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Giving precious metals for christmas.
- Thread starter MdBlades
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I don't see any real reason why not, other than that they're not accepted at the beer store. Also think before you buy... a former co-worker ended up buying 10 oz of silver via Ebay, valued at around $7/oz... and paid $12/oz buy the time he paid the shipping. I ribbed him mercilessly. He basically ended up with a $120 picture frame full of little shiny "coins".
This doesn't have the cool factor, but regular savings bonds might be a better deal.
This doesn't have the cool factor, but regular savings bonds might be a better deal.
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Precious metals are an investment.You are making someone think about having a fall-back if emergency $$ is needed .The Jews fled Hitler's Germany with gold coins & precious gems,easy to carry & conceal .
I'm considering converting my large silver collection into a few gold pieces. Both are at a recent high & you'd just be down-sizing with equal $$ value.
My daughter will get a $5 gold coin in a bezel & her husband will get an aluminum case filled with hand-made cigars from Tampa.
Uncle [miserable miser ?] Alan
:thumbup:
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I think you guys are wishful thinking, take a silver dollar (which you overpaid something like 12% over the silver cost just to get) and go buy $10 dollars of fuel, give the person the silver dollar and ask that you get 3 paper real dollars back in change.
Or better chisel one in half and go buy a pack of cigarretes with it the half. Let us know how it goes.
Or take your silver dollar and go to the coin shop and sell it, do you think you'll get exactly what you paid for it?
Instead of talking about it try it, see how it works in real life.
Or better chisel one in half and go buy a pack of cigarretes with it the half. Let us know how it goes.
Or take your silver dollar and go to the coin shop and sell it, do you think you'll get exactly what you paid for it?
Instead of talking about it try it, see how it works in real life.
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Have you ever bought stocks, bonds or realestate? There is always a spread from what you pay compared to what you can immediatley get back if you turned around and sold it. The idea is to hang onto the asset until it's value has far exceeded the spread.
You can't buy gas or cigs with stocks or bonds either without first converting them back to cash.
Five years after buying silver and gold bullion I can go to a coin shop and get back a hell of alot more then I paid. The shop I use pays $5 under spot for gold and .50 under spot for silver.
When it comes to giving bullion as a gift you have to consider the financial sophistication of the recipient first. Are they investors who value tangible assets that will appreciate in value? Or are they like 90% of the people in this country that are clueless about real money and wealth accumulation?
If they are the later then you better stick to gift certificates to Wally World and Hot Topic.
You can't buy gas or cigs with stocks or bonds either without first converting them back to cash.
Five years after buying silver and gold bullion I can go to a coin shop and get back a hell of alot more then I paid. The shop I use pays $5 under spot for gold and .50 under spot for silver.
When it comes to giving bullion as a gift you have to consider the financial sophistication of the recipient first. Are they investors who value tangible assets that will appreciate in value? Or are they like 90% of the people in this country that are clueless about real money and wealth accumulation?
If they are the later then you better stick to gift certificates to Wally World and Hot Topic.
Unless it will be atleast this much it doesn't make sense
You only missed it by few years. Until discovery of Hall-Héroult extraction processv (1886) aluminium was more valuable than gold. :thumbup:
Good luck next time
You only missed it by few years. Until discovery of Hall-Héroult extraction processv (1886) aluminium was more valuable than gold. :thumbup:
Good luck next time
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OK, so I agree that holding long term can appreciate significantly, if you time it correctly.
Lately it's gone up, but over the long term, the last 25 years, the trend isn't strong (yet).
If you calculate the amount of compounded value increase over that 25 years it comes out to 4% anually. While the average overall stock market return was around 7%.
(caveat I ain't a math major so I might have hosed up the calcs)
Lately it's gone up, but over the long term, the last 25 years, the trend isn't strong (yet).
If you calculate the amount of compounded value increase over that 25 years it comes out to 4% anually. While the average overall stock market return was around 7%.
(caveat I ain't a math major so I might have hosed up the calcs)
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Silver prices are being held down by hedging. If it was left alone to the market forces it would track with gold at a 16:1 ratio like it has for several hundred years.
All investments must be timed so you can buy at a decent low then sell at a good high.
I use precious metals to hedge against the stock market since they run opposite of them. You can do the same with any of the commodities. That is just called having a balanced portfolio so at any time part of it is going up.
For me precious metals are more of an insurance policy in case the USD crashes or even drops abruptly. I still remember the stories my grandparents told about the depression and how worthless our paper debt notes were. The people that had gold or silver fared much better.
I hope everyone has at least some tucked away just in case the financial poo-poo hits the fan. Those pieces of paper and plastic in your wallet are not going to get you much when all of the banks are on a federal "banking holiday". That was the government's term for "your screwed if you think you are going to withdrawl money out of the bank" back in 1929.
All investments must be timed so you can buy at a decent low then sell at a good high.
I use precious metals to hedge against the stock market since they run opposite of them. You can do the same with any of the commodities. That is just called having a balanced portfolio so at any time part of it is going up.
For me precious metals are more of an insurance policy in case the USD crashes or even drops abruptly. I still remember the stories my grandparents told about the depression and how worthless our paper debt notes were. The people that had gold or silver fared much better.
I hope everyone has at least some tucked away just in case the financial poo-poo hits the fan. Those pieces of paper and plastic in your wallet are not going to get you much when all of the banks are on a federal "banking holiday". That was the government's term for "your screwed if you think you are going to withdrawl money out of the bank" back in 1929.
- Joined
- Jul 11, 2004
- Messages
- 1,830
Silver prices are being held down by hedging. If it was left alone to the market forces it would track with gold at a 16:1 ratio like it has for several hundred years.
All investments must be timed so you can buy at a decent low then sell at a good high.
I use precious metals to hedge against the stock market since they run opposite of them. You can do the same with any of the commodities. That is just called having a balanced portfolio so at any time part of it is going up.
For me precious metals are more of an insurance policy in case the USD crashes or even drops abruptly. I still remember the stories my grandparents told about the depression and how worthless our paper debt notes were. The people that had gold or silver fared much better.
A mix would be better because what grocery would have proper change for a $20 gold piece ?
I asked a reputible [?] dealer his ratio for changing silver into gold & he is asking $20 in silver for a $5 gold piece & would throw in a bezel.
Do the math...
Uncle Alan
I too hope everyone has at least some tucked away just in case the ship hits the sand.
