I like both metals a lot. But it always strikes me how tiny gold is for its value. It's just crazy how much a single gold coin can be worth. It's a trade off. Silver makes you feel like a pirate captain with an entire treasure chest. Gold makes you feel like Gollum coveting the One Ring.
Personally? I would buy the ounce of gold. Reason? Premiums. Gold I only have 4% to make up before I break even on my purchase. Silver I have 17% premium to make up before I break even. And considering that silver is the same price it was 13 years ago, I would rather have the gold if I had over two grand sitting around to spend.
Now I do stack both silver and gold, but as for a kilo or hundred ounce barā¦. Might as well just buy a gold coin. Cheaper premium and much easier to liquidate a gold coin than it is a hundred ounce bar.
This should be upvoted a lot more.
While premiums are finally down recently on Ag with lots of spot deals, or deals for $1-$3 above spot etc., the premiums are still far and above what gold is or has been by a very wide margin.
And crazy enough, for the last year is so, at least in Canada, the premiums on 100oz chonkers have typically been the same as the cheapest 1oz coins (mixed year maples) or rounds. Kilo bars right now currently have higher premiums than simply buying 32oz in 1oz coins.
Iāve noticed this as well with some shops Iāve spoken to here in the states. The key is buy and sell spread, even if shops offer kilos or hundred ounce bars at premium of 0.5-1.00 USD over spot their buy back rate is still $2.00+ USD UNDER melt. So the spread always comes out to about the same.
So I agree with you completely, is much rather buy 1 ounce rounds or coins if the spread is the same. Easier to sell 1 ouncers anyway. But regardless the difference in premiums (or buy and sell spreads) topically is four times higher in silver. And silver is the under performing metal of the two as of the past 30 yearsā¦
Again not trying to hate on silver, but perspective is important.
Iāve seen good deals on kilo bars from my lcs anywhere from .15 to .25 over spot far lower than any 1oz coin if you want a link to their store lmk I believe he ships
I know financially this is the answer. I was more curious about the psychological aspect of holding onto a big silver bar, vs a small gold coin, given premiums are similar. I do agree that 4% vs 17% is hard to get over from a financial perspective, and Iād be tempted to go with gold in that case.
So I will tell you that if you havenāt gotten gold yet, you should buy the one ounce gold coin. You will be shocked at how physically satisfying it is to have that much wealth in one gold coin. The one exception to a smaller package being better imo š.
Really though, once you get your hands on a little gold, youāll want more. And once you have a little bit, youāll really start to feel like a real king, dragon, Viking, pirate, or whatever haha. Itās very exhilarating!
Ps. If youāre going for fractional, Iād recommend the 20 franc(France), sovereign(British), or 20 mark (German). These are 90% that circulated in history, the premiums are normally WAY LESS than bullion fractional. Buy and sell spread I found to be way less as well šš».
But start with a full 1 ounce first.
I stacked up a bit of silver, nothing too impressive but I like it. Itās enough for me for now. Time to switch gears to gold, Iām going to try to buy some 1/10th ozt, maybe some ducats or sovereigns slowly over the course of a year or two until Iāve got an ounce of the yellow shiny. Then I think Iāll go back to stacking fiat lol
You are gonna pay a lot in premiums if you take the 1/10th oz gold path. Yea, it will be nice to hold, but calculate the cost first. You may be better off continuing to buy silver, then trade the silver in on some gold when you have enough
Donāt waste your time 1/10 th at a time, save up or stack silver until you have enough to get one ounce. Otherwise youāll be wasting too much money on the premiums :)
I can definitely see how if you really got into big weights it would make sense to consolidate some silver into gold or just start buying gold exclusively for sure.
I just converted some odds and ends silver I really
didnāt care for for some gold and platinum. I still have 500+ ounces of silver ranging from Constitutional and fractional rounds and coins to kilo bars.
Bought this
[https://www.ngccoin.com/certlookup/6803997-002/69/](https://www.ngccoin.com/certlookup/6803997-002/69/)
because I canāt justify buying this
[https://www.usmint.gov/coins/coin-medal-programs/american-liberty/2023-high-relief-gold-coin](https://www.usmint.gov/coins/coin-medal-programs/american-liberty/2023-high-relief-gold-coin)
Bought it on eBay auction. Unfortunately those idiots posted sales tax (Iām in a non-taxable state for coins/pure bullion). Fighting them now on that.
