Message from @ophiuchus
Discord ID: 487837177250578443
I'm probably too optimistic, but I think the market correction will eventually favor silver, but I don't anticipate living to see gold more sought after than silver.
So, you will see a higher percentage increase in value for silver than gold IMHO
Gold may go up 10x current valuation, but Silver may go up 100x...so I buy what I can afford, and I'm heavy silver, but I like gold too.
I admit, it is pure speculation. I have bought in to all the myths. I believe them all to have truth.
Do you dabble in any of the more obscure ones? Like platinum, even palladium etc.
I don't because they haven't had monitary history, but they have a great deal of value, very market specific.
palladium is tricky
there isn't much in the world
The physical investing community seems to be heavily right-wing, certainly more so than general investing people I deal with. I was also easily the only person under 25 in that shop. Think the owner was surprised I knew what a “spot price” was.
it spiked last because someone at GM couldn't get platinum for an order, and found out palladium was as effective in CatConverters, so he bought all he could (like half the world's supply) and the market reacted
Oof wow
Yeah, I always check before I walk in just in case...but over time I have built a relationship with my dealer. In CA they have to collect tax on sales of metals, but with frequent purchases they've come to say, "we'll cover that this time" pretty often. Even worked on some hobby stuff with them.
Typical markup for the shop is 3-5%
Tax here as well, unfortunately
What is it there?
like 9% i think...it's a scam
It’s 9% here too
The beauty is, if I have to leave CA, I take it all with me. It's not in a bank.
I mean, sucks it’s nine everywhere, good they’re not absolutely gouging you in CA though
All mine’s in a safe bolted to the floor lmao
wew
I garden late at night sometimes.
Do inventory occasionally.
@Argument of Perigee got me fired up to count my treasure. He has me beat to be sure, but you feel like a king having what people used to suffer all day to get....until 1913 a dime was a days pay...a silver dime.
No one’s stolen my plants this year, which owns. Last year I put a tomato plant out in the courtyard outside my window and someone stole it. Not the tomatoes off the plant, just picked up the pot and dabbed out.
jerks
Quarters were silver up until 67 or so, right?
Were dimes the same?
64
The old mercury dimes had an awesome aesthetic
but 65 there are some 40% coins...I think half dollars.
Markup on coins vs bullion shift...some months dimes and quarters have a higher premium to people than the metal.
You could watch the trends and sell on craigslist to people and buy bullion with it...but I just buy what's cheap usually.
I think all the silver but a bit I have are maple leaves
I have a few American silver dollars and a 2oz turtle from Niue
They're pretty, but I don't like Queen Liz
I have a bunch of Canadian, they were sterling until sometime in the 40s I think, then 80 until late 60s I think...don't remember the years but I got that because it was AT SPOT...
Other than that I get generic rounds.
I have a tube or two of Eagles, but they're not my fav.
I’d love to get my hand on some Krugerrands one day