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 Replies: 20 / Views: 6,074 |
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New Member
United States
2 Posts |
Hey everyone just joined the forum nice to meet everybody. Silver is right at $14 a ounce and just wondering is it really a profitable hobby? I can get silver bars around 15-16 a ounce just wondering if you think we will every see the 30-40 a ounce again. I thought about just buying a ounce every paycheck. Also thought about gold but just buying 1 or 2 grams and I did a little math and figured silver would most likely be more profitable. Thanks and God bless Edited by BigHead
12/02/2015 12:57 pm
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Pillar of the Community
United States
586 Posts |
From long term point of view, Gold/Silver ratio is at historical high. If the ratio ever drops back to normal levels, Silver is going to outperform gold. I would suggest start stacking from $12 or below; since there is no sign of bottoming process at all. As to when silver can revisit previous high, probably you have to wait for another decade if history is any guide.  |
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Pillar of the Community
United States
4333 Posts |
Profitable? Paying $15-$16 at $14 silver is a loss right off the get go.
Silver just goes down down down, with no end in sight.
BTW, welcome to the forum -
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Bedrock of the Community
Australia
21786 Posts |
YES.
Even more appropriate with precious metals than shares.
Buy in gloom, sell in doom.
We ain't in doom just yet.
Edited by sel_69l
12/02/2015 5:31 pm
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Pillar of the Community
United States
819 Posts |
buy it if you can afford to sit on it and wait for the price to go up.
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Pillar of the Community
United States
3789 Posts |
there is a time to buy and time to sell.
Silver is a huge waste of money for you to buy right now. If you dont believe that or cant understand it, ask the countless people who thought silver was a great deal at 35,30,25,20 an ounce and even lower than 20 if it was a great investment. Buying assets at yearly lows is a suckers game, dont be a sucker.
As far as where it goes again, who knows, perhaps it could get back to its highs. No one knows the future. But one thing is always certain, everything is a process and for silver to get back to its highs and to just BREAK this downtrend, will be a process that will take time and who knows how long...
so to answer your question again, silver is a horrible investment right now and dont fall for the old "buy gloom" or "I have a long term holding period". Those expressions mean nothing with commodities.
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Valued Member
Canada
137 Posts |
 I believe that physical silver is something everyone should have,whether it is close to bottoming out right now is another Storey. It will probably drop some more if the interest rates rise but you definitely want to keep your eyes on it ,pick it up when you are happy with it . Another thing you want to keep your eye on is the gold to silver ratio,it currently 75-76 to 1. This means that for every 1 once of gold you buy you could buy 75ish onces of silver. The higher the ratio the better. When the ratio drops enough like in 2011 you trade it for gold and if hyper inflation every hits like in Germany in the early part of last century then you can trade it for something even more important...food  |
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Pillar of the Community
United States
5826 Posts |
My perspective is buy and collect if you are interested in the coin itself, but investing in PM is not wise as of the moment, could be a while before it does go back to the twenties? Having a few coins in a collection is a joy to look at, but this is money you can afford to park to a side and not afraid of losing it. Hopefully rewarding toward the future.
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Pillar of the Community
United States
2130 Posts |
I buy any and all silver with money that is not needed to pay the bills. Also, 10% of my pay is put into a 401k like retirement account everyother week. I do not even think about silver when I think about retiring 20+ years from now.
On the other hand, I have been "stacking/collecting" silver long enough now to see it go very high and I am currently watching it go down very low. I hope to realize some profit when it starts to go back up. I understand that may be 5, 10, 20 + years from now. Statistically speaking I feel I am young enough to make money on silver during my lifetime.
So to wrap this up, I would never "invest" in silver. It's just to unpredictable. I buy because I enjoy collecting bullion and 90% silver. Unlike most hobbies, I do think I have a pretty good shot at getting most of my money back and hopefully make a little when it is time to sell.
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Pillar of the Community
United States
1601 Posts |
I realize we're in the PM forum, but there is a lot more to coin collecting than silver eagles, rounds, and 90%. If you're into the hobby just to stack silver (or gold), you're going to get bored pretty quickly - not to mention anxious. What drew you to CCF? Do you already have a coin collection of some sort? I think most of us here are collecting because we like to build something. We like the challenge of trying to complete something. I like the connection to history. I see coins as small sculptures, little works of art (except for some Barber issues  . So ask yourself why you should put your time and $$ into coin collecting. Start small, and BTW, |
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New Member
 United States
2 Posts |
Wow! Thanks everyone I learned so much!
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Bedrock of the Community
Australia
21786 Posts |
Frankly, I don't really give a darn if the silver price rises or continues to fall further.
I started collecting coins seriously when I was 16 years of age and I am now nearly 70 years of age, (as of next birthday).
The precious metals price trends have broadly followed coin prices trends in all of those 54 years.
I have slowly accumulated both coins and silver during all of that period.
I have seen the vagaries and ructions of silver prices and coin prices, both up and down, and I have long since learned not to be bothered by them.
My current silver stash is relatively small, because most of it has been converted to numismatic coins, which are on much the same sort of price roller coaster.
So I don't do too much navel gazing or thumb twiddling, when it comes to current silver prices.
Been there, done that.
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Pillar of the Community
United States
3343 Posts |
I stack and unstack without regard to price. I dropped a coin silver spoon in the disposal and was surprised to get $15 for the mangled thing. I wasn't market-timing the sale. I just wanted it out of the junk drawer.
For me bullion has always been a placeholder rather than an investment vehicle. I have had the pleasure of randomly stacking it, and my heirs will get something out of it when they liquidate it. It's a windfall for them whatever I paid.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
1314 Posts |
I collect firewood. But I don't know what the weather will be like this winter.
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Pillar of the Community
United States
4963 Posts |
I recently made my first silver investment with a 25 coin tube of 2015 1 oz. Maples. I realize I'm unlikely to see any sort of profit in the next 5+ years, but I'm young enough now to stash them away for however long it takes to make a bit of cash. Anyway, the $400 I put into them isn't a major blow to my savings.
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Rest in Peace
United States
18456 Posts |
I would say about 40% of my collection is silver coins with numismatic value. I feel this a win/win way to benefit my children and grandchildren. I will continue this method of collecting for as long as I'm above the ground.  |
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Replies: 20 / Views: 6,074 |
Posted 12/02/2015 3:21 pm
