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Guest cindona

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Looks like an old long thread so I'm not going to read all 30 pages, forgive me if asked/discussed before.  Those here that are good with investments, how do you feel about precious metals/coins?  I'm curious as I have over the years picked up a lot of silver/gold coins and a lot of bullion.  Does anyone use these? (As well as some art)  I try to use silver bullion as an investment stabilizer of sorts.  While it does not go down much when the market is increasing in value, it goes up, albeit not a lot, but goes up a small bit when the market kicks me in the groin like is has the past few months.  I find it strange (weird?) that bullion always does the opposite of the market, ie down when stocks are up and up when stocks are down.  Right now, even with silver prices up a little, I believe it is a pretty good value with lots of potential, but like stocks/casino, it's a gamble.

Of those of you that are full time, do you invest in these and do you take with you or leave in bank?  Just curious, don't have to say if worried about safety.    I store mine in a bank safe deposit box so it is safe from theft, unless the bank would fail.

Oh, and just a note, I think those TV hawkers on gold/silver laughable, I rank them along the lines of ambulance chasers.  I hope no one swallows their baloney and jumps on wagon, all they are doing is playing on your fears to make themselves a lot of $$.  I've been doing this long before these ........ started this up.

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I have never bought real gold or silver. In reading the Minnesota papers in 2018 and prior years it seams that two issues come up. The over the counter ones hire ex cons to sell and they will keep the bullion/coins for you. Two huge problems. Also with coins, who determines the value? Two much room for shiesters.

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2 hours ago, TheDuke said:

I have never bought real gold or silver. In reading the Minnesota papers in 2018 and prior years it seams that two issues come up. The over the counter ones hire ex cons to sell and they will keep the bullion/coins for you. Two huge problems. Also with coins, who determines the value? Two much room for shiesters.

Correct, there is a lot of fraud out there, alot of Chinese counterfeits floating around.  I have researched and learned how to spot a fake and yet there are some that fool me, little lone an expert.  This is why on my bullion I only buy from the smelters I am familiar with.  I only buy coins from reputable dealers, one in particular that has been in business over 40 years.  There are also Coin grading services that can spot a fake from a mile away.  Yes, it's a gamble, but it's mostly a hobby that sometimes pays.  I use a jewelry grade scale and a micro-scope to check all purchases out plus a couple other tests.  As far as a con holding my silver for me, don't walk, RUN away very fast.  I buy nothing that is not in my hand.  Coin value, some set by the goberment but mostly by collectors and the rarity of the coin.  It is a big business, auctions, books, etc.  I use The Red Book as my main guide but not as an absolute, experience comes to play.  Been doing this over 40 years off and on.  Study the hobby, it's fun and if you want, can be fairly inexpensive, ya don't have to go after the high cost ones.

Anywayz, back to my original question, anyone besides me dabble in pms?

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3 hours ago, TheDuke said:

 Two much room for shiesters.

Another note, in all my years of collecting, I have only bought one fake.  That one, I knew was a fake and wanted it because of it's uniqueness.  I have marked it as such, only payed a couple $$ for it.

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