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 Replies: 19 / Views: 3,796 |
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Valued Member
Portugal
263 Posts |
Good to see more silver investors arround, I really dont belive that the majoritty of peopple know what gold and silver is, its money and walth to me as I guess it is for you too! If everyone else figures that out well all do a lot better, but they will, in the big depression they figured it out only too late, when they wanted to buy gold at the peak at that time, there wasnt much avayllable, so they bought at any price!
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Pillar of the Community
United States
4008 Posts |
Good job, Terrib. I'm sure that you will be VERY happy with the quality of those SilverTowne 10-oz. bars. They will seem MASSIVE compared to your other silver bars!  |
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Valued Member
United States
493 Posts |
I like em, they take up less room, seem good for long term stacking.
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Valued Member
United States
78 Posts |
I dont have any 10 oz'ers yet, but thinking about it...I like the idea of buying one each month for the rest of the year...and my tax return should be arriving soon...
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Valued Member
Portugal
263 Posts |
Good way to invest in your wealth tax return in silver!
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Valued Member
United States
223 Posts |
What kind of premium did you pay? Been thinking about buying a few but rveryone I've seen has had atleast a $20 over spot premium on it.
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Pillar of the Community
United States
4008 Posts |
 , to the forum, aandabooks.  |
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Rest in Peace
United States
9104 Posts |
, aandabooks! |
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Valued Member
United States
67 Posts |
The 10 oz bars are very impressive - really dwarf the 1 oz bar! I thought Silvertowne had a very good price. Just checked tonight & a 10 oz bar is $384.00, no shipping. Wish I had the funds to order one!
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Pillar of the Community
United States
4008 Posts |
Quote:
Been thinking about buying a few but everyone I've seen has had at least a $20 over spot premium on it. Buying a 10 oz. silver bar for $20 over spot is a pretty good buy. That's only $2 per oz. over spot. It is difficult for dealers to stay in business if they sell for much less than this. |
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Pillar of the Community
United States
1454 Posts |
Just for fun, I went back and checked my inventory because I didn't remember ever buying any of these; but then I saw one listed. Got it 3 years ago. Something tells me I won't find that deal again anytime soon. Guess I should have bought a couple more, huh?
Northwest Territory Mint 10 oz. Silver Bar (1) 2/26/09 $165.50 :)
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Pillar of the Community
United States
4008 Posts |
Quote:
Something tells me I won't find that deal again anytime soon. Guess I should have bought a couple more, huh? Oh, yeah! Imagine having bought several of those back then. We probably have a number of people on this site who did just that and more. I'm happy for them but would like to join them in buying some silver for what turns out to be cheap a couple of years later.  |
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Pillar of the Community
United States
1454 Posts |
Ed,
I kick myself a lot over missed opportunities like this one that I only lost out on due to my propensity to first research then buy at only the lowest possible price. I could have had four of the Wolverines for under $100 but in each auction, I was outbid by a buck :o(
But here's an untested but logical tip I'll share. The Mongolia Gula Gula that's now selling north of $1400 was first nominated, then chosen as Best Silver Coin of the Year and Best overall COTY. AFTER the nomination, the prices began a slow steady rise, then as supply dried up, the coin jumped north of $800 and remained for quite a while until recently. Before this, the prices were stable at, like I mentioned, under $100. As you may known COTY coins are chosen two year after mintage so if you were to get moving on buying COTY nominations immediately after they were chosen, happens in January, you would most likely be able to resell them for a nice tidy profit, especially if you concentrate your purchases on low mintage varieties. I'm just a buyer and don't plan on becoming a seller unless I'm absolutely forced to, so I've never tried this method; but I bet it would work beautifully.
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Pillar of the Community
United States
4008 Posts |
Traevin... well, don't beat yourself up too badly. As a long time investor (started in 1976), I have seen a lot of opportunities come and go. At the time that I could have invested in them, there was no really good way to know how that would turn out. We make the best educated guesses we can about what will happen in the future and, occasionally, we get it right. I was once told, and now firmly believe, that a good investor will make money on 1 trade in 3. He will break even on another trade and lose money on the final one. The trick comes in when we make much more than we lose, so our wealth accumulates over time. There have been any number of things I should have bought but didn't and also some things that I should not have bought but did! All part of the investor education process, though. Quote:
I'm just a buyer and don't plan on becoming a seller unless I'm absolutely forced to, so I've never tried this method; but I bet it would work beautifully. I think that you could be on to something there. The part I really like about this is that there seems to be minimal downside risk but substantial upside profit potential. Maybe you should try this a few times with a small amount of seed capital? If it works, the profits could be used to continue the process and also help fund your PM collection. I also am a buyer and not a seller, so have not sold any of my silver holdings so far. They are my Bad Times insurance fund as well as a collection that I enjoy putting together and looking at now and then. If silver were to go up a lot in price, yes, I would probably sell a few hundred ounces but only in the hope of buying it back again later on at lower prices. In the event of a financial collapse of some sort, then I would be using it as trade goods and bartering for anything I need but don't already have. If it is never needed for this, then it becomes a family legacy that passes down to the kids and grand kids. |
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Pillar of the Community
United States
3670 Posts |
Yeah it feels good in hand, and it can double as a club tip or crude weapon (werewolves are not fans of silver), as a clonk over the head will indeed leave a mark....
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Replies: 19 / Views: 3,796 |
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Posted 02/10/2012 7:37 pm
