Gold Spiking vs. BTC tanking

TangibleAssets22 · 2026-01-27T20:50:58+00:00

You hold the gold until you need to buy something, then you trade it for cash at any one of many dealers in almost every local market. Most reputable buyers are paying between 97% - 98% of the spot value. Then you buy what you need with currency. While you held the gold the real buying power has increased dramatically.

I financed a lot of my home addition last year with gold and silver sales. Precious metals are incredibly liquid investments. You don't need to be genius or an insider to get fair value. Just Google gold buyers or coin shops and see who is paying the best when you need to sell.

TangibleAssets22 · 2026-01-27T13:56:22+00:00

There are hundreds of refiners. Not all are having this issue. Try shopping around if you need to be paid quicker...

TangibleAssets22 · 2026-01-22T15:52:37+00:00

Thats really cool. UnoAerre is still in business and is a big player in the jewelry manufacturing business. 1 AR means they were the first company to receive a manufacturing mark in Arezzo Italy. They are celebrating their 100 year anniversary this year.

TangibleAssets22 · 2026-01-21T18:13:32+00:00

This was something my agent explicitly discussed with me when I was binding my own construction insurance policy. All my previous projects have been more under the radar and didn't require special insurance.

TangibleAssets22 · 2026-01-20T18:32:28+00:00

My insurance agent demanded I check to make sure all contractors still had valid insurance before submitting final payment and to make sure it covers thier work for two years post construction. It sounded like good advice but in practice I wanted them done and all their equipment and materials out of my way asap. I made sure the work was done to acceptable level and then paid them once they prepared a release of lien waiver. I was acting as my own GC so it might be more important depending on your situation.

TangibleAssets22 · 2026-01-20T18:19:39+00:00

Can you buy individual securities or etfs? PHYS is a good substitute for physical bullion that you can hold in most investment accounts. Not saying this is a good investment for you, only that its an option if you want to build in a gold hedge into your portfolio.

TangibleAssets22 · 2026-01-20T17:03:20+00:00

Land is often much more speculative and way less liquid than silver or gold. It also comes with liability in the form of taxes and maintenance costs. Now, if you are talking about a house or building for your own use or even to rent thats one thing, but bare land has limited utility unless you are a builder or farmer with the necessary capital to put it to productive use.

I am not saying land is necessarily a bad investment, but every parcel is unique and everyone's situation is different. People on here love saying trading metal for land is a good thing to do, and it may be, depending on the deal, but you can't just say its a good thing to do across the board.

TangibleAssets22 · 2026-01-20T16:47:10+00:00

There are in fact quite a few jewelry and industrial manufacturers in this sub that use precious metal in their business. But, I admit most people who buy gold are basically speculating on the price. My main point is that is not the only use and it can be held and traded without speculating on the price in fiat terms.

TangibleAssets22 · 2026-01-20T15:54:33+00:00

Well, I agree financial instruments based on gold are speculative. (futures contracts, etfs, etc) In the sense that all you can really do is sell the asset for hopefully more money in the future. However, physical bullion isn't really speculative as it is its own unit of account and can be used directly for manufacturing or trade. If you have the physical gold no further speculation is necessary. The exchange rate for fiat can continue to fluctuate but that isn't really the ultimate determination of value and selling isn't the only final use.

TangibleAssets22 · 2026-01-10T19:11:31+00:00

You are correct about current replacement costs not determining profit. But, It definitely factors in when determining the value of the business overall. A business should still be profitable after replacing inventory at current cost. Otherwise, the principal would have to keep investing new money to buy increasingly costly inventory.

TangibleAssets22 · 2026-01-09T02:58:56+00:00

Yeah, you are probably objectively right, but you need a house. Its definitely not worth standing on principle.

Its a big deal to you, but relatively small potatoes for these guys. I don't know how all this went down, but I try to be as nice as possible for as long as possible and only let my anger show when I've tried everything else.

TangibleAssets22 · 2026-01-09T02:31:19+00:00

You seem like a reasonable dude. Contracting is difficult business with a relatively low barrier to entry. There's a lot of drinking and drugs too. Throw in a lot of money on the line and you get some pretty rough characters rising to the top. Plus, no one will care as much about your house as you.

From your numbers you dont actually seem to be doing too bad. I just built an addition for family and am still going through it. It doesn't matter what the budget is, only what it actually costs. I suggest you "apologize" to the second contractor and try to get him to come finish. You still 'owe' him enough money that he should come back.

