price of silver and gold after the dollar crashes

Ant22

The Living Force
FOTCM Member
#46
Someone on another thread mentioned that they bought their gold from Apmex. I live in England, so I was wondering if there was a UK equovalent to Apmex or if prople living in UK bought from them to. I think unconsciously I was pushing back buying precious metal because it make everything much more real. Oh well.

Hi DianaRose94, I live in the UK too and I buy my gold from Bullion By Post: Gold Bars - Buy Gold Bars Online UK | BullionByPost®

They have different options to choose from, the one I buy is the minted bars with an Assayer's signature on them. Here's an example: PAMP 1g Gold Bar | BullionByPost - From £43 They're more expensive but according to the research I've done before I started buying gold, they're easier to sell.

You can choose different amounts too. I buy my gold at the end of the month when I know how expensive the month was and how much I can afford as I am not exactly a rich person. In most cases it's 1 or 2.5 gram, but sometimes it's 5 or 10 gram. The amounts do add up over time and I now have a pretty little collection :-)

PAMP is a credible manufacturer of gold bullion and I found Bullion By Post listed on their website when I was trying to find a credible seller. If you choose Europe and then the UK from the drop down menu you'll see a list of suppliers: PAMP | Where to Buy They ship via recorded and signed for delivery and I've never had any issues. The delivery is free for you and insurance if paid for by the seller so if it does go missing you'll get your money back.

Initially I was a bit concerned that if the poo hits the fan the Big Brother will have a record of who has gold and request it to be returned or sold back to them for peanuts. Well, since I don't use official storage facilities but store my gold myself I can always say I sold it for cash - or it was stolen. :whistle:


It's best to walk into your local gold coin shop in person with cash and walk out immediately with the gold or silver. A lot of people have been ripped off when there is any delay or shipping involved.

I can imagine that different suppliers and countries offer different levels of security and if I was buying gold or silver coins from a shop I'd much prefer to do what hlat suggested: purchase them in person. Just in case the shop offers basic shipment only as that would involve some risk.

Here in the UK postal services are actually quite credible, especially when it comes to insured, tracked and signed for services. I did have packages going missing and I have been fully refunded for the value in those cases so the option I described above works well for me. They also have facilities in North America but I cannot comment on the security of postal services over there. Here, they offer a free and top of the range insurance and tracking.
 
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#47
Hi DianaRose94, I live in the UK too and I buy my gold from Bullion By Post: Gold Bars - Buy Gold Bars Online UK | BullionByPost®

They have different options to choose from, the one I buy is the minted bars with an Assayer's signature on them. Here's an example: PAMP 1g Gold Bar | BullionByPost - From £43 They're more expensive but according to the research I've done before I started buying gold, they're easier to sell.

You can choose different amounts too. I buy my gold at the end of the month when I know how expensive the month was and how much I can afford as I am not exactly a rich person. In most cases it's 1 or 2.5 gram, but sometimes it's 5 or 10 gram. The amounts do add up over time and I now have a pretty little collection :-)

PAMP is a credible manufacturer of gold bullion and I found Bullion By Post listed on their website when I was trying to find a credible seller. If you choose Europe and then the UK from the drop down menu you'll see a list of suppliers: PAMP | Where to Buy They ship via recorded and signed for delivery and I've never had any issues. The delivery is free for you and insurance if paid for by the seller so if it does go missing you'll get your money back.

Initially I was a bit concerned that if the poo hits the fan the Big Brother will have a record of who has gold and request it to be returned or sold back to them for peanuts. Well, since I don't use official storage facilities but store my gold myself I can always say I sold it for cash - or it was stolen. :whistle:





I can imagine that different suppliers and countries offer different levels of security and if I was buying gold or silver coins from a shop I'd much prefer to do what hlat suggested: purchase them in person. Just in case the shop offers basic shipment only as that would involve some risk.

Here in the UK postal services are actually quite credible, especially when it comes to insured, tracked and signed for services. I did have packages going missing and I have been fully refunded for the value in those cases so the option I described above works well for me. They also have facilities in North America but I cannot comment on the security of postal services over there. Here, they offer a free and top of the range insurance and tracking.

Oh thank you very much for all these information. If sh*t hit the fan, it wasn't Big Brother I was worried, but my fellow neighbours. When the economy and institutions crumble, senseless violence creeps up and dare I say becomes the norm. I didn't realise that some gold were easier to sell than other. Is it something to do with their property? I'll go with the one you buy. Thank you!
 

Ant22

The Living Force
FOTCM Member
#48
Oh thank you very much for all these information. If sh*t hit the fan, it wasn't Big Brother I was worried, but my fellow neighbours. When the economy and institutions crumble, senseless violence creeps up and dare I say becomes the norm. I didn't realise that some gold were easier to sell than other. Is it something to do with their property? I'll go with the one you buy. Thank you!

