| Author |
 Replies: 42 / Views: 14,025 |
|
|
|
Pillar of the Community
United States
3789 Posts |
man, the OP of this thread, based on his first posting, is underwater big time on his purchases.
Now that CANNOT feel good or be any fun.
|
|
Pillar of the Community
Canada
871 Posts |
I personally started to collect China Panda coins. A different design every year and has higher premium than most bullion coins.
|
|
Valued Member
United States
315 Posts |
I've got 1.2 kg. Luckily I got almost all of it under spot. Some of it my mom gave me, I bought an overpriced 10 ozt bar, but I get the best deals on .925 silverware. I also have a roll of pre-64 quarters and a few 64 jfk's. the Jfk's I got at face from the bank. Right now I'm not buying, just holding. If I can get 30/ozt, I'd sell. I'll probably not buy anymore unless it hits 15-17. There's just too much out there. Bags of junk are almost at spot in my area. Silverware is already under spot (don't forget to calculate at .925, not total weight.) Silver jewelry is at spot at the jewelry store, and you can get it on sale. Supply is vastly outpacing demand. ASE's on ebay are going at bank prices, spot+2. Proof silver is at junk prices by the roll. Provident is also selling industrial silver at .20 over spot. I do regret investing so heavily in silver, I should have gone with gold instead. However, it's a mixed blessing. I don't have as much gold, but if I did buy it, it would have been at 1375 ozt. Edited by Superhal
10/16/2013 01:47 am
|
|
Pillar of the Community
Canada
1528 Posts |
I think it's important to remember to stack what you like and what you can afford to loose and diversify a bit. As much as we all wants to gain from our investment, there's alway a chance of the opposit. So it is important to able to make sure you can handle the worse case scenerio (silver bottom out)
|
|
Valued Member
Canada
246 Posts |
Silver is not an investment, like gold, it's just a protection against inflation and good at looking... It's a waste of money IMO... Better buying non-cyclical stocks on the market, the people still have to eat and brush their teeths for another century... Do you think Warren Buffet is rich because he invest in gold and silver? No, he's rich because he buy Coca-Cola 30 years ago and will all the money he re-invest in other good stocks year after year, buy low, sell high, non-cyclical, easy, secure and like I said, we will always need to eat, drink and brush our teeth, take some pills and get some rest... :)
|
|
New Member
Canada
8 Posts |
Agree with Mlalonde1977 above. Just a quick check on say Royal Bank stock (always been a fan of bank stocks). If you invested $1000 January 2, 2000 in each RY stock and silver, today's value would be $10,870 for RY and $4000 for the silver (not exact but close numbers). At silver's peak, it would have been worth just short of $9000(back in April of 2011) while RY stock would have been valued around $9500 at that time. Yes while investing in silver can make one money, over the long term, a solid dividend paying stock will do better.
|
|
Pillar of the Community
United States
3789 Posts |
I will stand in and support the last two fine chaps who also mentioned the equity market as the place to put your money to work.
That is where you get excellent returns and investors all over the world should actively put money into the markets for long and short term gains.
Finally, yes many Canadian banks are having great years which is good for the overall market. Not to mention some pay divies.
Keep putting money into the markets, you will get great returns over time.
|
|
Pillar of the Community
United States
3789 Posts |
another fine point I wanted to highlight was goops on the fly comparison, he is right about their returns.
An important item should be highlighted here- stocks, while I am NOT a fan of averaging down, will at a point find different parts of the market where investors will step in and scoop up shares, such as value investors. That kind of institutional buyer offers a bit of a stop gap. The other is the divy. You get paid a higher amount as the stock prices drops.
Silver pays you NO cash. There are ABSOLUTELY NO value investors in commodities, there is no such thing. They will not stop in and scoop up silver nor gold. Commodities are a completely different animal than stocks. Finally, commodities run in cycles that are different cycles than say stocks.
|
|
Pillar of the Community
United States
2408 Posts |
Wasn't silver supposed to be $100+ an ounce back in December?
|
|
Pillar of the Community
Canada
815 Posts |
Oh, silver is a bubble, no doubt. But the comodity will always beat inflation. Looking at PM as anything other than a hedge is foolhardy.
Also, if you owe $1 or more, at 1% or more, immediately stop buying PM.
|
|
Valued Member
United States
315 Posts |
But, to be a devils advocate, you can cherry pick stock x and say it outperformed silver over time y. Imho, I prefer silver to stocks because silver will never go to zero. Since 2008, how many stocks have performed worse than silver, and how many have become worthless? My guess would be far more than those that outperformed silver. To me, its always about balance. I have about 50% in cd's. the interest rate is terrible, but I never worry when there's a crash. Lets say stocks go up 500 points like this week. Great, I have 20% in stocks too. Gold took a hit? No problem, thats only 15%. Silver went up? Great, thats 10%.
No matter what goes up, I make money. No matter what goes down, I'm safe.
Hindsight is 20/20. Picking the right stock is all about the ifs, maybes, and could've beens.
Edited by Superhal
10/16/2013 10:45 pm
|
|
Pillar of the Community
Canada
815 Posts |
I think 3 months salary is more than enough to have in silver. You you bought 1967 Gold $20 pieces for $30 each, or about $367 in todays money, you would have more than doubled your money in 40 years. That's pretty good, but isolated. Even if silver follows suit, it pays to diversify, and not get addicted to stacking. I cut myself off at 100 ounces, and decided to move into gold, platinum afterwards. I think the average middle class Joe is fine with 100 ounces, that's 4 tubes, or 3 kilos. Get an ounce of gold, ounce of platinum, ounce of palladium, and maybe an ounce of rhodium, and stick it away as an RRSP/inheritance.
I cannot stress enough though, if you have even ONE dollar in debt, at ANY interest rate, STOP BUYING PM! Your stack will not grow fast enough to overcome the interest! it's fine to dabble here and there with your entertainment funds, but use "investment" dollars to pay off debt first!!
|
|
Valued Member
United States
315 Posts |
@anjohl: I dunno, seems like whatever you can afford is good. Only 100 ozt seems really low. The prices need to double to get a significant return. Its not like gold where a 1% increase on 100ozt is over 1k profit.. 10% on 100ozt silver is only 200$. To me, to make it worth my while, I want to get a few thousand for the effort. If you doubled your money, thats 2k. On gold, that would be 100k. Imho, you need way more silver to see good gains.
|
|
Pillar of the Community
Canada
815 Posts |
I am talking to the average upper lower/middle class 20-35 year old. Much better to pay that mortgage down and cut some of that interest off than take a risk on a monster box of maples.
|
|
Pillar of the Community
Canada
3690 Posts |
If you are under 35, there is no better use for your money than eliminating your mortgage and becoming debt free. Do whatever it takes to make that happen. Forget about chasing investments. Period.
Being debt free gives you the luxury of investing semi aggressively and will afford you a comfortable life.
|
| |
Replies: 42 / Views: 14,025 |
First Page
Posted 10/16/2013 12:23 am
