What Would You Buy?

Thanks! I plan to hold onto this thing for a long while, I really hope gold continues to go up! Biggest purchase I've ever made, and hopefully I wont regret it!

Another one of the vendors tried to offer me an ungraded one for 1950$, when I told him the other guy would sell one to me for $1925 (Before I told him 1900) he told me he would sell it to me for $1850, but having a graded one makes it much easier for me to buy, I always worry about conterfeit coins

That's how I'm getting away with it too :) the problem comes when the missus decides it's time to spend the silver stash when silver's on one of its dips.

My situation may be different from yours. Many years ago my wife and I decided to split our money into 3 pots: Hers, Mine, and Ours. This was reasonable as we both had careers and earned our own money. The Ours pot was contributed to on a monthly basis and covered all the household bills, such as food, mortgage, insurance, utils, repairs, replacements, etc.

Back in those days, we had to talk each other into spending on an item if it cost more than $100. That was just an arbitrary amount that we picked that seemed good. We figured that if we could not talk our spouse into letting us spending the money, then we probably did not need the item at all. This worked well because both my wife and I want each other to be happy and to have the things that we want. What we did not want was frivolous spending and the acquisition of useless junk that was soon stuffed in a closet and forgotten.

As the years went by, our separate money pots got bigger and less watched by the other spouse. These days we pretty much spend whatever we want but we did spend a lot of years developing discipline and care in spending money, so it isn't like we are going to charge off and go crazy with spending at this late date.

All that said, I collect silver bullion, some as coins and some as bars. My wife knows all about it and we both consider it MY property. She does her thing and I do mine, basically. Of course my silver collection is available to everyone in the family in cases of true need. That's why I have it. What it will not be used for is "wants", not by me, her, or anyone else in the family.
This is part of our emergency fund and that is when it will be used. Other than that, it will be held and then passed on to the kids and grand kids as part of their emergency funds.

That's one thing I like about bullion coins. As long as not too much emphasis is put on the numismatic value, they will act as an heirloom/collection just as well as a rainy day fund.
Your situation sounds very ideal Ed. My wife and I tried something similar, but with both of us still financially immature, we always end up having to pool everything together for the larger bills and purchases. Aside from our PM collection though, we've definitely stuck to the idea that we would reign in spending and keep the garage (and house) free of junk that we don't need. Having moved 3 times in the past 4 years, we've learned to put the money where it counts, and that's helped out a lot with the savings.

No, no tax on bullion in my state!




Trust me, this is a huge deal for me... I typically buy pieces here and there, I had some extra money saved (which is hard being a college student) and I would put most of it into stocks and mutual funds, while I set aside a little bit every few months for some PM's.

This is not an everyday occurance, and I'm not sure if I will be able to justify spending this much again! But I do like it a lot! I keep finding myself looking at it haha

Indeed so. I suspect that a lot of bullion collectors look at their coins and bars in this way.

I am also quite fortunate that my Mom and step-Dad have quite a collection of silver quarters, halves, and dollars... about 25# worth. This is part of their emergency fund and they want me to have it when they pass on. While I am definitely not looking forward to losing them, having this bullion added to my own should result in a truly significant hoard for the kids and grand kids to inherit. My son gets the idea of holding silver coins for financial emergencies. My daughter, OTOH, is a spender and does not. I may have to let him hold the hoard when the time comes and dole it out as needed. He has no difficulty understanding what is right, fair, and just so I am not concerned about him handling the distribution.

The heck with gold. Silver is dumping.