I wanna cry

[SilverStacker]

I finally have the dough to buy some gold but its climbing back up with this tariff talk ; Its up almost 44% this year and I dont think its going to come back down. I think the markets have gold fever. The countries and Govt.'s most of all. They all want to stack gold by the ton leaving little guys like me, who just want a coin or two, on the side of the road holding a tin cup and a sign saying "will beg for gold".

And the thing is even at these ridiculous prices I think buying gold right now is the right move. Everything points to it going to $3,500 oz within a few weeks and $4,000 oz by the end of the year. Or sooner. And just last March I bought a oz Liberty for $3,000, then a few weeks later a 1 oz Eagle for $3,183, and its only May but dang ! aint they holding their own ? Now I'd like a ST Gaudens but the nicely graded ones from good years are thru the roof.

So whats your opinions ? Where is gold headed do you think ? Both the EU and China are digging their heels in, they liked things the way they were, and its a game of economic chicken right now. The markets are back down and the Govt.'s are all stacking gold by the pallets.

 

[Voodoo]

$10,000 / oz. But I'd buy Silver or Platinum instead. Unless you want fractional. I'd maybe look at still getting some Goldbacks.

 

[Casey Jones]

I finally have the dough to buy some gold but its climbing back up with this tariff talk ; Its up almost 44% this year and I dont think its going to come back down. I think the markets have gold fever. The countries and Govt.'s most of all. They all want to stack gold by the ton leaving little guys like me, who just want a coin or two, on the side of the road holding a tin cup and a sign saying "will beg for gold".

And the thing is even at these ridiculous prices I think buying gold right now is the right move. Everything points to it going to $3,500 oz within a few weeks and $4,000 oz by the end of the year. Or sooner. And just last March I bought a oz Liberty for $3,000, then a few weeks later a 1 oz Eagle for $3,183, and its only May but dang ! aint they holding their own ? Now I'd like a ST Gaudens but the nicely graded ones from good years are thru the roof.

So whats your opinions ? Where is gold headed do you think ? Both the EU and China are digging their heels in, they liked things the way they were, and its a game of economic chicken right now. The markets are back down and the Govt.'s are all stacking gold by the pallets.

Gold isn't going up.

The fiats of the world are crashing. Printing-press wealth is reverting to its true value - convenience for small-scale transactions.

What you're seeing is the shifting of arbitrage rates, gold-vis-a-vis-dollars, etc.

Now. IF you buy gold at the present rate...how can you get hurt?

Two ways I can think of: If government moves to outlaw/confiscate/control gold, making it inconvenient for private smallhold ownership, then the price will drop or will hold steady while buying power of fiat disappears steadily.

The other way, is if governments suddenly get religgion (Mark Twain) and begin honest financial and economic reform. We saw that in the early 1980s - a combination of reformers, who slowed the money-printing to less than growth of the GDP; and who limited credit expansion with crushing interest rates.

Dollars were the place for even medium-term investors, then. Gold was static, from 1982 to 2002 or so; while the DJIA and S&P all exploded. I made a nice pallet of money (not of my own insight) in those years - a $500 legacy stock given me, grew to over $35,000.

Do you see that happen? I see Millei in Argentina...AND THAT IS IT. Trump is being checkmated; and I expect plans to unfold this summer that will neutralize him, one way or another. The RINOpubicrat Government Party, has zero interest in anything except returning to the Good Times of Diaperman.

I wouldn't put my money in those goldbacks. When chaos really amps up, those aren't going to be of interest. Nor in Platinum or Palladium. The low-wattage types don't equate that to gold - but EVERYONE knows what gold is, and will quickly learn exchange rates when we enter the Wiemar stage.

I'd buy fractional coins, now - never mind the premium; you have a lower cost of entry. Gold will probably never be cheaper; but one thing NOT to do is put yourself over the edge on your PM buying.

You might want to stack more silver - that is historically underpriced, right now.

 

[Wellsburg]

Right now, I would rather buy 100 ounces of silver instead of one ounce of gold. I believe silver is undervalued compared to gold and has great upside potential.

