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Poll
Question: Do you own any physical precious metals?
Physical Gold - 5 (12.2%)
Physical Silver - 10 (24.4%)
Both - 7 (17.1%)
Paper Gold or Silver - 0 (0%)
Other metals - 0 (0%)
Strongly interested - 4 (9.8%)
Bitcoins only thanks! - 7 (17.1%)
None - 8 (19.5%)
Total Voters: 41

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Author Topic: [Poll] Do you own physical Gold or Silver?  (Read 837 times)
JakeGold
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October 09, 2013, 04:40:06 PM
 #1

Just wanted to see what the popular opinion was for holding physical precious metals on this forum.

OBVIOUSLY you shouldn't post what/where/how much you have, for security reasons, but please cast a vote, and feel free to voice your opinions on the matter  Smiley

"But greed is the only snake that cannot be charmed"
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October 09, 2013, 05:48:06 PM
 #2

It was a nice/safe investment before, but now, I don't think that it is the best place to invest.
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October 09, 2013, 06:05:07 PM
 #3

I would love to buy a few ozt of gold, once I have the money














 

 

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Lethn
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October 09, 2013, 06:36:32 PM
 #4

I have silver but it's for making Jewellery, I do really want to get some proper investment bars at some point though, I can't afford gold just yet.
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October 09, 2013, 08:17:58 PM
 #5

The only problem with physical precious metals for average Joe is he cant be 100% sure these are not fake.

                               
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JakeGold
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October 12, 2013, 07:44:05 PM
 #6

While I see a lot of potential in precious metals, given the fractional nature of paper gold and seeing how all the growing economies are buying it up as much as they can, there's way more potential in Bitcoin, in my opinion.

I know I need to "diversify", but it's hard to put money elsewhere when you know BTC is really the best place to invest/hold your money.

"But greed is the only snake that cannot be charmed"
mogrith
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October 12, 2013, 07:51:39 PM
 #7

I hav some silver not kept at home. Also have shares in a gold mine inherited from my great grandfather.  Worth more for getting Annual reports with neat photos when I was a kid, but worh more now. the TV show Ice Road Truckers sometimes is shot in that area.

Merge mine BLC+PHO+ELT+XDQ+BBTC+UMO+LIT pool is open http://la1.blakecoin.com tips: 1MogRiTHpQZ7bkpq49cSVWADrTt7Jrghp
Johnny Bitcoinseed
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October 12, 2013, 08:10:22 PM
 #8

For thousands of years gold and silver has been a store of value.  Nothing has changed.

And by precious metals I mean the physical in-your-hand stuff, not that fake paper product that is about as reliable as greenbacks longterm.

Watch what happens when (not if, but when) the FED stops printing 85 Billion Dollars every month to prop up the stock market.  Suddenly many of those investors in stocks are likely to panic and rush to exits, perhaps turning to gold and silver as a means of preserving wealth.

Now Bitcoin could be a place they go to also.

Sincerely I am, Johnny BitcoinSeed .com
JakeGold
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October 12, 2013, 08:19:47 PM
 #9

[...]Suddenly many of those investors in stocks are likely to panic and rush to exits, perhaps turning to gold and silver as a means of preserving wealth.

Now Bitcoin could be a place they go to also.

Last time there was a run on gold, you could not find any at the gold dealers. The upper class buy up any circulating gold, and then place orders at the mints/foundries. The middle class would usually be left holding the bag.

And seeing how the FED has more than tripled the monetary supply in the last 5 years, this is all coming to a peak.

"But greed is the only snake that cannot be charmed"
gooryheta
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October 12, 2013, 10:42:14 PM
 #10

But the gold + silver is inflatting as well because new is mined every year.
Lethn
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October 13, 2013, 07:00:13 AM
 #11

The only problem with physical precious metals for average Joe is he cant be 100% sure these are not fake.

He can be if there's a certificate and he buys from a store that deals with a proper mint, I've done research Cheesy and of course, the BTC purchasing power makes it a hell of a lot easier to get Gold/Silver than it used to be.
johnniewalker
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October 13, 2013, 07:34:22 AM
 #12

It was a nice/safe investment before, but now, I don't think that it is the best place to invest.
I strongly disagree. If you buy from an untrusted source than yeah, maybe. If not, you're good. Either way, one trip to a coin/pawn shop could tell you.
JakeGold
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October 13, 2013, 06:32:24 PM
 #13

But the gold + silver is inflatting as well because new is mined every year.

Gold and Silver are mined and cannot be created out of thin air. Also, Gold and Silver deposits are becoming more rare and harder to mine. This makes the supply far more steady than what the FED has done to the USD as of late.

Even Bitcoin has competing crypto currencies that dilute CC investments.

"But greed is the only snake that cannot be charmed"
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