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Buying Silver

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thepenniejar's Avatar
United States
10 Posts
 Posted 05/30/2015  7:08 pm Show Profile   Bookmark this topic Add thepenniejar to your friends list Get a Link to this Message Number of Subscribers
I've been considering investing in silver while the price is low. I'm wwondering what everyone else's thoughts on this are

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Bedrock of the Community
Coinfrog's Avatar
United States
94367 Posts
 Posted 05/30/2015  7:16 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Any bet on any commodity is just speculation unless you know the subject inside-out and have access to regular research.

If you're going to do it, just don't get caried away.
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Gyrene7483's Avatar
United States
1704 Posts
 Posted 05/30/2015  8:22 pm  Show Profile   Bookmark this reply Add Gyrene7483 to your friends list Get a Link to this Reply
Now is a good time to start but shop around for the lowest premium over spot. Coins shows and your local coin shops will probably be the best places to go. ebay silver buyers tend to get carried away so you probably won't find any bargains there. APMEX and other major online bullion sellers frequently have specials so you might want to what they have going on right now.
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larsdog's Avatar
United States
593 Posts
 Posted 05/30/2015  8:50 pm  Show Profile   Bookmark this reply Add larsdog to your friends list Get a Link to this Reply
Personally, I use the price of silver and gold to guide my numismatic purchases. If silver is down, go after a silver dollar like a Morgan or a Silver American Eagle (which are sensitive to silver price) for your 7070. If silver is up, go after that Trade dollar which is pretty much immune to silver price. This is also a good time to pick up any common pre-1965 Mint sets you need. They won't go much lower even if silver drops. If I wanted to purchase more silver than that, I would be tempted to start a collection of Roosevelt dimes, Washington quarters, and Franklin halves. I would buy the common ones when silver is down and the more difficult ones when silver is up.

Coinfrog is right. You don't want to start speculating in precious metals without any knowledge. Having said that, however, if I was going to add an album of Franklin halves to my collection I would be tempted to buy a bag or half bag of junk silver halves and do the equivalent of coin roll hunting. Just get some '64 Kennedys to replace what you take and sell the bag back. That is, of course, assuming you would be satisfied with well circulated coins.

Gyrene is also right about APMEX, but don't go to the link in our posts. That is automatically created by this message board and goes to their ebay page. The prices are better on their web site. Just add .com after their name. That's where I have been picking up my pre-1933 gold pieces for my 7070.
Edited by larsdog
05/30/2015 8:55 pm
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 05/30/2015  9:13 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
You may be interested in finding silver at face value, to supplement your buying. Roll hunters have done very well the last few years. I've found well over 1,000 silver coins from rolls myself. Check out the coinroll hunting forum.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Valued Member
JoggingLiberty's Avatar
292 Posts
 Posted 05/30/2015  11:32 pm  Show Profile   Bookmark this reply Add JoggingLiberty to your friends list Get a Link to this Reply
I started on JMBullion with their Monday specials.
Valued Member
Gold4Ever's Avatar
United States
170 Posts
 Posted 05/31/2015  02:29 am  Show Profile   Bookmark this reply Add Gold4Ever to your friends list Get a Link to this Reply
I am not investing in silver to make money but more of a store of dollar value (a days labor).. if the dollar is real strong as they say and with all the tricks they use to suppress gold and silver prices makes it's easy to buy as you get more for said dollar amount ..

When all fails and they lose control of silver and gold prices then the flip will happen and the dollar will get weak ..but you would still hold onto buying power of that strong dollar you used to buy at cheap prices because silver and gold gain without really doing anything because it's the dollar doing all the moving up and down in buying power.
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