Hopefully, the silver to gold price ratio goes back down very low so I can trade 30 or 40 ounces of silver for an ounce of gold. $4,000 gold and $100 silver would make me very happy.

 

[Casey Jones]

Right now, I would rather buy 100 ounces of silver instead of one ounce of gold. I believe silver is undervalued compared to gold and has great upside potential.

Hopefully, the silver to gold price ratio goes back down very low so I can trade 30 or 40 ounces of silver for an ounce of gold. $4,000 gold and $100 silver would make me very happy.

Someone just told me, silver, silver rounds or bars, is charged a GST in Canaduh. Those taxes are heavy - they can amount to about 30 percent of the value of any taxable product. Gold, by comparison, is not.

That's a HEAVY disincentive.

I'd also been told, long ago, that silver sales are to be taxed POS by states, and silver sellers to PM dealers, reported to the IRS. I don't know how factual it is; but it's believable that silver buyers are handled quite differently from gold buyers and sellers.

Simply because of the likely socio-economic bracket each are statistically likely to be in.

 

[Goldhedge]

Holding fiat is like holding sand.

I'd think about getting junk silver - pre 1965 US coin. 90% silver. Recognizable denominations in easily recognizable tradable units.

APMEX.com has 'em as do others.

 

[Casey Jones]

Holding fiat is like holding sand.

I'd think about getting junk silver - pre 1965 US coin. 90% silver. Recognizable denominations in easily recognizable tradable units.

APMEX.com has 'em as do others.

A reliable PM dealer helps.

I have a whole safe-full of junk silver, now.

 

[Joe King]

reported to the IRS.

All depends on what you're selling.

Eagles aren't as reportable as generics, for example. There's a set amount that above which, is reportable. It takes more Eagles to hit that limit)


Look at JM Bullions site. They have it broke down as to reportable quantiles for various types of PM's.

 

[Ttazzman]

i look at it this way.....33 paper $100 dollar bills in my left hand........1oz gold coin in my right hand......

a year from now which hand will buy more food??

who knows what the future will bring......but the past is extremely consistant dollars buy less every year since they were conceived with out exception

gold....on the other hand rises and falls ...yep its at a high...yep it might fall...

but one thing is certain...dollars will fall

personally i am opting for silver and platinum right now but i have plenty of gold in stock....platinum is fringe and more costly premium wise to buy and sell....so as mentioned by others...i would buy silver in its lowest premium form right now which is 90%.....but gold still isnt a bad play at all if you dont have much but i sure wouldnt by any gold that is slabbed/graded unless it was the same price as ungraded

totally my opinions which are not worth much LOL

 

[Unca Walt]

Holding fiat is like holding sand.

I'd think about getting junk silver - pre 1965 US coin. 90% silver. Recognizable denominations in easily recognizable tradable units.

APMEX.com has 'em as do others.

I stacked for more than 30 years. About 50-50 Gold/Silver. The silver is in rounds or US silver coins (NO "quasi-numismatic" $1 coins). Recognizable, fungible worldwide.

 

[Unca Walt]

All depends on what you're selling.

Eagles aren't as reportable as generics, for example. There's a set amount that above which, is reportable. It takes more Eagles to hit that limit)


Look at JM Bullions site. They have it broke down as to reportable quantiles for various types of PM's.

Just in case someone doesn't know:

You can take a Cashier's Check for up to $9,999 into your LCD and hand it over. My LCD helps me wheel the US coins out to my car.

There is NO REQUIRED GUMMINT NOTIFICATION OF THIS PURCHASE.

Keep it under $10K <-- Simple as that. Want to get more? Come back tomorrow with another Cashier's Check and get a couple of K-rands.

 

[nickndfl]

The US needs to print or the whole system will crash. FACT. Trump knows that and is juicing the economy with tax cuts without regard to deficit spending. Nobody will be buying bonds in large quantities until the stock market crashes because the value of bonds is decreasing and you will end up booking a loss if you need to sell for any reason. However, $7T of treasuries needs funding this year. Good luck with that. I hope they stick the FED with everything because they are responsible.

