$ (Au, Ag, Pt) Precious Metals - Gold, Silver, and the Platinum family of metals

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Is gold nice

  • Yes

    Votes: 489 88.6%

  • No

    Votes: 63 11.4%
  • Total voters
    552
Per 1000 bux spent, what'd be a good ratio to buy gold and silver right now? If I wait a bit longer I can get 4.5% interest on the T-bills i'm considering trading for metal. Is it even worth looking at palladium or platinum if I have none?
 
John Furrman said:
Per 1000 bux spent, what'd be a good ratio to buy gold and silver right now? If I wait a bit longer I can get 4.5% interest on the T-bills i'm considering trading for metal. Is it even worth looking at palladium or platinum if I have none?
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every one has differant strategies in this sphere. I refuse to pay one cent for metals at these lol prices, I prefer to hord cash and wait for a flash correction because its worked so well for me in the past. Others say dollar cost average a weekly purchase like a 401k plan.

As far as ratio allot of yt grifters talk about the biblical 8 to 1 ratio ....... but in reality for thge last 20 years i been in this sphere price has been rigged 80 to 1 ....... when its at 100 to 1 buy that silver boi ........ you do you there are many differant ways to Valhalla
 
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John Furrman said:
Per 1000 bux spent, what'd be a good ratio to buy gold and silver right now? If I wait a bit longer I can get 4.5% interest on the T-bills i'm considering trading for metal. Is it even worth looking at palladium or platinum if I have none?
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You didn't ask me but I am going to start buying platinum until the price of gold goes down. When it comes to assets, it's smart to spread your money out.
 
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Dean Pentel said:
How I wish I wasn't the financial fucking retard I was back then :(
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To be completely honest, I only bought my first gold bar because Null told me to (on MATI, so not me specifically) and I had stimulus money Trumpbux to spend. It's hard not to get hooked once you get your first piece of gold in your hands.
 
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John Furrman said:
Per 1000 bux spent, what'd be a good ratio to buy gold and silver right now? If I wait a bit longer I can get 4.5% interest on the T-bills i'm considering trading for metal. Is it even worth looking at palladium or platinum if I have none?
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Platinum and palladium are meme metals. Useful for industry but do you want to be betting on how popular catalytic converters are or whether industry finds another use for them? No?
 
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Peaches the Wonder Cat said:
Platinum and palladium are meme metals. Useful for industry but do you want to be betting on how popular catalytic converters are or whether industry finds another use for them? No?
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Platinum and Palladium both have actual value, so in my opinion I would say no they are not meme metals. I think Copper is the meme metal. There are dudes that melt down pipes and wire to make hand poured bricks of Copper thinking that 1 pound is going to get them $30 eventually.
 
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Top_Dollar said:
Platinum and Palladium both have actual value, so in my opinion I would say no they are not meme metals. I think Copper is the meme metal. You dudes that melt down pipes and wire to make hand poured bricks of Copper thinking that 1 pound is going to get them $30 eventually.
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Some one gave me a 1oz copper bar because they heard that i buy a lot of silver and gold. It sits on my desk with a few other choice bars that I like to fiddle with.
 
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Top_Dollar said:
Platinum and Palladium both have actual value, so in my opinion I would say no they are not meme metals. I think Copper is the meme metal. There are dudes that melt down pipes and wire to make hand poured bricks of Copper thinking that 1 pound is going to get them $30 eventually.
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It might have some morons following it, but Copper isn't really a meme metal so much as an industrial one. The bull case is that as the world becomes more and more electrified (vs. fossil fuel powered) consumption is going to continue to increase. Don't know how much I buy that but there's legitimate money going into it, not just the meme boys.
 
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Hybrid Icing said:
It might have some morons following it, but Copper isn't really a meme metal so much as an industrial one. The bull case is that as the world becomes more and more electrified (vs. fossil fuel powered) consumption is going to continue to increase. Don't know how much I buy that but there's legitimate money going into it, not just the meme boys.
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The problem is you need a ton of storage space to make any money on copper. It's $4ish a pound. Maybe you think it will double, which is a great return. If you want to make four thousand dollars, you need to store a thousand pounds of copper. That's a lot of copper (about two cubic feet) and not a lot of money, and it ignores transaction costs. There is a trust that holds physical copper from Sprott that's currently selling for 15% below the price of the physical copper they hold. Copper is a terrible investment but at least the GSM rounds are cheap so if you buy a few it's not the end of the world. Just don't be one of those guys who stacks copper pennies in his basement and leaves them to his kids.
 
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Top_Dollar said:
Platinum and Palladium both have actual value, so in my opinion I would say no they are not meme metals. I think Copper is the meme metal. There are dudes that melt down pipes and wire to make hand poured bricks of Copper thinking that 1 pound is going to get them $30 eventually.
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Prj4MW8iPT3vmFM2rzDc said:
Some one gave me a 1oz copper bar because they heard that i buy a lot of silver and gold. It sits on my desk with a few other choice bars that I like to fiddle with.
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I mentioned I owned exactly 1 platinum coin that I used to complain about the economy in DND, and I own exactly 1 copper coin for the same purpose.
 
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