Are Gold and Silver gonna keep going down?

[GeeBee49]

I am considering stacking silver bars. Small bars, 1oz. Any recommendations?
I am aware some silver bars can be more difficult to liquidate than others.

While I do collect a few different 1 oz coins I realize that I'm not just paying for 1 oz of silver. I'm also paying for the labor to mint the coin and with proof coins I'm also paying for the fancy box and printed certification.
I would imagine that any difficulty liquidating silver bars would be that some people might be concerned about counterfeit bars. I don't know how common this is but maybe it's something to consider.

[vino68]

While I do collect a few different 1 oz coins I realize that I'm not just paying for 1 oz of silver. I'm also paying for the labor to mint the coin and with proof coins I'm also paying for the fancy box and printed certification.
I would imagine that any difficulty liquidating silver bars would be that some people might be concerned about counterfeit bars. I don't know how common this is but maybe it's something to consider.

Thanks. I stack maple leaf in gold and silver because of the anti-counterfeit measures by the royal mint. I do not buy on ebay and when I do buy online, I use the JM, SD, AP...etc. I am looking for something similar with 1oz silver bars.

[harbormaster]

These are the only bars I own ,

https://www.jmbullion.com/2022-250-gram-st-helena-rectangular-silver-east-india-company-coin/

Still a govt mint and pretty cool. 250 gram is less then 10 oz which they also sell in 10z variations.

[harbormaster]

These are the only bars I own ,

https://www.jmbullion.com/2022-250-gram-st-helena-rectangular-silver-east-india-company-coin/

Still a govt mint and pretty cool. 250 gram is less then 10 oz which they also sell in 10z variations.

[DolphinFan]

I get my gold now from a guy with interest in a gold mine in Nevada. He mines it, melts it into bars, sends it our to be refined and assayed, then sells it to me for SPOT or 1% less depending on the amount I buy.

If you deal retail, JM, KITCO... you pay 3% over the SPOT price on the buy and lose 3% on the sell, unless you sell for SPOT or higher to an individual.

[mdr110]

I carry an 1oz silver bar in my wallet as a good lucky charm and also can be used in emergency where I'm out of cash. It'll get me some food and maybe a city bus ticket towards home, or some hood BJ on 1st/15th LOLLOL.J/K,

[GeeBee49]

Thanks. I stack maple leaf in gold and silver because of the anti-counterfeit measures by the royal mint. I do not buy on ebay and when I do buy online, I use the JM, SD, AP...etc. I am looking for something similar with 1oz silver bars.

I've never bought any coins from ebay either. All of my coins were purchased from the US Mint, APMEX or JMB.
I was browsing APMEX this morning and they have 1 oz bars of .999 fine silver for $34.15. They also have 2023 .999 fine silver Krugerrands BUs for $31.61. While I'm interested in bars, in this situation I would go with the coins.

[eric90503]

10oz AU bars, good hedge choice?

https://sdbullion.com/10-oz-pamp-suisse-lady-fortuna-gold-bar-in-assay

Many theories of what may or maynot happen if we suffer a mid-level financial collapse, not full SHTF. No one has a crystal ball. Coming from a non-PM owner and green in the PM arena.

Is a 10oz AU bar from Pamp Suisse a viable choice for insurance (hedge against inflation)? I'm coming from the standpoint, a buyer upon buyback may or maynot take into consideration the premium one paid for gov marked coins, etc. Simply just for weight. Of course it would be wise to have a percentage of smaller 1oz AU/AG coins mixed in for safety mixed in.

I'm coming from simply a space savings pov and not a collector or "investor" I think we all have experienced not enough room in the safe scenarios

Thoughts and opinions please for the fng.

**Note: Already squared away with everything else. RE,401K, Stocks, RX, PB&J ; )

[harbormaster]

^^^
Every owner of PMs has their theory. I have 95% silver to gold due to cost. In fact I have very little gold at all. My silver is exclusively from government mints and not private mints. Some of the private ones are good just not for me. I like fractional rounds at 1/2 ounce which are hard to get from government mints so most are one ounce. I have added a good number of 2 ounce, a few 5s and even fewer 10s. The later are not convenient to carry or store IMO so I’ll stick to one and two ounce coins for the most part. Still US, Canadian, Brits or Germany are the mints I buy. Yes I pay the premium when I buy, and Always buy $1500+ now to avoid giving Gavin my sales tax.

