Money Best place to buy gold, silver, precious metals?

WV · 02-27-2011, 05:27 PM

So there's a thread in DC talking about investing in precious metals and I'm thinking about starting to buy the kids some silver. So I'm wondering where a good place is to buy it? A guy at work suggested this place.http://bullion.nwtmint.com/index.php
Anyone have any place better or tips about buying?

'Hamas' Jenkins · 02-27-2011, 05:30 PM

Always get in during the middle of a speculative bubble. Nothing ever goes wrong when that happens.

**CrazyPhuD** · 02-27-2011, 05:31 PM

I buy all mine bullion off the back of a truck.

KurtCobain · 02-27-2011, 05:53 PM

Just hit a brinks.

02-27-2011, 05:55 PM

I have some gold I would sell you.

R8RFAN · 02-27-2011, 06:04 PM

“Gold is going up because people are buying it, and people are buying it because it’s going up,”

**alnorth** · 02-27-2011, 06:20 PM

You should buy beautiful shaped pieces (or coins) of gold, silver, platinum, etc as works of art to be displayed (securely) and admired. If your metallic work of art goes up in value then great, if not, oh well.

If you insist on looking at it as some sort of investment, then you might want to put 3-5% into it as a commodity inflation hedge, but you'd be better off going with some sort of precious metals ETF rather than aquiring the actual metal so you don't have to pay a broker, store it, pay a big fat discount to sell to a dealer, etc.

On top of that, if you make a profit off selling precious metals, you get to pay the bigger tax rate on collectibles instead of getting capital gains tax treatment on stocks. Not sure if that applies to ETF's or not, I've heard conflicting stories on the tax treatment of precious metals ETF and I'm not an accountant.

whatsmynameagain · 02-27-2011, 06:32 PM

Fools gold. Invest in something useful.

WV · 02-27-2011, 06:37 PM

Quote:

Originally Posted by alnorth

You should buy beautiful shaped pieces (or coins) of gold, silver, platinum, etc as works of art to be displayed (securely) and admired. If your metallic work of art goes up in value then great, if not, oh well.

If you insist on looking at it as some sort of investment, then you might want to put 3-5% into it as a commodity inflation hedge, but you'd be better off going with some sort of precious metals ETF rather than aquiring the actual metal so you don't have to pay a broker, store it, pay a big fat discount to sell to a dealer, etc.

On top of that, if you make a profit off selling precious metals, you get to pay the bigger tax rate on collectibles instead of getting capital gains tax treatment on stocks. Not sure if that applies to ETF's or not, I've heard conflicting stories on the tax treatment of precious metals ETF and I'm not an accountant.

Thanks this is some of what I was looking for. I actually did think about what to do with the actual silver pieces once i had them and wasn't sure. It's like everything else, sure it has a value but getting that actual value is another story. Starting to rethink this unless it's merely for the novelty of owning some Stage Coach Silver.

**alnorth** · 02-27-2011, 07:34 PM

Quote:

Originally Posted by WVChiefFan

Thanks this is some of what I was looking for. I actually did think about what to do with the actual silver pieces once i had them and wasn't sure. It's like everything else, sure it has a value but getting that actual value is another story. Starting to rethink this unless it's merely for the novelty of owning some Stage Coach Silver.

yeah, I'm not saying that people who buy gold and silver are idiots, they just have to know what they are doing, recognizing that buying and selling metal is expensive and taxing.

Someday if I had a bunch of money, I think I might get some really cool gold and silver coins and art, but I'll be looking at them like I would a painting. I'd aquire them because they look nice, they'd be something to show off and brag about to family and friends, but I'd plan on dying with those metallic works of art.

If I was very paranoid about the dollar and I decided I really wanted precious metals as an inflation hedge (not just gold, but diversify into all precious metals), then I'd buy a precious metals ETF. Let someone else store the metal in a heavily-guarded vault, and where I don't have to pay a massive load if I want to sell.

Hog's Gone Fishin · 02-27-2011, 07:38 PM

Buying precious metals is stupid. The Annunaki are due to arrive in a few months and they're gonna harvest it all. Money wasted. Buy Beans and rice.

**alnorth** · 02-27-2011, 07:58 PM

Also, for those thinking that buying the actual metal is a good thing, not for the artistic "nice to have" value, but so they have some currency when the world ends and we're at economic doomsday (so they'd be suspicious about buying an ETF), my response to that is: don't buy gold, buy guns. Lots and lots of guns. If that actually happens and we're living the Mad Max life, people wont care as much about metal.

WV · 02-27-2011, 09:35 PM

Quote:

Originally Posted by alnorth

my response to that is: don't buy gold, buy guns. Lots and lots of guns.

Can I get you to talk to my wife!