Buy the deal & spot offerings:

Bullion Exchanges

BE Spot Deals

BE Silver Spot

 

[SilverStacker]

The US needs to print or the whole system will crash. FACT. Trump knows that and is juicing the economy with tax cuts without regard to deficit spending. Nobody will be buying bonds in large quantities until the stock market crashes because the value of bonds is decreasing and you will end up booking a loss if you need to sell for any reason. However, $7T of treasuries needs funding this year. Good luck with that. I hope they stick the FED with everything because they are responsible.

Buy the deal & spot offerings:

Bullion Exchanges

BE Spot Deals

BE Silver Spot

Thanks for the links. I just spent a grand on silver, boring junk silver, some 1oz bars that interested me, a few coins at spot. And then I bought a spot 1 oz random Krugerrand. I really wanted a high value year, graded high, ST Gaudens but the prices are ridiculous for what is not even a 1oz coin.

I think what I just did made economic sense if not numismatic sense. $3,370 for a 1oz gold coin is about as good as it gets right now and we'll see where the market goes from here. Were the prices cheaper I'd have bought 2 or 3 but right now even 1 makes my knees knock. I'm not JP Morgan. But I did need more gold in my portfolio and just buying one leaves me wiggle room for my real passion and thats collecting.

I found some great places to buy coinage and currency covering events post WW1 and the era 1933 to 1939 that set up WW2.

 

[nickndfl]

I find the jewelry grade pre-1933 gold very interesting from $5 to $20. I don't get hung up on graded coins too much because #1 son who lives at home with no bills on a 6-fig salary from me has been buying up high graded (64-66+) pre-1933 at high premiums. So I get to see it while I fondle my own stuff that's been in the gutter.

In addition, Au price is forecast to be $6k by the end of Trump's presidency and any common dates graded lower than MS-63 will get melted like silver. Numismatics can get tricky. IF you want to reach, look for the best deal on a high grade CC Liberty or key date Indians.

Nothing like holding a stack of $20 gold pieces like poker chips or a stack of krugerrands from the 1970s. I don't pay more than spot + $10 any denomination (frequently +$6) for the pre-1933 and only buy the krugs at spot.

I try to buy an ounce or 2 of gold every quarter and always grab the spot 1oz silver deals from BE. I look first for any deals on fractional like 20 francs, 1/4 oz randoms or $5 commemoratives. That is the sweet spot. Then I go to $10 and 1/2 oz. Premiums on much of everything else not on sale are too high. I would say I own more foreign gold that US because it has a lower premium and gold is gold so they say here.

 

[nickndfl]

I should also mention that buying near spot is one of the best ways to purchase, but also think about resale and giving up a little more on the back end.

Figure that Bullion Exchange Sells random year 1oz AGEs for + 1.5% on sale and buys back @ -1.5% = a 3% spread.
If you buy a 1oz. Krugerrand at spot and they buy back @ -2% you net 1% more gold theoretically.

Review the buy backs and purchase at spot or near spot gold and you will do fine. I don't know how much longer this run will last, but I do not think I will reach my goal of 100 oz of gold because it's getting too expensive for me. I think I am done buying gold by the end of the year.

https://bullionexchanges.com/sell-to-us/gold#quote-point

https://bullionexchanges.com/view-all-gold-coins

 

[SilverStacker]

Thanks for the tips and clue. Much appreciated. I have a weakness for Morgan silver dollars. Thats my numismatics sin. I really wanted that ST Gaudens from a good year/mint but I'm not going $3,600 + for one. And the really good ones a lot more.

 

[Ttazzman]

One of the great things about unslabbed pre33 gold nick said is the ability to handle it without reservation....in my opinion buying slabbed graded gold is a waste of money if your a stacker, to me its just more premium you will lose if you ever sell.....

many others have a different opinion on graded stuff

 

[KnowWhy]

Do you have an ‘09 gold UHR? Those might be close to spot and are very pretty.

 

[Casey Jones]

Just in case someone doesn't know:

You can take a Cashier's Check for up to $9,999 into your LCD and hand it over. My LCD helps me wheel the US coins out to my car.

