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Silver Really Worth Investing In?

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First Page  Showing last 15 replies.
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Valued Member
Canada
137 Posts
 Posted 12/02/2015  11:04 pm  Show Profile   Bookmark this reply Add canadiancoinaholic to your friends list

I believe that physical silver is something everyone should have,whether it is close to bottoming out right now is another Storey. It will probably drop some more if the interest rates rise but you definitely want to keep your eyes on it ,pick it up when you are happy with it .
Another thing you want to keep your eye on is the gold to silver ratio,it currently 75-76 to 1. This means that for every 1 once of gold you buy you could buy 75ish onces of silver. The higher the ratio the better. When the ratio drops enough like in 2011 you trade it for gold and if hyper inflation every hits like in Germany in the early part of last century then you can trade it for something even more important...food
Pillar of the Community
United States
5833 Posts
 Posted 12/03/2015  06:04 am  Show Profile   Bookmark this reply Add macmercury to your friends list
My perspective is buy and collect if you are interested in the coin itself, but investing in PM is not wise as of the moment, could be a while before it does go back to the twenties? Having a few coins in a collection is a joy to look at, but this is money you can afford to park to a side and not afraid of losing it. Hopefully rewarding toward the future.
Pillar of the Community
United States
2130 Posts
 Posted 12/03/2015  07:48 am  Show Profile   Bookmark this reply Add Connor to your friends list
I buy any and all silver with money that is not needed to pay the bills. Also, 10% of my pay is put into a 401k like retirement account everyother week. I do not even think about silver when I think about retiring 20+ years from now.

On the other hand, I have been "stacking/collecting" silver long enough now to see it go very high and I am currently watching it go down very low. I hope to realize some profit when it starts to go back up. I understand that may be 5, 10, 20 + years from now. Statistically speaking I feel I am young enough to make money on silver during my lifetime.

So to wrap this up, I would never "invest" in silver. It's just to unpredictable. I buy because I enjoy collecting bullion and 90% silver. Unlike most hobbies, I do think I have a pretty good shot at getting most of my money back and hopefully make a little when it is time to sell.
Pillar of the Community
United States
1602 Posts
 Posted 12/03/2015  08:46 am  Show Profile   Bookmark this reply Add Biedercoins to your friends list

I realize we're in the PM forum, but there is a lot more to coin collecting than silver eagles, rounds, and 90%. If you're into the hobby just to stack silver (or gold), you're going to get bored pretty quickly - not to mention anxious. What drew you to CCF? Do you already have a coin collection of some sort?
I think most of us here are collecting because we like to build something. We like the challenge of trying to complete something. I like the connection to history. I see coins as small sculptures, little works of art (except for some Barber issues .
So ask yourself why you should put your time and $$ into coin collecting. Start small, and BTW,



New Member
United States
2 Posts
 Posted 12/06/2015  05:19 am  Show Profile   Bookmark this reply Add BigHead to your friends list
Wow! Thanks everyone I learned so much!
Bedrock of the Community
Australia
21788 Posts
 Posted 12/06/2015  07:10 am  Show Profile   Bookmark this reply Add sel_69l to your friends list
Frankly, I don't really give a darn if the silver price rises or continues to fall further.
I started collecting coins seriously when I was 16 years of age and I am now nearly 70 years of age, (as of next birthday).

The precious metals price trends have broadly followed coin prices trends in all of those 54 years.
I have slowly accumulated both coins and silver during all of that period.
I have seen the vagaries and ructions of silver prices and coin prices, both up and down, and I have long since learned not to be bothered by them.

My current silver stash is relatively small, because most of it has been converted to numismatic coins, which are on much the same sort of price roller coaster.

So I don't do too much navel gazing or thumb twiddling, when it comes to current silver prices.
Been there, done that.
Pillar of the Community
United States
3343 Posts
 Posted 12/06/2015  08:39 am  Show Profile   Bookmark this reply Add thq to your friends list
I stack and unstack without regard to price. I dropped a coin silver spoon in the disposal and was surprised to get $15 for the mangled thing. I wasn't market-timing the sale. I just wanted it out of the junk drawer.