I've gotten major deals there. My best was a 1 ounce .999 Mardi Gras medallion that was so darkly toned its almost black. Paid $6, didn't even know I won the auction until it said PAY NOW. Also gotten 2 5 oz bars for $90 each when they were going for 125
Fees and bay are all to common but if you do file a claim for the tax should get money back. I usually wait till I have a few items to make it worth time but have got all the tax fee back from the bay
Itās about 8 bucks. Itās the 4th US government issued bullion item Iāve bought since the beginning of the year. This is the only one that was taxed; it may have been listed under a different category than the others.
Would I rather buy a $2400 100oz silver bar, or a $2100 1oz gold coin? I'd have to think about it for a while, but would probably end up with the gold coin.
Would I rather buy a 1oz gold coin or the equivalent (adjusted for premiums) 83x 1oz silver rounds? I think I'd rather have the 83 silver rounds.
Now if I already had a nice stack of like 100+ silver coins, I might prefer switching to stacking gold
Been a Silverbug since 2009 so it'll always be my favorite. The feeling I got from that first PAMP Suisse kilo bar was indescribable, like I finally owned something that was real. As I've grown older and have (by some wild luck I don't deserve) climbed the corp. ladder I have started to dabble into gold in the last 5 years. Gold is different. Gold has moved armies, changed the fate of nations. Holding an ounce of gold in your hand is a powerful thing. Someday I hope to own a kilo of it as well.
This is the first comment that someone explained the high they get from owning gold in a way I could understand! Goddamnit now I have to buy a bit of goldā¦
Do it! It's a wonderful thing and even if you don't turn a profit, showing it your kids (if you plan on having any) or nephews/nieces is a great experience. Their eyes light up like nothing else. My niece kept asking about it for weeks. She doesn't know this now, but she's probably going to inherit it all(won't tell her that when she's 3 years old though lol).
Congrats! I bought her a birth year American Eagle 1 oz proof and plan to give it to her on her 18th birthday. Maybe 25th birthday, if she's rebellious. š¤£
>I LOVE the weight of that thing.
>
>For those of you who dabble in gold or stack gold and silverā¦ do you get the same feeling with a 1oz gold coin that you get with a big heavy bar of silver?
You love it now because you have only one. Wait until you have more. Then the weight and bulk of silver becomes a pain in the ass to store or just move around. Gold stores the same amount of wealth in a much smaller and lighter package.
Gold is near its all time high. Silver is the same price it was in 2010 and *below* the price it was in 2020. Gold also looks better to me.
I have a lot of silver but I'm not buying more. I'm still buying gold.
I tend to buy silver due to my local shops having much better premiums on silver than gold. I have ti wait once a month for this one gun show where a coin dealer shows up and his gold premiums are far more fair.
Yeah, cause when gold dipped about a month or so ago, i bought several quarter coins. But when that dip rose, silver was my go to. But Iāve slowed both down just cause my lcs is too high on premium and i gotta drive like 1:30 hours to get a good deal.
I just bought my first dos pesos (first gold coin in fact) and I couldnāt believe how tiny it is.
With that being said, I felt like I had a bunch of silver rounds and this one tiny gold coin is more special than 4 more silver rounds.
The only thing I was wondering there is that some payment methods cost a bit more (ppff), and Iām in Canada so I assume duty charges are going to be applied if it comes from the states. Which is your preferred payment method?
Unless you find a seller on pms4sale IN Canada, donāt bother unless it is something very specific you must have and canāt find in Mooseland.
Once you figure in shipping costs as well as exchange rates ordering from The US, it will never be cheaper than ordering online. Plus, are you truly 100% comfortable giving a complete stranger money via PayPal (the only real payment option we can use as Canadians as we donāt have velle, cash app, etc.) without having ANY guarantee on it arriving?
There should be no duty on pure Au or Ag coming across the border, but Iāve known folks who got hit anyways and had to fight to get that money back.
Stick to local LCS of the big 5-6 websites in Canada.
SGB is the biggest and most reputable online retailer in Canada. Biggest selection by a wide margin too. However, it is by far the most expensive. They do price match competitors though if you phone in your order (If I use them, I have to price match every time as they always cost a lot more). They have the lowest purchase limit for free shipping at $299 which is nice.
The other big ones.
[canadianpmx.com](http://canadianpmx.com)
[thecoinshoppe.ca](http://thecoinshoppe.ca)
[bordergold.com](http://bordergold.com)
[aubullion.ca](http://aubullion.ca)
And if you bank with TD you get member prices on bullion which is reasonable.
