precious metals collectors

[knownothingmags]

anyone here collect precious metals?
if so any advice and such?
got sucked into a conversation the other day and thought i ask around to see peoples input on this subject.

[Xyxyll]

You mean like bitcoin?

[knownothingmags]

You mean like bitcoin?

no, like gold, palladium, platinum, rhodium, silver and such

[Pyrate Jim]

I have a stash of old coins. Gold Eagles, Walking Liberties and such. Plus quite a bit of what you would call "Indian" Sterling jewelry and gold rings/chains.
Some Rhodium, from back when I was studying the second magnetic triad.

But I really have no advice to give other than unless you're actually actively trading in precious metals, it just collects dust much like any collection. Nice to have, but useless until you sell it. You can only hope the value goes up between the time you buy and when you sell.

[going_home]

Personally I only do legal tender, 1 dollar silver American Eagles.

[knownothingmags]

But I really have no advice to give other than unless you're actually actively trading in precious metals, it just collects dust much like any collection. Nice to have, but useless until you sell it. You can only hope the value goes up between the time you buy and when you sell.

good point.
maybe 20-30 years ago would have been a good time to ask a question like mine.

[luke]

I could have more than doubled my money on my silver a month or so back, just never bothered to pull it out and sell it. It was up around $30 per ounce, today spots at $23.

[luke]

good point.
maybe 20-30 years ago would have been a good time to ask a question like mine.

You dont have to wait that long, in today's world gold and silver prices change constantly, buy low sell high..