The type of gold bullion I linked it sealed by the manufacturer and it comes with its own certificate number. On top of that you get a proof of purchase from a credible source. One is an email confirmation and another one is a purchase receipt that arrives with your gold in an envelope. If you buy bullion of this type today you can sell it for pretty much the same price tomorrow. If you buy jewelry for example, you'll lose money on it if you decide to sell it.

Also, gold bullion is almost 100% gold, unlike jewelry and coins which have other metals added to it. This is because gold is actually quite soft.

9 karat gold comes with a stamp 375 which means it only has 37.5% of real gold in it.
14 karat gold comes with 585 stamp and 58.5% of gold content.
18 karat gold comes with a 750 stamp and 75% of gold content. If you've seen jewelry of this quality, it often has scratches on it as it is quite soft.

Here's more information: Gold Carats Explained - Metal Guide | H.Samuel

Same thing goes for coins, they too are made of gold and other metals added to it. Unlike jewelry they are much more stable in price but you'd need to purchase reputable coins. They're usually quite expensive so buying a gram or two of pure gold bullion is easier for me than buying coins which cost hundreds of Pounds.

I don't think anyone can predict what's going to happen in case of an economic crash really. That's why I buy what I can afford comfortably and without any financial pressure as opposed to buying loads becuase OMG THE ECONOMIC CATASTROPHE IS COMING! :-O If the world events decide to surprise us and there's no massive economic breakdown (long live Putin and his interfering with the PTB plans ;-)) then I'll have some nice gold in addition to my pension :cool2:

From what I've read about gold, bullion seems to be the safest gold investment and that's why I opted for it. That's what super rich people tend to invest in - although they go for kilograms, not grams. That said, it would probably be good idea to balance your portfolio with a couple of coins too - as long you have some certificate to go with it. There seems to be quite a lot of fake gold (and gold plated "gold") out there so it's better to be safe. Bullion By Post sells coins too if you're interested. They come with a purchase certificate and the same secure shipping that their gold bullion comes with.

Have a look into silver bullion too. I have bought some silver bars in addition to my collection too just to have a bit of variety in my wee little portfolio.
 
#49
I live in USA and have bought from JM Bullion for many years never been ripped off or lost a shipment..
100.oo usd $ mininmum order FREE shipping ...
THEY HAVE OFFICES IN Texas & Las Vegas USA..
I have one great Local shop as well that I have bought and sold with !
( some states charge Tax some don't ) ( some have to deal with you especially selling to them as the same as a Pawn Shop
ID etc....)
 
#50
I live in USA and have bought from JM Bullion for many years never been ripped off or lost a shipment..
100.oo usd $ mininmum order FREE shipping ...
THEY HAVE OFFICES IN Texas & Las Vegas USA..
I have one great Local shop as well that I have bought and sold with !
( some states charge Tax some don't ) ( some have to deal with you especially selling to them as the same as a Pawn Shop
ID etc....)
as i have said before most of my Silver is in 1 oz rounds but i do have 1/2 oz and 1/4 oz rounds
 

gdpetti

Jedi Council Member
#51
Looks like the retest on the lows for the PMs are about over...The $1200 retest has occurred and given the hold/short count, things should reverse... either quickly after a low retest or after a few days going nowhere, especially if that short squeeze gets started.... same as what's quite the other markets up for the last decade... reversal pattern here would signal the same reversal for the other markets... which would trigger the entire house of cards to start falling. The only real problem for the PMs is being priced in dollars... thus, as goes the dollar, so goes the PMs... until the dollar collapse comes and all the other markets go into collapse mode... which should be fun to watch.
 

BHelmet

Jedi Master
#53
In the USA I have also bought a big bag of "junk silver" which are older coins that are 90% silver. They are quite cheap and should do well in a barter type economy after a collapse or during hyper inflation since they are well known and of small weights for small transactions. A one ounce gold coin might be good for buying a car but nothing smaller. An ounce of silver could even become worth an unwieldy sum. But an old 10 cent piece should basically be a 20 dollar bill and a quarter a 100. That's my thinking.
 
#54
Preppers in Germany might want to consider buying German 5 D-Mark circulation coins, minted from 1951-1979 which contain 62.5 % silver (= 7 grams). Due to the current silver fixing rates they have a net worth of 3.50 €.
While the series of 5 DM commemorative coins can be bought at fair prices, the 5 DM Silberadler (silver eagle) might be more expensive if in good condition and is usually sought for by collectors.

Beware of 5 DM commemorative coins younger than 1979 which are made of nickel alloy.

 

gdpetti

Jedi Council Member
#55
Still doing the 1200$ testing.... shorts could get really squeezed here if they hang around much longer.... some big fish should send a signal soon... today's action points to the stressing that is occuring here and in the major markets.... and given our position, it should point to reversal.
 
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