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What are your thoughts on bullion buying
PTVETTER
Posts: 6,108 ✭✭✭✭✭
I as looking on line for bullion information.
I noticed that some are promising delivery sometime in the future but no time lime.
I also am concerned about ebay sales when NO inventory is in stock!
Am I overly concerned on not!
Pat Vetter,Mercury Dime registry set,1938 Proof set registry,Pat & BJ Coins:724-325-7211
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You should be concerned.
My best PM deals have been on the BS&T forum. Honest, reliable, friendly sellers.
always ask about availability and shipping timeline when buying bullion.
"A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."
Vigilance says be concerned.
Nothing really, bought a bunch years ago and probably hoarded much more than I should have. The same could be said for my toilet paper, butter and beans. I guess the point it it's nice to be prepared...…..just in case. Peace!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
If I am to mess with bullion, it will gold and in bullion coin form, AGE or Canadian Maple Leafs. No bars, and promise “to pay you on Tuesday if you pay today.” Older collectors might remember “the little profit dealer” who was supposed to be holding bullion for his clients and went on the lamb when the gold price dropped. There was no there there.
Deal with known sellers who have earned good reputations over a long period of time.
There’s no need to take unnecessary risks by doing otherwise.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I love me some Bullion since September 2001.
No regrets.
Super liquid, mercury-like.
Call you before you make a purchase. If I bought a bullion deal in the last day or to it will go down!
PS, I am not far from you geographically and here in a few more months when the price is just a tad higher and supply is still a bit tight I may be hitting your shop to dump some metal. Momma wants some new farm tractors.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Bullion material is difficult to predict (future bullion prices) but is the most liquid. My preference is slabbed ASE, AGE, AGB. Rolls of ASE good too.
I know of 2 that are having problems.
Not on one front but on two fronts
1 being that they have been told the products was in the pipeline but for some reason it's not there.
2 the closing by state mandate is the other. (slowing or stopping payments)
Depression = deflation
People have been calling for inflation for the last 10 years. Where is it? Japan has been deflating for 20+ years despite deficits that make ours look tiny (250% of GDP).
It is not a no brainer. It is one possible outcome. It is not the only possible outcome.
All comments reflect the opinion of the author, even when irrefutably accurate.
My thought is, I’ll hold my position until more info is avail. This situation we’re in is just getting started.
Preppers are giving preparedness a bad name and skewing the market.
Who's sales on ebay? Your bullion sales or other people's?
If you don't have inventory in stock, I wouldn't be having an active ebay listing for it.
If for someone else, I would check if they have it. If I were to sell on ebay, it would only be with something i have inhand. I know that not everyone thinks that way, but many of us do.
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
It seems to be a recent change, but eBay will leave BIN items listed with zero available. Makes sense in a retail sense for something you can restock.
All comments reflect the opinion of the author, even when irrefutably accurate.
Not buying right now.
When things calm down in a few months, gold will fall some and the premiums over melt for common date double eagles will fall to much lower levels.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I am not buying PM's at this time... have stacked over the years and am quite comfortable. Especially since the bulk of gold came when it was far, far cheaper.....I would not buy from a 'zero stock' source....too many shysters out there...and why give my money to someone else to use, when I could use it for other purposes. Cheers, RickO
The investors are not buying as much coffee as before but the bullion prices are going higher.
This is not the time to be taking chances with bullion buying. Scammers are going to be out there looking for buyers who want a "good deal". There also may be some sellers who have good reputations from past transactions but who are now in financial trouble. The only thing you may end up getting is a legal notice informing you that you are a creditor in a bankruptcy case.
Not buying gold at this level. Threw a bunch in the back of the safe when it traded between $1,100 and $1,200. Planned to sell when it hit $1,500, which I did. I'm content with how it worked out.
Not buying. Saving money for food and other supplies.
There are bottlenecks in the supply lines now, and no inventory to speak of. This makes me believe that the street price of any available bullion will rise higher than it normally would - in terms of the premiums, for the foreseeable future.
In addition, I would also underline what 291fifth stated, There also may be some sellers who have good reputations from past transactions but who are now in financial trouble. The only thing you may end up getting is a legal notice informing you that you are a creditor in a bankruptcy case.
That being said, the Fed has been given unlimited reign to buy everything in sight with unknown amounts of free imaginary money - this includes every single type of financial asset in addition to pumping dollars to many other central banks. This should be a major concern.
I knew it would happen.
Too many fake AGE floating around.
Sticking w/ low grade, pre-33 PCGS encapsulated stuff.
Preferably TrueView close to melt.
And now people telling me I don't know what a counterfeit saint looks like in 3....2....1.....
My Saint Set
The alternative might have been an even bigger concern.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Murphy's law:
A couple of months ago I wasn't offered much better than melt for Saints... 63's and 64's.
Now, I won't go to the storage facility (in NYC) to pick up the coins for resale.
Good luck finding bullion anyway. Limited budget here. Thought I looked for silver bullion. Either " not available " or available on such n such date. No thank you. If you're advertising it you should have it for sale now. IMO only, 4 weeks availability, if the spot drops, they will expect you to pay what you bid. If the spot goes up, " still unavailable " and never will be at the lower price.
Wait patiently.
Some may disagree, but my opinion is Gold is insurance, not an investment.
Anyway, I stocked up when gold was much less than it is now. Got lucky I guess because I was buying before the 2008 crash.
Today I would be worried about finding physical gold. Even if you do, dealers are asking $100+ over spot. If you are worried the world is about to go to hell, pay it and feel protected. If however you are just looking to invest money in something, I might rather look at stocks because it is hard to bet against the US economy long term. Sure gold is likely to go up by 25-50% once the $2T is baked in, but I would assume an even higher rise in the stock market, assuming this Covid thing is manageable within 2 month's time.
Indian Head $10 Gold Date Set Album
NEIN ! Notting vill go wrong mit der vunderful Weimar Republik !!
Fun (and sometimes informative) reading at https://www.reddit.com/r/Silverbugs/.
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, jacrispies, coin22lover, coinsarefun, jwitten, CommemKing.
I've been waiting until it is physically available.
"A dog breaks your heart only one time and that is when they pass on". Unknown
The time to buy bullion was years ago when the economy was roaring, people were inflating real estate and becoming dotcom millionaires and calling gold the relic of barbarism
I've watched silver cycle for 40 years. I agree with many of the comments on gold, but there is so much physical silver around, even if we don't see it. The Hunt's tried a corner and 50 million ounces came out of the woodwork. My personal gut feeling is that stable industrial levels are $12-14/ounce everything else is speculation, which is fine but it doesn't have to go up or down...it just is what it is. I have the little bit I "need", and really hate playing chicken with billionaires.
My personal gut feeling is that stable industrial levels are $12-14/ounce everything else is speculation, which is fine but it doesn't have to go up or down...it just is what it is. I have the little bit I "need", and really hate playing chicken with billionaires.
On the other hand, a trillion dollars here, a trillion there - pretty soon it adds up to real money. Compare the amount of unsupported debt outstanding (including all derivatives and unfunded liabilities - personal, municipal, states, federal and international) - compare the dollar amounts that will be required to liquify all of that - compare all of that debt to the current valuations of all the precious metals above ground.
At some point, the debt becomes a black hole that consumes almost all other financial instruments, probably at the point where rates go negative, like right now.
Mind-blowing to consider. It makes having something real and in-hand seem a little more logical, for what it's worth.
I knew it would happen.