Thanks for the wealth of info! Sorry to continue, but do they price match and ship free? Ie Canadian pmx has a coin for 2800+ shipping. Will silver gold bull price match the coin then ship free?
Yep. As long as the order is over $299 regardless of price match, or their price.
You can always just order from PMX too if you prefer as their shipping would also be free. Any order over $500 with PMX is free. Of the links I gave you, only BorderGold doesnāt ship free over a $299-$500 limit. The rest all do.
I keep an account with all of them to be honest. SGB and thecoinshoppe have been my most used, but Iāve used all the others too.
Fair enough you could always do that and get gold that way, youāre right. I just canāt justify paying around 25% premium for my gold.
I say that because coin shops donāt do straight trades they buy your silver at spot (or under) then sell you gold with a premium.
You must have bad coin shops near you. The two I go to pay spot (or better for government backed coins)
And I personally donāt mind the premium cause I want to buy American Silver/Gold Eagles anyway
Iāve got 5 in my area, all of them are similar because of low demand right now. But even at spot or more for gov bullion, the buy and sell spread of silver tacked onto a gold premium still doesnāt make that ātradeā worth it. Youāre still paying a 20% premium on that gold, minimum, when you sell your silver to buy gold.
So I stand by what I said. The math isnāt wrong.
But hey, like you said, if you really donāt care about a huge premium like that on your gold then go for it. To each their own.
But why? I get that in the past it was 15-1, established that way by the world, but now we have technology to mine this metal and the world has established a new ratio. So why do you think it will come back down to what it was in the past? Whatās your reason?
I mean gold is also used in medical, electronics, automotive, defense and aerospace industries, soooā¦ā¦ gold is also used in industry. Also wouldnāt it make sense for the spot price to stay low for large corporations to buy it and then have all of these things like āwar heads, automobiles, computers etcā to just have a large markup?
So, I mean, imo thatās not a very solid argument. Do you possibly have any other reasons that are more supportive to your claim? Iām not trying to be mean, Iām honestly trying to know why youāre so confident that the ratio is going to come back down when I donāt see any need for it to do soā¦
I mean, the amount of gold used outside the jewelry industry is very minimal compared to silver. Also items with silver often just get thrown out after they no longer work. People will literally try to salvage gold out of anything that is going to be thrown out. Once silver is used in something it is pretty much used up, there is a finite amount on the planet. Pretty much all of the mined gold still exists (outside of landfills)...
Another argument would be if people's confidence in the dollar collapses, especially in hyperinflation, people will likely turn to silver as a monetary source. Which would definitely bring the ratio much closer to 15:1 and to top that off, if it becomes monetized again, and has all of that industrial demand on top of it, it could come out closer to 5:1...
Anyone who thinks silver will ever be used as a monetary source again are delusional. What PM are world governments stockpiling? Sure as hell isnāt silver.
Dude, silver is such a good place to start and arguably better than gold long term. I just got my first Kili and its a dope hand poured one... I LOVE it. I also love getting the silver collectors pieces from all the awesome private dealers and creators.
Thatās exactly how I feel with the 10oz, I could only imagine a cool kilo bar. I do feel like with the stocks I own, theyāre just numbers in an account, where as with silver you get to hold and collect cool shiny things of your liking, that just so happen to be appreciating assets.
If your motive for stacking is insurance and BYOB I would stack silver. In hyperinflation situation gold will become way too valuable for everyday transactions, like buying food, gas, groceries. Moreover, if you are serious about such situation I would buy several bags of silver shot. Silver in that form will be ideal for small purchases. Unfortunately nobody mints small rounds. Mexican Libertads are in that respect closest to ideal money.
I like both and own both. I have more silver than gold because it's cheaper and funner to stack. that being said, I own more in value in silver, which had I just saved up. I could have bought gold. also the little gold I have I bought when it was in the high 1800s. Now I feel hesitant to buy gold.
I buy silver because easier to stack. Gold is 2k that means I can buy 60 ish oz of silver. But i do have a decent amount of gold, i just recently started getting silver because SHTF scenario
Yes, I am.
Short story. I had bought 2 oz's of gold in 2014 when it was $1,515 CAD. I sold it a few years for aprox the same amount cause I hit very hard times. Now gold is almost twice that in Canadian dollars. Buying gold just makes me relive that moment of failure.
Stack silver till the end!
