87 votes

Why not invest in precious metals?

Precious metals have primarily been useful as a stable store of value, not a way to make a profit The best argument in favor of precious metals has generally been that they hold their value against ...
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  • 11.6k
31 votes
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Where to sell metals with numismatic value

What do the coins go for on eBay compared to what the coin shop is offering? I wouldn't expect to be able to resell a non-graded, recent coin like this at the retail price the mint offers. The mint ...
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  • 20.4k
31 votes
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Are precious metals/collectibles a viable emergency fund?

If it were me, I would convert it to cash and keep it in a liquid account. The assumption that silver will increase in value is misguided. From 1985 to 2002, it was flat. It's gone up and been far ...
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  • 74.9k
17 votes
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Is the Canadian Gold Maple Leaf actually used as legal tender?

Just because the coins are legal tender does not mean that they are "in circulation" and people are spending them at stores. Yes, the Canadian Gold Maple Leaf is legal tender, as is the American Gold ...
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13 votes

Are precious metals/collectibles a viable emergency fund?

If you were asking if you should buy silver for an emergency fund, I'd say no. But, you already have it... Note: I wrote most of the below under the assumption that this is silver bullion coins/bars;...
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  • 3,491
11 votes

Where to sell metals with numismatic value

The best opportunity to sell small amounts of collectible coins is to go to coin shows. Now the gold and silver coins from the U.S. Mint catalog-website are not bullion but are mint-marked coins.
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  • 3,439
11 votes

Is the Canadian Gold Maple Leaf actually used as legal tender?

How could it be that this gold coin was created as legal tender when its gold content is much higher than its face value? There are many coins that have market value far above their face value, ...
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  • 63.9k
9 votes

Are precious metals/collectibles a viable emergency fund?

People normally hold precious metals as a protection against the whole system going down: massive inflation, lawlessness, etc. If our whole government and financial system broke completely and we ...
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  • 14.9k
6 votes

Gold coins with face value greater than the metal value — what's the catch?

I came across this €1000 coin, which can actually be bought for €1000. It contains 17 grams of gold, worth about €600 today. Is there any downside to this over keeping €1000 in regular banknotes? ...
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  • 56.6k
6 votes

Why not invest in precious metals?

Gold stocks (and ETFs and mutual funds comprised of gold stocks) are a reflection of the price of gold during that period. There are years when they are the best or near best performers among all ...
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  • 73.7k
6 votes
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Gold - What is GB01/CHF? How does a metal account work?

GB01 means a gold bar with 1g and GB01/CHF means the price in swiss francs, in this case 51.92 CHF per gramm. And to add the important investment advice: if you can't figure out what you are trading, ...
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  • 6,678
5 votes

Is it the truth that gold / silver coin costs differently in different countries?

I am sure that it is true that the cost of a 1oz gold coin (or whatever the size is) is different in different countries. However the difference is going to be tiny (apart from differences in duty) - ...
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5 votes

Bullion coins questions

I'm planning on buying Vienna Philharmonic bullion coins. What confuses me the most is the face value of the coins. For instance, copper coins have face value of 5 euros. You have confused bullion ...
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  • 4,769
5 votes

Investing while the Canadian dollar is really low

You are making the assumption the Canadian dollar is at a low point and will recover. The current level could be the new normal for many years. It could also fall further. If you are looking to ...
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  • 614
5 votes
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Investing while the Canadian dollar is really low

If you're investing for the long haul, then focusing on Canadian ETFs is probably the best place to start. In the long run, the relative value of the Canadian dollar with respect to other currencies ...
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  • 3,632
5 votes

How would the discovery of El Dorado impact the price of gold?

To make a reasonable answer to your specific questions, A) The ElDorado idea is silly B) There's about 30,000 tonnes of gold bullion. (FYI see the discussion on this specific figure, it may be bigger.)...
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  • 13.5k
4 votes
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Cost of carrying precious metals in portfolio

The SPDR ETF GLD? The fund intends one share to match 0.10 ounce of gold, and the wikipedia article states it's one of the top 10 holders of bullion in the world.
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  • 8,241
4 votes
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Is the Gold precious metal undervalued (towards the end of 2021)?

Very little gold is used for important industrial things. Most of it is turned into shiny trinkets, or just hoarded in vaults. As a result, it's impossible to say what the "correct" price ...
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  • 8,393
3 votes
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Do precious metals and mining sector index funds grow as much as the general stock market?

Metals and Mining is an interesting special case for stocks. It's relationship to U.S. equity (SPX) is particularly weak (~0.3 correlation) compared to most stocks so it doesn't behave like equity. ...
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  • 6,530
3 votes

Is the Canadian Gold Maple Leaf actually used as legal tender?

This kind of coin is issued because: It's a known weight and purity which makes it easy to buy and sell. The fiat value of them creates a bottom for their value. That is, they will always be worth C$...
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  • 3,419
3 votes

Relationship between silver and gold prices historically

For what it's worth, here is a Granger causality test on 10 years of daily gold and silver data downloaded from Nasdaq. Here is the data plotted:- and here are the Granger test results:- This shows ...
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  • 8,851
3 votes
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Can you explain to me, in what months are the futures and options on gold and silver listed, based on the CME description?

The months that have listed futures and options change as time goes on, so that description is accurate. For example, it's currently June. So there should be Gold futures for July, August, September ...
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  • 114k
2 votes

Can individual investors buy precious metals at the spot price?

There are various exchanges around the world that handle spot precious metal trading; for the most part these are also the primary spot foreign exchange markets, like EBS, Thomson Reuters, Currenex (...
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  • 5,997
2 votes

Are there commodity streaming stocks outside of precious metal streams?

Not specifically a "stream", but there are royalty companies that operate based on a similar concept. With a royalty, a party will pay upfront to a another party, usually a product manufacturer, oil &...
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2 votes

Cost of carrying precious metals in portfolio

I have some gold investments. I simply bought a couple of small bars of gold and put them in my house. That's pretty cheap in terms of storage costs. Why don't you want to do it this way? You won't ...
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  • 263
2 votes

Bullion coins questions

A bronze coin is not bullion. Copper could be bullion but it would have to be very large. In fact I only see the Philharmonic coins in gold, silver, and platinum. There are many collectible coins ...
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  • 3,439
2 votes

How can one invest in bismuth?

As of Dec 2017, there are 4 major spot markets: Rotterdam, USA (New York), India and China. Argus covers all of them, Platts covers New York. Currently, there are no futures based on any of the ...
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  • 1,742
2 votes

How would the discovery of El Dorado impact the price of gold?

I have gold in my long-term investment portfolio This is unwise. An investment is something producing return: Forest grows Bonds pay interest Stocks pay dividend Real estate pays rent With an ...
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  • 6,355
2 votes

Is value investing applicable to precious metals?

Not really, in my opinion. Value investing deals with finding assets that under-priced relative to their expected cash flows PMs generally do not generate cash and their gains typically come from ...
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  • 31
2 votes

What are decent premiums for physical silver / gold coins / bars?

The premium for silver seems to be much higher than for gold, looking at the Kitco web site as an example of a large dealer. So if you want to pay as little premium as possible, buy gold instead of ...
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  • 8,393

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