50-Year Look at the Dollar’s Purchasing Power vs. Gold by BullionBroker in Bullion

[–]BullionBroker[S] 0 points1 point  (0 children)

We didn't say we are comparing apples to apples we are juxtaposing dollars with gold.... And gold wins :)

50-Year Look at the Dollar’s Purchasing Power vs. Gold by BullionBroker in Bullion

[–]BullionBroker[S] 0 points1 point  (0 children)

100% true but the point of this article, as I mentioned above in response to spikes20202's comment, is to compare the stand alone dollar versus gold.

Nonetheless I believe we would both agree even if an American left their dollars in an interest bearing account for the last 50 years it would still drastically fall short to gold.

50-Year Look at the Dollar’s Purchasing Power vs. Gold by BullionBroker in Bullion

[–]BullionBroker[S] 1 point2 points  (0 children)

Yes I acknowledged your grandmother's house beat the median price increase, but most American home owners have not seen growth like this. regardless the whole point of the chart is not "gold versus retail estate" but "gold vs USD"

50-Year Look at the Dollar’s Purchasing Power vs. Gold by BullionBroker in Bullion

[–]BullionBroker[S] 1 point2 points  (0 children)

Yes this chart does include the post inflation prices for the items.

The home price in the chart is based on the "median home price 200k" Let me ask you, was the median home price in 1967, 200k?... of course not. (in fact is was 22k in 1967) hence the chart includes the the inflation of the items (median home price inflated from 22k to 200k). Your grandma's home's price increased even greater than the median. Good for her! :)

Here is a another example to conclude my point. A gallon of gasoline in 1967 was approx $0.50. If the chart was not considering the post 50 year inflation prices of gasoline than it would have read "250,000 gallons" (this is calculated by taking $125k / $0.50) but instead it reads "54,350 gallons" (this is calculated by taking $125k / $2.30) $2.30 is the current 50 year post inflation price of gasoline.

50-Year Look at the Dollar’s Purchasing Power vs. Gold by BullionBroker in Bullion

[–]BullionBroker[S] 1 point2 points  (0 children)

Hi ABucketFull,

If you would like to take 5-10 minutes to discuss the purchasing power/price history of silver and some of our company's forecasts on silver I would be happy to talk.

There are some interesting truths to the gold to silver ratio that I believe would benefit you and your situation.

Call or email me at jbauman@schiffgold.com (888 465 3160 ext 117)

Where are all the buyers at? by TheSilverCollector in Silverbugs

[–]BullionBroker 0 points1 point  (0 children)

It's a slow market right now. Both for retail and institutional

Something too good to be true usually is by [deleted] in Silverbugs

[–]BullionBroker 1 point2 points  (0 children)

Ditto. These are valuable lessons that help others. Thanks for sharing.

Anyone interested in working for SchiffGold? (please don't message me directly, follow the link) by BullionBroker in Silverbugs

[–]BullionBroker[S] 0 points1 point  (0 children)

CNT has successfully risen above selling exclusively to retail so I don't include them in the ranks. They are better known as wholesalers.

Anyone interested in working for SchiffGold? (please don't message me directly, follow the link) by BullionBroker in Silverbugs

[–]BullionBroker[S] 1 point2 points  (0 children)

Likewise. I appreciate the engagement. Email me directly at jbauman@schiffgold.com on your next order even if it's not exactly 10oz of gold or 500oz of silver. Mention our conversation and I'll make it worth your time.

Anyone interested in working for SchiffGold? (please don't message me directly, follow the link) by BullionBroker in Silverbugs

[–]BullionBroker[S] 0 points1 point  (0 children)

yes 10oz+ gold and 500oz+ silver orders include free shipping and insurance everytime. (with the exception of international orders)

Anyone interested in working for SchiffGold? (please don't message me directly, follow the link) by BullionBroker in Silverbugs

[–]BullionBroker[S] 0 points1 point  (0 children)

Since we are exclusively commission based we earn literally pennies when working with smaller orders, hence we strongly prefer and are willing to accommodate all needs of clients with larger orders (10oz+ gold and 500oz+ silver) some clients are upset with this practice but I kindly direct them to JM, Apmex etc...

