Precious Metals--Anyone Buying? (1 Viewer)

[chet]

Gold is trading at a 13-year low. Anyone put any money into physical gold?

I am just starting to research and have found www.apex.com as a precious metals dealer that seems to have some decent offerings. Obviously the key when buying a commodity is getting a price as close to spot as possible. I know there are ETFs that try to mimic the spot price, but I am talking about buying and taking delivery of gold/platinum/silver.

 

[fruity pebbles]

5 year low. 13 years ago gold was like 300 bucks an ounce.

 

[chet]

5 year low. 13 years ago gold was like 300 bucks an ounce.

My bad. Must have misread something.

 

[Notorious T.R.E.]

Read this as "precious meats" and was all like "HELL YEAH". Carry on.

 

[Dentist]

Bought more gold for the office for crowns. Although not much as the demand for gold crowns is at an all-time low even though it's still probably the best material on back teeth.

 

[Gawain]

There's a silver thread where the three or four of us try to make each other feel better.

http://www.jmbullion.com/kilo-pamp-suisse-gold-cast-bar/
Something like the above would be twenty bucks an ounce over spot.

Looks like APMEX gets to about 18 an ounce over spot.

I don't think there's a ton of money to be made in precious metals over the short term, but what do I know.

You're Canadian, aren't you? You could pick up one of the least useful pieces of currency your country's ever devised:

http://www.mint.ca/store/mint/about-the-mint/million-dollar-coin-1600006#.Va0ZC_kepjY

 

[johnnycakes]

Gold is trading at a 13-year low. Anyone put any money into physical gold?

I am just starting to research and have found www.apex.com as a precious metals dealer that seems to have some decent offerings. Obviously the key when buying a commodity is getting a price as close to spot as possible. I know there are ETFs that try to mimic the spot price, but I am talking about buying and taking delivery of gold/platinum/silver.

you mean www.ampex.com ????

 

[Mrs. Rannous]

Bought more gold for the office for crowns. Although not much as the demand for gold crowns is at an all-time low even though it's still probably the best material on back teeth.

Why is gold the best metal? Amalgam always seems to work for me. Although I'm at the crown stage, so I'm not sure it matters.

 

[cstu]

Like trying to catch a falling golden knife.

 

[chet]

You're Canadian, aren't you? You could pick up one of the least useful pieces of currency your country's ever devised:

http://www.mint.ca/store/mint/about-the-mint/million-dollar-coin-1600006#.Va0ZC_kepjY

It'd be great for Brewster's Millions.

Actually, not really. It has a million dollar face value.

 

[Dentist]

Bought more gold for the office for crowns. Although not much as the demand for gold crowns is at an all-time low even though it's still probably the best material on back teeth.

Why is gold the best metal? Amalgam always seems to work for me. Although I'm at the crown stage, so I'm not sure it matters.

amalgam is for fillings, gold for crowns/onlays. Though amalgam is about 90% phased out for composite fillings these days. People's vanity is outweighing their desire for longevity... though to be fair the composites have come along very well also.

admittedly the zirconia oxide while milled material will probably ultimately replace gold though as the long term studies are very favorable thus far.

 

[chet]

Gold is trading at a 13-year low. Anyone put any money into physical gold?

I am just starting to research and have found www.apex.com as a precious metals dealer that seems to have some decent offerings. Obviously the key when buying a commodity is getting a price as close to spot as possible. I know there are ETFs that try to mimic the spot price, but I am talking about buying and taking delivery of gold/platinum/silver.

you mean www.ampex.com ????

Yes. Any of your guys buy physical?

 

[Dentist]

Gold is trading at a 13-year low. Anyone put any money into physical gold?

I am just starting to research and have found www.apex.com as a precious metals dealer that seems to have some decent offerings. Obviously the key when buying a commodity is getting a price as close to spot as possible. I know there are ETFs that try to mimic the spot price, but I am talking about buying and taking delivery of gold/platinum/silver.

you mean www.ampex.com ????

Yes. Any of your guys buy physical?

what would be the upside of physical metal?

ETF IAU can be had at such a low expense ratio and is so liquid... i can't imagine wanting the real thing unless you're a conspiracy theorist who wants something of value if a massive war broke out and the financial system collapsed and you needed guns and gold

 

[Eminence]

Gonna buy some gold stocks.

 

[chet]

Gold is trading at a 13-year low. Anyone put any money into physical gold?

I am just starting to research and have found www.apex.com as a precious metals dealer that seems to have some decent offerings. Obviously the key when buying a commodity is getting a price as close to spot as possible. I know there are ETFs that try to mimic the spot price, but I am talking about buying and taking delivery of gold/platinum/silver.

you mean www.ampex.com ????

Yes. Any of your guys buy physical?

what would be the upside of physical metal?

ETF IAU can be had at such a low expense ratio and is so liquid... i can't imagine wanting the real thing unless you're a conspiracy theorist who wants something of value if a massive war broke out and the financial system collapsed and you needed guns and gold

That's one part of the reason. Very unlikely but oh man will you want it instead of anything paper if everything goes to ####. Is that worth a couple %?

