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Question on Gold/Silver VS Gold Silver Commodities

Singular

Singular

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I've been hearing a lot about buying Gold/Silver(coins, bullion, etc.)recently and wanted to possibly get into it. Some told me the real money is in learning and trading the Commodities of Gold and Silver, not owning and selling the actual metal. My question is have any of you out there gotten into this and what are your experiences with each? What are the pitfalls and what are the benefits? Thanks in advance.
 
I look forward to reading a reply from someone experienced in the field.

My 2 cents... Whether you invest in the actual metal or commodity is dependent on why you are investing. I have clients who have purchased gold because they are survivalist and that's one of their ways to fund the post-governmental collapse (actual gold bars). If you are in it for the money then commodities is probably better but I don't know. I have moved gold for a client or two who wanted bars. Nice for me but for the purchaser its dependent on the floating value of gold.

I will do some research and see if I have a guy who can explain it for you.

My Best
 
In 82 I would buy gold coins and was paying between $400.00 to $470.00 and then I stopped. I had eight 1 oz Krugerrand coins and last month I received almost #5000.00 for five of them. Now when I have the funds I buy Silver coins and 10oz bars. In the 80's the shit was only $8.00 to $12.00 and it is in the $20.00 per oz.

I don't know anything about Commodities or Stocks. I know the shit I can put my hands on... Real Estate, Coins & Bars and pussy. :D
 
dirty_larry said:
I look forward to reading a reply from someone experienced in the field.

My 2 cents... Whether you invest in the actual metal or commodity is dependent on why you are investing. I have clients who have purchased gold because they are survivalist and that's one of their ways to fund the post-governmental collapse (actual gold bars). If you are in it for the money then commodities is probably better but I don't know. I have moved gold for a client or two who wanted bars. Nice for me but for the purchaser its dependent on the floating value of gold.

I will do some research and see if I have a guy who can explain it for you.

My Best
Click to expand...

Thanks man, let me know what they have to say!
 
Lick said:
In 82 I would buy gold coins and was paying between $400.00 to $470.00 and then I stopped. I had eight 1 oz Krugerrand coins and last month I received almost #5000.00 for five of them. Now when I have the funds I buy Silver coins and 10oz bars. In the 80's the shit was only $8.00 to $12.00 and it is in the $20.00 per oz.

I don't know anything about Commodities or Stocks. I know the shit I can put my hands on... Real Estate, Coins & Bars and pussy. :D
Click to expand...

Do you pick up the bullion and coins from physical stores, buy online, or both? How much over market should I expect to pay?
 
Singular said:
Do you pick up the bullion and coins from physical stores, buy online, or both? How much over market should I expect to pay?
Click to expand...

I am interested as well in this response.

I have moved gold bars for clients before, but bullion and coins. I did have a guy moving gold from the smaller mines in Africa for a time. This (in my opinion) is the best setup. Cash and gold meet at a refinery who test and value the gold. Gold to refinery, cash to empty handed gold carrier and a % of cash to me for orchestration. Once refined and into bars the buyer walks away heavy and happy.

My Best
 
Singular said:
Do you pick up the bullion and coins from physical stores, buy online, or both? How much over market should I expect to pay?
Click to expand...

pick up the actual silver/gold in hand. dont buy from ebay or craiglist because phony silver and gold coins and bars are showing up at both. go to a reputable numismatic dealer in your area. you can also try www.kitco.com. DO NOT BUY CERTIFICATES----THATS JUST PAPER!!! get the actual physical commodity in hand. if your in atlanta- larry jackson numismatic on roswell rd. also there is an older thread talking about buying gold and silver. you really want silver right now!!!!!
 
silver eagles are about 2.50 -$ 3.50 over spot price . the more you buy the more you can negotiate .begin once you're over 3-4 thousand. they also have something called "rounds", it's silver coins but not from a government mint like canada,u.s. ,briton...... i would stay away from them....yes they cost a couple dollars less but you cant get rid of them when you want to sell .
 
Singular said:
Do you pick up the bullion and coins from physical stores, buy online, or both? How much over market should I expect to pay?
Click to expand...

I use to go to a trader on Wilshire Boulevard here in L.A. but lately I buy online with gas being $4.oo and shit and I never pay more than 3% above market. It's a good thing to buy and put in a safe for a later date. :yes:
 
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EGO-TRIP said:
pick up the actual silver/gold in hand. dont buy from ebay or craiglist because phony silver and gold coins and bars are showing up at both. go to a reputable numismatic dealer in your area. you can also try www.kitco.com. DO NOT BUY CERTIFICATES----THATS JUST PAPER!!! get the actual physical commodity in hand. if your in atlanta- larry jackson numismatic on roswell rd. also there is an older thread talking about buying gold and silver. you really want silver right now!!!!!
Click to expand...

Just wanted to echo this... You want whatever you buy in your hands!! You want to check out your source of the precious metal thoroughly OR make the exchange at a reputable dealer or refinery where the gold can be tested before the exchange.

My Best-
 
dirty_larry said:
Just wanted to echo this... You want whatever you buy in your hands!! You want to check out your source of the precious metal thoroughly OR make the exchange at a reputable dealer or refinery where the gold can be tested before the exchange.

My Best-
Click to expand...

So true! When I think of ebay or craiglist the very first thing that comes to my mind is this World is filled with suckers that blow their money on someone's else trash! :smh:
 
I was a commodities broker for 10 years. I've seen everything. Commodities is risky but can be rewarding at the same time if you're on the right side of the fence and you watch your risk. A futures contract (or position) runs about $4,300 or $2,150 if you pull out by the end of the day. This is for each position. Every 10 cent move equals $10 in real money. If the market moves a dollar that will equal $100 in real money. On an average day the market may fluctuate $10 to $20 a day. Which could equal profits of $1,000 to $2,000 a day. Remember I said it can be rewarding if you are on the right side of the fence? If you are on the wrong side of the fence and you are not protecting your risk, you could lose $1,000 to $2,000. There are other ways to play the market with options, but its like watching paint dry. There is also a risk associated with these as most of them expire worthless.



Ok, now on to Gold Bullion..... These are more for guys that want to buy and hold. You don't sell these very often. They also don't have the risk associated with them like commodities / futures markets. It all comes down to a matter of preference.

I'll post some more on the subject if want.
 
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