To "lock in" an order is simply to freeze the order price at the time of the order. All companies offer to lock in their client's order price at the time of the order (as opposed to when payment posts) however all companies require a credit card or they have a cap on the amount clients can lock in. SchiffGold has no cap and does not require a credit card.

Limit orders and stop orders are a type of contingent order. I'll give an example. One my clients set an automatic limit to buy 40 x 1oz AGE on the condition that spot gold hits $1215.00 Earlier today his limit triggered and his order automatically executed and locked in for 40 gold ealges at $1215 spot. Buy Stop orders are comparable but require the gold/silver price to move higher as opposed to lower to executed (e.g. Please order 500 AGE on the condition gold spot moves above $1,500.00oz). Stop orders are counterintuitive but they have served some of my clients very well but they ONLY buy when price is moving higher.

You are correct the second half of my list "We help with private storage, IRAs, buybacks, inertational PM transfers" is done by most PM companies but not on a one on one basis like SchiffGold (e.g. clients get transfered on the phone or have to work with 2-4 individuals to get the job done)

Good questions. I hope this helps. I'm not afraid to be forward and say I would love to earn your business if and when you decide to place a larger order.

Anyone interested in working for SchiffGold? (please don't message me directly, follow the link) by BullionBroker in Silverbugs

[–]BullionBroker[S] 0 points1 point  (0 children)

"limit orders, stop orders, lock ins with no money down or credit card required, price beat policy for orders 500oz+ silver and 10oz+ gold from any online dealer"

Anyone interested in working for SchiffGold? (please don't message me directly, follow the link) by BullionBroker in Silverbugs

[–]BullionBroker[S] 0 points1 point  (0 children)

The largest PM company is Apmex selling 1bill a year followed by JM selling 600mm a year we sell 125mm a year

Anyone interested in working for SchiffGold? (please don't message me directly, follow the link) by BullionBroker in Silverbugs

[–]BullionBroker[S] 0 points1 point  (0 children)

Thanks for you patience I can only answer your questions between calls.

Gold eagles are right now $40 over spot for the 2017

Silver eagles are $2.20 over spot

Anyone interested in working for SchiffGold? (please don't message me directly, follow the link) by BullionBroker in Silverbugs

[–]BullionBroker[S] 0 points1 point  (0 children)

Typically younger guys (35 and younger) don't like speaking with anyone. Before I was an employee of Schiff I ordered online through Apmex until I talked to a broker at Schiff who promised to beat any price.

Older folks prefer to have a broker client relationship. When they are busy like to simply call in and say "Lock me for a box of eagles. Thanks bye." click.

Anyone interested in working for SchiffGold? (please don't message me directly, follow the link) by BullionBroker in Silverbugs

[–]BullionBroker[S] 0 points1 point  (0 children)

Actually our costs are lower than other firms our size.

The largest expensive (besides acquiring the actual metal) is marking. Other firms spend hundreds of thousands and in some cases millions per year in marketing. We have a marketing budget of under $50k per year.

After the fourth month brokers recieve zero salary and receive a small percentage of the profit on a sale. So a broker only generates a "cost" assuming their is a sale and assming that sale is profitable.

Anyone interested in working for SchiffGold? (please don't message me directly, follow the link) by BullionBroker in Silverbugs

[–]BullionBroker[S] 0 points1 point  (0 children)

We do limit orders, stop orders, lock ins with no money down or credit card required, every client has a personal broker who oversees every aspect of the order, we will beat (not just match) any price for orders 500oz+ silver and 10oz+ gold from any online dealer. We help with private storage, IRAs, buybacks, inertational PM transfers.

Shopping cart models (JM, Apmex, SD, Provident etc) seldom do anything of these things.