| Author |
 Replies: 22 / Views: 2,265 |
Page 2 of 2
|
|
|
|
Valued Member
United States
300 Posts |
|
|
Moderator
 United States
188105 Posts |
Thank you, but I already feed multiple investment accounts.  |
|
Pillar of the Community
United States
7275 Posts |
If it gets to $50 (which I highly doubt it will), I would sell a significant portion off. I don't have stacks of Silver and in the scheme of things selling all my bullion doesn't amount to anything in the financial picture, but I could use it to fund a new car purchase. I really like the new Mustang convertibles. Silver for a Mustang   Edited by hfjacinto
01/23/2024 11:30 am
|
|
Moderator
United States
188105 Posts |
Quote:
I don't have stacks of Silver and in the scheme of things selling all my bullion doesn't amount to anything in the financial picture, To be honest, I am in the same position. My collection is relatively modest and has never been a part of my investment strategy — its real value is sentimental. For budgeting purposes I treat my coin purchases as a consumable; once bought, that money is gone. Quote:
I really like the new Mustang convertibles. Silver for a Mustang  |
|
Pillar of the Community
United States
7275 Posts |
Quote:
For budgeting purposes I treat my coin purchases as a consumable; once bought, that money is gone. JBuck, while you and I have the same financial ideals, I do like that coins/currency do have some value and when getting higher cost items, I will sell off items that I lost interest in or I've upgraded. And while I don't upgrade a lot, there are times that I am offered a good price (mostly from other posters and members) that it makes sense. So yes, I don't consider coins as an investment but I do like that they have value. |
|
Moderator
United States
188105 Posts |
Quote:
but I do like that they have value. It is a bonus. I cannot deny that.  |
|
Valued Member
 United States
84 Posts |
Because the market & housing would prolly be the reason for the increase, that's why I would trade for gold. GSR is 90:1 right now. That gap should close quickly if the SHTF.
P.S. Stash some junk silver for barter in case the reset takes a while. Can you sat CDBC?
|
|
Valued Member
United States
416 Posts |
Quote:
Silver is highly manipulated by the big financial firms . I hear this said over and over, but no one ever posts any evidence. Hunt brothers in the 1970s, yep OK. Anything since then? |
|
Pillar of the Community
United States
3343 Posts |
IMO the manipulation is done by ETF's. They're founded on investor's faith that they hold precious metals, even though investors have no access to the metals they hold. ETF's have only existed for the last 20 years. Whether they actually hold the metals is moot - they're really more like index funds.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
|
|
Bedrock of the Community
Australia
21786 Posts |
If silver breaks out,
given enough time,
it will come back again.
I will do what I have always done.
I will bid for numismatic lots with multiple items within, where silver is just collateral.
My bid will reflect the numismatic content,
and the silver will continue to be regarded as a free bonus.
|
|
Pillar of the Community
United States
541 Posts |
If silver suddenly went to $50 or more that would mean that the US dollar just crashed. At that point I would be even less inclined to convert silver into dollars. In the mean time convert 40% into junk 90% silver and use that to barter when the you know what hits the fan. Junk foreign silver .500 -.900 fine is also junk silver when the time comes but it will be a little harder to barter since it is not as well known. Pure silver and gold rounds are for wealth preservation and should be carried over into what ever new currency replaces the worthless dollars. Never use the pure rounds until normalcy has been reestablished.
|
|
Pillar of the Community
United States
1373 Posts |
I think that I will do nothing.
I value my coins by the dates and mint-marks struck on them; not by what metal they are made out of. Whether my coins are made of silver, copper, nickel, or cardboard doesn't really mean a lot to me.
However, if prices for silver did go up that high, I would make an effort to dump my junk (duplicate/lower grade) silver coins.
|
|
Pillar of the Community
 United States
5178 Posts |
Be careful what you wish for. Because at $50/oz silver, oil most likely is $100++.
So, you celebrate having expensive silver but will grind your teeth when filling up your car.
|
|
Pillar of the Community
United States
2049 Posts |
Quote:
If silver suddenly went to $50 or more that would mean that the US dollar just crashed. At that point I would be even less inclined to convert silver into dollars. It got very close to $50 back in April of 2011, but didn't stay there long. I thought about cashing in at that point, but had the same concern you did about things crashing entirely. It didn't stay that high for long at all and was back in the mid-30s shortly after. I don't look at silver as a way to make money. I look it as a way to diversify savings and preserve wealth. I have sold when unexpected bills came up, but always regretted doing that. Now my strategy is slow and steady adding a little at a time. |
|
Moderator
United States
188105 Posts |
Quote:
So, you celebrate having expensive silver but will grind your teeth when filling up your car.  |
|
Page 2 of 2
|
Replies: 22 / Views: 2,265 |
Page 2 of 2
|
First Page
Posted 01/23/2024 11:20 am