There is NO REQUIRED GUMMINT NOTIFICATION OF THIS PURCHASE.

Keep it under $10K <-- Simple as that. Want to get more? Come back tomorrow with another Cashier's Check and get a couple of K-rands.

This is Montucky. Where the prevailing culture is Aw-Shucks Down-Home, and forty percent of the males on the street are armed.

I say that, because when I was up against a crisis - when Montucky Rail Inc pulled the rug out from under me - I had a couple of 10-oz bars of gold, bought during the GFC, when ounce-bars, K-rands, every sovereign coin, was not to be had.

The spot price was about $1200. I walked out of the dealer's, with a check for ten times that...he had/has an agreement with a local/regional bank, that every one of his checks are to be redeemed for cash. The bank was three blocks over, and I walked out with over $11k in cash in my pocket.

I never felt in danger. Today, it would be a bit different - we're under the Soros/Davos/EU chaos, like decent places everywhere; a popular Asian buffet was burned down by a homeless woman trying to break in; and bums sleeping in alleys is now a New Normal. But we're still far better off than Denver, or East Palestine.

Am I armed, walking the street? Not talkin'. This is a Constitutional-Carry state. No government permissions demanded.

 

[Ttazzman]

Do you have an ‘09 gold UHR? Those might be close to spot and are very pretty.

if your asking me ...no ... havent found one yet in the wild lately since gold prices have gone up to even consider it

 

[Casey Jones]

All depends on what you're selling.

Eagles aren't as reportable as generics, for example. There's a set amount that above which, is reportable. It takes more Eagles to hit that limit)


Look at JM Bullions site. They have it broke down as to reportable quantiles for various types of PM's.

I'm not seeing it, there at the JM Bullion page. Unless there's more than one.

They go into detail on states' taxes. Nothing I can find on Federal taxes, or the differences between metals or various bullion products.

 

[pmbug]

...
Eagles aren't as reportable as generics, for example. There's a set amount that above which, is reportable. It takes more Eagles to hit that limit)
...

IRS clarifies requirements for 1099b reporting for gold and silver

Jan 2, 2025

Start around 2:20 (until around 5:20). Basically, they are only interested in transactions involving large bars that could be used to satisfy a futures contract.

• pmbug
• Replies: 7
• Forum: PM Bug

• 

 

[nickndfl]

Do you have an ‘09 gold UHR? Those might be close to spot and are very pretty.

I never see them near spot unless it's a commemorative that nobody wants.

 

[Joe King]

I'm not seeing it, there at the JM Bullion page. Unless there's more than one.

They go into detail on states' taxes. Nothing I can find on Federal taxes, or the differences between metals or various bullion products.

Here is their info graphic.

Buy Gold & Silver Bullion Online | Free Shipping - JM Bullion

Buy Gold, Silver, and Platinum bullion online at JM Bullion. FREE Shipping on $199+ Orders. Immediate Delivery - Call Us 800-276-6508 - BBB Accredited.

www.jmbullion.com

Apparently they've changed it, as their infographic used to have a break down of how much of each type of coins/bars/rounds were reportable.

I also found these two pages.

Buying from JMB. https://www.jmbullion.com/investing-guide/storage-shipping/government-reporting/

Selling to JMB. https://www.jmbullion.com/faq/report-purchases-government/

 

[Goldhedge]

I found some great places to buy coinage and currency covering events post WW1 and the era 1933 to 1939 that set up WW2.

got links to share?

 

[nickndfl]

There was one member on GIM2 who used to cry because everytime he bought something the price went down the next day. He even let us know when he triggers buying opportunities.

It's amazing how a few years passage turned him into a genius.

 

[Casey Jones]

There was one member on GIM2 who used to cry because everytime he bought something the price went down the next day. He even let us know when he triggers buying opportunities.

It's amazing how a few years passage turned him into a genius.

Some people just can't stop thinking in terms of dollars.

But, it's looking like, the Fed's political-economic programs, are gonna cure that. When you have to shop on payday, because you'll get 20-percent less two days later.

That's when we'll start comparing dollars to gold, instead of the other way around.

