Gold and silver prices are down

[NavelOfficer]

Just remember, a "bank holiday" could cut you off from accessing your safety deposit box.

Coins (not numis') generally are easily recognized and offer better fractional denominations, albeit with loftier premiums. Any form is suitable, IMO, but for insurance/crisis scenarios, I would prefer physical, not paper holdings.

On another note (Hecla Mining Co.) , how can it be that HL breaks above my Friday expiring $6.50 strike today. That rarely happens to me. Usually my longs tank after expiration, so the premium on forward months collapses.
Well, we'll see what happens come 19 March 2021...

 

[richc]

I just hodl my PM and rare coins. My plan, God willing, is to bequeath them.

Win, do you have the correct spelling of my last name???

 

[ASHDUMP]

With silver costing so damn much I picked up 8 of these.....

Can't wait to get these little guys. Going to be funny how small they are.

 

[richc]

With silver costing so damn much I picked up 8 of these.....

Can't wait to get these little guys. Going to be funny how small they are.

View attachment 453540

People used to laugh at the notion of 1/100th of a Bitcoin...

 

[Varmint]

With silver costing so damn much I picked up 8 of these.....

Can't wait to get these little guys. Going to be funny how small they are.

View attachment 453540

I can see my wife vacuuming those right up.

 

[smokey-seven]

So what the preferred method of holding Gold/Silver? Coins, Bullion, IRA? I have been a mix of coins/bullion store is a safety deposit box but wondering if I just move to more bullion.

Personally, I am into coins, American coins, silver eagles and 90% pre 1965 coins. I would not EVER store metals in a safety deposit box. Banks can go under, IRS or another 3 letter outfit can lock down boxes and it is not unheard of that they can be broken into.

Get some 3" PVC piping, and run it from one wall to another, with a clean out connection. No respectable burglar will look into a PVC pipe.

I can see my wife vacuuming those right up.

Sigh...

 

[HuntMaine]

Personally, I am into coins, American coins, silver eagles and 90% pre 1965 coins. I would not EVER store metals in a safety deposit box. Banks can go under, IRS or another 3 letter outfit can lock down boxes and it is not unheard of that they can be broken into.

Get some 3" PVC piping, and run it from one wall to another, with a clean out connection. No respectable burglar will look into a PVC pipe.



Sigh...

Good point

 

[Atlantis]

People used to laugh at the notion of 1/100th of a Bitcoin...

It is laughable. Absolutely silly. No one should want to have any. You should all sell any if you have it.










Brb, while I go try and accumulate all the BTC I possibly can.

 

[Kevin_NH]

Personally, I am into coins, American coins, silver eagles and 90% pre 1965 coins. ...
Get some 3" PVC piping, and run it from one wall to another, with a clean out connection. No respectable burglar will look into a PVC pipe.

Don't do this with collectables, the PVC reacts with silver (and copper). Look for ABS or HDPE "drain/vent pipe" instead. Much of the common black "plastic" pipe is an ABS+PVC blend.

 

[smokey-seven]

ABS or HDPE "drain/vent pipe"

Thanks for that. My conversion will not be expensive. My coins are well wrapped and I see no deterioration after a year in the PVC. No toning or other observable problems.

 

[Varmint]

10 year rates are going ballistic, bad for gold short term but could cause a Fed panic soon if they keep rising.

 

[n1oty]

10 year rates are going ballistic, bad for gold short term but could cause a Fed panic soon if they keep rising.

Good thing that my latest gold coin, a 1924 St Gaudens MS63 certified gold coin showed up yesterday.

 

[DJBrad]

Good thing that my latest gold coin, a 1924 St Gaudens MS63 certified gold coin showed up yesterday.

Indeed. When will hen’s teeth be more abundant?

 

[Win]

Schiff was mentioning on his podcast that interest rates are likely to rise but that the FED is sure to react. It's really been a windfall for PM investors. Between the general public not acknowledging that we are going to print money until it's worth less or worthless and investors being sidetracked into crypto, PMs have remained surprisingly affordable.

 

[richc]

Schiff was mentioning on his podcast that interest rates are likely to rise but that the FED is sure to react. It's really been a windfall for PM investors. Between the general public not acknowledging that we are going to print money until it's worth less or worthless and investors being sidetracked into crypto, PMs have remained surprisingly affordable.

The government sleight of hand is just a diversionary tactic. They can't stop the inevitable.

 

[Varmint]

Good thing that my latest gold coin, a 1924 St Gaudens MS63 certified gold coin showed up yesterday.

I got mine last month, have to pay the CC bill this month.

 

[n1oty]

I got mine last month, have to pay the CC bill this month.

I always pay by wire transfer in order to get the lowest price.

 

[DJBrad]

I always pay by wire transfer in order to get the lowest price.

He’s probably getting 2-3% cash back or some other reward though.

 

[Varmint]

He’s probably getting 2-3% cash back or some other reward though.

Just 1%. I had to use up $100 in EBay Bucks, also it was on sale so the price was better than APMEX.

 

[ASHDUMP]

Scottsdale Mint on Gab: 'Coupon coming first days of March. If you can wai…'

Scottsdale Mint on Gab: 'Coupon coming first days of March. If you can wait, wait. We want to see gabs power levels.'

gab.com

 

[Varmint]

Gold tanking this morning as the 10 Year Treasury rate goes vertical.

Any day now the market will go from “oh look, rates are going up, great news!” to “omg rates are going to crash the debt bubble!”

 

[DJBrad]

Gold tanking this morning as the 10 Year Treasury rate goes vertical.

Any day now the market will go from “oh look, rates are going up, great news!” to “omg rates are going to crash the debt bubble!”

So true. This is baaaaaaad news.

 

[Win]

I have mixed emotions. I'm so upset by the government that I welcome their problems even though those problems are nearly certain to adversely effect my life and the lives of my loved ones.

 

[Varmint]

So true. This is baaaaaaad news.

Stock market has been flirting with a correction since rates started shooting up, the danger zone might be 1.5% on the 10 year.

 

[DJBrad]

Gold hitting below $1780

 

[n1oty]

Gold hitting below $1780
View attachment 454666

I'm holding, I'm holding..................................................................

 

[Varmint]

Gold hitting below $1780
View attachment 454666

 

[Varmint]

November low in gold held, and silver held up as well. Tomorrow will be huge cause it's weekly and monthly close.

 

[Win]

I don’t know guys, those bond yields are tempting

 

[Varmint]

I don’t know guys, those bond yields are tempting

Wait for 1.8% tomorrow.