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coins of 1 oz each i assume?We got a bunch of silver for our wedding, and it's nice having it in the safe. My brother in law deals with Northwest Territorial Mint, and is always recommending them FWIW. we're thinking of adding more non fiat as well, but until the house is built and closed, not going to make any major financial decisions.thanks for sharing, and keep us updated on how it goes
They messed up your first order, it was supposed to show up in Az. Man, what's wrong with those people!
As of this posting, Gold below $1170 and Silver below $16 per ounce- if you've been thinking of buying, this is lowest point in quite awhile and actually makes no sense given the conditions in the world! ???
I enjoyed reading comments from so many like minded individuals, but I was wondering if Don ever had the chance to work with JM Bullion again? I have purchased silver through silver.com and have been pleased, but am always looking for positive reviews of others.
Quote from: HuskerTrev on June 06, 2015, 10:39:38 PMI enjoyed reading comments from so many like minded individuals, but I was wondering if Don ever had the chance to work with JM Bullion again? I have purchased silver through silver.com and have been pleased, but am always looking for positive reviews of others.Trev- I've made substantial purchases from JM Bullion and I've always had great service, quality of product and fair pricing; lowest that I've found from a reputable outfit. After you've established a working relationship with them (multiple purchases) they will often kick yup up to a streamlined purchase group, speeding up the purchase timeline. Best part of JM that I like, is that you get live pricing updates (refresh often to see) and the current price that you lock your order in at, is what you pay! Shop on-line, 24/7. Their phone support and question line is US based, so you're not talking to Himadre who introduces herself as "Jill" saying, "how may I hellllp djou" and needing to place you on hold to answer your questions! Free, insured and tracked shipping included & their tracking is accurate. Depending upon quantity and weight, USPS or UPS delivers to your door, signature required.Don and a few others have also used JM Bullion as well and expressed satisfaction as well- I'll let them relay their experiences.I will say that based upon current pricing, Gold & Silver appear to be still "on sale" considering the similar message and obvious theme in world news, common sense and Biblical Prophesy. Too many dissimilar voices are saying the same thing. Current paper currency and National economies are on the precipice of ruin, to NOT hold physical metals; currency and the kind resting atop some cordite that comes in standardized calibers.
Yes I have many times now, but mostly gold. I did a small purchase of silver as a vetting/testing purchase and it worked out the same. I am happy with them. Every single sale was handled properly and on every single sale, I got the little box quicker than they estimated
But other than that my metals are all I have as investments. And I am 100% OK with that... I'm not going to put my hard earned money into stocks or bonds just to keep feeding the machine that has created this mess in the first place. Only to watch half or more of my "wealth" dissapear potentially overnight.
Quote from: husker77c on July 08, 2015, 10:48:03 AMBut other than that my metals are all I have as investments. And I am 100% OK with that... I'm not going to put my hard earned money into stocks or bonds just to keep feeding the machine that has created this mess in the first place. Only to watch half or more of my "wealth" dissapear potentially overnight.Just going to leave these right here boss...1 yr troy oz silverRoughly 30% drop in silver in a year... and I own a fair bit of silver. Good thing my equity portfolio offset it... that's called diversification ;)
I had a thoughtful post written, but am just going to dip out right here... we've got a different point of view, and that's ok.Love ya Real Men, and wish for nothing but the best for everyone financially ;)
Don't let short term thoughts mess with your long range security.50 ounces of silver, after a market meltdown still weighs 50 ounces!
Quote from: Dawg25385 on July 08, 2015, 05:36:36 PMI had a thoughtful post written, but am just going to dip out right here... we've got a different point of view, and that's ok.Love ya Real Men, and wish for nothing but the best for everyone financially ;)Don't be afraid to put it out there-- we're allowed to have different views and approaches; makes us stronger challenging our own thoughts!
Quote from: cudakidd53 on July 08, 2015, 06:03:59 PMQuote from: Dawg25385 on July 08, 2015, 05:36:36 PMI had a thoughtful post written, but am just going to dip out right here... we've got a different point of view, and that's ok.Love ya Real Men, and wish for nothing but the best for everyone financially ;)Don't be afraid to put it out there-- we're allowed to have different views and approaches; makes us stronger challenging our own thoughts!Exactly!! That's part of the reason behind the site (forgive me for channeling my inner Don. Don correct me if I'm wrong) We all respect each other and have different views on things around a core of faith. A man who does not respect and seek to understand the views of others who disagree with him will never grow.Also, diversification is a solid concept IMHO. We can't completely predict the future and we all have different tolerances for risk. Heck, some of us may believe were close to being able to pull the plug on life as we know it and get off the grid/treadmill. Others of us may be just starting out. Pessimism is an interesting phenomenon. It is with me more and more every day as I get older.Who can say for certain? No one. But diversification is wise for a young man with a much longer horizon.
