My First 1 Kilo Silver Coin - Coin Community Forum

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Author	Replies: 7 / Views: 1,787
bekiz Pillar of the Community Japan 666 Posts	Posted 08/12/2012 03:08 am Won it. Have mixed feeling. I am looking for adding some gold but since I've started chasing yellow metal lots of good silver deals start to show up. So this is One of the good deals - payed about $650. COA So, I have a dilemma: should I sell it for some profit and go for gold bullion, or keep it and spend some more $$$ on gold?! I went over my budget for silver during summer (since June added some 88 oz of silver, mostly 999, including this coin) which is more than half of my silver holdings. Report this Post to the Staff

sel_69l Bedrock of the Community Australia 21788 Posts	Posted 08/12/2012 03:56 am Keep it and save the buy / sell spread costs. To re balance your gold / sliver holdings, just concentrate on opportune gold purchases for a time. Report this Post to the Staff
tripncoins Pillar of the Community United States 648 Posts	Posted 08/12/2012 09:59 am I think this is a great purchase. For the price, you got a really good deal. Look at the flip side, if you got Gold at a really good low price (which I think is rare), would you sell it for profit and buy silver? It all depends on how you feel about the precious metal markets and its movement. You have silver which is volatile, and you have gold which is historically stable. Stack accordingly. Report this Post to the Staff
samsnate Pillar of the Community Canada 1723 Posts	Posted 08/12/2012 12:48 pm $650 for a kilo of silver? Are you sure you did conversions right or something? Report this Post to the Staff
Silverhawk74 Pillar of the Community United States 3670 Posts	Posted 08/12/2012 3:25 pm Wow great price at 650, and great image with no words required, real universal image.... Report this Post to the Staff
traevin Pillar of the Community United States 1454 Posts	Posted 08/12/2012 4:01 pm I'd keep it, BK, just because I find it so interesting. But if you're not attached to it, you'll never have any problem getting your investment back, plus 25-35%, at least, I'd guess. Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 08/14/2012 7:13 pm Won it?! WOW! I am extremely jealous! That's what I call making a score! If I won that, I would be real tempted to hang onto it for a while. Who knows? Maybe it will become a rare item that people bid lots for someday? A kilo of silver is 32.15 Troy oz. At $28 an oz., that would be $900 worth just for the bullion alone. I have looked at a few kilo silver bars recently and a lot of them are priced in the area of $1050-1100. Report this Post to the Staff
swrbxxx Pillar of the Community Canada 834 Posts	Posted 08/14/2012 10:58 pm awesome coin! even better price! Report this Post to the Staff
	Replies: 7 / Views: 1,787

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