Gold and silver prices are down

Just remember, a "bank holiday" could cut you off from accessing your safety deposit box.

Coins (not numis') generally are easily recognized and offer better fractional denominations, albeit with loftier premiums. Any form is suitable, IMO, but for insurance/crisis scenarios, I would prefer physical, not paper holdings.

On another note (Hecla Mining Co.) , how can it be that HL breaks above my Friday expiring $6.50 strike today. That rarely happens to me. Usually my longs tank after expiration, so the premium on forward months collapses.
Well, we'll see what happens come 19 March 2021...
 
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Woodsy said:
So what the preferred method of holding Gold/Silver? Coins, Bullion, IRA? I have been a mix of coins/bullion store is a safety deposit box but wondering if I just move to more bullion.
Click to expand...

Personally, I am into coins, American coins, silver eagles and 90% pre 1965 coins. I would not EVER store metals in a safety deposit box. Banks can go under, IRS or another 3 letter outfit can lock down boxes and it is not unheard of that they can be broken into.

Get some 3" PVC piping, and run it from one wall to another, with a clean out connection. No respectable burglar will look into a PVC pipe.

Varmint said:
I can see my wife vacuuming those right up.
Click to expand...

Sigh... [laugh2]
 
smokey-seven said:
Personally, I am into coins, American coins, silver eagles and 90% pre 1965 coins. I would not EVER store metals in a safety deposit box. Banks can go under, IRS or another 3 letter outfit can lock down boxes and it is not unheard of that they can be broken into.

Get some 3" PVC piping, and run it from one wall to another, with a clean out connection. No respectable burglar will look into a PVC pipe.



Sigh... [laugh2]
Click to expand...
Good point
 
smokey-seven said:
Personally, I am into coins, American coins, silver eagles and 90% pre 1965 coins. ...
Get some 3" PVC piping, and run it from one wall to another, with a clean out connection. No respectable burglar will look into a PVC pipe.
Click to expand...
Don't do this with collectables, the PVC reacts with silver (and copper). Look for ABS or HDPE "drain/vent pipe" instead. Much of the common black "plastic" pipe is an ABS+PVC blend.
 
Schiff was mentioning on his podcast that interest rates are likely to rise but that the FED is sure to react. It's really been a windfall for PM investors. Between the general public not acknowledging that we are going to print money until it's worth less or worthless and investors being sidetracked into crypto, PMs have remained surprisingly affordable.
 
Win said:
Schiff was mentioning on his podcast that interest rates are likely to rise but that the FED is sure to react. It's really been a windfall for PM investors. Between the general public not acknowledging that we are going to print money until it's worth less or worthless and investors being sidetracked into crypto, PMs have remained surprisingly affordable.
Click to expand...

The government sleight of hand is just a diversionary tactic. They can't stop the inevitable.
 
Varmint said:
Gold tanking this morning as the 10 Year Treasury rate goes vertical.

Any day now the market will go from “oh look, rates are going up, great news!” to “omg rates are going to crash the debt bubble!”
Click to expand...
So true. This is baaaaaaad news.
 

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