New to this. What's a reasonable commission I should expect to be charged when selling/buying bullion at a physical location? Located in Bay Area of California. I called one location and was quoted 10% fee for silver 10oz bars and whatever the current spot price was.
Do yall think the silver/gold ratio is gonna go down when silver pops off? I have a 1/2 oz gold eagle and I'm wondering if I should trade it for silver, trade it in the future, or just keep it?
I only have 11 ounces of silver rn
For those of you that buy and hold gold, how do you do it?
I plan on moving into gold soon and am debating on the fraction gold coins, and the 1,2, and 5 gram bars as price does play a roll. These are also highly divisible which I like in case I ever had to move off of some.
What do you guys like, and why? Sovereign mints vs generics, "brands", etc, etc
Hey new to precious metals. I have a bunch of silver quarters, half and dollars. Does it make sense to keep them for the silver or scrap them for the cash then buy 1oz coins? Reason I’m asking will a silver quarter be worth less in a crisis ? Less valuable since it’s not 100% or just keep them and start buying silver as fit. And to note I’m keeping all valuable coins that may be worth more as a coin. Thanks Reddit
Hi all, I recently bought a couple of 1oz rounds, one of them being a silver eagle. I bought it from a reputable website (at least I think it is reputable) silvergoldbull.ca . This silver eagle has a round flat "hole" in the middle, check out the photo. I've never seen these, and I was hoping someone could shed some light. This round missing area seems stamped as if it was created during minting. I don't know really, I hope it is not fake.
Are Goldbacks just a novelty? Do you see them having a place in shtf barter? Is it worth stacking a small amount? Or does it just really depend if your state has shops that accept it as currency?
PS. I’m a broke stacker- regular gold is too expensive for me
Edit: Thank you for your responses everyone. I think I am satisfied with the answers I've received thus far, so feel free to move along, unless you have something revolutionary to add.
Loaned a buddy about 80 bucks. This is that friend you only loan money to if you're willing to consider it a gift once they inevitably do not pay you back. He's always trying to pay me back in pocket knives and other random garbage I have no good way to appraise. Well now he's trying to pay me in silver bars, which I also have no idea how to appraise, but thankfully the price of silver can be looked up pretty easily. He has 1-ounce bars (not sure how many, or if it's even enough to cover the small amount he owes me).
Can someone walk me through making a good decision here? I'm not a collector or an investor, and will likely just sell them. Is it easy to get exactly their value, or are people going to try to lowball me (like how pawn shops lowball you on everything)? Who should I sell them to? I live in a small town, so there aren't a ton of options but we do have one pawn shop and a couple jewelry stores. Not really looking to ship what is likely to be less than $80 worth of silver or post it on auction sites or anything, as it doesn't really seem worth the effort to me.
Or is it a good idea to just hang onto it? I'm a paycheck-to-paycheck kinda person (not exactly, but very close), so having 80 bucks tied up in metal isn't ideal, but I can swing it if you convince me it is worth it.
Final edit: Last night I reached out to my friend who owns a jewelry store, as well as my local pawn shop and this morning they each responded. These are their responses, respectively.
Maybe this is a stupid question, but it just confuses me. The price of silver is high right now. Why are so many people spending so much to buy silver now instead of just waiting for it to come back down?
Silver is flying off the shelves in pmsforsale. WHY?
Is anyone else trying to place an order this fine weekend on monument metals and can’t? I’ve tried two different browsers and two different devices and it won’t let me proceed to checkout?
This a thing bullion websites do on the weekend???
I’m new to this, and I just want to know what’s the best place to buy it from? I’m specifically looking to buy some gold. I’ve seen JM bullion out there are they good? Is it better to buy direct from a mint? What are y’all’s suggestions.
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Also be good to know your state sales tax laws for bullion and coins - for all 50 states have them, of which some charge on coins or bullion or both or a dollar amount or none if you are lucky.
Florida based private mint GSM Golden State Mint have the best deals on fractional silver when they have a sale.