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 Replies: 62 / Views: 9,370 |
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Pillar of the Community
United States
3789 Posts |
Back in September 4, 2012 a dealer was advertising in USA TODAY the canadian silver antelope coins, the 1 oz type, for 33.80, plus 1 each for shipping. Again, this was in September of 2012. Here we are over 3+ years later, Go on ebay and research recent ebay auctions for these coins. An average price for his coin now is $20 dollars and that is stretching it. It doesn't matter if the bullion coin is a limited mintage run either, if spot silver or gold is going lower, those bullion coins go lower also. Now imagine if one bought a roll or two of these. You are really underwater by 300-400 dollars or more. One might try to rationalize this by saying- I am it in for a long time, I can wait decades. Thing is one has two things going against them 1- Life has many twists and turns, one might need to cash out before you can wait 2- It will take a long time to get out of the hole one is in, just to get flat. bottom line- trying to buy even now with what one might consider to be 'low prices" is a losing proposition. Be careful in how much one buys. |
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New Member
United States
35 Posts |
Always be careful how much you are buying or investing in any situation. But I disagree with your conclusion that buying silver now is a losing proposition...unless you're saying buying premium bullion instead of generic rounds or bars is a losing proposition? If so, I apologize for misunderstanding and I do agree that generic bullion is a better investment than premium bullion.
But like with all investing, it's timing. If you dropped your life savings on silver in January 2010 and sold it 14 months later, I'd hardly calling doubling or tripling your money a losing proposition. And, although I may be wrong, I think that in 1-2 years, that's what we are going to see.
At the very least, I strongly believe bullion is a better investment than the DOW.
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New Member
United States
36 Posts |
even IF I don't make a ton of money off of my meager stack.....if the government freezes my funds or my house burns down, those 1oz silver coins are going to be real handy
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Pillar of the Community
United States
7390 Posts |
How did I know the was a yup thread as I read the title  |
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Pillar of the Community
United States
4212 Posts |
I just bought 5 'roos. One to keep, the rest for the kids.
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Rest in Peace
United States
17900 Posts |
If I had one Mill (one-tenth of a cent) for every paragraph written as to why and when bullion and related coinage was good or bad, I'd be passing out silver forever and never be able to get rid of it.
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Pillar of the Community
 United States
3789 Posts |
Well what spurred me to write this up was just going over some paper work and came across the Ads I had saved.
Obviously everyone is free to do what they want and I certainly dont care nor will I tell people what to do. I like silver just as much as the next guy.
My point is simple is that its just not great to be buying an asset thats being dumped. I would imagine all over the world there are stackers deeply underwater, So sure you might have stacks and stacks of silver but its also major losses as well. I know someone is dying to say "yea but its only a loss till you sell". True but most times individuals have to end up selling when they dont want too.
The other take away is to be patient. Wouldnt it better to wait it out, if you love silver so much and buy at much lower prices than just buy silver each time its went lower?
Again, its not my money.
... and yes, buying silver and gold is a losing proposition and has been for 3 plus years now. A good investment does not start off on the wrong foot. IT starts out well and increases. No one that has been buying silver and gold, not even from last year is ahead of the game. Buying declining assets, especially commodities carries even higher risks. But again, not my money.
Edited by yup7676
01/26/2016 2:14 pm
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Valued Member
Panama
137 Posts |
Silver may go up and down but CML's and ASE's will always have a premium, I tend to sell when silver is high and buy when it's low, silver once topped $50, I'm pretty sure it can happen again |
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New Member
United States
35 Posts |
Talk to me in two years yup...buying precious metals at a five year low with hyper-inflated fiat currency may not be your investment of choice. That doesn't make it a losing proposition!
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Pillar of the Community
United States
3789 Posts |
I have no horse in this race, nor do I invest. I would be a buyer of silver/gold once they get into downtrends, whenever that is.
But for now, lower prices are here to stay until things change, whenever that is.
But I will say it again, for anyone whos been buying the decline, they are all underwater.
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Pillar of the Community
United States
7390 Posts |
I thought you posted this to steer people away from the false gains today that are being drivin by higher oil on spec that opec is signaling a production cut yup. But Iran will open the flood gates soon and a reversal will surely follow
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Pillar of the Community
United States
3789 Posts |
oops, typo, my mistake.
Let me say that again.. I would be a buyer of gold and silver if/when they get into an UPTREND. They must stop declining and start moving higher. I will and do not buy any asset that is declining and at yearly lows or near them.
sorry about that!
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Bedrock of the Community
United States
10982 Posts |
Don't worry about us being underwater. We're not as dumb as you might think. If and when equities are allowed to find their true value it will be a lot lower than they are today. A lot.
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Bedrock of the Community
Australia
21786 Posts |
If you are happy to buy bullion rounds or bars at a large premium that is OK; you must be a collector, not an investor in silver.
In this situation, timing is not important.
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Pillar of the Community
United States
3789 Posts |
ehhhhh I dont think and one would be very hard pressed to assume that I am saying anyone is "dumb". Remember, I like silver as much as you do.
My whole point is to again just express some caution on buying and buying silver, thinking that every dip in price is a steal. Same with gold.
I mean I would love to own a roll of elephants...but I dont because it just isn't a good use of money right now.
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Moderator
 United States
16679 Posts |
I been buying an ounce every paycheck for years. Will continue to do so. If I'm gone, the wife knows where it is :-)
Bottom line, never put all your eggs in one basket. Diversify over the long term.
The tortoise always wins.
swcoin.ecrater.com
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Replies: 62 / Views: 9,370 |
Posted 01/26/2016 1:27 pm
