Replying to Avatar jimbocoin šŸƒ

Iā€™m really not sure. Back when I was buying bullion spot from the pawn shop, they had a standing premium of $2-$3 per oz on silver (~10%), and $50/oz on gold (~3%).

This was ~7 years ago though. Things may have changed.

Now I just buy and hold Bitcoin.
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Kerb 1y ago

That is good metrics to know. I found a site last night called https://www.metalmarkup.com/

It can show me the premium markup on spot. I am just getting started into precious metals. I believe I have a good foundation with Bitcoin. I just wanted to diversify my portfolio more. I recently was at Costco, and they were selling PAMP bullions - I was just floored with how many people were scrambling over to the area where they were selling their gold.

I saw people buying the max (2 bullions per customer) on the spot there ~ $4,200 without hesitating. It kinda of opened my eyes a bit that maybe I need to diversify - although Bitcoin is the hardest asset we know.

Thank you for the your knowledge. That helps alot.

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jimbocoin šŸƒ 1y ago

Do what you will. I have been consistently un-diversifying. Almost completely out of bullion at this point. I regret having ever bought it instead of Bitcoin.

There is no second best.