Anyone buy Bullion?

V8Beatr · 07-21-2012, 09:38 PM

I've been thinking about investing in some 50 and 100 ozt bars of Silver and a few oz of gold, In Bullion/Coin form. Do any of you keep a percentage of your net worth in Bullion?

If so, any advice, tips, warnings? I've got a huge gun safe so storage won't be an issue.

shipill · 07-22-2012, 12:13 AM

I'd buy gold certificate or bullion stock such as SLV and GLD

MisterSkiMask · 07-22-2012, 12:16 AM

I have both chicken and beef.

PINeely · 07-22-2012, 11:34 AM

I buy Krugerrands and keep them along with some cash in my safe.

udm328i · 07-22-2012, 11:56 AM

u should invest in seeds and bullets

V8Beatr · 07-22-2012, 12:02 PM

Quote:

Originally Posted by PINeely

I buy Krugerrands and keep them along with some cash in my safe.

What is a Krugerrand?

I found out what a Krugerrand is, it's hold currency from Africa. The only problem with buying gold right now is the insane price. Silver however is undervalued right now.

V8Beatr · 07-22-2012, 12:03 PM

Quote:

Originally Posted by GHOSTDOG

u should invest in seeds and bullets

Already did, plenty of both.

V8Beatr · 07-22-2012, 12:04 PM

Quote:

Originally Posted by MisterSkiMask

I have both chicken and beef.

The internets seems to be too much for you to handle?

07-22-2012, 11:06 PM

Quote:

Originally Posted by V8Beatr

I've been thinking about investing in some 50 and 100 ozt bars of Silver and a few oz of gold, If so, any advice, tips, warnings?

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Epacy2 · 07-23-2012, 08:44 AM

http://www.gainesvillecoins.com/

This place has the lowest price over spot. Other co-workers and family have used this place with no problems. Their shipping is a little slow, but the product is legit.

ianbiz · 07-29-2012, 09:49 PM

can we continue this thread?

bosstones · 07-29-2012, 10:00 PM

Quote:

Originally Posted by Epacy2

http://www.gainesvillecoins.com/

This place has the lowest price over spot. Other co-workers and family have used this place with no problems. Their shipping is a little slow, but the product is legit.

This may seem ignorant to those that buy into precious metal coins, bars, etc... but, wow....I didn't realize how involving it can get. There is far more 'variety' than I would've guessed. I had always played with the idea of picking up some coinage or bars but never got serious about it. Is there any reason one would buy coins over bars (assuming equal weight)?

Deep Z4 · 07-30-2012, 01:01 AM

Speaking as a person in the jewllery industry here in Canada - I wouldn't be buying gold for investment. It's too volatile right now. Plus it seems to have flat lined around the $1600 USD mark.

Gold is inversely proportional to the economy. If the economy is bad and people don't have confidence in it, they buy gold. The opposite is true when the economy is doing well - they don't pay attention to gold.

In Canada, we've not been hit early as hard as the US. That being said, our indicators are that things are on the mend - slowly - but mending none the less. Personally, I think gold will drop over time right now versus going even higher.

Just my opinion. I've got my investments with other stuff like mortgage pools, etc.

Terraforce1 · 07-30-2012, 09:22 AM

I too buy krugerrands as they are made in SA, I also purchase gold coin sets with low mintages. With krugerrands they fluctuate in price along with the gold spot price. What I like with the coin sets is they gain value year on year. So as a long term investment they are fantastic. I have 5 sets that I plan on keeping for 8-10 years.

07-21-2012, 09:38 PM	#1
V8Beatr Private 8 Rep 65 Posts Drives: 2011 135i Join Date: May 2011 Location: Jax, FL iTrader: (0)	Anyone buy Bullion? I've been thinking about investing in some 50 and 100 ozt bars of Silver and a few oz of gold, In Bullion/Coin form. Do any of you keep a percentage of your net worth in Bullion? If so, any advice, tips, warnings? I've got a huge gun safe so storage won't be an issue. __________________ BMWP Exhaust, BMP Suspension, M3 Front Sway, Scopione CF Diffuser, 1Addicts.com sticker = + 50HP
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07-22-2012, 12:13 AM	#2
shipill Major 440 Rep 1,292 Posts Drives: F10 528 Join Date: Jan 2007 Location: East iTrader: (7)	I'd buy gold certificate or bullion stock such as SLV and GLD
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07-22-2012, 12:16 AM	#3
MisterSkiMask Banned 149 Rep 2,014 Posts Drives: I Can not say Join Date: Nov 2005 Location: you must not know iTrader: (0)	I have both chicken and beef.
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07-22-2012, 11:34 AM	#4
PINeely Lieutenant Colonel 1080 Rep 1,912 Posts Drives: 2013 535i, 2015 Tundra 1794 Join Date: Jul 2009 Location: Jackson, MS iTrader: (2)	I buy Krugerrands and keep them along with some cash in my safe.
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07-22-2012, 11:56 AM	#5
udm328i Lieutenant 58 Rep 503 Posts Drives: e92 Join Date: Jun 2009 Location: Westchester🇺🇸 iTrader: (3) Garage List 2008 BMW 328i [9.00]	u should invest in seeds and bullets __________________ ZSP/ZPP/BMW PE&PI/ BMW CF STRUT BRACE/ EIBACH PRO SYSTEM / H&R WHEEL SPACERS
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07-23-2012, 08:44 AM	#10
Epacy2 Major 151 Rep 1,398 Posts Drives: F85 X5M Join Date: Jan 2009 Location: KC iTrader: (1) Garage List 2008 M3 [0.00] 2008 M3 [0.00]	http://www.gainesvillecoins.com/ This place has the lowest price over spot. Other co-workers and family have used this place with no problems. Their shipping is a little slow, but the product is legit.
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07-29-2012, 09:49 PM	#11
ianbiz Back in a BMW 208 Rep 5,208 Posts Drives: 2015 335i Msport Join Date: Jul 2007 Location: Dallas, TX iTrader: (8)	can we continue this thread? __________________ Ian
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07-30-2012, 01:01 AM	#13
Deep Z4 Private 3 Rep 60 Posts Drives: 2007 Z4 3.0si Join Date: May 2012 Location: Milton, ON iTrader: (0)	Speaking as a person in the jewllery industry here in Canada - I wouldn't be buying gold for investment. It's too volatile right now. Plus it seems to have flat lined around the $1600 USD mark. Gold is inversely proportional to the economy. If the economy is bad and people don't have confidence in it, they buy gold. The opposite is true when the economy is doing well - they don't pay attention to gold. In Canada, we've not been hit early as hard as the US. That being said, our indicators are that things are on the mend - slowly - but mending none the less. Personally, I think gold will drop over time right now versus going even higher. Just my opinion. I've got my investments with other stuff like mortgage pools, etc.
	Appreciate 0 Quote

07-30-2012, 09:22 AM	#14
Terraforce1 If you ain't first, you're last! 7 Rep 580 Posts Drives: '14 Boxster GTS + 14' 1199 S Join Date: Feb 2011 Location: Europe iTrader: (0)	I too buy krugerrands as they are made in SA, I also purchase gold coin sets with low mintages. With krugerrands they fluctuate in price along with the gold spot price. What I like with the coin sets is they gain value year on year. So as a long term investment they are fantastic. I have 5 sets that I plan on keeping for 8-10 years.
	Appreciate 0 Quote