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Replies: 8 / Views: 2,692 |
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Pillar of the Community
708 Posts |
Okay, I feel so stupid asking about this again, but I don't remember things for very long, so I don't really remember what people here have told me.
So, anyway, is it a good idea to invest in silver bullion bars? I want to get at least "one" 1,000 ounce bar, just to have one. Then, I want to start buying, and putting away 100 ounce bars after I get the 1,000 ounce bar.
So, is this investment a good or bad idea?
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Moderator
 United States
56855 Posts |
Quote: I don't remember things for very long Have you tried the search box upper left of page or did you forget to use it?  I would think it would be hard to sell a 1000 oz bar quickly if you needed to and a 100oz bar might take a bit to sell fast as well,or am I thinking about this all wrong? John1 
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New Member
Canada
37 Posts |
I have been trying to help an acquaintance sell three of these 1,000 ozt bars and it has been a challenge.
Be prepared for significant liquidity challenges when it is time for you to sell it.
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Pillar of the Community
Canada
746 Posts |
Sounds like you're gearing toward the industrial area of silver, which might lead to higher demand in the near future...like solar panels, electric cars, digital tech., etc... I found this article, which you might find helpful: http://www.preciousmetalsinvestor.n...silver-bars/
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Pillar of the Community
United States
1659 Posts |
"Investing" in silver has proven to be a horrible idea.
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Pillar of the Community
Canada
3049 Posts |
I think the answer to your question will lie within the motives of WHY you are buying silver in the first place. - novelty -investment -Prepper/SHTF scenario -stacker
There are as many reasons WHY people buy silver as there are actual people... but without knowing your motives for buying silver I cannot help with much in the way of helpful advice...
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Pillar of the Community
United States
1804 Posts |
gorebug Quote: I have been trying to help an acquaintance sell three of these 1,000 ozt bars and it has been a challenge.
Be prepared for significant liquidity challenges when it is time for you to sell it. My knowledge on this subject is 35 years old. Trading commodities (1,000 oz SILVER contracts), you could SELL (1) one thousand oz contract, and DELIVER the thousand oz SILVER bar, to settle.  Of course the silver bar had to be at the SPECs I've been away from the futures for a very long time.
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Pillar of the Community
Canada
3692 Posts |
1000 ounces troy = ~68.5 lbs. That's the sort of thing you want to leave to an heir or keep in a bank for decades. Even with a 100 ozt bar, you're better off with 2 gold ounces in your pocket. How will you store it and will you use it or trade it for something else down the road?
Of course, invest at your own peril. A lot of users here will tell you the same thing and give you a whole lot of slang to back it up. Invest in what you believe in (look up "indulgences" re: Catholic Church - it all boils down to belief). There are a few companies I trust to make good-quality products that are innovative and cutting edge, but I don't gamble on the stock market. I would rather buy their products/services and let that be my contribution and investment to the company.
I think the whole idea of buying a "thing" with government issued money is as a physical/tangible insurance policy against that very money, for reasons of inflation and whatnot. In the end you still have to use that money when cashing out or price your goods in that currency instead of the bartering system. It's useful to price things in a numerated currency like the dollar even if it falls or rises in value against other currencies.
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New Member
United States
2 Posts |
Silver is not an investment but, merely a speculation and a hedge.
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Replies: 8 / Views: 2,692 |
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