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| Topic | Why buy physical Gold and Silver in America? |
| KILBOTz 12/30/18 7:16:28 PM #44: | i buy / own physical gold, silver and platinum. it started from gold panning as a kid. I got gold fever once I found my first flake. Finding precious metals is better than buying it, but buying it still sort of scratches that itch. from a financial point, there are high transaction fees in owning physical gold. If you go to a pawn shop you will pay over spot price to buy and get paid under or at spot to sell. ETFs are a smarter tool if you just want to balance risk, at least for me the transaction fees would be lower. there is also a tiny bit that is insurance against governmental collapse where the faith in the currency/banks plummet. That is the most likely doomsday scenario to me, not nuclear war or asteroid or zombies, just excessive debt leading to runaway inflation and the currency not being worth the paper it is printed on. but mostly i just like knowing i have physical precious metals, sometimes touching it, smelling it. i buy most of my precious metal at APMEX. Sometimes a small time coin store you can get deals but that is rare now. Back in the 90s I would go with my dad and you could get really good deals at coin stores sometimes back then, but everyone is better educated on the values now. Pawnshops I only trust if it is US minted currency. Bars are sometimes fake at pawnshops, or so ive heard. --- ... Copied to Clipboard! |
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