[Amer]

Anyone here buy physical metal bullions of gold, platinum, or silver?

Not looking to invest via stocks or BullionVault but would prefer to hold my own physical bullions, I would like to start out with a small investment ($5-10K) and looking to hold for a minimum of 6-12 months before selling.

Any advice is appreciated.

[p1nk50ck]

mebbe it's just me, but I think having bars of gold around the house would be pretty baller.

[Amer]

Originally Posted by p1nk50ck

mebbe it's just me, but I think having bars of gold around the house would be pretty baller.

Baller for sure but the safe deposit box is just as good

[Ehwnnc]

Im a Silver Stacker. I dont see it as a short term flip or anything like that but more like a savings account

[PINeely]

Are you looking to do this as an investment or as an emergency fallback? Depending on which you are going to want to go about it in different ways, ie buying rounds versus buying bars such as PAMP bars... In any of these cases you will want to steer clear of buying numismatic coins (unless you collect or something) since their value is dictated by the demand and doesn't really change.

[Amer]

Money sitting in the bank so just want to invest in precious metals for 1-2 years.

[Ehwnnc]

Originally Posted by Amer

Money sitting in the bank so just want to invest in precious metals for 1-2 years.

Its a weird market and you wont make loads of money unless the price shoots up and you could also lose your ass but thats like any investment.

There are certain coins that have low mints and you can flip them in a few years and make a nice little profit.

Do some research before you buy. Look into coins like the lunar series.

You also might really enjoy the hobby as well and get hooked

Thanks for sharing information.

[Amer]

Originally Posted by Dashman

As a long term investment, holding of precious metals is the best hedge against inflation. I have diverted some savings to gold and silver over the last few years.

If you are looking to buy/sell in the short term, you are speculating and that could be risky.

What is your definition of long term? 5 years? 10? 15?

[PINeely]

^^ That's the best way to do it IMO. As a short-term investment you may make a little money or you may lose some. There were a lot of people who were buying silver like crazy when it was $30+ an ounce back in 2010. Many were short-term prospectors who ended up being screwed when it dropped down to $19-$20 an ounce again. Bullion tends to fluctuate in the short-term but always rises in the long-term.

[1NS0MN1A]

Where do you guys buy your gold by the ounce at market value?

[Ehwnnc]

Originally Posted by 1NS0MN1A

Where do you guys buy your gold by the ounce at market value?

Apmex and Monarch Precious metals or at a local dealer. There are tons of places but once again do research.

[Amer]

Make sure you buy troy ounces and something just advertisied as "ounce(s)", do the research because there's a difference in their weight.

[Ehwnnc]

I also forgot to mention i mainly buy silver. I feel as if silver will gain the most ground over time and it is stupid cheap right now.