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on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ (lain@lain.com)'s status on Wednesday, 06-Dec-2023 01:28:26 JST on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ want to buy some gold for christmas for my family but it's at an all time high...
i'll get silver instead (looks better as a gift too unless you want to give everyone $1000 gifts)- kaia likes this.
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kaia (kaia@brotka.st)'s status on Wednesday, 06-Dec-2023 01:31:26 JST kaia @lain will you get multiple coins of the same kind or different coins? I like to collect, but I heard that's bad for investment to just have 1 coin of each kind. -
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on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ (lain@lain.com)'s status on Wednesday, 06-Dec-2023 01:36:35 JST on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ @kaia i'll probably get different ones, just because they have different designs and i'd like to match the design to the personality (like, a dinosaur coin for a kid, an elegant design for an adult). I know these are not the best for reselling, but as there's no real culture of keeping precious metals in germany, i think the design should be important, otherwise the thing would just be sold soon. kaia likes this. -
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istván (istvan@noagendasocial.com)'s status on Wednesday, 06-Dec-2023 01:39:36 JST istván @kaia @lain Depends if you are buying them to sell as coins or buying them for the metal value.
I mentioned the other day, but the best buy for metal is to just buy metal. Pennyweight jars of 24K casting shot are priced about 3%-4% over spot, which is pretty much the closest you can get.
You can resell it to any refiner and usually recover 98% of spot if you are willing to wait a day or two for the money.
kaia and on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ like this. -
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kaia (kaia@brotka.st)'s status on Wednesday, 06-Dec-2023 01:39:51 JST kaia @lain can you import them to DE? because buying here suxxx since silver is not tax exempt. -
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Terry Hendrix II 🏹 (thendrix@social.hendrixgames.com)'s status on Wednesday, 06-Dec-2023 01:40:51 JST Terry Hendrix II 🏹 The market manipulation has been “due to collapse” for so long. To be fair silver will have to match ratio at some point as it’s a physical material.
kaia and on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ like this. -
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on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ (lain@lain.com)'s status on Wednesday, 06-Dec-2023 01:42:31 JST on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ @kaia i'll probably still get them in germany just to avoid the hassle, even if it's more expensive. kaia likes this. -
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Matthew Skala (mattskala@mstdn.io)'s status on Wednesday, 06-Dec-2023 02:36:58 JST Matthew Skala @lain All the usual disclaimers apply, but my ratio model says the only good buy in precious metals at the moment is platinum. It's been below both gold and palladium for several years, which is historically unusual. The platinum-palladium ratio seems highly likely to reverse soon (palladium should be cheaper on chemistry and abundance, has been more expensive recently, now is about equal); platinum-gold may take much longer if ever.
on-lain ✔ᵛᵉʳᶦᶠᶦᵉᵈ likes this.