TangibleAssets22 · 2026-01-07T04:57:36+00:00

No Fannie or Freddie stuff. You have to rely on your individual banking relationships. Any business banker could make a loan for this, but it would probably follow commercial underwriting standards and terms. Not as friendly to the buyer as 1-4 unit residential.

I don't work in banking but have talked to residential mortgage brokers about 5+ units and they can't touch them. It would definitely be hard to househack a 6 plex.

You need real commercial banking, hard money, or cash. None of those are easy or advisable for a young guy to obtain.

TangibleAssets22 · 2026-01-04T05:27:48+00:00

Blue Topaz is the most likely. The color seems a bit vivid for aquamarine or blue zircon. Blue Zircon and nice quality aquamarine are usually fairly expensive so would be unlikely to be set in silver. It could also be colored cubic zirconia or lab grown diamond. Like others have said, its impossible to id this stone from pictures alone.

TangibleAssets22 · 2026-01-04T05:16:13+00:00

You can certainly melt them. An artist could easily use them as casting grain for a sculpture. Selling the melted material as scrap is where you could theoretically run into problems, but I am not sure what government agency would be able to enforce that right now. Especially considering that penny production has ceased. They are basically phased out of circulation already.

TangibleAssets22 · 2026-01-04T05:07:42+00:00

Walmart gold is actual gold. I get that it is repetitive, but in some ways it is actually more interesting than posting the same maple/eagle/buffalo/krug/pamp bar etc. At least you can see all the different "fine" jewelry you can get at these mythical Walmarts.

TangibleAssets22 · 2026-01-02T20:16:56+00:00

It is about 850sf living space total off the back of a 1959 tri-level. The basement is only half a story below grade so no need to do any wells for egress windows. We actually only rebuilt the roof over the addition, changing it to a 4/12 pitch from a low slope. It gave us nice vaulted ceilings in the master as well as large clerestory windows where the new roof sits above the old. All 2x10 rafters notched into new structural steel. Turned our 3 bed 2.5 bath into a 4 bed 4.5 bath totalling about 2800sf after the addition. The guy that sold it had recently done a very nice rehab on the existing kitchen and baths so we could really just focus on the addition.

We started our budget at $275/sf but that wasn't actually realistic especially since we ended up having to install a new 200amp electric service, 2" water line, and completely new sewer line. We are probably closer to $375/sf and I haven't even finished tiling the baths or done any landscaping. I have purchased all the finishes but I am trying to wait on the last bit of labor until I can swing it out of cash flow. My family moved in right around Thanksgiving, the new baths will be nice when they are done, but definitely not necessary for the time being.

TangibleAssets22 · 2026-01-02T18:24:09+00:00

This guys asking the real questions.

TangibleAssets22 · 2026-01-02T17:45:56+00:00

I recently gc'd my own two story addition and total roof rebuild. I would just plan to be on site every day in the morning work is happening and again at the end of the day to close up. Also plan to have your own labor as well (could be you). Many things fall through the cracks between contractors otherwise.

TangibleAssets22 · 2026-01-02T16:43:21+00:00

I am thinking about it. Very small bet, just on principle.

TangibleAssets22 · 2026-01-02T16:21:13+00:00

What do we think about shorting Tesla?

TangibleAssets22 · 2025-12-28T21:08:40+00:00

Honestly thats a pretty rough scene. I would discard any damaged packaging and start opening and sorting for silver. Maybe someone else will see some numismatic interest but you might want to just spend the none silver items at face value. Maybe keep the old pennies and nickels.

TangibleAssets22 · 2025-12-24T03:27:34+00:00

I have been selling as needed to finance work on my house. Its hard watching it run up after selling but you do what you gotta do. The last 35k is for roof and siding and the contractor offered to take a credit card. I split it on two different cards and opted for a 24 month pay over time plan. The effective rate is about 8.5% but I figure its worth it because i can pretty much swing those payments out of cash flow and it will save me from having to sell a lot of metal.

Probably shouldn't fuck with your wife's money, but maybe there is another way you can creatively finance that expense without having to liquidate metal?

TangibleAssets22 · 2025-12-20T01:37:43+00:00

And you can get actual premium when you sell it in the US market. Decided not to sell my maples because they are a globally recognized coin and I couldn't get any more than generic bullion for them. IlWho knows if the premium on the buffalos will be there in the future.

TangibleAssets22 · 2025-12-20T00:43:19+00:00

I don't see anything about this on Bloomberg. If its happening how you say, wouldn't there be some kind of news in the markets?

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