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 Replies: 21 / Views: 3,557 |
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New Member
United States
2 Posts |
I am just starting out, well 30 ounces in so far and have a couple of questions. If you were going to invest $500 - $600 a month in silver, purely for investment only, how would you do it? Seems from what I have so far, the best value is 10 oz bars? Should I add junk coins? (will we ever be able to melt them?) If both, how would you do it? What kind of split 80/20? Place to buy less expensive silver bars with no markings or 2ds? For me this is an investment to make money over years. The collecting rare coins or gold had not bit me...yet!  |
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Valued Member
United States
71 Posts |
I like the pre-1964 coinage as a silver investment because of the tie to coin collecting. However, you will likely pay a slight premium to get junk silver vs. bars, but that premium is on both sides (buying and selling). Also it is legal to melt down silver coinage, here's a link that better explains the silver melting situation: http://www. (124) Not Allowed - Auto-Removed .com/is_it_illegal_to_melt_coins.html |
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Valued Member
United States
71 Posts |
whoops, link got removed, but just google "is it legal to melt silver coins" and you'll get your answer.
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Pillar of the Community
United States
711 Posts |
Evaluate the buy vs sell price and choose the tightest spread if you want to invest in the metals. Weeds is right in that you can get a premium when you sell your pre-64 coins or Silver Eagles or the like. If you don't evaluate the premium on the sale as well as on the purchase, you won't be making the most informed decision you can. Heritage and ebay prices realized are great resources for determining potential price on resale. |
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Bedrock of the Community
Australia
21788 Posts |
Pay down any debts on your credit cards first; that is a better investment!
If you have a mortgage, pay a bit off that next.
Spend your discretionary money on your hobby next. That is where your interests lie, no doubt.
Do your price history research, do your current market research, for both alternatives, and use the buying / selling technique of
Dollar Cost Averaging.
Professional share market operators commonly use this technique.
You will learn a lot about PM investing along the way.
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Pillar of the Community
Norway
1358 Posts |
If you purely want to invest in something, then don 't buy the actual stuff but invest in a silver fund. When buying the physical stuff you usually end up paying premiums on top of the actual metal value. Depending on what bullion you want to invest in, this can be quite pricey and surely will take a lot of time to be earned back. Also, what sel_69l says: pay back any debts before investing, that's most profitable.  |
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Valued Member
United States
455 Posts |
For my purposes, if you can not hold it, you don't own it! I like cold hard in my hand want to hold it investment in PM! But I have several safes to store mine in! Webekin
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Valued Member
United States
343 Posts |
Heh I was gonna say house payment car payment... I'd go with larger bars. 5 or 10 oz.
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Valued Member
United States
280 Posts |
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Pillar of the Community
United States
1068 Posts |
Quote:
If you purely want to invest in something, then don 't buy the actual stuff but invest in a silver fund. When buying the physical stuff you usually end up paying premiums on top of the actual metal value. My Financial Advisor said the exact opposite... I asked him once about it and what his thoughts were and he said if you want silver then go buy the actual stuff... He never recommend buying it on paper when you have nothing to show for it... |
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Pillar of the Community
Russian Federation
5174 Posts |
Quote:
If you purely want to invest in something, then don 't buy the actual stuff but invest in a silver fund. This, if it's a possibility. If it's not, large bars - just make sure the shipping on a 10 ounce bar is not more than twice the shipping on a 5 ounce bar! |
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Pillar of the Community
 United States
2843 Posts |
If you have a "prepper" mentality in investing, then you will want the actual stuff not a paper that entitles you to it. That would be as worthless as a dollar bill.
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New Member
 United States
2 Posts |
Thanks for all the replies!
Fully funded 401K, 5% of salary in company stocks, retired military check, no credit cards, truck paid off. Worked hard to get here, so investing in silver is going to be a hobby. Semi prepper, more of a long term item though. One thing I am looking for is the break off silver squares. Where can I find those as a good price?
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Pillar of the Community
United States
4333 Posts |
Long term holding of PM's are not really considered an investment (by preppers), but a hedge against inflation, or insurance against a failing currency. For short term investing and profit taking, paper is the way to go.
You guys that say collect pre-'64 90% silver, whats wrong with 1964?
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
711 Posts |
Quote:
You guys that say collect pre-'64 90% silver, whats wrong with 1964? LBJ for starters. |
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Valued Member
United States
154 Posts |
Also, buy from a reputable dealer, a major online seller would have the best price. Have to watch out for counterfeit these days. I like the sunshine rounds with the security mark and also Canadian Maples with the security mark. Also, one ounce rounds are harder to counterfeit than bars. My next purchase will be the sunshine Walking Liberty 1 oz rounds.
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Replies: 21 / Views: 3,557 |
Posted 07/15/2016 12:15 am
