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 Replies: 16 / Views: 3,939 |
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Valued Member
United States
84 Posts |
I noticed the price of silver is down at many dealers. Wouldn't it be best to buy as much silver that one can do? Maybe even sell non-silver coins to be able to get money for silver before it goes back up in price. Would be a great way to get alot of money.
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Rest in Peace
10197 Posts |
No, look at trends for 5-10 years. It doesn't fluctuate that much in price. In 2014 it was @$15, now @$17, when you take in dealers are selling at $X.XX OVER SPOT to you but ALWAYS pay you $X.XX UNDER SPOT, the spot would have to about double for you to make any money. Same with any of the PM's, $ ratios are different but still the same. It really is a big scam as advertised (key word "advertised"), is all to get your wealth in their pocket, welcome to true capitalism. If I were to sell my silver now, bought in late 2013, for $13.60/oz, ($15.78 at PrMetal), dealer offers $1 below melt...if you don't see the writing on the wall...  On another line, please don't get me wrong, but coin market today for making bucks is quite soft, ain't gonna happen, hasn't for quite some time. You REALLY have to know your ****. Ask any LCS...they're having a real hard time keeping doors open. I buy coins, some to resell, but I ain't making anything, do it because I like it. Most will tell you the same, just can't get your asking prices, what you paid for it years ago. So ya, better enjoy what you're doing or you will be disappointed.  Edited by Crazyb0
06/27/2017 11:51 pm
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Bedrock of the Community
 United States
12477 Posts |
Yeah, I wouldn't get too excited. Silver has been a lot lower than it is now in the past decade. The only noticeable profit (if not the only profit) I've made selling recently was on a cherrypicked DDR Walker. In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
United States
1126 Posts |
 Don't jump in over your head too quickly, almost no probability that silver will double or take off overnight and leave you behind. There are however plenty of possibilities for it to go even lower. Sure, by all means take advantage of dips to add to your position. But buy it because you like it, and as I and many other's also, because you like to have some money tied up in bullion as opposed to just sitting in a boring savings account. I personally like buying dips, but remember that dips are only relative to the price you bought at last. I like to use "dips" to average down my total investmebt cost. I'm looking at the current lower price and because of that I am looking to buy next time I go to my dealers. But I'm not running there with a bag full of money. Buy in increments. |
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Pillar of the Community
United States
3184 Posts |
I say slowly buy silver monthly and stack slowly!
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Pillar of the Community
United States
4333 Posts |
Considering that all markets today are rigged, we will have many years to load up on silver at these prices. I don't expect to see any major gains in PM's in my lifetime.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Rest in Peace
United States
17900 Posts |
Anyone who suggests that silver prices will change will be correct 100% of the time. Anyone who thinks they know where silver prices are going is blowing smoke.
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Pillar of the Community
United States
2130 Posts |
You will drive yourself crazy trying to figure out silver prices. Buy as a hobby and not as an investment. Be pleasantly surprised if you sell one day and make money.
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Valued Member
United States
338 Posts |
I'm not buying or selling right now, just holding.
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Bedrock of the Community
Australia
21788 Posts |
I have three cars. Just now, gas is cheap, so I bought that instead.
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Pillar of the Community
United States
731 Posts |
I buy most of my metals from APMEX. If you go to their site and look at the prices for random year silver eagles you'll see that the difference on their buy/sell is about $2.50. That's based on the purchase of one coin. If you are able to buy larger in quantities you can get your spread down to about $1.70. They sell the coins for more than spot, and they buy them back for more than spot (though not as much more as when they're selling of course). So bottom line, in this example, silver would have to move up $2.50 for you to break even. Additionally, I had a friend who sold some of her old gold jewelry to a smelter. She said they paid spot prices, not below spot. So if you don't mind seeing your coins go into a melting pot, there's another way to go if your local dealer won't even give you spot for your coins. |
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CCF Advertiser
United States
1533 Posts |
If you want to invest in silver, buy 100 oz bars. You can buy and sell them with a 22c spread per oz which will allow you to make money on less than a dollar in price increase.
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Pillar of the Community
United States
4211 Posts |
I don't stack silver and would never think of my collection as an "investment".
I just enjoy collecting silver bullion coins from the different mints.
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Pillar of the Community
United States
1261 Posts |
Quote:
I say slowly buy silver monthly and stack slowly! I follow this advice. One thing not mentioned in this discussion is the gold to silver ratio. Right now it's close to 80 to 1. At some point it will drop, ideally under 40 to 1 which will present an opportunity to sell the silver in favor of gold and expand your holdings. |
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Bedrock of the Community
Australia
21788 Posts |
as well. Forget the price. If you want to take up a silver position, dollar cost average buy your way into it. If you want to get out of a silver position, dollar profit or loss your way out of that position. |
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New Member
United States
36 Posts |
If you want to invest in silver, buy 100 oz bars. You can buy and sell them with a 22c spread per oz which will allow you to make money on less than a dollar in price increase.
===who buys these back?
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Replies: 16 / Views: 3,939 |
Posted 06/28/2017 12:23 am
