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 Replies: 77 / Views: 7,270 |
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Pillar of the Community
 United States
745 Posts |
Its almost silly watching silvers live price bouncing around, sillier even then gold, because silver is a very long term hedge investment and wealth protection so even day to day checking is kind of ridiculous. Most of all in my case when my silver wont even be cashed in, at its earliest, until after I'm dead "which hopefully wont be for awhile". I'm not buying silver for myself but as a Legacy investment to leave for my family. But still its nice to see a little return on your investment with it still picking up steam. Now before I start sounding to noble I also want to say I personally find the metal beyond beautiful and I just love looking at it. Even the bullion. its stunning in the sun light, hell, its stunning in the moon light. As a canvas the great artisans of the world make remarkable art pieces with it. The Germania mint most of all and I can't resist displaying it.  Edited by Silverskunk
06/09/2025 1:46 pm
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Pillar of the Community
 United States
8724 Posts |
Silverskunk, have you melted silver? That is when it is most beautiful, in my opinion. Just as it turns to liquid, it puts me in mind of mercury.
-makecents-
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Pillar of the Community
United States
745 Posts |
I have not. Maybe one day.
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Pillar of the Community
United States
8724 Posts |
Back in the day, I used to go to Goodwill on a regular and look for silver items. Since that time, it has been much tougher to find, very seldom go now. One of the many great finds I had though was a broken chandelier that no one wanted, it had a nice warm look to it though (I had gotten decent at spotting real silver) and I bought it for $5 bucks. It was what I feel was one of my best silver finds. I melted it down with a blow torch, using borax and a graphite stick to pull out the impurities and then poured it into a simple homemade mold and sold them on the bay. Good times.  I have a little kiln I bought a few years ago just for this but have not even tried it out yet, too many other projects in the way.... -makecents-
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Pillar of the Community
United States
745 Posts |
Thats a pretty cool story cents.
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Moderator
 United States
187446 Posts |
Good times indeed!  |
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Pillar of the Community
United States
745 Posts |
Silver is knocking on the door of $37 now and the S/G ratio has dropped from 105 to 91.
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Moderator
United States
187446 Posts |
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Silver is knocking on the door of $37 now and the S/G ratio has dropped from 105 to 91.   |
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Pillar of the Community
United States
3843 Posts |
Not sure if I am thrilled with this recent surge in silver prices. I'd rather see $25 silver than $40 silver (or $37 silver).
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Pillar of the Community
United States
2049 Posts |
Quote:
Not sure if I am thrilled with this recent surge in silver prices. I'd rather see $25 silver than $40 silver (or $37 silver). I'm not as I want to continue my strategy of buying using a dollar cost averaging model. It seems that people fall into one of these camps with silver stacking: 1) They like higher prices to validate their purchases when the majority of people tell them they shouldn't 2) They like higher prices because they want to cash out soon 3) They want lower prices so they can add more to their stacks 4) They don't care either way and just keep adding some each week/month/year I fall mainly into #4 but #3 comes into play. I think back to as recently as 15 months ago when silver was around $22/ounce and kick myself for not buying more at that time. |
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Moderator
United States
187446 Posts |
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Not sure if I am thrilled with this recent surge in silver prices. I'd rather see $25 silver than $40 silver (or $37 silver). I am not thrilled with it for the sake of future purchases because it is my ongoing Mint purchases that really sting. However, I am glad the silver portion of my core Dansco collection is complete. |
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New Member
United States
3 Posts |
I'm in this (silver) for the long run (five to twenty plus years), but it's always nice to see a return on investment. Current high prices of silver and happiness with the current state of the stack has me adding more to copper and USPS Forever Stamps ($.73 to $.78 on 7/15/25) stack.
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Pillar of the Community
United States
745 Posts |
Kurt its my belief what your seeing now, with $37+ silver, is nothing like your going to see in the coming years. Ive lived thru a lot of conflicts and this one going on right now can't have much to do with the recent surge in silver.
Neither Iran or Israel produce much, if any, silver. The main producers of the metal are secure in both its production and transport. The trends affecting the price of the metal are 1, Govt. actions designed to keep the price of it down. Like the coinage act did and the 1965 action that took it out of American coinage.
2, The supply/demand deficit now going into its 7'th year where demand is outstripping supply.
3, Its ever growing importance in Industry and modern technology and the vast rearmament going on in America and the rest of the world.
So unlike gold, which has always soared when the bullets fly, I think silver is being pushed by other reasons.
Six months from now we all may be kicking ourselves for not buying more $37 silver.
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Pillar of the Community
United States
2424 Posts |
Hey guys i dont know if this has been answered - and it might have opinions going both ways - so, my question is, would it be wise if I could liquidate some of my junk 90% quarters and roll it into a certified PCGS coin at my coin shop? i purchased these quarters back in 2019 from APMEX when silver was around $15-19/oz now, I'm not trying to beat inflation or make a buck - I'm simply seeing if coinshops ( depends on the seller, I know) would do something like this: i have $400 in junk silver. I see a slabbed CC- Morgan silver dollar for $400 do you think that they would take my 90% in trade? Now, I would assume it would not be an even trade - the shop needs to make a profit. but in theory - I would think it would be a better long term investment for me to trade in my junk 90% for something like a slabbed morgan that would increase in value in the long run - not tied to the price of silver.. your thoughts? Thanks |
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Moderator
United States
187446 Posts |
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would it be wise if I could liquidate some of my junk 90% quarters and roll it into a certified PCGS coin at my coin shop? If the PCGS coin will make you happy, then do it, regardless of any financial upsides! With the appreciated silver value you have attained, I believe you deserve to reward yourself.  |
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Replies: 77 / Views: 7,270 |
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Posted 06/09/2025 4:12 pm
