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 Replies: 49 / Views: 8,390 |
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Bedrock of the Community
Australia
21788 Posts |
I have a nearly a kilo of world junk silver coin accumulated over perhaps 30 years or more.
I haven't really bothered with the melt value, over the period of 30 years, I have sailed straight through the peak and trough bullion silver prices, almost completely oblivious to their fluctuations.
Same applies to the value of my house, you buy and sell in a low market, you sell and buy in a high market.
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Valued Member
United States
325 Posts |
Today silver is about 5% above the recent bottom.
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Valued Member
United States
493 Posts |
People who are selling silver at these prices may need dollars. OR, they've seen the longer range estimate for silver and figure they can buy back at same prices later, and/or maybe a future dip that is very favorable.
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Pillar of the Community
United States
3402 Posts |
I'll wait...it will go lower.
KK
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Pillar of the Community
United States
4333 Posts |
Point where premiums make up the difference it it drops below $14.
As usual.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
325 Posts |
The recent bump back up is supposedly because of the chance of the Fed lowering their rate.
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Bedrock of the Community
United States
36800 Posts |
Silver has been a big disappointment. I did a 50/50 silver/gold investment in 2008, wish I had gone all in gold now.
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Pillar of the Community
United States
572 Posts |
Quote:
Silver has been a big disappointment. I did a 50/50 silver/gold investment in 2008, wish I had gone all in gold now. You just saying this makes me want to go buy some more silver. |
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Bedrock of the Community
Australia
21788 Posts |
I agree: buy in gloom, sell in doom.  |
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Pillar of the Community
United States
4333 Posts |
You should've sold in 2011.
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
United States
36800 Posts |
My crystal ball was inoperative back in 2011.
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Pillar of the Community
United States
789 Posts |
Quote:
My crystal ball was inoperative back in 2011. But it's working now, so give us the scoop! |
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Bedrock of the Community
United States
36800 Posts |
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But it's working now, so give us the scoop! Still can't find batteries for it. But with the GS ratio still widening, now 93.41 silver to gold, I'm really loosing faith in silver. If that ratio falls a bit I'm bailing and trading it all for gold. |
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Pillar of the Community
United States
533 Posts |
The amount of money I have in silver, and gold, as a percentage of my total net worth seems to be constantly dropping despite buying more. Mainly due to the S&P climbing faster than silver by a long shot. I keep a low percentage of my money in silver and gold and probably on a 50-50 ratio, more because I like both the silver and gold coins I have.
But now the question: is a tube of 10 2oz Queen's Beast Tudor Falcons an investment or a collection? Or both? I like looking at how my mutual funds are doing but it isn't really the same
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Pillar of the Community
United States
4333 Posts |
@ jaxenro. Of course It isn't the same. You're comparing paper, or digital numbers, to physical commodities.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Replies: 49 / Views: 8,390 |
First Page
Posted 06/08/2019 01:10 am
