Dang, CSS. The head looks like Jimmy Carter. What a coincidence. Joe
Anybody else buying some silver or gold?
- Thread starter riptrack44
- Start date
Responding to the gentleman quoting warren buffett. Its been about 7-10 years ago Warren
Buffett bought every ounce of silver he could get his hands on. This is his forte he reads the market years in advance. He has plenty of silver left regardless of what he says. Just an FYI. Buffett is a genius and a bleeding heart liberal. Sad but true.
Buffett bought every ounce of silver he could get his hands on. This is his forte he reads the market years in advance. He has plenty of silver left regardless of what he says. Just an FYI. Buffett is a genius and a bleeding heart liberal. Sad but true.
rburg
Member
One problem with the copper hoarding. Its bulky if you store it, thieves love it because they can dump it for quick cash. And there's a bunch of it in the ground out in Utah. Kennecott's open pit is still booming. And they've closed the mine at the huge deposit in Lisbon Valley (south of Old LaSal). It was big news when that one opened, but the copper market isn't strong enough, yet.
At one of our regional shows, a guy had a 1,000 oz troy block of silver. Yes, it was heavy. Too heavy to move around. With silver at $14 or so when he offered it for sale, he wanted $14 grand for the chunk.
At one of our regional shows, a guy had a 1,000 oz troy block of silver. Yes, it was heavy. Too heavy to move around. With silver at $14 or so when he offered it for sale, he wanted $14 grand for the chunk.
rburg
I only know one guy who has dealt in precious metals successfully for years. Once we were at an auction where some large blocks of silver were being sold and I noticed he seemed more interested in the smaller 1oz lots. When I asked why he said he only purchased the large blocks when they were substantially below spot, because they were hard to move. Most casual purchasers wanted 1oz ingots and there was always some loss if the end user was melting down the silver for any reason.
I only know one guy who has dealt in precious metals successfully for years. Once we were at an auction where some large blocks of silver were being sold and I noticed he seemed more interested in the smaller 1oz lots. When I asked why he said he only purchased the large blocks when they were substantially below spot, because they were hard to move. Most casual purchasers wanted 1oz ingots and there was always some loss if the end user was melting down the silver for any reason.
model 49 rick
Member
Don't buy gold or silver as an investment. You won't make money on it.
If you want to have something you can spend when the dollar won't buy anything anymore, that might work. I have purchased "several" 1/10 oz gold coins and some 1 oz silver coins for such a purpose if it comes to pass. Don't buy any bigger gold coins than that unless you like the idea of showing off transferaable wealth in large quantities at a time when people are desperate for everything.
Consider stocking up on trade goods like liquor and cigarettes, ammunition, condoms, gasoline if you can store it. Stuff like that. Don't buy it unless you can use it yourself later on. Just because your doomsday scenario looks more likely doesn't mean it will actually happen.
Good luck.
Rick
If you want to have something you can spend when the dollar won't buy anything anymore, that might work. I have purchased "several" 1/10 oz gold coins and some 1 oz silver coins for such a purpose if it comes to pass. Don't buy any bigger gold coins than that unless you like the idea of showing off transferaable wealth in large quantities at a time when people are desperate for everything.
Consider stocking up on trade goods like liquor and cigarettes, ammunition, condoms, gasoline if you can store it. Stuff like that. Don't buy it unless you can use it yourself later on. Just because your doomsday scenario looks more likely doesn't mean it will actually happen.
Good luck.
Rick
Jerry in SC
Member
I own mostly 90% silver US coinage that I purchased at face value in the late 60's. It's only worth what someone will pay for it, a commodity like any other. I buy 90% silver US dimes when I can get a good deal on them.
ChinaSeaSailor
US Veteran
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if you run across any Englehard mint and do not want let me know please
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I can't buy any gold or silver right now. I'm too busy paying off the National Debt. LOL.
