Considering Some Investment Buys In Silver

Holding steady between $20-25, huh? I may go back down to Royal after my next paycheck and pick up a couple of junk Morgans/Peaces. John said they're going for $25 right now and they're a little under an ounce, so that sounds about right.

I was talking about a power outage as a source for a system crash. Not that we fallible humans didn't already set up a failure for an economic system. And remember that NASDAQ "glitch" we heard about a couple of weeks ago? Computers can be hacked, manipulated, and everything else. The gold in my hand doesn't tarnish.

Read the short story, "The Machine Stops" and you'll see what I'm talking about. It predicts the Internet and the world in it when the system crashes.

"Finally, proof coins are completely different from bullion and always will be... how could they even be remotely close to bullion why they aren't even similar in appearance?"

YOU brought it up. And, they ARE similar in appearance. This is like arguing with a rock.

"Try and hedge physical coins of gold and silver. You cant. Good luck that lol"

Elaborate on that. Instead of brushing it off like a jokester you could expand on that because it makes 0 sense.

Libertad-

wow my friend, I do believe you need glasses. Proof coins are not the same as bullion in appearance. You prove to me they are, then we can talk.

Finally,sorry but I don't live in a world where I am waiting for some disaster to occur where everything just grinds to a stop. Not interested in fantasy predictions of gloom and doom of any kind, typical scare stories.

As I always say and am always right about, "if its predicted, it doesn't happen".

Nina: Sorry, I gotta...

Yup: I'm talking about the design of the coin itself, not the manufacturing difference that gives proof coins a better luster. I can tell them apart, I'm simply talking about the intrinsic value. Never did I say that they were the "same"; you built that argument for me just to knock it down. Most cars look similar. Two cars of the same model: one is luxury and the other is the basic model. They will look similar, but not the same.

"Looks" "similar" vs "Is" "the same as other".
I promise to be more descriptive if you promise not to jump to conclusions or make straw man fallacies in my name.

And who would want to expect or want a collapse of that kind? I'm only saying that it's a possibility. What goes up must come down, no? A shortage in Ohio (2003) actually happened and affected millions across a very populated expanse. Negligence caused that; it wasn't on purpose or malicious that we know of. The only reason I even talk about digital realms is because ETFs were brought up. Actual silver in the hand has little to do electronic markets when they are shut down.

(Sorry Nina for this. All the rest of the my posts will ignore the usual silver arguments. You've already made up your mind that you want it; you don't need us to give you reasons, correct?)

People pay a boat load more for proofs then basic bullion that alone separates the two period....

Recall I said the other day where a set of ASE West points bombed out at 125 and the buyer felt so bad they allowed seller to re-list and same set ended up selling around 145 or so later....

What is HALF of 145, that is 72.50 and the seller was not happy and why should they be as they released at like 150 or higher....

Never the less that is still 72.50 per oz when silver is setting around 20 per oz. which on first glance strikes me as insane lol. But that does not stop people from buying them hand over fist across the world every day....

They don't look at that set as 2 oz of silver they see it as a 145 dollar investment, that with just a 20 to 25% swing up would make that set a 200 dollar set all day again, regardless of how much silver weight was present....

Sheep really has the best answer, investment wise you should look beyond silver. I like his idea of putting money into the SPY and getting the divys over time, that is going to grow exponentially over time and much faster than silver.

Wow ....... hijacked thread again .......

A young kid ( sorry Nina if that is an offensive term, I would looove to be called a 22yr old kid again )who makes a nominal amount of money as a nanny, wants to buy a a little silver and once again the thread is hijacked into 3 page debate about paper silver vs shiny silver, proof vs non-proof, future value of precious metals vs food water and shelter.

Again, my idea ? Go to Royal or U.S.Coin or Southwest Bullion down on Westhiemer, pay spot plus a couple bucks for some Eagles, Pandas or Libertads. Put them away ( except to stare at them on occasion ) and who knows you might actually hit on a one or two future years that have low mintages and develop numismatic value. At the very least this could happen in 50 years or so.

Im 24, I've been buying alot of ASE recently. I am a few away from having a tube of 2013's. I started with getting two oz rounds from each country, but then realized that I was paying alot more than id like to for premiums. That's when I started mainly going for maples and ASE's. My goal was to get a "tube" of each, overtime. I realized that was a pretty tough goal for me and the market is very weary so I cut that in half to a tube of ASE's.

While along the way I purchased alittle bit of gold and a few generic silver rounds, I even have a 10oz bar. My point being is that I just purchase whatever I can, whatever really interests me, whatever I feel like could be quick liquid just in case I would ever need to sell it. I tried to be consistent, but its tough not being quite "set up" yet and not making big bucks.

Just do alittle overtime, and it will add up that's for sure. Don't think you'll ever be lucky enough to buy at the bottom and ride the train to the top.