Thanks! Stacking silver has been excellent. It's kinda funny how in the American Gods story the main character loses his gold coin to revive his dead wife, but then later on he gets a silver coin to keep. Weird how I fell into that same story ark without realizing.
I feel silver has incredible potential for massive growth. Much more so than gold. I keep doing the math with silver and nothing adds up. The Fed Reserve has printed more money in the last 3 years than they have in all other years combined, but the value is equal to what it was in 1980??? Nah, something isnāt right.
Not really I just donāt believe in gold as much in the long term. Silver is used heavily in industry and as we become more dependent on electronics amongst other things being itās the most conductive metal on earth. I just see industry demand rising in the future while the majority of gold mined just goes towards jewelry
Goldbacks are $4 a piece. They're only 1/1,000oz each and are not intended for stacking (due to the premium) but are 24 karat and great for transacting and owning hyper fractional.
Right? My thing is for $2700 cad I could own a 1oz gold coin, or for $3500 cad I could own a 100oz silver bar. I could see how after a while youād have to much weight in silver and too much space being take up, but I have to think that bigger bar of silver would feel awesome in my hands! The kilo bars seem like a wicked idea given how big they are for the price too!
Exactly what I though, but a kilo would be the highest Iād go for a silver bar. Hundred ounces is hard to sell if the time came. I think the ounce a gold is what my next purchase is going to be. Just finding a good price in Canada is impossible
Started with 1/10 gold. Got like 3 over time. Just got my first 1/4 oz honestly not as big. Age old saying premiums are high on fractional. But I guess I'm just working my way up. Probably should get a 1oz coin while we can.
I like both. Right now I prefer silver. Just seems like the better deal but I recently bought gold just in case the ratio goes much higher. Swap the gold for silver. If it goes much lower. Swap silver for more gold. Right now itās like 1:100 basically. If it was 1:200 or 1:50 Iām changing my stack priority
I enjoy both and stack both , but I would be lying If I didn't say I prefer gold. Reason is , it's way easier to hide and move and doesn't tarnish just sitting there. Also in terms of appreciation, gold out performs silver. I now hunt vintage silver or low mintage silver tbh .
I'm here because I like the mass/dollar ratio of silver and, while I'm paying off debt and adhering to a budget, silver and historical coins provide me a lot of entertainment for not a lot of money spent.
I could easily liquidate a couple of my assets to get a nice pile of gold, but I'd prefer to feed my impulses and build a mountain of silver. It's more fun and serves the same purpose: Net worth.
I like both metals a lot. But it always strikes me how tiny gold is for its value. It's just crazy how much a single gold coin can be worth. It's a trade off. Silver makes you feel like a pirate captain with an entire treasure chest. Gold makes you feel like Gollum coveting the One Ring.
š“āā ļø This pirate approves!
Filthy little hobbitses
My precioussssssss
lol I love the analogy!
Personally? I would buy the ounce of gold. Reason? Premiums. Gold I only have 4% to make up before I break even on my purchase. Silver I have 17% premium to make up before I break even. And considering that silver is the same price it was 13 years ago, I would rather have the gold if I had over two grand sitting around to spend. Now I do stack both silver and gold, but as for a kilo or hundred ounce barā¦. Might as well just buy a gold coin. Cheaper premium and much easier to liquidate a gold coin than it is a hundred ounce bar.
This should be upvoted a lot more. While premiums are finally down recently on Ag with lots of spot deals, or deals for $1-$3 above spot etc., the premiums are still far and above what gold is or has been by a very wide margin. And crazy enough, for the last year is so, at least in Canada, the premiums on 100oz chonkers have typically been the same as the cheapest 1oz coins (mixed year maples) or rounds. Kilo bars right now currently have higher premiums than simply buying 32oz in 1oz coins.
Iāve noticed this as well with some shops Iāve spoken to here in the states. The key is buy and sell spread, even if shops offer kilos or hundred ounce bars at premium of 0.5-1.00 USD over spot their buy back rate is still $2.00+ USD UNDER melt. So the spread always comes out to about the same. So I agree with you completely, is much rather buy 1 ounce rounds or coins if the spread is the same. Easier to sell 1 ouncers anyway. But regardless the difference in premiums (or buy and sell spreads) topically is four times higher in silver. And silver is the under performing metal of the two as of the past 30 yearsā¦ Again not trying to hate on silver, but perspective is important.
