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 Replies: 20 / Views: 3,253 |
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New Member
United States
0 Posts |
Is silver is to go to four or five hundred dollars an ounce which coin would you buy to get the most profit in today's market?
*** Moved by Staff to a more appropriate forum. ***
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Valued Member
United States
449 Posts |
You probably would want to start stacking silver bullion rounds or bars.
However, we will probably not live to see the day where silver hits that high. The highest silver has reached so far is ~$50 an ounce.
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Pillar of the Community
United States
808 Posts |
I think we'd all be plenty happy with silver back at $50 t oz! However, buying any commodity with the expectation of hitting a price 8 times it's historic high is probably not reasonable.
I'd agree that high quality silver bullion bars bought at the lowest premium is a good play to maximize any potential return.
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Rest in Peace
United States
17900 Posts |
I'll go so far as to say I will never live to see silver hitting anywhere near that projected level. Maybe you are REALLY young, and if so, I doubt YOU would ever see it to that price.
It is a supported price. Most of the reasons that silver remained valuable in comparison to gold over the decades is no longer true.
Silver isn't used for coins, it isn't used for housewares (unless you are a Tiffany big boy, maybe), it isn't used as much in jewelry, because plating is so inexpensive, and the largest single CONSUMPTION of silver was in photo development. Now, let me ask you - Do you know ANYONE who has developed a photo lately?
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Valued Member
57 Posts |
Quote:
Silver isn't used for coins, it isn't used for housewares (unless you are a Tiffany big boy, maybe), it isn't used as much in jewelry, because plating is so inexpensive, and the largest single CONSUMPTION of silver was in photo development. Now, let me ask you - Do you know ANYONE who has developed a photo lately?
Your facts are dated and completely wrong. Not much for photo. Silver is by far the best conductor of electricity and temperature. More is being consumed than producted. Check the silver institute. |
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Rest in Peace
United States
17900 Posts |
If you actually look at the production vs. use statistics from the Silver Institute, which you suggested, you will see that in just the 10 year period from 2005 to 2014 the use of silver for photographic development is 25% of what it was just 10 years ago.
Being able to make numbers look the way you want in order to sell more isn't exactly a new trick.
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Valued Member
57 Posts |
That is what I said, not much for photo anymore but the other uses have grown
greatly. Such things as electronics, heat transfer, industry, solar
will continue to grow. Silver is by far the best conductor of electricity and
temperature even when tarnished. Silver is the metal best suited for the future.
You sounded like it was no longer used much. They would make all wiring of silver
if it wasn't for the cost.
I'm not a silver guy, I'm a gold guy, but silver is even
better than gold as a conductor, it is the best.
Edited by Arthur Daniel
07/30/2015 5:03 pm
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Bedrock of the Community
United States
94367 Posts |
Well said, Arthur, and welcome!  |
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Rest in Peace
United States
2668 Posts |
Remember, kids; Figures don't lie, but liars figure. And a warm welcome to Arthur Daniel! Silver also has antimicrobial properties, and it is not toxic to humans. Great for dishes and... silverware.  |
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Moderator
 Australia
16806 Posts |
Quote:
Silver also has antimicrobial properties, and it is not toxic to humans. Silver is not magical; it cannot tell the difference between a microbe and a human cell. Anything that kills microbes, will kill you, too. Just like lead, mercury, cadmium, gold and any other heavy metal you care to name, silver can kill you if you eat/wear/smear on you enough of it. Studies have shown that silver-containing "anti-microbial" artifacts actually aren't much better at killing microbes than non-silver-containing control objects. Antibiotics are certainly much better at it. This, of course, has not stopped the pseudo-pharmaceutical industry from using silver in their formulations. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Pillar of the Community
United States
4333 Posts |
Let me get out my crystal ball.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
1554 Posts |
Edited by 1893S
07/30/2015 6:53 pm
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Pillar of the Community
United States
711 Posts |
Quote:
Silver is not magical; it cannot tell the difference between a microbe and a human cell. Anything that kills microbes, will kill you, too. Just like lead, mercury, cadmium, gold and any other heavy metal you care to name, silver can kill you if you eat/wear/smear on you enough of it.
Studies have shown that silver-containing "anti-microbial" artifacts actually aren't much better at killing microbes than non-silver-containing control objects. Antibiotics are certainly much better at it. This, of course, has not stopped the pseudo-pharmaceutical industry from using silver in their formulations. I have a toothbrush holder with an antimicrobial silver additive in the formula. I always have used a toothbrush holder. A travel style that is totally encased other than a drain hole in it. Historically these holders get nasty over time so I buy a new one. I generally see something, probably mold, growing in it, flip out, and just pitch the holder and toothbrush. The last one I bought had a sticker on it proclaiming the antimicroial silver additive being in the plastic. I must say, this is the best toothbrush holder I have ever had. Nothing objectionable growing in it to the naked eye after maybe 2x - 3x the use so far. Great marketing if nothing else. Edited by BuckeyeCoinGuy
07/30/2015 6:38 pm
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Pillar of the Community
United States
1554 Posts |
I think the OP wanted to know what coin we would buy if silver went to $400 or $500 an ounce, he didn't ask about the antimicrobial properties of silver.
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Pillar of the Community
Canada
2019 Posts |
Would it really matter? Just buy what ever silver coin your like best, if silver goes to $500 an oz your in the money!
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Pillar of the Community
United States
808 Posts |
In response to the OP specific question, if I were to buy one coin in anticipation of a dramatic rise in the price of silver it would be...
A brand new 2015 American Silver Eagle coin (BU grade) from a reliable coin dealer. I'd also pay an additional $2.00 for for an air-tite(TM) direct fit coin holder so I could enjoy the coin without worrying about ugly fingerprints. Done!
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Replies: 20 / Views: 3,253 |
Posted 07/30/2015 2:36 pm
