(Topic ID: 286786)

Precious Metals? Gold, Silver, Prospecting and Collecting.

By phil-lee

3 years ago


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  • 621 posts
  • 59 Pinsiders participating
  • Latest reply 3 hours ago by phil-lee
  • Topic is favorited by 18 Pinsiders

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Post #34 Perspective from a rare coin seller. Posted by Coindork (3 years ago)

Post #86 Amazing photos from actual miner and a great story. Posted by Onwallst (3 years ago)

Post #109 Great power point on gold demand. Posted by ManyQuarters (3 years ago)


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#163 2 years ago

Why are precious metals not keeping up with inflation?

Quoted from Crash:

I'm a firm believer in storing wealth in and trading metals, as societies around the globe used to, before the fiat dollar came into play. You can print dollars all day, but can't print gold and silver. They are hard assets that have been proven throughout world history to be effective.
As far as buying silver, I go to Dallas Gold and Silver Exchange's Bullion Express eBay store. I also check a reputable pawn shop's eBay store. Yes there are eBay fees and shipping which cost a little more, but DGSE offers quantity discounts on their buffalo silver rounds. Before they sold out of these a couple weeks ago, there were no quantity discounts. So I'm thinking they buy large bars and melt/stamp them locally then sell online when they have supply. This allows them to pass their economies of scale savings on to the customer. And I also tested multiple ways to verify their coins are legit. They seem to be the biggest metals dealer in Texas and have an awesome reputation. 100% rating on eBay with thousands of sales in less than 3 years. I mean these things are selling over 50 ounces a day. Crazy demand.

2 months later
3 months later
#333 2 years ago

Just got a new silver coin.
First of its kind
It’s 1 ounce .999 silver also loaded with .01 Eth and an NFT.
Pretty rare, mint of 200.
https://opensea.io/assets/0x09568688e4023e5d0c066dd171d678a97c72836d/1

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#336 2 years ago

Yeah there’s a several Btc coins

Casascius coins are the most known but they stopped making them awhile ago. They carry quite the premium.

Lealana and CryptoImperator are also well regarded. Kialara aren’t coins but really cool.

Some are bad actors like Titans are not good.
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Yes that one coin on the right has a loaded value of about 1.5 million.

1 month later
#417 2 years ago
Quoted from phil-lee:

Turkey is a good example of what can (will? ) happen in the US.
Currency Lire has dropped 50% in value.
Inflation is rampant. Workers seek to convert their paychecks in to other currencies as well as gold.
President passes law against hoarding. Rumoured confiscation of gold soon.
Crypto outlawed.
It is said the Leader is setting on millions in gold bars to use should he need to move quickly.
Local produce/bread and other items are being paid for in gold and silver. Local Towns commerce developing alternative payment means separate from the Official Government.
Barter commonplace.

Not quite accurate

https://www.coindesk.com/markets/2021/11/19/turkey-makes-the-case-for-bitcoin-as-erdogan-runs-the-autocrats-inflation-playbook/?outputType=amp

6 months later
#528 1 year ago
Quoted from Ivan1496:

Outrageous claims from a corrupt government? There are plenty questioning the validity of this claim. Seems to be only small nobody news networks reporting this. I had to dig a bit to find it. Heard about it thru some post a day ago. 12.8 trillion is more than the current world total mined to date I think.

Also note that gold ore is a lot different than actual gold.

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