And hopefully, the day farmers' markets start taking silver. AS silver.

 

[nickndfl]

FYI, everything is going UP!

 

[pmbug]

Tell me about it! I was trying to do some shopping and the prices went up with every screen refresh. Very annoying!

 

[nickndfl]

The unfortunate END GAME if you think about it, PMs go absolutely parabolic for days and make unprecedented moon shots.

Then the commodity STOPS TRADING because the local.currency or dollar is worthless.

There is the conumdrum.

 

[Casey Jones]

Tell me about it! I was trying to do some shopping and the prices went up with every screen refresh. Very annoying!

I suspect that's an online hustle.

Get another computer, side-by-side, hooked up a different way...one, your castle-internet hookup, and the other, maybe, use your phone's wi-fi base option.

See if the prices match up. I suspect they have a javascript jacking the prices, because everyone is panicked about exploding price hikes.

 

[pmbug]

No, it was just silver spot moving up today.

 

[Voodoo]

Holy cow, I think the tariffs kicked in or something. Maple Leafs are now like $42 on Apmex... more than Eagles. What up with that?
No even Buffalo 1oz rounds are over $40 or $4 over spot. Look at another site.

Well SD is better but still looking like premiums are expanding. 1 oz Buffalos are $38.67 or $2 over spot.

 

[Ttazzman]

Holy cow, I think the tariffs kicked in or something. Maple Leafs are now like $42 on Apmex... more than Eagles. What up with that?

Sd bullion has maples on special...oops gold n pt....ag is 40ish

 

[nickndfl]

BE has junk silver at spot.

 

[SilverStacker]

The world is building advanced weaponry at an unprecedented rate. And its not just the major players but countries like South Korea, Turkey, Japan, Israel, Iran, Brazil....are building pretty good stuff and are also able to export them. Europe is on a spending spree so fearful they are of Uncle Vlad, who BTW is also building. China is going madman on advanced weaponry probably even outpacing America. And we are not only restocking our conventional missilery and munitions but we are also upgrading our entire nuclear triad at once.

And this this translates into so much silver needed that nobody is even admitting how much is being used. Its estimated that 55% of the Industrial use of silver is in advanced weapons technology. The exact numbers being held secret so as to keep the prices down, but the cat is out of the bag with the 4'th year in a row where demand is out-pacing supply.

A modern non-nuclear submarine needs tons of silver to produce one. Literally "Tons"! All this modern generation weaponry needs silver at an incredible rate. And the market knows it which is why its costing us little guys so much for a bar or a round.

 

[Voodoo]

All the more reason to Hoard as much as you can and keep everyone from building weapons.

 

[Ttazzman]

The world is building advanced weaponry at an unprecedented rate. And its not just the major players but countries like South Korea, Turkey, Japan, Israel, Iran, Brazil....are building pretty good stuff and are also able to export them. Europe is on a spending spree so fearful they are of Uncle Vlad, who BTW is also building. China is going madman on advanced weaponry probably even outpacing America. And we are not only restocking our conventional missilery and munitions but we are also upgrading our entire nuclear triad at once.

And this this translates into so much silver needed that nobody is even admitting how much is being used. Its estimated that 55% of the Industrial use of silver is in advanced weapons technology. The exact numbers being held secret so as to keep the prices down, but the cat is out of the bag with the 4'th year in a row where demand is out-pacing supply.

A modern non-nuclear submarine needs tons of silver to produce one. Literally "Tons"! All this modern generation weaponry needs silver at an incredible rate. And the market knows it which is why its costing us little guys so much for a bar or a round.

i would be curious to see the credible information source for "55% of silver industrial use being used in weaponry" that just seems to be a overly huge amount to me

 

[nickndfl]

All the more reason to Hoard as much as you can and keep everyone from building weapons.

Just don't hoard it while you are toking it up because you can forget where ya put it!

 

[SilverStacker]

i would be curious to see the credible information source for "55% of silver industrial use being used in weaponry" that just seems to be a overly huge amount to me

"Estimated". And theres plenty of credible information available if you learn to use a search engine. However there is no official Govt. sources because its considered secret in an attempt to keep prices as low as possible to prevent hysteric buying like with gold.

