gaewsky1 Posted November 29, 2011 Report Share Posted November 29, 2011 Those who buy gold and silver do you buy the bullion or the graded coins? I have a hard time believing the graded coins will be higher in the future if the economy goes to shit. Wouldn't all the coins be rated on weight instead of condition? Any thoughts? Quote Link to comment Share on other sites More sharing options...
LJ Posted November 29, 2011 Report Share Posted November 29, 2011 Both. I typically just buy American Eagles and a bit of Bullion. Your newer American Eagles will just be weight+premium. My dad on the other hand is a collector and has some pretty amazing sets. Quote Link to comment Share on other sites More sharing options...
CRed05 Posted November 29, 2011 Report Share Posted November 29, 2011 BOOM http://upload.wikimedia.org/wikipedia/commons/c/cc/Krugerrand01.jpg Quote Link to comment Share on other sites More sharing options...
jeffro Posted November 29, 2011 Report Share Posted November 29, 2011 i think those gold coin commercials are hilarious. the ones for $19.99 have like .01 oz gold in them, and they make is seem like the coins are worth a million bucks. the .99999 pure silver plating makes it deceiving. Quote Link to comment Share on other sites More sharing options...
Archie Posted November 29, 2011 Report Share Posted November 29, 2011 Whert do you fellers buy yer bullion from? Quote Link to comment Share on other sites More sharing options...
LJ Posted November 29, 2011 Report Share Posted November 29, 2011 Private dealer in Orlando Quote Link to comment Share on other sites More sharing options...
gaewsky1 Posted November 29, 2011 Author Report Share Posted November 29, 2011 Both. I typically just buy American Eagles and a bit of Bullion. Your newer American Eagles will just be weight+premium. My dad on the other hand is a collector and has some pretty amazing sets. Am I right in thinking that is the world goes in the crapper and gold/silver is used for buying things that bullion and graded coins will be the same thing based on weight (1oz is 1oz) as opposed to how pretty the coin looks? I just bought some gold graded coins and am curious if in the long run I made a mistake. Quote Link to comment Share on other sites More sharing options...
GSXRAntwon Posted November 29, 2011 Report Share Posted November 29, 2011 Am I right in thinking that is the world goes in the crapper and gold/silver is used for buying things that bullion and graded coins will be the same thing based on weight (1oz is 1oz) as opposed to how pretty the coin looks? I just bought some gold graded coins and am curious if in the long run I made a mistake. With the research I've done, your theory seems to be correct Quote Link to comment Share on other sites More sharing options...
AWW$HEEET Posted November 29, 2011 Report Share Posted November 29, 2011 If the world goes to shit, fiat currency will fail and gold/silver along with barter will be the main mechanisms of doing business. Quote Link to comment Share on other sites More sharing options...
AWW$HEEET Posted November 29, 2011 Report Share Posted November 29, 2011 btw i wouldnt pay anything over "spot" price, or the scrap value for whatever you are buying. any "premium" wont be worth shit if you are simply speculating for gold value. no one cares if it has a cute bunny or eagle printed on the front. Quote Link to comment Share on other sites More sharing options...
LJ Posted November 29, 2011 Report Share Posted November 29, 2011 btw i wouldnt pay anything over "spot" price, or the scrap value for whatever you are buying. any "premium" wont be worth shit if you are simply speculating for gold value. no one cares if it has a cute bunny or eagle printed on the front. "premium" is the dealer's markup. You won't find very much gold without a markup. It's usually a flat fee over spot Quote Link to comment Share on other sites More sharing options...
LJ Posted November 29, 2011 Report Share Posted November 29, 2011 Am I right in thinking that is the world goes in the crapper and gold/silver is used for buying things that bullion and graded coins will be the same thing based on weight (1oz is 1oz) as opposed to how pretty the coin looks? I just bought some gold graded coins and am curious if in the long run I made a mistake. You are correct. He just collects as a hobby. He has like 15 #1 NGC rated collections. They would all be worth the same as a brand new 1oz gold eagle if the world economy collapsed. Quote Link to comment Share on other sites More sharing options...