 

[The Big Guy]

GM《bitgold》

 

[fruity pebbles]

Looking at the long term chart, seems like theres still a lot of downside.

 

[Gawain]

Gold is trading at a 13-year low. Anyone put any money into physical gold?

I am just starting to research and have found www.apex.com as a precious metals dealer that seems to have some decent offerings. Obviously the key when buying a commodity is getting a price as close to spot as possible. I know there are ETFs that try to mimic the spot price, but I am talking about buying and taking delivery of gold/platinum/silver.

you mean www.ampex.com ????

Yes. Any of your guys buy physical?

what would be the upside of physical metal?

ETF IAU can be had at such a low expense ratio and is so liquid... i can't imagine wanting the real thing unless you're a conspiracy theorist who wants something of value if a massive war broke out and the financial system collapsed and you needed guns and gold

The upside to physical metal comes into play when we see depositories and pools go bust.

GM's baby bitgold has to overcome the natural reluctance to store elsewhere when you see places like bulliondirect and others go broke. Because they leveraged their assets, those folks who thought they had physical assets to back their claim discovered they did not and were thrown into the ordinary creditor pool. There's thought that most of the gold ETF's are leveraged and if there ever was a run on physical delivery they would fail.

The thought is at some point COMEX fails on delivery and people start demanding physical. Any ETF that's leveraged can't provide and the bottom falls out. At this point there is a real price difference between physical and paper.

Is the above a conspiracy theory? Probably, but there have been many gold related investments that have failed because the physical assets weren't in place or had liens against normal business operation that when physical was demanded the whole house of cards crashed. Therefore, I can understand why someone would want physical, especially if they aren't going to actively trade.

I figure it's another means of wealth preservation and if I've got an extra 500 bucks at the end of the week or month, it's going to be spent one way or another. Why not buy something that best case I could just give my kids, worst case I can sell easily.

 

[SIDA!]

Gold is trading at a 13-year low. Anyone put any money into physical gold?

I am just starting to research and have found www.apex.com as a precious metals dealer that seems to have some decent offerings. Obviously the key when buying a commodity is getting a price as close to spot as possible. I know there are ETFs that try to mimic the spot price, but I am talking about buying and taking delivery of gold/platinum/silver.

you mean www.ampex.com ????

Yes. Any of your guys buy physical?

Anyone here familiar with Regal Assets?

I have sent away for their free packets. I am thinking about using them to put gold in an IRA rollover. They have like a 24-48 hour turnaround time on opening an account and pay for the first year fees.

Only available to Americans I think.

 

[SIDA!]

Gold is trading at a 13-year low. Anyone put any money into physical gold?

I am just starting to research and have found www.apex.com as a precious metals dealer that seems to have some decent offerings. Obviously the key when buying a commodity is getting a price as close to spot as possible. I know there are ETFs that try to mimic the spot price, but I am talking about buying and taking delivery of gold/platinum/silver.

you mean www.ampex.com ????

Yes. Any of your guys buy physical?

what would be the upside of physical metal?

ETF IAU can be had at such a low expense ratio and is so liquid... i can't imagine wanting the real thing unless you're a conspiracy theorist who wants something of value if a massive war broke out and the financial system collapsed and you needed guns and gold

The upside to physical metal comes into play when we see depositories and pools go bust.

GM's baby bitgold has to overcome the natural reluctance to store elsewhere when you see places like bulliondirect and others go broke. Because they leveraged their assets, those folks who thought they had physical assets to back their claim discovered they did not and were thrown into the ordinary creditor pool. There's thought that most of the gold ETF's are leveraged and if there ever was a run on physical delivery they would fail.

The thought is at some point COMEX fails on delivery and people start demanding physical. Any ETF that's leveraged can't provide and the bottom falls out. At this point there is a real price difference between physical and paper.

I have never really understood the idea of fake "owning" gold and not having the real thing...if you are truly looking to use it has a hedge for if/when things go bad.

This is kind of where I am at. If things go bad...none of you who think you own gold will ever get your gold. You will get some KY Jelly instead...maybe.

Here's the thing, what is there to like about the American economy and the American dollar? Fake low unemployment numbers with historic numbers out of the workforce and underemployed. Record numbers on some form of entitlements. A new economy built apparently on the notion that interest rates will be 0% for life. Inflated stock market and real estate prices propped up by 0% interest rates. Unchecked legal and illegal immigration. A continuing fracture in the state of America culturally (e.g. red vs blue states for ultra simplistic clarity).

Do we want to talk about debt and deficits?

If you are bullish on America over the next 20 years, I would love to hear some arguments for this to walk me off the ledge. LOL

 

[Dentist]

Gold is trading at a 13-year low. Anyone put any money into physical gold?

