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 Replies: 19 / Views: 2,497 |
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Pillar of the Community
Australia
3831 Posts |
Metals are one of the worst investmest in the long run. With the weak USD that makes metal prices look extraordinarily expensive and extremely cheap to foreign buyers, mining companies are extremely happy with the high metal prices at the moment. Silver prices historically don't raise that much due to the high recycling percentage compared to other precious metals. Perhaps it's actually better to invest in mining stocks rather than coins. You came in too late in the market. Most metal prices are expected to slow down at 2010 and perhaps fall in 2012.
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Pillar of the Community
United States
764 Posts |
slabbed keys,
best chance of going up
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Bedrock of the Community
United States
14454 Posts |
if these are the only choices I have to pick from I would have to say key slabbed coins because they will always have investers and collectors looking for them at the same time, the bullion has one or the other looking for them. But now the part I tell everyone else, a collection/bullion hoard is not for short term gain because the market is so wishy washy all the time, when its going good its usually going really good but when its going bad, it usually going really bad and people have lost millions within a matter of minutes with bullion market because the spot prices fluctuate so much and you still have people just trying to break even from the big boom of metals in the 80's that are just holding on to what they have until that one day they may be able to break even and sell off all they bought 20 years ago
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No longer with us
United States
207 Posts |
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Valued Member
United States
99 Posts |
Gold or ASE's I would go with the silver, more for your buck and most people think silver will play catchup all at once. Personally I like my silver investing plan though its quite time consuming. I am just shy of 25 ozt for this year with a face value of $56.50. Good luck whatever you decide. HH Mark |
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Bedrock of the Community
United States
20753 Posts |
Regardless of what you do as an investment, try to think of liquidity. At a bank you can just walk in, if open, get your money and walk away. With stocks you have to contact a broaker and if the stocks are electronically held, they have to be sold and then your sent a check in the mail. Possibly also electronically entered into your bank account. This could take a few days or longer pending the ability to sell your stocks. Collectables such as stamps, sporting cards, Hot Wheels, Beanie Babies would be like selling buggy whips. Not easy and may take weeks or even months if even possible. So now you have a pile of Silver Bars. Your at home and decide to buy something but you need money. So just where do you sell those Silver Bars and what are you going to get for them. At least with coins there is a substantial amount of coin shows around me. Every weekend somewhere. So I could sell any coin on a weekend if money is required. The higher the grade, the more popular the coin, the easier to sell. But even there not much chance selling a Silver Bar, Gold Bar or especially a Platinum bar. So the summation is to think liquidity if your talking investing. That means a bank first and coins second. For a POSSIBLE fast investment increase something like a high grade 1916D Merc or 1909S VDB,in a TPG slab might be the best idea. But only if you have access to a place to sell such things. |
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Valued Member
United States
194 Posts |
I don't know about others areas but at coin shows in my area I was getting au Franklin half dollars for melt and other 90% for under melt. in fact I bought a franklin for $4.00 when silver was getting close to $5.00 I would invest in 90%. Jser |
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Pillar of the Community
United States
1173 Posts |
If you know the series, and I mean know it, and if you have an experienced eye for coins, then buying unslabbed key dates offers your greatest potential for reward, but also your greatest risk. If you can find a 1909-S VDB or a 1916-D Merc, unslabbed, but also uncleaned, with good rims, etc., and with eye appeal, for your $500, then get it slabbed by PCGS or another respectable company, then you just might make some major profit if you have a means of selling the coin for retail prices (e.g., selling on ebay.) The risk, of course, is that you buy a fake, or a problem coin, and can't get it slabbed. That's why you need to know the series and coins in general. I would also suggest looking at series that have not been popular recently, but might cycle back into favor. Liberty nickels and # CN's are good examples of coins that could see a major increase in popularity, IMHO. The keys have already made some pretty big moves, but if the economy holds, could move much further. The economy is problematic at this juncture. If you follow the market news, you know that most retailers saw weaker than expected holiday spending. The question is why? And do you think people will be buying key date coins, or paying their mortgages and buying food if the economy actually sags into recession? Since you have $500 that you can afford to "lose" for 2-3 years (by the way...that's a pretty short investment horizon actually) go ahead and speculate. But if you really need access to those funds "at the drop of a hat" then you might want to rethink things a bit. Best of luck. Edited by hunter20ga
01/14/2008 11:32 am
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Pillar of the Community
 United States
1151 Posts |
Thanks everyone for your thoughts.
Yes there are better and safer forms of investments, but I want to keep with things that I know and enjoy, coins / silver.
I have other investments, stocks - real estate - mutual funds - etc. I just want to try something different, short term and without much investment of cash.
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New Member
United States
9 Posts |
With watching the market for the last year or so I have to say Silver is truly in position to make a big move soon.
If you interested in bullion I get my info from
www.GoldISMoney.info
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Pillar of the Community
United States
4870 Posts |
Silver Canada Maple Leafs
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Pillar of the Community
United States
2602 Posts |
For purely investment purposes, I would not do silver, but rather go with keys or semi-keys. Keys and semi-keys almost never go down in value. They may stay the same for a few years, but rarely go down. Silver and gold, on the other hand fluctuate wildly. And since silver and gold are at historic highs, I personally wouldn't be a buyer right now, but a seller. Even in the worst economic times over the last 25 years, the keys and semi-keys at least tread water.
I agree with Coppercoins that there are other better investments than coins.
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Valued Member
United States
99 Posts |
I would rather have my wealth in metal personally, if I had more wealth that metal would be gold, as it is I like ME few hundred ounces worth of 90%. If silver plays catchup like some predict I would like to trade over and get some gold. Gold is too expensive for ME to buy outright right now but if silver were to take off and gold stay under $1000 I would convert in a heartbeat. I have some placer gold that I found myself that I am debating on selling at these high prices and converting to silver- I have been debating this for some time, the sentimental value keeps winning out haha. HH Mark
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Pillar of the Community
United States
1541 Posts |
I've been wondering... lot of people are talking about a recession. And how buying gold and coins would help you stay afloat during a recession. Its also true that during a recession people are very reluctant to spend money but rather hold onto the paper money you have. So assuming even collectors would hold on to the paper money they have who actually buy the coins others are willing to sell?
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Pillar of the Community
United States
4870 Posts |
I see silver today closed at $15.91/oz...
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Replies: 19 / Views: 2,497 |
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First Page
Posted 01/12/2008 12:27 am