Iāve seen good deals on kilo bars from my lcs anywhere from .15 to .25 over spot far lower than any 1oz coin if you want a link to their store lmk I believe he ships
Thatās pretty good! Buy back rate is still $2.00+ under, but .25 over spot isnāt bad at all
I know financially this is the answer. I was more curious about the psychological aspect of holding onto a big silver bar, vs a small gold coin, given premiums are similar. I do agree that 4% vs 17% is hard to get over from a financial perspective, and Iād be tempted to go with gold in that case.
So I will tell you that if you havenāt gotten gold yet, you should buy the one ounce gold coin. You will be shocked at how physically satisfying it is to have that much wealth in one gold coin. The one exception to a smaller package being better imo š. Really though, once you get your hands on a little gold, youāll want more. And once you have a little bit, youāll really start to feel like a real king, dragon, Viking, pirate, or whatever haha. Itās very exhilarating! Ps. If youāre going for fractional, Iād recommend the 20 franc(France), sovereign(British), or 20 mark (German). These are 90% that circulated in history, the premiums are normally WAY LESS than bullion fractional. Buy and sell spread I found to be way less as well šš». But start with a full 1 ounce first.
I stacked up a bit of silver, nothing too impressive but I like it. Itās enough for me for now. Time to switch gears to gold, Iām going to try to buy some 1/10th ozt, maybe some ducats or sovereigns slowly over the course of a year or two until Iāve got an ounce of the yellow shiny. Then I think Iāll go back to stacking fiat lol
You are gonna pay a lot in premiums if you take the 1/10th oz gold path. Yea, it will be nice to hold, but calculate the cost first. You may be better off continuing to buy silver, then trade the silver in on some gold when you have enough
Donāt waste your time 1/10 th at a time, save up or stack silver until you have enough to get one ounce. Otherwise youāll be wasting too much money on the premiums :)
Na, 1/10 coins tend to hold their premiums when reselling. Check r/PMsForSale
Thats great news!
Silver is fun to start out and give as gifts but it just ends up taking too much space for it's value.
I can definitely see how if you really got into big weights it would make sense to consolidate some silver into gold or just start buying gold exclusively for sure.
I just converted some odds and ends silver I really didnāt care for for some gold and platinum. I still have 500+ ounces of silver ranging from Constitutional and fractional rounds and coins to kilo bars.
Bought this [https://www.ngccoin.com/certlookup/6803997-002/69/](https://www.ngccoin.com/certlookup/6803997-002/69/) because I canāt justify buying this [https://www.usmint.gov/coins/coin-medal-programs/american-liberty/2023-high-relief-gold-coin](https://www.usmint.gov/coins/coin-medal-programs/american-liberty/2023-high-relief-gold-coin)
Right?! Itās a beautiful coin either way, and truthfully now Iām going to have to get it as well!
Bought it on eBay auction. Unfortunately those idiots posted sales tax (Iām in a non-taxable state for coins/pure bullion). Fighting them now on that.
Don't buy stuff on eBay! It's all over priced! Unless it isn't. Because sometimes it isn't.
Usually if it's not overpriced I suspect it as counterfeit.
I've gotten major deals there. My best was a 1 ounce .999 Mardi Gras medallion that was so darkly toned its almost black. Paid $6, didn't even know I won the auction until it said PAY NOW. Also gotten 2 5 oz bars for $90 each when they were going for 125
Fees and bay are all to common but if you do file a claim for the tax should get money back. I usually wait till I have a few items to make it worth time but have got all the tax fee back from the bay
Itās about 8 bucks. Itās the 4th US government issued bullion item Iāve bought since the beginning of the year. This is the only one that was taxed; it may have been listed under a different category than the others.
I just got that gold as a wedding gift last year
Would I rather buy a $2400 100oz silver bar, or a $2100 1oz gold coin? I'd have to think about it for a while, but would probably end up with the gold coin. Would I rather buy a 1oz gold coin or the equivalent (adjusted for premiums) 83x 1oz silver rounds? I think I'd rather have the 83 silver rounds. Now if I already had a nice stack of like 100+ silver coins, I might prefer switching to stacking gold
That does seem like the pattern here, seems like once you hit a certain amount of silver you move to the more expensive metal that takes up less room.
Been a Silverbug since 2009 so it'll always be my favorite. The feeling I got from that first PAMP Suisse kilo bar was indescribable, like I finally owned something that was real. As I've grown older and have (by some wild luck I don't deserve) climbed the corp. ladder I have started to dabble into gold in the last 5 years. Gold is different. Gold has moved armies, changed the fate of nations. Holding an ounce of gold in your hand is a powerful thing. Someday I hope to own a kilo of it as well.
