Reddit's silver "apes" now targeting silver, opportunity or fool's gold?

[james.hendrickson]

Got my 10 gram Valcambi bullion today paid $1580 for this 1/3 of an ounce of .999 fine gold.

Are you worried about buying at the top of the market?

[QuarterMillionMan]

James, I'm not the least bit worried about it being the top. I'm a big Ray Dalio & Peter Schiff follower where we have not seen anywhere near the top yet. I'm HODL'ing as much gold & silver that I can acquire. I'm still buying more. I have another shipment of 1 roll of Franklin half dollars coming (90% silver). My favorites are the 90% Morgans and Peace dollars.

[QuarterMillionMan]

My next shipment arrived 1 roll of Franklin 90% silver half dollars ($550 market value) and 1 roll of 90% silver mercury dimes (50 pieces) worth $330 market value.

[QuarterMillionMan]

Goldbacks now come in 1/2 goldback (1/2000th of an ounce) denomination for $5. Before 1 goldback used to be the lowest denomination. When I bought denominations of 1 goldbacks many years ago, I paid $3 per 1 goldback.

[QuarterMillionMan]

Silver Shanghai spot vs COMEX spot, I trust Shanhai, COMEX has a lot of short squeezers where they have manipulated silver for decades. When market reopens on Sunday I could see COMEX spot silver resemble Shaghai's spot price which I believe is the true price.

[QuarterMillionMan]

My next order which I just placed.

[QuarterMillionMan]

This is what $2000 worth of gold looks like. 10 gram bullion $1650, 1/2 ($5) & 1 ($10) goldbacks worth $350 all together. In Californa, no tax is assessed on purchases over $2000.

[james.hendrickson]

This is what $2000 worth of gold looks like. 10 gram bullion $1650, 1/2 ($5) & 1 ($10) goldbacks worth $350 all together. In Californa, no tax is assessed on purchases over $2000.

QMM - you're going to be a rich tycoon pretty soon. : )

[QuarterMillionMan]

Ha-ha, I wish James.

[QuarterMillionMan]

My bad, I forgot to add the pic.

[james.hendrickson]

My bad, I forgot to add the pic.

I love all that gold QMM, it should make a super nice addition to your collection.

[QuarterMillionMan]

I just ordered a 1 oz bullion bar ($5000), paid by check so I'll mail them a check, then it takes 10 days for the check to clear, then they'll ship the order, so maybe in 2 or 3 weeks I'll receive the order which I'll post a pic when it arrives. Why pay by check you might ask? It has the lowest premium. Credit card add 2%, bitcoin add 3%, these percentages are on top of the premiums added for a physical check. The premium was $50 above spot when paying by check.

[QuarterMillionMan]

1 oz compared to 10 grams (31 grams = 1 oz).

[QuarterMillionMan]

I bought a sale at Bullion Exchanges 1 oz silver rounds at spot which was $79.01 at the time. Bought 26 silver rounds which was just over $2000 so no taxes for California's requirements.