reply to post by combatmaster
I don't use ETF's and never do online commerse or investment.
(Which is primarily
why BTC doesn't make my life any easier)
I just buy the metal where ever I can.
I try to stay away from collector's coins as I am only interested in the pure metal content and not the inflated collectors value but every now and
I take junk silver
where ever I can find it and have it melted into small ingots.
I've even found a few pieces at garage sales.
Around these parts, silver coins or gold might also be found at post offices, money lenders, pawn shops, antique stores, specialty shops and even
banks...but I never
buy from banks...screw them.
Platinum & Palladium are like "seasonal" purchases for me as gold is expensive enough as it is...though maybe not in recent days. I don't have much of
it but was considering purchases when gold had eclipsed platinum's price...at that point it, became "why NOT buy platinum, it's cheaper?". Most of my
platinum is in the form of "baby spoons" and similar non-coin items.
I only have the one lil' tiny sliver of Palladium.
Silver & Gold make up the bulk of my PM's.
As always I am a firm believer in "Buying the Dip" and always try to increase my purchases when prices drop. I hope gold drops in value even further
because I know when everything starts to fall apart (as we all know it will) it's value will re-adjust (skyrocket) towards it's actual value. maybe
even higher than $5K/Oz...but some guests on Max Keiser assert that even now...gold should be closer to $10K or even $20K. Personally, I have no idea
what they are smoking but even if 25% of what they claim comes true, I'll theorhetically
be okay...unforseen medical costs notwithstanding.
As far as I'm concerned, I am buying PM's not for today but for my retirement...not that anyone actually can afford to retire anymore.
My PM's in 20 years will hopefully be able to supplement the retirement pension that is just as likely not to be there for me when I need it.
The way I see it, it's like I'm collecting precious stones on a deserted island in the hopes that one day...I might be rescued.
I'm not some investment professional.
This is not what I do for a living.
I'm not applying some obscure economics equation.
I'm just a stubborn old man.
edit on 15-12-2013 by Eryiedes because: Addition
edit on 15-12-2013 by Eryiedes because: Typo