Collecting Gold and Silver coins

[makav31i]

do u guys do physical gold only? or also do some gold trading as a hobby (or as a sideline)?
Just curious coz I used to trade gold silver on paper... but ever since starting this business, I have been keeping away from trading....

I am a coin collector, not really investing or trading my coins and bars or paper precious metals...If I need to raise cash, the first to go will be my bars...

 

[robinoy]

Greetings to all seniors. I am new here. My age pass 60yrs old. I more to stacking gold then silver because easier to liquidate when my time of emergency need. I do love those silver maple bullion coins. Just stack a few tubes for admiring.

 

[foxer77]

wow that great robinoy... gold is indead a good form of stack and liquiaty.

but cash involve is more...care to share what form of gold u stack ? jewerlly? bar? coin?

 

[robinoy]

More on bullion bars and coins with low premium over spot

 

[foxer77]

oic.. there a lot of sources for bullion in sg... price are comparitive.

 

[FreedomAngelz]

Gold prices refuses to break below US$1100
Silver prices still very volatile and hard to predict, shortages is reported quite from a few sources. Premium still pretty high and may get even higher if spot price goes lower.

Platinum price kena whack....use to be brother in arm with Gold pricing.
Might go below US$900

 

[dynamo23]

Gold can buy now?
Will fall faster than SGD?

 

[bakuten]

Gold can buy now?
Will fall faster than SGD?

Just FYI....don't be fooled by gold's price.
gold has been up against all currencies except USD.

 

[bakuten]

Greetings to all seniors. I am new here. My age pass 60yrs old. I more to stacking gold then silver because easier to liquidate when my time of emergency need. I do love those silver maple bullion coins. Just stack a few tubes for admiring.

ya....older better stack more gold.....it is safer.

me few decades younger than you....can take more risk.

anyway im not gonna stack silver once i reach a certain weight....im not gonna stack more than i can physically carry....will switch to gold after that for practical purposes

 

[FreedomAngelz]

Goldsilver city just updated on their Facebook on PM product shortages.

Now waiting to see if other local Bullion company has the same issues.

 

[foxer77]

i dont see bullionstar having these issue yet.
dk bullion, canada owl sold out...

depend on how many customers are buying from them and too their stock level.

 

[foxer77]

canada owl,bs also sold out...

 

[bakuten]

I seriously wonder if this time the shortage in silver is real. Or issit shortage in production capabilities.

Altho it is true that RCM and american mints and perth mints are seeing record sales.

But it could really just be production limitation and not limitation of the metal itself.

Theres also another "theory" saying that the silver stocks are being robbed from consumer side to ensure no shortages on industrial side. Thus leading to the reported 4-8 weeks wait time for delivery.

Also, the recent down in commodities would mean less mining activity overall...and we know that only 30% of silver are actually produced by primary producers. Hence it would not be unthinkable that the shortage could be coming from the by-product side.


But then knowing the perma pm bull side. Their stories can always take with a pinch of salt lolx.

What is your take?

 

[frenchbriefs]

u guys do know the gold.silver price is determined electronically on the market where billions and billions of ounces of fake non existent gold is being traded,no one is actually owning the real crap so it doesnt matter how much production has fallen.

the gold bubble is burst,lets face it the dream is over.im not a trader and i dunno technical analysis but like they said,the trend is ur friend.

 

[bakuten]

u guys do know the gold.silver price is determined electronically on the market where billions and billions of ounces of fake non existent gold is being traded,no one is actually owning the real crap so it doesnt matter how much production has fallen.

the gold bubble is burst,lets face it the dream is over.im not a trader and i dunno technical analysis but like they said,the trend is ur friend.

Until fed manages to raise rates. Gold is still the safest bet out there IMO.

Talk is cheap. Action is more impt. After 7 years of zirp...crazy lending sprees...how many banks will become insolvent should fed decide to raise rates?

Theres a reason why everybody keep saying fed gonna raise gonna raise. But end up nothing ever happens.

Look at the geopolitical environment.

How many wars the US is currently involved in.