I am just starting to research and have found www.apex.com as a precious metals dealer that seems to have some decent offerings. Obviously the key when buying a commodity is getting a price as close to spot as possible. I know there are ETFs that try to mimic the spot price, but I am talking about buying and taking delivery of gold/platinum/silver.

you mean www.ampex.com ????

Yes. Any of your guys buy physical?

what would be the upside of physical metal?

ETF IAU can be had at such a low expense ratio and is so liquid... i can't imagine wanting the real thing unless you're a conspiracy theorist who wants something of value if a massive war broke out and the financial system collapsed and you needed guns and gold

The upside to physical metal comes into play when we see depositories and pools go bust.

GM's baby bitgold has to overcome the natural reluctance to store elsewhere when you see places like bulliondirect and others go broke. Because they leveraged their assets, those folks who thought they had physical assets to back their claim discovered they did not and were thrown into the ordinary creditor pool. There's thought that most of the gold ETF's are leveraged and if there ever was a run on physical delivery they would fail.

The thought is at some point COMEX fails on delivery and people start demanding physical. Any ETF that's leveraged can't provide and the bottom falls out. At this point there is a real price difference between physical and paper.

I have never really understood the idea of fake "owning" gold and not having the real thing...if you are truly looking to use it has a hedge for if/when things go bad.

This is kind of where I am at. If things go bad...none of you who think you own gold will ever get your gold. You will get some KY Jelly instead...maybe.

Here's the thing, what is there to like about the American economy and the American dollar? Fake low unemployment numbers with historic numbers out of the workforce and underemployed. Record numbers on some form of entitlements. A new economy built apparently on the notion that interest rates will be 0% for life. Inflated stock market and real estate prices propped up by 0% interest rates. Unchecked legal and illegal immigration. A continuing fracture in the state of America culturally (e.g. red vs blue states for ultra simplistic clarity).

Do we want to talk about debt and deficits?

If you are bullish on America over the next 20 years, I would love to hear some arguments for this to walk me off the ledge. LOL

Agree, bro. Terrible looking economy.. unless you consider about 98% of other countries.. then it looks pretty good.

I'd say it's time to head out to Norway or something though if I were you.

 

[Dentist]

Gold is trading at a 13-year low. Anyone put any money into physical gold?

I am just starting to research and have found www.apex.com as a precious metals dealer that seems to have some decent offerings. Obviously the key when buying a commodity is getting a price as close to spot as possible. I know there are ETFs that try to mimic the spot price, but I am talking about buying and taking delivery of gold/platinum/silver.

you mean www.ampex.com ????

Yes. Any of your guys buy physical?

what would be the upside of physical metal?

ETF IAU can be had at such a low expense ratio and is so liquid... i can't imagine wanting the real thing unless you're a conspiracy theorist who wants something of value if a massive war broke out and the financial system collapsed and you needed guns and gold

That's one part of the reason. Very unlikely but oh man will you want it instead of anything paper if everything goes to ####. Is that worth a couple %?

I'm probably going to die anyway if something that extreme happens. I'm not really a survivor. I don't have/own/want any guns. I don't keep any physical metals around, I don't have the CostCo year supply of dried food in my nuclear proof bunker, and I'm fairly weak physically so i'm not going to fight my way to the top.

So, having accepted I have no chance in this apocalyptic USA which I envision looks like the alternate 1985 from Back to the Future 2, I'm going to go ahead and skip the hassle and stick with the ETF.

 

[Franknbeans]

I bought some silver stock a few months ago as a hedge against the US dollar. So far, I'm down 1.5 K.

 

[chet]

I bought some silver stock a few months ago as a hedge against the US dollar. So far, I'm down 1.5 K.

The problem with silver is that once you buy anything meaningful, storage and transportation become a real problem. 1000 oz ingots start taking up room fast and are heavy.

 

[Warrior]

Gold is trading at a 13-year low. Anyone put any money into physical gold?

I am just starting to research and have found www.apex.com as a precious metals dealer that seems to have some decent offerings. Obviously the key when buying a commodity is getting a price as close to spot as possible. I know there are ETFs that try to mimic the spot price, but I am talking about buying and taking delivery of gold/platinum/silver.

you mean www.ampex.com ????

Yes. Any of your guys buy physical?

what would be the upside of physical metal?

ETF IAU can be had at such a low expense ratio and is so liquid... i can't imagine wanting the real thing unless you're a conspiracy theorist who wants something of value if a massive war broke out and the financial system collapsed and you needed guns and gold

That's one part of the reason. Very unlikely but oh man will you want it instead of anything paper if everything goes to ####. Is that worth a couple %?

Because gold tastes so good, right?

 

[johnnycakes]

Gold is trading at a 13-year low. Anyone put any money into physical gold?

I am just starting to research and have found www.apex.com as a precious metals dealer that seems to have some decent offerings. Obviously the key when buying a commodity is getting a price as close to spot as possible. I know there are ETFs that try to mimic the spot price, but I am talking about buying and taking delivery of gold/platinum/silver.

you mean www.ampex.com ????

Yes. Any of your guys buy physical?