AWW$HEEET Posted November 29, 2011 Report Share Posted November 29, 2011 "premium" is the dealer's markup. You won't find very much gold without a markup. It's usually a flat fee over spot yeah, they do take a cut. i was referring to "collectors" coins and crap like that. Quote Link to comment Share on other sites More sharing options...
El Karacho1647545492 Posted November 29, 2011 Report Share Posted November 29, 2011 Gold is at an all time high right now; obviously the time to buy, right? If the world goes to shit, shiny metals vs fiat currency will be the least of your worries. Quote Link to comment Share on other sites More sharing options...
RedRocket1647545505 Posted November 29, 2011 Report Share Posted November 29, 2011 I skipped the gold and silver. Instead, I invested in brass, copper, and lead. It's way more useful. Quote Link to comment Share on other sites More sharing options...
Supplicium Posted November 29, 2011 Report Share Posted November 29, 2011 I skipped the gold and silver. Instead, I invested in brass, copper, and lead. It's way more useful. I feel the same way.... but im in platinum, steel and aluminium Quote Link to comment Share on other sites More sharing options...
El Karacho1647545492 Posted November 29, 2011 Report Share Posted November 29, 2011 I feel the same way.... but im in platinum, steel and aluminium Well I'm investing in bauxite so you shall bow to me!!!! I'm also heavily invested in technetium and mercury, and am currently weaponizing them to make my toxic liquid fire ray gun. Currently finding that I need to set aside some money for molybdenum r&d to truly harness the power. Also beryllium. You can never have too much beryllium. Quote Link to comment Share on other sites More sharing options...
mrs.cos Posted November 29, 2011 Report Share Posted November 29, 2011 im counting my bets on Salt and Sugar. Quote Link to comment Share on other sites More sharing options...
LJ Posted November 29, 2011 Report Share Posted November 29, 2011 WAFFLES!!! Quote Link to comment Share on other sites More sharing options...
El Karacho1647545492 Posted November 29, 2011 Report Share Posted November 29, 2011 im counting my bets on Salt and Sugar. Despite my earlier attempts to troll, my friend is in Azerbaijan and I'm gonna have her bring me back a metric ton of saffron, which is apparently cheap as dirt there. Quote Link to comment Share on other sites More sharing options...
copperhead Posted November 29, 2011 Report Share Posted November 29, 2011 I feel the same way.... but im in platinum, steel and aluminium Except those three metals don't make bullets. If the world goes to shit, all that will be worth anything is food and bullets. It would be a long time before gold matters again, and far longer for silver to matter. Invest in something useful Quote Link to comment Share on other sites More sharing options...
mrs.cos Posted November 29, 2011 Report Share Posted November 29, 2011 Despite my earlier attempts to troll, my friend is in Azerbaijan and I'm gonna have her bring me back a metric ton of saffron, which is apparently cheap as dirt there. argh.. tell em to bring me some as well! (its retarded expensive here) And honestly.. i really wasnt trolling.. Quote Link to comment Share on other sites More sharing options...
2highpsi Posted November 30, 2011 Report Share Posted November 30, 2011 Except those three metals don't make bullets. If the world goes to shit, all that will be worth anything is food and bullets. It would be a long time before gold matters again, and far longer for silver to matter. Invest in something useful Came here to post the same thing. Now I don't think it will happen in our lifetime, but IF it does,... guns, ammo, water, and non parishables will be worth 10000000000000000000000000000000000x gold Quote Link to comment Share on other sites More sharing options...
gaewsky1 Posted November 30, 2011 Author Report Share Posted November 30, 2011 Gold is at an all time high right now; obviously the time to buy, right? If the world goes to shit, shiny metals vs fiat currency will be the least of your worries. Didn't say it was all gold. I bought a coin for my son as a Christmas gift. I am looking more at silver. Quote Link to comment Share on other sites More sharing options...
Supplicium Posted November 30, 2011 Report Share Posted November 30, 2011 Except those three metals don't make bullets. If the world goes to shit, all that will be worth anything is food and bullets. It would be a long time before gold matters again, and far longer for silver to matter. Invest in something useful steel up 10% this morning.. whos going to give you a gun for your gold? im sure if dday came i could make a bullet out of steel. but i know no one that would take gold for a gun esp if our money system collapsed. dont forget about water thats the most important.. Quote Link to comment Share on other sites More sharing options...
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