WV · 02-27-2011, 09:38 PM

Quote:

Originally Posted by alnorth

yeah, I'm not saying that people who buy gold and silver are idiots, they just have to know what they are doing, recognizing that buying and selling metal is expensive and taxing.

And I wasn't necessarily thinking of buying silver totally for the investment aspect, I think some of it is neat to look at and would be a cool thing to put up for the kids. If they chose to sell it then it would be their headache. I guess I thought of it as similar to buying savings bonds in a way.

KurtCobain · 02-27-2011, 09:39 PM

Quote:

Originally Posted by Hog Farmer

Buying precious metals is stupid. The Annunaki are due to arrive in a few months and they're gonna harvest it all. Money wasted. Buy Beans and rice.

And helmets.

02-27-2011, 05:27 PM
WV Veteran Join Date: Feb 2010 Location: In the Holler Casino cash: $10004950	Best place to buy gold, silver, precious metals? So there's a thread in DC talking about investing in precious metals and I'm thinking about starting to buy the kids some silver. So I'm wondering where a good place is to buy it? A guy at work suggested this place.http://bullion.nwtmint.com/index.php Anyone have any place better or tips about buying?
Posts: 4,983

02-27-2011, 05:30 PM	#2
'Hamas' Jenkins Now you've pissed me off! Join Date: Jan 2006 Casino cash: $7959572	Always get in during the middle of a speculative bubble. Nothing ever goes wrong when that happens. __________________ "When the Know-Nothings get control, it will read 'all men are created equal, except negroes, and foreigners, and Catholics.' When it comes to this I should prefer emigrating to some country where they make no pretense of loving liberty – to Russia, for instance, where despotism can be taken pure, and without the base alloy of hypocrisy.”--Abraham Lincoln
Posts: 74,848

02-27-2011, 05:31 PM	#3
CrazyPhuD Meow Join Date: Jun 2005 Casino cash: $10005050	I buy all mine bullion off the back of a truck. __________________ "Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a t*rd by the clean end"
Posts: 8,523

02-27-2011, 05:53 PM	#4
KurtCobain legend Join Date: Oct 2006 Location: Independence, MO Casino cash: $-1747903	Just hit a brinks.
Posts: 28,382

02-27-2011, 05:55 PM	#5
Phobia Guest Casino cash: $	I have some gold I would sell you.
Posts: n/a

02-27-2011, 06:04 PM	#6
R8RFAN Molôn Labé Join Date: Sep 2001 Location: North Carolina Casino cash: $8566872	“Gold is going up because people are buying it, and people are buying it because it’s going up,”
Posts: 23,166

02-27-2011, 06:20 PM	#7
alnorth . Join Date: Dec 2002 Casino cash: $57166239	You should buy beautiful shaped pieces (or coins) of gold, silver, platinum, etc as works of art to be displayed (securely) and admired. If your metallic work of art goes up in value then great, if not, oh well. If you insist on looking at it as some sort of investment, then you might want to put 3-5% into it as a commodity inflation hedge, but you'd be better off going with some sort of precious metals ETF rather than aquiring the actual metal so you don't have to pay a broker, store it, pay a big fat discount to sell to a dealer, etc. On top of that, if you make a profit off selling precious metals, you get to pay the bigger tax rate on collectibles instead of getting capital gains tax treatment on stocks. Not sure if that applies to ETF's or not, I've heard conflicting stories on the tax treatment of precious metals ETF and I'm not an accountant. __________________ how many emo kids does it take to change a lightbulb? HOW MANY?! none they just sit in the dark and cry Last edited by alnorth; 02-27-2011 at 06:33 PM..
Posts: 36,130

02-27-2011, 06:32 PM	#8
whatsmynameagain Banned Join Date: Jun 2008 Location: Monstropolis Casino cash: $10004900	Fools gold. Invest in something useful.
Posts: 1,214

02-27-2011, 07:38 PM	#11
Hog's Gone Fishin Fish are scared of me Join Date: Nov 2001 Casino cash: $1440477	Buying precious metals is stupid. The Annunaki are due to arrive in a few months and they're gonna harvest it all. Money wasted. Buy Beans and rice.
Posts: 40,392

02-27-2011, 07:58 PM	#12
alnorth . Join Date: Dec 2002 Casino cash: $57166239	Also, for those thinking that buying the actual metal is a good thing, not for the artistic "nice to have" value, but so they have some currency when the world ends and we're at economic doomsday (so they'd be suspicious about buying an ETF), my response to that is: don't buy gold, buy guns. Lots and lots of guns. If that actually happens and we're living the Mad Max life, people wont care as much about metal. __________________ how many emo kids does it take to change a lightbulb? HOW MANY?! none they just sit in the dark and cry
Posts: 36,130

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