| Author |
 Replies: 16 / Views: 2,545 |
|
Pillar of the Community
United Kingdom
616 Posts |
Poll Question
Why do you buy silver?
|
|
|
|
Pillar of the Community
United States
3789 Posts |
I voted other. I purchase silver and gold because I enjoy collecting them.
As far as speculating, trading, I would not be buying physical silver or gold. That I do via futures contracts, options, ETFS, ETNs
|
|
Pillar of the Community
United States
1088 Posts |
I selected "other" because I buy silver to collect. I usually buy silver coins that were circulating coins. I have recently been buying ASE and Maples but once again for collecting reasons. |
|
Pillar of the Community
Canada
2019 Posts |
Other , I buy for a few reasons, I like to collect the coins and to have the security of PMs on hand just in case.
|
|
Bedrock of the Community
13014 Posts |
Mostly to collect.
A little bit for diversification of assets and a little just in case but collecting first
|
|
Bedrock of the Community
United States
36678 Posts |
Other. Financial insurance.
|
|
Pillar of the Community
 United Kingdom
616 Posts |
Indian - Financial insurance how? Because you will use it to acquire dollars to spend or because you believe you will be able to use it as a currency. How do you plan to cash this insurance policy?
|
|
Pillar of the Community
United States
919 Posts |
Other, collecting. That's why I don't mind buying and seeing the price drop $5 an oz.
|
|
Pillar of the Community
United States
524 Posts |
Other. I enjoy collecting. But, the added security of having a stack of silver to sell if needed is a big plus. I have put aside all my copper and clad sets to focus on silver right now. When it goes back up I'll switch back to my other sets.
|
|
Pillar of the Community
United States
2661 Posts |
Quote:
I voted other. I purchase silver and gold because I enjoy collecting them.
Same here, the only silver I sell is 40% & 90% Kennedy's I get from the bank at face. I then use that money to buy either ASE's, Panda's, Lunar's or classic U.S. coins. |
|
Pillar of the Community
United States
2661 Posts |
Quote:
Other, collecting. That's why I don't mind buying and seeing the price drop $5 an oz. When that happens it makes me want to go buy more because I can get more for my money  |
|
Bedrock of the Community
United States
36678 Posts |
Quote:
Indian - Financial insurance how? Because you will use it to acquire dollars to spend or because you believe you will be able to use it as a currency. How do you plan to cash this insurance policy? Silver and gold are hedges against inflation. Even though the government won't admit that we have any right now, the time is coming when it will be very apparent that we do. If the dollar's buying power collapses when it is no longer the World's Reserve currency, silver can be swapped for a new type of currency or bartered for any items needed. Silver and Gold are real money with a 5000 year track record. |
|
Pillar of the Community
Canada
2805 Posts |
I buy silver because a lot of silver is beautiful, and I like collecting things with a high value as a backup. I'll never sell unless the absolute worst happens, but it's nice to be assured that you own a valuable asset.
To me, it's like buying an expensive car - the market value could rise but you're going to have fun driving it around. I really enjoy collecting.
|
|
Pillar of the Community
Canada
2019 Posts |
Quote:
Silver and gold are hedges against inflation. Even though the government won't admit that we have any right now, the time is coming when it will be very apparent that we do. If the dollar's buying power collapses when it is no longer the World's Reserve currency, silver can be swapped for a new type of currency or bartered for any items needed. Silver and Gold are real money with a 5000 year track record.  That time is coming sooner then we think, you can only bail out a failing system so long before it implodes in on itself. My only question is Bars or Coins? Or maybe both, you can cut off as much as you need from a bar but I would hate to have to cut up a 1 ounce coin. |
|
Pillar of the Community
United States
2541 Posts |
I like to hoard stuff and I case the $ collapses.
|
|
Valued Member
United States
292 Posts |
Well, it is better than letting fiat sit in a bank that pays nothing to use your money.
|
| |
Replies: 16 / Views: 2,545 |
Posted 04/03/2013 11:28 am
