How Much Of One's Cash Assets Should Be Put Into Precious Metals?

[HKSig]

They also offer discounts for bulk purchases. When I buy silver, I try to buy 100 coins at a time. The minimum I buy from them is a tube's worth - either 20 or 25 coins depending on the country of origin of the coins. I likely would not buy rounds or bars unless put out by a country's mint.

That they do; I'll buy a tube too. The more you buy at once, the cheaper it gets.
I'll buy rounds and bars that aren't government minted, but from known defunct mints (like Swiss of America; very collectible, but not usually a huge premium, but can be) and known dealers. And one or two of a design from a current mint; no discount for quantity, but nice designs that are hard to find at the big online dealers.

 

[IXLR8]

It seems like I have said this too many times here.

Currency is not a reliable investment. Here is my proof. In 1980 the Zimbabwe dollar was on par with the US dollar 1 USD = 1 ZWD. A poorly run government caused their currency to lose value. You would think that it would take a long time to happen, but not necessarily.

By 1997 the exchange rate had changed. In my wildest dreams I could not imagine by how much. When the currency stopped trading the Zimbabwe dollar was trading at 1 USD = 100,000,000,000,000 ZWD (yes, 100 Trillion).

The government here has been financing with millions, then billions, but this administration is asking for Trillions.

I bought a few of the Zimbabwe 100 trillion dollar bills to light a cigar with, because I could. During that time precious metals lost no value.

 

[HKSig]

It seems like I have said this too many times here.

Currency is not a reliable investment. Here is my proof. In 1980 the Zimbabwe dollar was on par with the US dollar 1 USD = 1 ZWD. A poorly run government caused their currency to lose value. You would think that it would take a long time to happen, but not necessarily.

A friend bought a bunch ($1,000 US?) of Iraqi dinar. He thinks it'll get revalued and be worth something. Some day soon. He's still waiting.

 

[msharley]

Copper. Lead. Brass.

 

[Grumps21]

I really think silver is going to jump in demand, and therefore in value. Not only due to its spot as a currency and investment metal, but also due to developing technologies. We’ve got a lot of stuff being automated, electric cars, the list goes on. Silver is an excellent conductor, and I see silver being used in production as increasing exponentially. Some 20-30 years ago, we saw platinum being used as a catalyst in emission systems, hence the catalytic converter thefts. I think they’ve moved to some sort of ceramic to use in that application now, but I see that same happening with silver. Also, I see copper going up because it’s relatively cheap compared to other metals

 

[no2gates]

"Precious Metals", that's code word for ammo, right?

 

[pronstar]

I really think silver is going to jump in demand, and therefore in value. Not only due to its spot as a currency and investment metal, but also due to developing technologies. We’ve got a lot of stuff being automated, electric cars, the list goes on. Silver is an excellent conductor, and I see silver being used in production as increasing exponentially. Some 20-30 years ago, we saw platinum being used as a catalyst in emission systems, hence the catalytic converter thefts. I think they’ve moved to some sort of ceramic to use in that application now, but I see that same happening with silver. Also, I see copper going up because it’s relatively cheap compared to other metals

Solar panels also


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[pronstar]

Ive never heard of “paper gold” until your post. Idk why someone would buy that in place of physical gold

Oh that’s an easy one…it’s because people are fools


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[TheDan]

Remember when the dollar was paper gold and then FDR said "ok it's still paper gold, but only banks are allowed to trade it for gold", and then a few decades later a bunch of banks tried to trade it for gold, but Nixon said "never mind, it's not paper gold"? That was fun.

 

[Glenn B]

I think I will be making a sizable purchase of bullion in the future - up to about 18 % of my current cash; however, that will have to wait until I work up the courage to spend that much of my cash and buy at the market's prices at whatever time. I will wait a bit to see if prices start to fall, if not then I thiink I will buy away regardless. Right now though, I am jot certain to buy or not and my big problem (and sometimes my biggest blessing) has always been I am THE Great Procrastinator when it comes to things like finances.

 

[Renegade]

Remember when the dollar was paper gold and then FDR said "ok it's still paper gold, but only banks are allowed to trade it for gold", and then a few decades later a bunch of banks tried to trade it for gold, but Nixon said "never mind, it's not paper gold"? That was fun.

No I do not remember that.

I do think I read about it in ancient history book.
:-)

 

[billtool]

It seems like I have said this too many times here.

Currency is not a reliable investment. Here is my proof. In 1980 the Zimbabwe dollar was on par with the US dollar 1 USD = 1 ZWD. A poorly run government caused their currency to lose value. You would think that it would take a long time to happen, but not necessarily.

By 1997 the exchange rate had changed. In my wildest dreams I could not imagine by how much. When the currency stopped trading the Zimbabwe dollar was trading at 1 USD = 100,000,000,000 ZWD (yes, 100 Trillion).

The government here has been financing with millions, then billions, but this administration is asking for Trillions.

I bought a few of the Zimbabwe 100 trillion dollar bills to light a cigar with, because I could. During that time precious metals lost no value.

View attachment 303988

100,000,000,000 isn’t a trillion. Just sayin’.

 

[Glenn B]

Remember when the dollar was paper gold and then FDR said "ok it's still paper gold, but only banks are allowed to trade it for gold", and then a few decades later a bunch of banks tried to trade it for gold, but Nixon said "never mind, it's not paper gold"? That was fun.

Just how old are you!

 

[TexasRedneck]

Just how old are you!

Or he's actually studied history rather than worry about the price of 22 shells.....

 

[IXLR8]

100,000,000,000 isn’t a trillion. Just sayin’.

You are correct! The government seems to have lost count of the zeros as well. It was right on the bill below it.

 

[msharley]

No I do not remember that.

I do think I read about it in ancient history book.
:-)

Ask yer Grand Dad!

In addition to the "Great Gold Swindle" that great Prez, Richard M NiXon sent gas prices from 19 cents to 50 cents/gallon...

OH! Lest I ferget...Nixon made COMMUNIST CHINA a "most favored nation" in trade status...

 

[Lonesome Dove]

If your talking precious metals such as classic cars then I see something worth investing in.

 

[gll]

Gold seems to be moving today... Fear of Russian invasion of Ukraine on Wednesday?

 

[TheDan]

Gold seems to be moving today... Fear of Russian invasion of Ukraine on Wednesday?

Probably a reaction to the Fed's emergency meeting. Hasn't really been a huge move, tho... less than 1%. At least so far.

 

[m5215]

FYI - U.S. Gold Bureau (https://www.usgoldbureau.com) has reasonable prices on silver rounds and they are based here in TX. Only a 99$ purchase or more gets you free shipping and you get a discount if you pay by having the money sent directly from your bank account rather than using a credit card. Also of course no tax on precious metal purchases here in TX.