Precious metal purchases ?

[dcs13]

Where's a good place you ballers are getting your bars these days ? Thinking I should expand to some tangible assets...

[JC316]

No clue. My tangible assets are whiskey, beer, and project cars.

[AnthonyS]

Not a baller.

I shop JM Bullion and TX Precious metals mostly.

Silver spot price is okay right now but premiums are at stupid highs. My first US silver Eagle, I paid spot +$0.25 and I remember being pissed. Now it’s spot plus $4-$10 an ounce. Good is spot plus $100 or more.

I’d explain how bullion Is being colossally screwed by banks and markets, but that’s probably why you want to diversify.

[Gasser64]

They're more like a savings account. One where they can't steal from you via inflation. Look at their charts going back to the 1970's. Or even hundreds of years. There was that old English poem iirc, about how a sovereign would buy you and a few friends a good dinner at the best restaurant in town. Or buy you a nice suit. Still about right, to this day.

They're a good way to hide from inflation, but I don't think I'd call them an "asset". To me something that's an asset will appreciate and you'll come out ahead. With metals it's more like you just won't lose anything.

I think part of that is because the Fed works to keep them down.

[lincolnboy]

Originally Posted by Gasser64

They're more like a savings account. One where they can't steal from you via inflation. Look at their charts going back to the 1970's. Or even hundreds of years. There was that old English poem iirc, about how a sovereign would buy you and a few friends a good dinner at the best restaurant in town. Or buy you a nice suit. Still about right, to this day.

They're a good way to hide from inflation, but I don't think I'd call them an "asset". To me something that's an asset will appreciate and you'll come out ahead. With metals it's more like you just won't lose anything.

I think part of that is because the Fed works to keep them down.

I've thought about this and being going to APMEX. Been thinking myself of buying some bars. Your not buying at raised price from the dealer. Will lose some money, atheist Noone else will make money off you.

[AnthonyS]

Originally Posted by Gasser64

They're more like a savings account. One where they can't steal from you via inflation. Look at their charts going back to the 1970's. Or even hundreds of years. There was that old English poem iirc, about how a sovereign would buy you and a few friends a good dinner at the best restaurant in town. Or buy you a nice suit. Still about right, to this day.

They're a good way to hide from inflation, but I don't think I'd call them an "asset". To me something that's an asset will appreciate and you'll come out ahead. With metals it's more like you just won't lose anything.

I think part of that is because the Fed works to keep them down.

That’s a pretty fair description based on my experience over the last 15 years or so. I just like having some metals instead of having it all in the stock market too. Especially once you realize there are some that think 401ks should be nationalized and mandatory. That’s essentially just another social security tax if they go that route. That might even force me to mostly metal.