The real backstory lies in the usage of silver in modern weaponry and the fact that the world is building such weapons at an unprecedented rate. When I was in we had only one or two offensive missile types that we'd now consider "smart weapons", not counting ICBM's. Even during the Gulf war such weapons only made up a small percentage of deployed ordinance. In the Iraq war this % had gone up dramtically as it did during the war on terror. Now ? At this moment ? Such weaponry makes up almost the entirety of our offensive and defensive stocks. Even the dumb bombs get snap on kits that make them "smart" and its in the seekers and advanced algorithms where silver is being used at break neck speed.

Silver’s exceptional electrical conductivity is arguably its most important contribution to the military. Modern military equipment is heavily reliant on complex electronic systems for communication, navigation, target acquisition, and weapon control. Silver is used extensively in circuit boards, wiring, and connectors to ensure reliable and efficient signal transmission.

• Radar Systems: Silver is crucial for maintaining the precise and rapid signal processing required for radar systems to detect and track targets accurately.
• Communication Devices: From handheld radios to satellite communication systems, silver ensures clear and consistent communication between military personnel.
• Guidance Systems: Missiles, drones, and other precision-guided weapons rely on silver components for accurate navigation and targeting.
• Electronic Warfare Systems: These systems, designed to disrupt enemy communications and electronics, depend on silver’s superior conductivity to function effectively.

The Silver In Missiles go BOOM - New Silver Reporting

The reporting of Silver in Missiles does not exist. Learn about the new reporting of millions of ounces that could help drive the silver price higher.

mailboxmoneyman.com

Why Was the U.S. Silver Stockpile Raided by DOD?

Silver has been used for thousands of years as ornaments and utensils, for trade, and as the basis for many monetary systems. Of all the metals, pure silver has the whitest color, the highest optical reflectivity, and the highest thermal and electrical conductivity. Backstory. Whenever you...

www.moneymetals.com

Is silver used in the military industry? | [June Updated]

Silver in Service: Unveiling its Critical Role in the Military Industry Yes, silver is indeed used in the military industry. Its unique properties, including high electrical and thermal conductivity, antimicrobial qualities, and malleability, make it indispensable in various defense...

thegunzone.com

Military consumption of silver could far exceed industrial demand | The Jerusalem Post

The military’s hidden demand for silver could be far greater than we realize, with significant implications for global prices and supply chains. Could silver be the next big commodity squeeze?

www.jpost.com

The Use of Silver by the Military Remains Shrouded in Mystery - MiningNewsWire

A new analysis posits that the use of silver by the military may be significantly higher than demand from investment, solar panels, and electronics combined. These findings raise questions regarding transparency of the metal’s demand data, with a new discovery showing that the U.S. turned...

www.miningnewswire.com

What Does Silver Really Get Used For? | JM Bullion

Buy Gold, Silver, and Platinum bullion online at JM Bullion. FREE Shipping on $199+ Orders. Immediate Delivery - Call Us 800-276-6508 - BBB Accredited.

www.jmbullion.com

So keeping silver off the "critical minerals" list may just be the Govt. avoiding the onerous regulations and over-sight that would accompany such a classification. That and the fact there is still a whole lot of the metal being mined and much of it in fairly stable supply chains which are necessary for the America that has to import so much of it even tho we have somewhat ample reserves. But why the secrecy then ?

Well now in 2025 there has been a revolution in the arms race in the form of 100% of the ordinance we would consider "smart" weapons would be used in the opening days of a campaign. Including such designs as hyper-sonic missilery, which use copious amounts of silver. But the use of the metal in the electronics and seeker tech is only the beginning. We use it in the entire spectrum of military technology's today including such emerging ones like A.I., that allow missilery to actually "think" on their own to change attack parameters according to fluctuating defense variables. Radars like the emerging SPY-6 naval radars, which are extremely powerful devices, are another example of silver being needed for military applications. And a lot of is as well.

And its so necessary I could type for hours listing all the applications silver is needed for military use. But I hope Ive made my point already.