Why ? Unless you build something with them...
As a member of #silvergoldstackers, I sometimes see people collecting Palladium or Titanium bars.
I wonder why.
Unless of course it's to diversify while having an enormous quantity of gold, and silver coins already, maybe.
I find it very reluctant as here, we got a 21% tax as it is considered as Industrial goods, just like with silver bars.
I wish I could buy iron bars, as it's less expensive than gold, but the taxes remove any interest for me to invest there. I take coins instead. But I am curious about why people go for those two cited very expensive metals, outside of the industrial world.
In the previous post I asked about a choice between Mapple Leaf and Kangaroo. I only had one reply from @kerrislravenhill , who I thank for her advice.
And yes, I will try the "roo" as she called it 😁 for the same reasons, cheaper and cute.
If you have other ideas, cheap if possible, it would allow me to buy regularly even in those rough times.
Hoping for better and more optimistic times, as soon as possible...
| O.J. | Towards Financial Freedom! |
|---|---|
 | @independance is my path to financial freedom, via precious metal stacking. I try to achieve this to bring a heritage for my family. I'll post about my progress as well as anecdotes. |
See you all Soon.
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Perhaps it is due to the "build something with them" thought?
As supply dwindles and the industrial "need" continues to grow - the demand and price could/should increase?
I suppose that thought process is what drives many investments?
Pure speculation on my part though!
I can hear that, so they speculate above the 21% of taxes they have to pay.
Thx for your comment
!PIZZA
Perhaps in other areas they are not taxed on them - that was my original intent
However, yes that could be true as well but probably not prudent right?
or they are professionals and thus can deduct the tax on their raw material
As per my "Fine Tuned" version of the U.S. Monetary Correction, there's a very good chance that Common U.S. Coinage will get you in on the ground floor of U.S. Crypto Coinage, denominated in "Electronic" Dollars, Cents and Decimal Cents... If I'm correct, expect to see a 100 Fold increase in the Spending Power of our Common U.S. Coinage...
Not sure to see what you mean here, as it's about metals, not crypto, unless you meant I should nvest in US Metallic coins as they will make a X100.
But, I am not sure they would go up that much, or the orhter coins, in same metals, would go up too.
Also I do not live in the US.
But thank you for your thoughts
!ALIVE
One Ounce of Gold, will get you $90 in Electronic Coinage...
got it, thx.
$PIZZA slices delivered:
kerrislravenhill tipped independance
itharagaian tipped captaindingus
@itharagaian(1/10) tipped @kerrislravenhill
itharagaian tipped silverd510
Come get MOONed!
I don’t know why any regular person would buy either of those as an investment. At one time I did own a one ounce palladium coin. I bought it for $980, when palladium was about $850. I tried to sell during the huge spike in palladium. It was going for over $1,900 an ounce then. It took me nine places to find a buyer and the offer they gave me was far below market value. While I made a profit on it, not many precious metal places want it.
I’m assuming you are in Europe with the VAT tax on silver. I’m not 100% versed on what is taxed and isn’t taxed. But I thought if you bought government produced silver coinage it was free of VAT. But I’m not certain not being in Europe. I do know a few people in Europe that buy from Germany to avoid the VAT.
Belgium indeed.
I will check that info though, thank you. Germany, ok noted too, thx
!PIZZA
I've not found anywhere yet that would buy something like that without a heavy discount. But could be an interesting option
Better avoiding it thus, if noone want sto buy it you cant realise your profit.
!ALIVE
It's a pleasure.
Odd but I do recall that the ancient Athenian Greeks circulated Iron as money with a reason we may not find obvious.
Well I do have a small 1/10 Troy oz. coin and a tiny Platinum bar as a gift from a wonderful friend but never considered these as alternative since they have had no history as a monetary metal. I agree that Platinum as a precious metal yet no history as a monetary one.
!PIZZA
Noted, thanks.
!ALIVE
I forgot to mention that I do 'Stack' copper 1 cent pennies.
Copper/bronze does have a history as money.
They didn't cost me any more than 1 Cents each, most were accumulated over the decades into family coin jars and almost forgotten. I've help a friend find a car part in a auto wreckers yard and found more than a pocketful of 1 cents pennies from coin trays, glove compartments, inside arm rests and ash trays or scattered all over the car floor unwanted. Pennies are even sold by the pound out of my local Thrift shop.
Pennies dated 1996 and earlier is 96% copper with $0.029USD worth of copper in each.
$0.01 CAD face value Penny is worth more than 4 cents CAD current commodity value.
The CAD Penny was officially demonetized in 2015 but are still worth 4 cents!!! A modern day best kept secret.
Save your old copper coins.
I forgot to leave an upvote.
Interesting story, thx :) I won' tlook at those tinies the same way :)
!PIZZA