U think they can seriously raise rates?
To those that still think rates can be raised. Wake up. QE4 is more and more likely than ever vs any form of meaningful rate hike.

 

[bakuten]

Anyway....Glencore is going kaput.

Expect PMs and commodities to be smashed temporarily as they begin to liquidate their assets.

Unless somebody bails them out....

 

[arthurko]

Is it a Real Silver Shortage? PLUS Some Canadian Silver Maple and Gold bars to sell.

Hi Bakuten,

1. My personal view is that unless we are the very very insider, most of retail people like us very difficult to know the true story. But one thing we can be quite sure is that it is only a matter of time that something goes wrong w the monetary system due to all the money printing and derivatives..... The big question is no one knows when the SHTF will occur.

For this reason, I suggest to view PM as insurance. For those who just starting out, decide the amount you want to buy, buy it and "forget about it". And after that can have a monthly/quarterly/yearly savings plan to put PART of savings into PM. In the LONG run i believe it will prove to be better than no PM at all.

2. QUESTION FOR EVERYONE. I am new here. Does anyone know if there currently exists any forum or internet space where Singapore PM owners can freely trade their PM holdings? This will benefit both the buyers and sellers because they can agree on a mid point between the Bullion store and the buyback price?

3. I have some 2015 Canadian Silver Maples Coins and 100gm Gold bars to offload. Anyone interested please contact me 90123000 - Arthur.

(To moderator - I am NOT a bullion store and am private individual. You can verify my purchase receipt if you want to. I hope you can allow this post Thank you!)

Any reply on this is greatly appreciated!

Arthur Koh
9012 3000

I seriously wonder if this time the shortage in silver is real. Or issit shortage in production capabilities.

Altho it is true that RCM and american mints and perth mints are seeing record sales.

But it could really just be production limitation and not limitation of the metal itself.

Theres also another "theory" saying that the silver stocks are being robbed from consumer side to ensure no shortages on industrial side. Thus leading to the reported 4-8 weeks wait time for delivery.

Also, the recent down in commodities would mean less mining activity overall...and we know that only 30% of silver are actually produced by primary producers. Hence it would not be unthinkable that the shortage could be coming from the by-product side.


But then knowing the perma pm bull side. Their stories can always take with a pinch of salt lolx.

What is your take?

 

[bakuten]

Hi Bakuten,

1. My personal view is that unless we are the very very insider, most of retail people like us very difficult to know the true story. But one thing we can be quite sure is that it is only a matter of time that something goes wrong w the monetary system due to all the money printing and derivatives..... The big question is no one knows when the SHTF will occur.

For this reason, I suggest to view PM as insurance. For those who just starting out, decide the amount you want to buy, buy it and "forget about it". And after that can have a monthly/quarterly/yearly savings plan to put PART of savings into PM. In the LONG run i believe it will prove to be better than no PM at all.

2. QUESTION FOR EVERYONE. I am new here. Does anyone know if there currently exists any forum or internet space where Singapore PM owners can freely trade their PM holdings? This will benefit both the buyers and sellers because they can agree on a mid point between the Bullion store and the buyback price?

3. I have some 2015 Canadian Silver Maples Coins and 100gm Gold bars to offload. Anyone interested please contact me 90123000 - Arthur.

(To moderator - I am NOT a bullion store and am private individual. You can verify my purchase receipt if you want to. I hope you can allow this post Thank you!)

Any reply on this is greatly appreciated!

Arthur Koh
9012 3000

1. agreed, just wanna see how everyone thinks.

2. goldclubasia forums would be your best bet.

3. this would work as well.

 

[foxer77]

1. agreed, just wanna see how everyone thinks.

2. goldclubasia forums would be your best bet.

3. this would work as well.

yes, agree gca u might able to get mid pt price instead pf sell back to shop

 

[hwmook]

Talk is cheap. Action is more impt. After 7 years of zirp...crazy lending sprees...how many banks will become insolvent should fed decide to raise rates?

Nope of the bank will become insolvent and in fact will benefit from raise in interest rate, you got to study more.