I have a question for the gold buyers here. I see the rationale for buying gold bullion but I also wonder whether 1 ounce bars makes the most sense in a SHTF scenario. A 1 oz. bar will be worth a LOT and it won't be that easy to "get change", or at least "change" that you want (paper money etc.). So I am thinking that coins that may be in 1/10th ounce or 1/4 ounce might make sense as well. Then you are not always dealing in an instrument that is worth much more than you may want to spend for whatever you are buying. I think that same rationale makes sense with silver as well given that you can get even smaller amounts in silver coins. The other reason I like that idea (buying smaller amounts more often as opposed to waiting for X months and then buying a larger amount) is that you can apply a dollar cost averaging approach to building up your stash. If you are familiar with the term then you get it but for anyone unsure of it- by setting a specific dollar investment amount that you will make each month you are "dollar cost averaging" which lowers you average cost as the price fluctuates over the period of time you are investing. In the silver chart that was posted the average cost over the past 12 months was approximately 17.28 per ounce. If you had invested $500 a month then your average cost per ounce would have been $17.11 per ounce, below the average cost of silver over that 12 month period. This strategy works best in volatile markets which precious metals certainly falls in to. But as with all things like this YMMV.
Quote from: TexasRedNeck on July 08, 2015, 11:48:55 PMQuote from: cudakidd53 on July 08, 2015, 06:03:59 PMQuote from: Dawg25385 on July 08, 2015, 05:36:36 PMI had a thoughtful post written, but am just going to dip out right here... we've got a different point of view, and that's ok.Love ya Real Men, and wish for nothing but the best for everyone financially ;)Don't be afraid to put it out there-- we're allowed to have different views and approaches; makes us stronger challenging our own thoughts!Exactly!! That's part of the reason behind the site (forgive me for channeling my inner Don. Don correct me if I'm wrong) We all respect each other and have different views on things around a core of faith. A man who does not respect and seek to understand the views of others who disagree with him will never grow.Also, diversification is a solid concept IMHO. We can't completely predict the future and we all have different tolerances for risk. Heck, some of us may believe were close to being able to pull the plug on life as we know it and get off the grid/treadmill. Others of us may be just starting out. Pessimism is an interesting phenomenon. It is with me more and more every day as I get older.Who can say for certain? No one. But diversification is wise for a young man with a much longer horizon.Ok then... here's what i was going to say. I'm going to dump my brain here for a minute. I apparently look at this a little differently... I think, and plan, in terms of expected outcomes…plural, more than one. This is a mathematical/economic term used to describe the probability-weighted outcome. As we know there are lots of outcomes: economic/financial collapse for whatever reason, foreign war, civil war, invasion, individual prosperity, economic prosperity, disease, "normalcy", unexpected death, winning the lottery, the rapture... so on and so forth. Each of those has a hypothetical probability that it might occur, and these are of course variable, and can have different expected time-frames. Of course some of the potential outcomes are positive, and some are negative, ranging from a reemergence of conservative USandA and everyone growing fat and happy, to TEOTWAWKI. What I would caution is to go all-in on one expected outcome or the other, given that each have variable probabilities of occurring. Abandoning all of your traditional investments in favor of precious metals, for example, would be foolish if you only think there's a 50% chance of total Financial Collapse in the immediate term (just as going all in on stocks and bonds is foolish if assuming status quo; being naive to the emerging threats to the global economy due to uncontrolled spending and debt, among others). A more appropriate strategy would be to diversify out of financial assets and into physical assets for example. If you do that though, it would also be prudent to choose things that remain valuable (and useable!), and most importantly, less volatile, in the most environments to reduce risk. For example, I think of Big Don's farm... practically invaluable in a TEOTWAWKI environment, but still quite valuable in times of "normalcy" or economic prosperity. Ammunition? Probably diminishing marginal value, but still a valuable commodity (especially if legislation changes)... and in status quo, fun to shoot! Gold? That's tricky. It's volatile, its commercial worth in times of incivility is debatable... Ounce of gold or my AR? I'll take the AR... 20 Oz of gold or 10 acres in the boonies? I'll take the land... and camp on it if things don't go south! I guess my point, Men, is this.... Please be smart with your money. I would be remiss if 20 years from now I looked back on somebody who I knew who dumped all their investments in favor of gold and got absolutely butchered by gold prices, or missed out on years of other asset appreciation that would have prepared them for retirement, and I hadn’t spoken up. You can still diversify tremendously in favor of a vastly more conservative portfolio (hard assets, precious metals, etc) to prepare for more severe economic or social events. Just be careful... I care about y'all, or I wouldn't speak up.
The only downfall with buying smaller denominations of metals is the premiums are higher. Rough example a 1oz gold coin at $1200/oz will cost somewhere around $1250 with the sellers premium. Whereas 10 1/10oz coins would cost you closer to $1450/oz. and also if you bought a kilo bar you might get it for $1205/oz. One thing to think about that an old timer told me is after a collapse Or a return to a gold and silver backed financial system you could carve off a piece of your gold coin to make smaller denominations. That's where the term bits came from as in a "two bit no good such an such". This assumes people have a way to assure your gold is legit. I imagine fraud wasn't as rampant back then as it is now. Tungsten filled bars etc.
Another option is 90% silver coins. Easy to verify, trade, recognizable post EOTWAWKI.http://www.jmbullion.com/90-silver-coins-100-face-value/