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Good article on PM storage options

derrybderryb Posts: 36,795 ✭✭✭✭✭
in Precious Metals
Options for storing precious metals

"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Comments

  • CaptHenwayCaptHenway Posts: 32,125 ✭✭✭✭✭
    Does it cover the "Mason jar buried in the back yard" option???
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • tydyetydye Posts: 3,894 ✭✭✭
    A dealer friend told me of an old guy that would spray paint his 100 oz silver bars and then just store them in the garage
  • COINB0YCOINB0Y Posts: 4,505
    what color? gold?
  • tydyetydye Posts: 3,894 ✭✭✭
    They were spray painted black
  • bestmrbestmr Posts: 1,777 ✭✭✭
    That's actually not a bad idea. Most people wouldn't even take a second look at some black bars in a garage. Put some motor oil cans around them and you have the perfect disguise.
    Positive dealing with oilstates2003, rkfish, Scrapman1077, Weather11am, Guitarwes, Twosides2acoin, Hendrixkat, Sevensteps, CarlWohlforth, DLBack, zug, wildjag, tetradrachm, tydye, NotSure, AgBlox, Seemyauction, Stopmotion, Zubie, Fivecents, Musky1011, Bstat1020, Gsa1fan several times, and Mkman123 LOTS of times
  • derrybderryb Posts: 36,795 ✭✭✭✭✭


    << <i>That's actually not a bad idea. Most people wouldn't even take a second look at some black bars in a garage. Put some motor oil cans around them and you have the perfect disguise. >>



    Try selling them when it comes time to.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • tydyetydye Posts: 3,894 ✭✭✭
    The dealer bought them no problem. It is still 100 oz of silver.
  • derrybderryb Posts: 36,795 ✭✭✭✭✭


    << <i>The dealer bought them no problem. It is still 100 oz of silver. >>


    It's painted silver, gotta have an affect on the price.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • tydyetydye Posts: 3,894 ✭✭✭
    I am not aware of the specifics on how much he paid the old guy. But he does purchase a lot of pms. Sending it to the refineries and not for resale to the public. The public may view it as a negative but at the refineries it will still show up as 100 oz of silver.

    Pretty sure a solvent like acetone would remove the paint anyway. While some silver may be viewed as a collectible. 100 oz bricks are nothing more than commodities. Myself and the dealer thought it was pretty ingenious of the old guy.
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