For me bullion has always been a placeholder rather than an investment vehicle. I have had the pleasure of randomly stacking it, and my heirs will get something out of it when they liquidate it. It's a windfall for them whatever I paid.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Pillar of the Community
United States
1314 Posts
 Posted 12/07/2015  08:34 am  Show Profile   Bookmark this reply Add Chute72 to your friends list
I collect firewood. But I don't know what the weather will be like this winter.
Pillar of the Community
United States
4963 Posts
 Posted 01/11/2016  12:37 am  Show Profile   Bookmark this reply Add Numisma to your friends list
I recently made my first silver investment with a 25 coin tube of 2015 1 oz. Maples. I realize I'm unlikely to see any sort of profit in the next 5+ years, but I'm young enough now to stash them away for however long it takes to make a bit of cash. Anyway, the $400 I put into them isn't a major blow to my savings.
Rest in Peace
United States
18456 Posts
 Posted 01/11/2016  08:20 am  Show Profile   Bookmark this reply Add T-BOP to your friends list

I would say about 40% of my collection is silver coins with numismatic value. I feel this a win/win way to benefit my children and grandchildren. I will continue this method of collecting for as long as I'm above the ground.
Pillar of the Community
United States
4963 Posts
 Posted 01/11/2016  08:25 am  Show Profile   Bookmark this reply Add Numisma to your friends list
I really only collect coins with numismatic value. However, it can be nice to have a good, hefty mass of fine bullion in your hand.
Pillar of the Community
United States
3343 Posts
 Posted 01/11/2016  09:12 am  Show Profile   Bookmark this reply Add thq to your friends list
My dad hunted for rocks and stored them in glass jars. He bought part of an old tourist ruby mine, which he visited annually for at least 15 years. After he died we hauled the jars of unidentified rocks to the landfill and found a buyer for the mine, at about 1/3 of the price he paid for it. We never found his little ziploc bag of tiny ruby chips, which had an aggregate value of about $25. Counting the cost of the trips to the dump, the loss on sale of the mine, the cost of the annual trips to the mine, and converting to 2016 basis, his rock hunting hobby cost in excess of $100,000. But it was his hobby. If he had spent the money golfing it would have cost about the same, with as little to show.

I have the same collecting genes, but decided a long time ago to collect things that were small and valuable. I stack coins, but I like to pick and choose what I stack. My heirs will get better value from those coins than we did out of dad's pile of rocks.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
01/11/2016 12:35 pm
Valued Member
Australia
208 Posts
 Posted 01/11/2016  09:54 am  Show Profile   Bookmark this reply Add Misterpostman to your friends list
Here are a few arguments in favor:
1. Buying some silver (within reason) is FUN, and you still own something of value. Other kinds of fun such as vacations or fine dining are enjoyable, but don't end with you holding an asset.
2. If silver is at say $14 an ounce, you do not have to pay that much. At an LCS or online dealer you probably will, but if you search estate sales, Craigslist, even ebay, you can find it for less. (with stocks, the price is the price, and real estate has room for bargaining, but it is rare to get something for <50% of FMV, which can happen it garage and estate sales. I made money in silver and gold last year, even with falling prices.
3. As we all know, when silver prices drop, premiums go up. Melt on US 90% is about 10X face, but lots of people are paying 12 or 13 X on ebay and Craigslist. This limits the downside risk. This is even more true for semi numis like Silver Dollars. How low can they go really?
Pillar of the Community
United States
500 Posts
 Posted 01/11/2016  1:08 pm  Show Profile   Bookmark this reply Add Coinfusion to your friends list
I agree with the others in that I don't look at my modest silver holdings as an "investment". I am not a stacker but I do collect world bullion coins and look forward to the start of the new year. So far I have picked up the 2016 Kangaroo, Lunar Monkey, Panda, Elephant and the Benin Lion. When it is available I will pick up the 2016 ASE and a few others I will need to keep my sets current that I started 4 or 5 years ago.

I do this because I enjoy it and baring a future major financial obstacle my collection of bullion / coins will just get passed down to the next generation so I don't worry about what is worth today vs the future.

Have some fun! And
Pillar of the Community
United States
3789 Posts
 Posted 01/11/2016  11:34 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list
I bought silver as a teen, American silver eagles. I have seen them in my young life go full circle. Unless you can teach yourself to recognize when the market is in an uptrend and decide to sell and take profits, those coins you have really wont do much for you.

So by buying coins early, such as a roll of silver coins, you are buying an asset that doesn't pay you even a dividend, which when you compound dividends and start early, it will give you huge financial rewards.

So again, Silver is a HORRIBLE investment.
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