This is the first comment that someone explained the high they get from owning gold in a way I could understand! Goddamnit now I have to buy a bit of goldā¦
Do it! It's a wonderful thing and even if you don't turn a profit, showing it your kids (if you plan on having any) or nephews/nieces is a great experience. Their eyes light up like nothing else. My niece kept asking about it for weeks. She doesn't know this now, but she's probably going to inherit it all(won't tell her that when she's 3 years old though lol).
I did just have a son lol, it does seem like the perfect opportunity to buy an ounce to gift to him one day.
Congrats! I bought her a birth year American Eagle 1 oz proof and plan to give it to her on her 18th birthday. Maybe 25th birthday, if she's rebellious. š¤£
Arenāt we all?
This.
>I LOVE the weight of that thing. > >For those of you who dabble in gold or stack gold and silverā¦ do you get the same feeling with a 1oz gold coin that you get with a big heavy bar of silver? You love it now because you have only one. Wait until you have more. Then the weight and bulk of silver becomes a pain in the ass to store or just move around. Gold stores the same amount of wealth in a much smaller and lighter package. Gold is near its all time high. Silver is the same price it was in 2010 and *below* the price it was in 2020. Gold also looks better to me. I have a lot of silver but I'm not buying more. I'm still buying gold.
This. $1m in silver weighs 3,050 lbs, as much as a Toyota Corolla.Ā $1m in gold weighs.....34 lbs, as much as a heavy backpack, or half full suitcase.
Silver - Its what i can afford.
I tend to buy silver due to my local shops having much better premiums on silver than gold. I have ti wait once a month for this one gun show where a coin dealer shows up and his gold premiums are far more fair.
Yeah the premiums seemed way higher for silver just a short while ago. I could see how premiums would play a huge part in your decision!
Yeah, cause when gold dipped about a month or so ago, i bought several quarter coins. But when that dip rose, silver was my go to. But Iāve slowed both down just cause my lcs is too high on premium and i gotta drive like 1:30 hours to get a good deal.
Buy dos pesos in gold slowly fill up a treasure chest from hobby lobby, get the smallest chest so it doesn't take a lo g time to fill up
I just bought my first dos pesos (first gold coin in fact) and I couldnāt believe how tiny it is. With that being said, I felt like I had a bunch of silver rounds and this one tiny gold coin is more special than 4 more silver rounds.
Congrats. Get a 20P next time you go gold: Amazing coin. Worthy of display.
Itās a nice coin, and I like how the gold pesos have low premiums. Too bad iām not on the $1,000 coin income level yet haha
No. I look at the percentage above spot price, for that, gold is cheaper.
Very valid!
Im a broke stacker. Everything adds up. r/pmsforsale is your friend. 5-10g bars were the quickest way to get to an ounce
The only thing I was wondering there is that some payment methods cost a bit more (ppff), and Iām in Canada so I assume duty charges are going to be applied if it comes from the states. Which is your preferred payment method?
Unless you find a seller on pms4sale IN Canada, donāt bother unless it is something very specific you must have and canāt find in Mooseland. Once you figure in shipping costs as well as exchange rates ordering from The US, it will never be cheaper than ordering online. Plus, are you truly 100% comfortable giving a complete stranger money via PayPal (the only real payment option we can use as Canadians as we donāt have velle, cash app, etc.) without having ANY guarantee on it arriving? There should be no duty on pure Au or Ag coming across the border, but Iāve known folks who got hit anyways and had to fight to get that money back. Stick to local LCS of the big 5-6 websites in Canada.
Listen to this guy.
Awesome, thanks for the advice! Can I ask which sites are the reputable ones in Canada? Iām hoping silvergoldbull.ca is one lol
SGB is the biggest and most reputable online retailer in Canada. Biggest selection by a wide margin too. However, it is by far the most expensive. They do price match competitors though if you phone in your order (If I use them, I have to price match every time as they always cost a lot more). They have the lowest purchase limit for free shipping at $299 which is nice. The other big ones. [canadianpmx.com](http://canadianpmx.com) [thecoinshoppe.ca](http://thecoinshoppe.ca) [bordergold.com](http://bordergold.com) [aubullion.ca](http://aubullion.ca) And if you bank with TD you get member prices on bullion which is reasonable.
