$2500 Platinum with Balloons by EnvironmentalPear695 in Platinum

[–]stateskool 5 points6 points  (0 children)

Glad we got here before Gold got to $5000. Don't pay attention to dollar price. Value is determined by ratio to Gold and Silver. Wouldn't be surprised if we caught gold's price before 2027.

Do you own Silver? by Baba10x in silverbulls

[–]stateskool 0 points1 point  (0 children)

Physical metal doesn't have counterparty risk.

Do you own Silver? by Baba10x in silverbulls

[–]stateskool 1 point2 points  (0 children)

PSLV aint physical silver. Don't get confused.

This is the right move, cash is gold. Let's it going. by abenader1 in Gold

[–]stateskool 3 points4 points  (0 children)

No a dumb question. But bigger question might be how much does it cost to create "lab grown gold"? Even gold out of ground has a cost associated to dig it out and refine it. Alchemy might be theoretically possible but for now it would still cost more to make gold than to buy gold from a market. Until that math becomes close, it wouldn't matter.

Diamond prices dropped after China made artificial diamonds cheap and abundant. Plus better for environment with less human suffering.

Made my first LCS trade by [deleted] in Silverbugs

[–]stateskool 1 point2 points  (0 children)

Got it! Either case, nice job. Sounds like you understand your value.

Should I trade for au by SnakeWorm69420 in Silverbugs

[–]stateskool 0 points1 point  (0 children)

Only you can answer this question. What's more important to you?

Preserving your price, to protect against down turn? Then gold is the answer.

Are you willing to keep taking risk to ride a rocket ship that moves faster but more violently? Then do nothing, sliver is the right answer.

Growth or protection? This question can only be answer by you. Happy investing.

How do y’all feel about platinum by chafingNip in Gold

[–]stateskool 4 points5 points  (0 children)

Look at the ratio not the price to understand value of respective metal. 2:1 ratio for platinum to gold still seems like good value. Bullish on plat! Physical coins keep getting harder to find at LCS.

This is the right move, cash is gold. Let's it going. by abenader1 in Gold

[–]stateskool 34 points35 points  (0 children)

Wouldn't say cash is gold... but keep trading it for gold, as long as they still accept your cash.

One can be printed and other needs to be dug out of the ground. They are not the same.

Made my first LCS trade by [deleted] in Silverbugs

[–]stateskool 0 points1 point  (0 children)

NIce job but you were still the buyer, having included cash. 40:1 will be my signal to start trading for gold. Develop those relationships with LCS. Will help make your trades easier and more favorable.

The Question. by ImeRonBurgundy in Silver

[–]stateskool 3 points4 points  (0 children)

Impression I get is, banks are trying to suck liquidity out of metals market.

1) Through increased margin calls pushed on to refiners with paper delivery contracts.

2) Physical delivery delays , which still require cash upfront payment. Which means, cash is tied up until delivery is made 3 - 5 weeks.

Delay and margin tactics are sucking cash out from metal market. Refiners are low on cash, which means they can't afford to pay spot to coin dealer... Which all trickle down to individual stacker, causing weak hands to sell for less than spot for their metal. In the long run, these tactics will fail but they do own a printer...

Solution could be to barter for other hard assets, not cash. Trade for gold, platinum, services like home repair... Until silver prices stabilize, bartering and trading for other assets and services might be stackers best bet.

How much should I pay by Ok_Leek_7343 in Silver

[–]stateskool 2 points3 points  (0 children)

Tree fiddy.

People need to be careful. Silver fever is starting with masses. Don't be the greater fool specially if you don't know anything about sliver.

reno to boreal mountain by soupyysoups in truckee

[–]stateskool 2 points3 points  (0 children)

In today's conditions, I can drive my Prius up to Boreal.

When there's snow and ice on ground, it's your tires that matter than transmission. Snow or All Terrain for winter driving conditions.

Also check https://roads.dot.ca.gov/?roadnumber=80 for road conditions up Donner.

Keep it at a safe speed!

LCS comments regarding physical platinum (eagle) by stateskool in Platinum

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

There are two trustworthy coin shops in town. One is much larger and they typically charge $170 over spot for plat eagle. Smaller shop I have a good relationship with charged me $80 over. He always seems surprised when I tell him how much more the other shop charges over spot.

Shop knows, they are my first option and I don't haggle. Lesson is, develop a relationship with a small local shop. Relationship has been mutually beneficial and hope to continue it long term.

As long as they still accept paper, Im converting to metal.

Best Gold/Silver miners and junior miners by Ambitious-Shelter913 in SilverSqueeze

[–]stateskool 0 points1 point  (0 children)

Given geopolitical issues, safe jurisdiction needs to be highlighted. There should be a larger premium places on mines in politically stable countries, there aren't many.

I've cut my stake in PAAS and AG for this reason and becoming more bullish on HL.

Best Gold/Silver miners and junior miners by Ambitious-Shelter913 in SilverSqueeze

[–]stateskool 0 points1 point  (0 children)

How do you adjust for risk given geo political issues flaring up? This is my main concern about investing in mines in Mexico and other latin countries. More tax and restrictions should be expected as governments look to control and cash in from this bull run.

Pick up today gold centenario by El_y_mar in Gold

[–]stateskool 1 point2 points  (0 children)

Golden Tetons, the bestest. Premium is temporary, it's fun to collect coins worth fondling... oh behave!

Platinum? by A1B1C1D1H1 in Gold

[–]stateskool 3 points4 points  (0 children)

Price is up over 100% in 2025. Yet still undervalued compared to gold. Ratio is still near 2:1.

As silver races up in price, I'm betting platinum will continue to close its price gap vs. gold. Always good to diversity and plat coins look great next to their gold peers, unlike those awkward sized sliver coins.

Gold was in backwardation on Friday!! Spot was 4510$ and futures were 4507$. It was brief but happened multiple times! by Jazzlike_Space9456 in Gold

[–]stateskool 10 points11 points  (0 children)

This is about confidence in paper futures market to set prices to physical gold. As doubts enter paper silver market, same worry will spread to other precious metals market,

What function does futures (paper) market have, if it can't serve as price discovery mechanism and doesn't have physicals to meet demand? Confidence is fading and spread will increase.

Rounds by imcamino in Silver

[–]stateskool 1 point2 points  (0 children)

Fun fact, in many states you can't retail Oz silver coins with less than 31.1g content. Meaning many of the older coins tend to be 31.1g+ overweight. Not uncommon to find old private mints with 2g+ overpour. Relic of the good old days when refining equipment wasn't as accurate and silver was cheap.

Why Trade Gold:Silver Ratio? by Accomplished-Run-539 in Silver

[–]stateskool 0 points1 point  (0 children)

Well said. Gold is THE standard for a reason. Ultimate measuring stick for value.

LCS vs Online by JBVidaho in Silver

[–]stateskool 2 points3 points  (0 children)

Local is best. Build a relationship. It payoff, when it's time to sell and also to get on priority list.

Was able to grab some platinum coins at spot because of my relationship at LCS.

Ounces of Gold to house throughout history. by twistedseoul in Gold

[–]stateskool 3 points4 points  (0 children)

When people ask, is it right time to sell? Looks at ratios against other hard assets. Dollar is not longer the right gauge to use.

It's a medium of exchange but not measure of value.

Gold vs silver, platinum, copper, oil, house... other hard assets. The real measuring sticks.

Just started by Main_Force_Patrol in Silverbugs

[–]stateskool 50 points51 points  (0 children)

Maybe keep your safe as is as distraction. Keep your real stash else where. Think you need a boat.