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 Replies: 12 / Views: 1,996 |
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Valued Member
United States
59 Posts |
So I've invested quite a bit thus far in physical silver as of right now silver spot is $20.50 rd #s. A guy has 181 ounces of silver bullion with 54 ounces being ASE for $19 per/oz. How much physical silver is enough? Should I buy just the ASE? I've also recently opened up a DRIP into various companies. Considering that making a DRIP successful is your weekly/monthly investment fee I ll be putting cash fwd to see the growth in that over time. Should I buy all 181 ozs or be happy with the 54 ASE and put the "free" cash into the DRIP?  |
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Pillar of the Community
United States
3789 Posts |
buy all the silver you want while we remain in thie uptrend. However, the only thing I say stop buying so many ASEs and start buying bullion that has the numismatic premium to it, like pandas, kooks, koalas, lower mintage bullion IE. I say QUALITY over QUANTIFY.
... and what about gold? I dont see you talking gold. if you dont have any gold think about buying gold.
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Rest in Peace
United States
2668 Posts |
That's a chunk, make sure it's all the real mccoy.
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Valued Member
 United States
59 Posts |
@yup yeah I only have a 1, 1/4, 1/10 oz for gold. Not very much lol. I'm not a big fan of gold due to it being violative. The $5 up, $12 down, $3.78 down, $28 up drives my bug nuts. It's probably just me since I haven't but much interest into it.
On a side note I did my first 1 oz Can. Maple Leaf around 12 yrs old for $333 lol.
My magic number is $34. That means I could be sitting on physical silver for a solid yr+. I like seeing fast green growth, gives me the "thrive" and "excitement" if you will.
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Valued Member
United States
123 Posts |
Well -- silver is actually historically more volatile than gold, but silver is a fun purchase because you get to buy so much more than gold!
I think only you can answer the question "How much physical silver is enough?"
In a totally general sense, I prefer DRIP (or similar alternative) for investing and silver for enjoyment and/or emergency fund. How you divide your allocations is up to you and your comfort level/investment philosophy, but I do believe that diversity is extremely important!
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Moderator
 United States
54283 Posts |
Quote:silver spot is $20.50 rd #s. A guy has 181 ounces of silver bullion with 54 ounces being ASE for $19 per/oz. Why would "a guy" want to sell for $1.50 under spot to you? That's $271.50 under spot. Are they unaware of the spot price? Is this on Craigslist? Is this a friend of yours? Is it on ebay? Is this picture supposed to be the 181 ounces? Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Pillar of the Community
Canada
3692 Posts |
"How much physical silver is enough?"
Enough for what?
To me it just seems like you want silver for the sake of hawking it. Get out of this racket.
Edited by Libertad
08/02/2016 10:59 pm
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Pillar of the Community
United States
1662 Posts |
Quote:
How much physical silver is enough? As an investment? PMs are a horrible investment. |
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Pillar of the Community
Australia
7096 Posts |
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As an investment? PMs are a horrible investment. That may be so But as a store of wealth they are probably a better option than leaving money in the bank and paying the associated fees and charges. |
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Bedrock of the Community
United States
36844 Posts |
ASE's for $19 with spot over $20? Beware of Chinese counterfeits.
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Pillar of the Community
Norway
1358 Posts |
I'd be careful if I were you. Selling such a big load well under spot sounds fishy to me.
Also, I think you can get a bit better advise here if you share a few more details: who is the guy (do you know him personally?), what's the other silver, is any of it verified genuine?
Also, how much silver is enough silver depends on what you want to do with it. If you see it as an investment, then I recommend that you rather invest in a PM fund than in the physical stuff. If you want to feel like Uncle Scrooge, then go ahead and buy as much as you can. :)
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Pillar of the Community
Australia
7096 Posts |
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Also, how much silver is enough silver depends on what you want to do with it. If you see it as an investment, then I recommend that you rather invest in a PM fund than in the physical stuff. If you want to feel like Uncle Scrooge, then go ahead and buy as much as you can. :) I tend to disagree with the PM fund as being a "Safe" investment. "Funds" have and DO go belly up occasionally and your investment goes down the tube with them. |
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Moderator
United States
54283 Posts |
Since someone revived this topic, I will state that OP has not come back or posted elsewhere on this board since the day they started this topic (15 days ago).
I was hoping to learn more about the details of the offer they got.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Replies: 12 / Views: 1,996 |
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Posted 08/02/2016 9:27 pm