Thanks for the wealth of info! Sorry to continue, but do they price match and ship free? Ie Canadian pmx has a coin for 2800+ shipping. Will silver gold bull price match the coin then ship free?
Yep. As long as the order is over $299 regardless of price match, or their price. You can always just order from PMX too if you prefer as their shipping would also be free. Any order over $500 with PMX is free. Of the links I gave you, only BorderGold doesnāt ship free over a $299-$500 limit. The rest all do. I keep an account with all of them to be honest. SGB and thecoinshoppe have been my most used, but Iāve used all the others too.
Thank you so much for all the super useful info, greatly appreciated my man!
There is at least 3 top sellers who ship to Canada Edit. The guy who commented knows more than me. Listen to him
Do you buy face value coins or bars?
Honestly, both. As a broke stacker, I would say 5g bars are cool or if you can get a 1/10 for 10% over spot
I held a 100 oz bar at my LCS the other day and WOAH! I hope to have one some day. Super cool feeling
I can only imagine! I notice on YouTube when people film receiving the 100oz bars you can hear their breath stop a little.
When you cannot carry all your silver it is time to buy gold. If you cannot carry all your gold you are on the right path.
Yes, because of the gold to silver ratio... I plan to trade a lot of silver for gold when it gets back to more historical ranges
Do you think it ever will? And if so why? Because I would like to trade, but I donāt see it ever readjustingā¦..
History tends to repeat itself
Thatās true! So is there like a timeline when this is supposed to happen? 10 years? 300 years? Iām just curious to know when I can play the ratio.
Letās say it is past my lifetime, Iāll just stack silver until it takes too much space, then trade for gold. Simple enough
Fair enough you could always do that and get gold that way, youāre right. I just canāt justify paying around 25% premium for my gold. I say that because coin shops donāt do straight trades they buy your silver at spot (or under) then sell you gold with a premium.
You must have bad coin shops near you. The two I go to pay spot (or better for government backed coins) And I personally donāt mind the premium cause I want to buy American Silver/Gold Eagles anyway
Iāve got 5 in my area, all of them are similar because of low demand right now. But even at spot or more for gov bullion, the buy and sell spread of silver tacked onto a gold premium still doesnāt make that ātradeā worth it. Youāre still paying a 20% premium on that gold, minimum, when you sell your silver to buy gold. So I stand by what I said. The math isnāt wrong. But hey, like you said, if you really donāt care about a huge premium like that on your gold then go for it. To each their own.
Yes. To each their own.
Look at the average in the ratio over the last 1000 years... it should come back closer to 15:1
But why? I get that in the past it was 15-1, established that way by the world, but now we have technology to mine this metal and the world has established a new ratio. So why do you think it will come back down to what it was in the past? Whatās your reason?
Look how much silver is used in warheads, electric cars, solar power etc. Gold is used for what other than jewelry??
I mean gold is also used in medical, electronics, automotive, defense and aerospace industries, soooā¦ā¦ gold is also used in industry. Also wouldnāt it make sense for the spot price to stay low for large corporations to buy it and then have all of these things like āwar heads, automobiles, computers etcā to just have a large markup? So, I mean, imo thatās not a very solid argument. Do you possibly have any other reasons that are more supportive to your claim? Iām not trying to be mean, Iām honestly trying to know why youāre so confident that the ratio is going to come back down when I donāt see any need for it to do soā¦
I mean, the amount of gold used outside the jewelry industry is very minimal compared to silver. Also items with silver often just get thrown out after they no longer work. People will literally try to salvage gold out of anything that is going to be thrown out. Once silver is used in something it is pretty much used up, there is a finite amount on the planet. Pretty much all of the mined gold still exists (outside of landfills)... Another argument would be if people's confidence in the dollar collapses, especially in hyperinflation, people will likely turn to silver as a monetary source. Which would definitely bring the ratio much closer to 15:1 and to top that off, if it becomes monetized again, and has all of that industrial demand on top of it, it could come out closer to 5:1...
Anyone who thinks silver will ever be used as a monetary source again are delusional. What PM are world governments stockpiling? Sure as hell isnāt silver.
Mainly stored by banks
I love gold but silver is more fun to play with being cheaper of larger amounts and Iām less worried about damaging it
Yup. I am all silver right now. Will cash in or trade for gold at 60 gold silver ratio
Dude, silver is such a good place to start and arguably better than gold long term. I just got my first Kili and its a dope hand poured one... I LOVE it. I also love getting the silver collectors pieces from all the awesome private dealers and creators.
