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 Replies: 21 / Views: 3,561 |
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Valued Member
United States
343 Posts |
Heh I was gonna say house payment car payment... I'd go with larger bars. 5 or 10 oz.
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Valued Member
United States
280 Posts |
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Pillar of the Community
United States
1068 Posts |
Quote:
If you purely want to invest in something, then don 't buy the actual stuff but invest in a silver fund. When buying the physical stuff you usually end up paying premiums on top of the actual metal value. My Financial Advisor said the exact opposite... I asked him once about it and what his thoughts were and he said if you want silver then go buy the actual stuff... He never recommend buying it on paper when you have nothing to show for it... |
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Pillar of the Community
Russian Federation
5177 Posts |
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If you purely want to invest in something, then don 't buy the actual stuff but invest in a silver fund. This, if it's a possibility. If it's not, large bars - just make sure the shipping on a 10 ounce bar is not more than twice the shipping on a 5 ounce bar! |
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Pillar of the Community
 United States
2843 Posts |
If you have a "prepper" mentality in investing, then you will want the actual stuff not a paper that entitles you to it. That would be as worthless as a dollar bill.
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New Member
 United States
2 Posts |
Thanks for all the replies!
Fully funded 401K, 5% of salary in company stocks, retired military check, no credit cards, truck paid off. Worked hard to get here, so investing in silver is going to be a hobby. Semi prepper, more of a long term item though. One thing I am looking for is the break off silver squares. Where can I find those as a good price?
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Pillar of the Community
United States
4333 Posts |
Long term holding of PM's are not really considered an investment (by preppers), but a hedge against inflation, or insurance against a failing currency. For short term investing and profit taking, paper is the way to go.
You guys that say collect pre-'64 90% silver, whats wrong with 1964?
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
711 Posts |
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You guys that say collect pre-'64 90% silver, whats wrong with 1964? LBJ for starters. |
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Valued Member
United States
154 Posts |
Also, buy from a reputable dealer, a major online seller would have the best price. Have to watch out for counterfeit these days. I like the sunshine rounds with the security mark and also Canadian Maples with the security mark. Also, one ounce rounds are harder to counterfeit than bars. My next purchase will be the sunshine Walking Liberty 1 oz rounds.
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Pillar of the Community
United States
4333 Posts |
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LBJ for starters. I couldn't care less about dead presidents. Send all your 1964 silver coinage to me. I will pay two times face value. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
59 Posts |
i spend about $500-$1K a month on silver. I buy off the streets from private parties. Ppl get desperate need money. Meet at a LCS get the silver authenticated. Desperate ppl don't worry about premiums or getting silver spot price exactly. Simple rules of engagement is if I can get it cheaper buying in "bulk" from a corporate dealer than from ppl or a LCS I won't buy. My favorite is getting premium coins ASE or Maples for example w/o paying that $2.50-$5 premium and at a lower than spot price. Find desperate ppl. |
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Pillar of the Community
United States
1119 Posts |
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Meet at a LCS get the silver authenticated. What happens when LCS offers more than you? |
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Pillar of the Community
United States
1119 Posts |
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You guys that say collect pre-'64 90% silver, whats wrong with 1964? Mintage numbers are too high for 1964. plus I like Ben more than JFK |
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Pillar of the Community
Canada
3692 Posts |
My advice would be to spend a year absorbing all the knowledge you can before wasting money on this. Just by your question of "(will we ever be able to melt them?)" says a lot. Melt them.... why? To get .999 that you can just buy over the counter? To have .999... why? To use later for your own alloys? For investment purpose that is easily done with silver bars? Investments mean kilo bars or 100 oz bars and higher. Don't follow what other people are doing, by falling into the "divisible" small amounts or "diversifying". Diversifying silver forms means you don't know why .999 is important, or you like one coin over another merely because one has the image of a bear as opposed to an eagle. Don't fall into these traps. .999 fine grains or bars, large amounts. Done. Hold. If that's not your goal then you don't know what you're doing. Spend a year just to read and never believe what a dealer or advertisement tells you.
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Valued Member
United States
59 Posts |
@Steele I don't have the LCS get involved concerning the price nor have I had one inquire and try to under mine me.
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Posted 07/15/2016 09:20 am