[GeeBee49]

I've mentioned that I'm concerned about counterfeit silver bars but I am considering picking some up. APMEX has some very nice 10 oz silver bars from the Royal Mint for $359.
How concerned about counterfeiting are some of you who have bought silver bars?

[denpython]

I have not read all the posts in this thread,but do any of you buy at local coin shops?

[mdr110]

My local has a minimum $2k to buy PMs in store so I do online instead. I guess my local cater to big clients.

[eric90503]

^^^
Every owner of PMs has their theory. I have 95% silver to gold due to cost. In fact I have very little gold at all. My silver is exclusively from government mints and not private mints. Some of the private ones are good just not for me. I like fractional rounds at 1/2 ounce which are hard to get from government mints so most are one ounce. I have added a good number of 2 ounce, a few 5s and even fewer 10s. The later are not convenient to carry or store IMO so I?ll stick to one and two ounce coins for the most part. Still US, Canadian, Brits or Germany are the mints I buy. Yes I pay the premium when I buy, and Always buy $1500+ now to avoid giving Gavin my sales tax.

Thanks for your input. I failed to clarify that I would too prefer Gov mints vs Private. Just trying to put myself on the buying end where I don't know much and someone hands over a panda round or Gadsden flag coin for trade/barter. A bit more confidence and comfort in a Canadian or US.

Appreciate the reminder on the 1500+. I did read somewhere if it's a 10k+ PM purchase it is to be reported? I thought that was cash deposits, I could be wrong.

Just learned Pamp Suisse is a Private company not Gov. Owned in partnership with an India/Swiss company. Back to the drawing board, ...Royal Canadian Mint?

[4DSJW]

In the US, Eagles are king. After looking at what was available, and reading volumes on the Kitco forums, I decided that Canadian Maples are the way to go. Made by a sovereign nation, newer versions have good security features, recognized around the world, made with 24K Au (some cultures will only buy/trade 24K), and generally have a lower premium than other Au.

If you really think that you might be accepting Au in payment or trade, learn about Ping Testing, get a decent scale, a set of good calipers, and an Au test kit (and practice with it). On the $10K reporting issue, I don't think anyone is required to report a sale of that size, or bigger, unless you pay with cash.

[harbormaster]

Govt

There do not seem to be a lot of bars from government mints. I thought one was from the Brits but it turned out to be not.

https://www.jmbullion.com/10-oz-brit...annia-bar-new/ be careful on this and note that some are sold in metric measurements and do not reach 10 ounces this one is not the case.

https://www.jmbullion.com/10-oz-germ...st-silver-bar/ see here is one that got me; it says "germania mint" which I mistakenly thought was the government's mint of Germany, but its not - its private. Germany's mint is the Bavarian State Mint.

https://www.jmbullion.com/2022-250-g...-company-coin/ this one I've bought and not unhappy with it, but its 250 grams and I knew that going in - will anyone in a crisis? I have the 10oz version and they are almost impossible to tell apart. They are from "St. Helena" which is a government issue, but who knows that besides me?

The $10k thing is a mandatory transaction reporting and I thought they lowered it well below $10k recently? I can barely afford $1500 orders so I don't worry about that much.

Thanks for your input. I failed to clarify that I would too prefer Gov mints vs Private. Just trying to put myself on the buying end where I don't know much and someone hands over a panda round or Gadsden flag coin for trade/barter. A bit more confidence and comfort in a Canadian or US.

Appreciate the reminder on the 1500+. I did read somewhere if it's a 10k+ PM purchase it is to be reported? I thought that was cash deposits, I could be wrong.

Just learned Pamp Suisse is a Private company not Gov. Owned in partnership with an India/Swiss company. Back to the drawing board, ...Royal Canadian Mint?