| Author |
 Replies: 19 / Views: 3,310 |
Page 2 of 2
|
|
|
|
Pillar of the Community
 United States
581 Posts |
Quote:
wondering about your logic for why it will increase in value?
1) Because it already has...If I were to sell it right now. For the price I paid for the bar, If I were to flip it now, I would make anywhere from 30-50 bucks. 2) because the dealer said so  ...He told me silver is going to hit at least 90.00oz and we all know that dealers would never steer you wrong. |
|
Valued Member
United States
61 Posts |
I will chime in IF inflation takes hold, tangible investments will do very well. No one can know for sure, but as long as we keep printing money and spend more than we take in, I like the odds. And if it goes down, buy more! Cost average works in any investment, just keep no more than 10% or so of your life savings in it. Diversification allows you to be wrong.
|
|
Bedrock of the Community
United States
11951 Posts |
very cool ... I would like to have a nice stack of those.
I am looking at the silver I am buying as insurance ...... just in case things go really bad.
|
|
Pillar of the Community
United States
581 Posts |
There is an interesting thing that I noticed. As ebay is a reasonable resource for "right now" values. I was checking out what right now would yield. If I were to sell this at the right now ebay price, I would make upwards to 70.00 profit (discounting ebay fees) But only for this particular style of bar though. It seems that the JM bars fetch a little bit more of a premium than the "picture" ones. Last week I missed out on the "wall street" 10oz bar. It pictured the world trade center buildings. This week I picked up this bar. The JM name seems to be the higher end. (lack of better terminology) |
|
Bedrock of the Community
United States
17884 Posts |
Quote:
1) Because it already has...If I were to sell it right now.
For the price I paid for the bar, If I were to flip it now, I would make anywhere from 30-50 bucks. Silver went up $3 - $5 an oz yesterday? |
|
Valued Member
Canada
307 Posts |
Quote:
2) because the dealer said so ...He told me silver is going to hit at least 90.00oz and we all know that dealers would never steer you wrong.  stop your killing me |
|
Pillar of the Community
United States
2541 Posts |
Don't get me wrong, I have a 10 oz silver bar and I'm slowly hoarding up more silver, but it's not going to be more than 5% of my investable assets. The lack of dividend over time means the upside is limited. With that being said, I'll eat my own words because my 10 oz silver bar is the best investment I've ever bought. I bought it when silver was a $7.70 per oz. I just wish I bought a 100 oz bar instead!!
|
|
Bedrock of the Community
United States
20753 Posts |
Read the post called "Something to think about"
Sort of goes along with this investment idea.
|
|
Pillar of the Community
United States
581 Posts |
Quote:
Silver went up $3 - $5 an oz yesterday? The reality answer to this is...no The ebay answer is yes. The investment answer is purchase price at 17.00 an oz when spot is 19.00+oz (buy low sell high) This particular style/brand of bar, I have observed selling prices about 240.00+ per 10oz. with the obvious yoyo ebay effect taken into consideration. |
|
Pillar of the Community
United States
2335 Posts |
Quote:
The investment answer is purchase price at 17.00 an oz when spot is 19.00+oz (buy low sell high) I've been wondering how you made the profit you talked about in such a short time. Buying under the actual value is a great way to profit. If my dealer was willing to sell at that much of a discount under spot I'd buy as much as s/he would sell, immediately call APMEX to lock in a price......& have it in the mail to them that afternoon. |
|
Pillar of the Community
United States
581 Posts |
That was the only bar he had at the time. All the rest were rounds and ASE's I would hace bought more, but lack of cash prevented purchasing more. |
|
Moderator
 United States
16679 Posts |
Keep in mind natural gold nuggets too. They are nice investments as well, generally selling at a premium to spot at any giving time.
swcoin.ecrater.com
|
|
Valued Member
United States
254 Posts |
Personally, I like to buy mercs and Roosevelt dimes at spot and search through them. This way you can find better dates or coins of numismatic value and use the leftovers as an "investment." |
|
Valued Member
United States
206 Posts |
I would buy US raw common date silver coins or gold coins as an investment.
Closest price to spot!
The fancy molded bars or graded bullion coins are the biggest down side to rare metals.
Who cares if you have a ms70 or proof70 bullion coin when you go to sell it, the gold value is what is real...The packaging is superficial.
I would rather have the 20% to 40% more metal for my buck
|
|
Pillar of the Community
United States
581 Posts |
Banking on the "desirability" of a certain brand of bullion metal is a crap shot - at best. What is hot today may not be hot tomorrow.
|
|
Page 2 of 2
|
Replies: 19 / Views: 3,310 |
Page 2 of 2
|
First Page
Posted 08/28/2010 9:00 pm
