Coin Collection Goals?

traevin: How about opening a 1k oz club? make sure post a photo when you reach 1000 oz mark

You got it, Traevin. When my recent 90% silver coin buy arrives I will also be just over 900 oz. Whichever of us makes it to 1000 oz. first probably doesn't matter a while lot. As long as we have a good stack, that's all that really counts. If gold will cooperate and drop a little more, I might have to take some time off from the silver stack and start on the gold stack.

Ed,

You know your gameplan better than I do but all the silverbugs (not you, Silverbug) claim AG is WAY undervalued and should gain on gold in the long run. I was considering doing the same thing you're contemplating, since I have a terribly puny amount of gold in my collection; but after reading article after article on the silver/gold historic ratio I decided to stick with the sterling... for now.

I can't find a thing wrong with your approach, Traevin. It's a personal choice that we all make and it has to fit our personal situation. Because of this, it is up to each of us as collectors to determine what is right for us.

While I have been tempted to buy gold several times over the past year, the time never quite seemed right. I agree that silver always seems to be a better buy but maybe that is due to its much lower price than gold. I have invested some money in a platinum ETF that has done OK so far. That's not the same as buying and holding physical metal but it is in a Roth IRA, so pretty much has to be invested in the things that are acceptable in that program. There are physical metals IRAs out there but none of them gives me that warm and fuzzy feeling of confidence that I would need to buy into them.

Where gold and platinum really shine is when we want to convert a large amount of fiat paper into a portable amount of PMs. Imagine hauling around $100k worth of silver, for example... 2857 ASEs @ $35 each. That amount in gold would be about 57 1-oz. AGEs @ $1750 each and would fit in a cigar box with quite a bit of room left over. This could be very handy if one were making a hasty exit, for example.

Still, I do like silver... a lot.

I've only got about 16 and a half ounces of silver and 1/25 oz of gold so my goal is get to 100 oz of silver from countries around the world. Some of you guys sound like you have extremely impressive collections.

Yes, some of these collections are pretty impressive. Of course, some of us have either been at this for a while or we have money that we've saved over many years and are now converting it into something that seems to us to be more permanent and less susceptible to the ravages of inflation and other fiat money problems.