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hilsdev | 6 months ago

I started buying silver, platinum, and gold coins. Itches that “get shiny” scratch, and I’ve been profitable enough to not regret collecting something. After I got started, I became a calmer, more rational investor in the digital realm. Something about the physical weight of the silver unlocked some “it’s all okay” mechanism in my brain. It felt drug like, a chemical change.

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gorbyhead|6 months ago

Now go try to sell it. Hint: there’s no limits on fees they can charge, and it is super shady unless you have sealed ingots with holograms for provenance. That’s why every gold store is some sketchy mall shop. Buying is easy. Selling is hard.

tristor|6 months ago

Or just sell it to Kitco, and only buy bullion coins of high quality provenance, probably also from Kitco. No real issues other than the logistics costs associated with shipping via registered mail.

hilsdev|6 months ago

I've sold plenty, actually. I've never been ripped off. If you're going to a gold buying store in a mall, yes, you will get ripped off, but that's your fault

hilsdev|6 months ago

You also don't need "provenance" or "sealed ingots". Any shop will unseal them and run them over the sigma tester or under an XRF gun.

These new accounts that pop up to spread FUD are one example of the forces at play preventing you from buying PMs

1945|6 months ago

r/pmsforsale