Long Position on Silver and Gold?

[Cylinder Head]

With the entire developed world engaging in some form of quantitative easing and places like Russia and China snatching up precious metals, it wouldn't be a bad investment long term. However, didn't gold just fall through a well established support level?

[rondog]

With the entire developed world engaging in some form of quantitative easing and places like Russia and China snatching up precious metals, it wouldn't be a bad investment long term. However, didn't gold just fall through a well established support level?

Depends on how you look at it. Step back and look at the bigger picture of a 3 year chart, and gold is just approaching the support level around $1525. And considering the current puddle of shit the world is in, if I had the money to pursue a gold position, I'd be a-thinkin' about it.

When I first started sniffing around the gold and silver markets about 12 years ago, silver was around $4.25/ounce and gold was around $250. I remember people on the PM forums praying for the day that gold would go over $500/oz.

[10mm-man]

What is the best way to buy Silver and were? i read 90% rounds etc. I have bought in the past from a silver store but is that the best way?

[ChunkyMonkey]

What is the best way to buy Silver and were? i read 90% rounds etc. I have bought in the past from a silver store but is that the best way?

Personally, I only do maple leaf and american eagle in both gold and silver. They are highly sought after and have +value over spot price. Kitco and north west mint have always had best pricing. Locally, some seller asks for 10-20% over spot.. yikes!

https://online.kitco.com/

http://bullion.nwtmint.com/silver.php

PS.. how about producing some silver lower as ar-15.co collectible/fund raising.

[10mm-man]

PS.. how about producing some silver lower as ar-15.co collectible/fund raising.

That is not a bad idea! That would be one pricey lower...... Actually workable? Or in an 80% lower?

[ChunkyMonkey]

That is not a bad idea! That would be one pricey lower...... Actually workable? Or in an 80% lower?

It'd be cheaper to produce a 100% lower, no? 80% lower gotta be at least 10oz heavier.

[10mm-man]

It'd be cheaper to produce a 100% lower, no? 80% lower gotta be at least 10oz heavier.

Cheaper yes, but then it wouldn't have to go through a BGC and transfer..... And it actually might not be cheaper from the machining stand point...

[hollohas]

Kitco and north west mint have always had best pricing. Locally, some seller asks for 10-20% over spot.. yikes!

https://online.kitco.com/

http://bullion.nwtmint.com/silver.php

??

Both of these places are 10%+ over spot for silver eagles even at higher quantities. Much more for smaller quantities especially when you include shipping. What am I missing?

[Sawin]

What is the best way to buy Silver and were? i read 90% rounds etc. I have bought in the past from a silver store but is that the best way?

I just buy bullion rounds or ingots from coin shops in the metro area, the silver guy at the tanner shows, or from www.coin-rare.com.

[10mm-man]

I just buy bullion rounds or ingots from coin shops in the metro area, the silver guy at the tanner shows, or from www.coin-rare.com.

i've done that but as mentioned 10-20% above spot doesn't appeal to me then when i sell it's 10% below spot.