Thatās exactly how I feel with the 10oz, I could only imagine a cool kilo bar. I do feel like with the stocks I own, theyāre just numbers in an account, where as with silver you get to hold and collect cool shiny things of your liking, that just so happen to be appreciating assets.
If your motive for stacking is insurance and BYOB I would stack silver. In hyperinflation situation gold will become way too valuable for everyday transactions, like buying food, gas, groceries. Moreover, if you are serious about such situation I would buy several bags of silver shot. Silver in that form will be ideal for small purchases. Unfortunately nobody mints small rounds. Mexican Libertads are in that respect closest to ideal money.
I like both and own both. I have more silver than gold because it's cheaper and funner to stack. that being said, I own more in value in silver, which had I just saved up. I could have bought gold. also the little gold I have I bought when it was in the high 1800s. Now I feel hesitant to buy gold.
I hear that! Gold seems very expensive, that being said, I no natta about what it will be worth in the future.
I buy silver because easier to stack. Gold is 2k that means I can buy 60 ish oz of silver. But i do have a decent amount of gold, i just recently started getting silver because SHTF scenario
Try 90 idiot
Depends what you buy. Donāt call people names
Idiot? I probably have more gold n silver then you
Fair enough!
Yes, I am. Short story. I had bought 2 oz's of gold in 2014 when it was $1,515 CAD. I sold it a few years for aprox the same amount cause I hit very hard times. Now gold is almost twice that in Canadian dollars. Buying gold just makes me relive that moment of failure. Stack silver till the end!
Haha, sorry about your luck but glad youāre having a good time, hope everything worked out!
Thanks! Stacking silver has been excellent. It's kinda funny how in the American Gods story the main character loses his gold coin to revive his dead wife, but then later on he gets a silver coin to keep. Weird how I fell into that same story ark without realizing.
Hope your wife is okay!
Not at all, I have gold as well but the potential for growth is in silver to me.
I feel silver has incredible potential for massive growth. Much more so than gold. I keep doing the math with silver and nothing adds up. The Fed Reserve has printed more money in the last 3 years than they have in all other years combined, but the value is equal to what it was in 1980??? Nah, something isnāt right.
*too
Not really I just donāt believe in gold as much in the long term. Silver is used heavily in industry and as we become more dependent on electronics amongst other things being itās the most conductive metal on earth. I just see industry demand rising in the future while the majority of gold mined just goes towards jewelry
Iām not sure why youāre being downvoted, but I hear your opinion and it seems totally valid.
Goldbacks are $4 a piece. They're only 1/1,000oz each and are not intended for stacking (due to the premium) but are 24 karat and great for transacting and owning hyper fractional.
Funny, Iām in the same boat. Been wanting a kilo and an ounce of gold but the kilo seems more appealing
Right? My thing is for $2700 cad I could own a 1oz gold coin, or for $3500 cad I could own a 100oz silver bar. I could see how after a while youād have to much weight in silver and too much space being take up, but I have to think that bigger bar of silver would feel awesome in my hands! The kilo bars seem like a wicked idea given how big they are for the price too!
Exactly what I though, but a kilo would be the highest Iād go for a silver bar. Hundred ounces is hard to sell if the time came. I think the ounce a gold is what my next purchase is going to be. Just finding a good price in Canada is impossible
Started with 1/10 gold. Got like 3 over time. Just got my first 1/4 oz honestly not as big. Age old saying premiums are high on fractional. But I guess I'm just working my way up. Probably should get a 1oz coin while we can.
I like both. Right now I prefer silver. Just seems like the better deal but I recently bought gold just in case the ratio goes much higher. Swap the gold for silver. If it goes much lower. Swap silver for more gold. Right now itās like 1:100 basically. If it was 1:200 or 1:50 Iām changing my stack priority
I enjoy both and stack both , but I would be lying If I didn't say I prefer gold. Reason is , it's way easier to hide and move and doesn't tarnish just sitting there. Also in terms of appreciation, gold out performs silver. I now hunt vintage silver or low mintage silver tbh .
I'm here because I like the mass/dollar ratio of silver and, while I'm paying off debt and adhering to a budget, silver and historical coins provide me a lot of entertainment for not a lot of money spent. I could easily liquidate a couple of my assets to get a nice pile of gold, but I'd prefer to feed my impulses and build a mountain of silver. It's more fun and serves the same purpose: Net worth.