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 Replies: 19 / Views: 3,288 |
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Pillar of the Community
United States
581 Posts |
Knowing that collecting coins and precious metals is not only a hobby but also an investment. I decided to make a more "investment" sided purchase today. It looks a bit smudgy because I left it in the plastic for the pictures  |
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Bedrock of the Community
United States
11951 Posts |
I will have to check back ... for me the picture is not showing
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Moderator
 United States
15408 Posts |
Cool .... 10 ounces of silver.  Keep in mind that the definition of 'investing' implies that the value of the asset increases over time ....... soooo .... good to have the solid asset ..... but wondering about your logic for why it will increase in value? Perhaps I should buy some as well? David Take a look at my other hobby ... http://www.jk-dk.art |
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Valued Member
United States
285 Posts |
Very cool bar! I am putting away a few silver bars as well.
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New Member
Switzerland
46 Posts |
Nice bar! I am going that route as well. I love collecting coins so I collect coins that are made of gold and silver. Have you thought about getting any gold ingots? I always find it easier to sell gold ingots than silver. I also find that bullion gold coins have a higher premium.
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Pillar of the Community
 United States
581 Posts |
Quote:
wondering about your logic for why it will increase in value?
1) Because it already has...If I were to sell it right now. For the price I paid for the bar, If I were to flip it now, I would make anywhere from 30-50 bucks. 2) because the dealer said so  ...He told me silver is going to hit at least 90.00oz and we all know that dealers would never steer you wrong. |
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Valued Member
United States
61 Posts |
I will chime in IF inflation takes hold, tangible investments will do very well. No one can know for sure, but as long as we keep printing money and spend more than we take in, I like the odds. And if it goes down, buy more! Cost average works in any investment, just keep no more than 10% or so of your life savings in it. Diversification allows you to be wrong.
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Bedrock of the Community
United States
11951 Posts |
very cool ... I would like to have a nice stack of those.
I am looking at the silver I am buying as insurance ...... just in case things go really bad.
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Pillar of the Community
United States
581 Posts |
There is an interesting thing that I noticed. As ebay is a reasonable resource for "right now" values. I was checking out what right now would yield. If I were to sell this at the right now ebay price, I would make upwards to 70.00 profit (discounting ebay fees) But only for this particular style of bar though. It seems that the JM bars fetch a little bit more of a premium than the "picture" ones. Last week I missed out on the "wall street" 10oz bar. It pictured the world trade center buildings. This week I picked up this bar. The JM name seems to be the higher end. (lack of better terminology) |
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Bedrock of the Community
United States
17884 Posts |
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1) Because it already has...If I were to sell it right now.
For the price I paid for the bar, If I were to flip it now, I would make anywhere from 30-50 bucks. Silver went up $3 - $5 an oz yesterday? |
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Valued Member
Canada
307 Posts |
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2) because the dealer said so ...He told me silver is going to hit at least 90.00oz and we all know that dealers would never steer you wrong.  stop your killing me |
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Pillar of the Community
United States
2541 Posts |
Don't get me wrong, I have a 10 oz silver bar and I'm slowly hoarding up more silver, but it's not going to be more than 5% of my investable assets. The lack of dividend over time means the upside is limited. With that being said, I'll eat my own words because my 10 oz silver bar is the best investment I've ever bought. I bought it when silver was a $7.70 per oz. I just wish I bought a 100 oz bar instead!!
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Bedrock of the Community
United States
20753 Posts |
Read the post called "Something to think about"
Sort of goes along with this investment idea.
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Pillar of the Community
United States
581 Posts |
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Silver went up $3 - $5 an oz yesterday? The reality answer to this is...no The ebay answer is yes. The investment answer is purchase price at 17.00 an oz when spot is 19.00+oz (buy low sell high) This particular style/brand of bar, I have observed selling prices about 240.00+ per 10oz. with the obvious yoyo ebay effect taken into consideration. |
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Pillar of the Community
United States
2335 Posts |
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The investment answer is purchase price at 17.00 an oz when spot is 19.00+oz (buy low sell high) I've been wondering how you made the profit you talked about in such a short time. Buying under the actual value is a great way to profit. If my dealer was willing to sell at that much of a discount under spot I'd buy as much as s/he would sell, immediately call APMEX to lock in a price......& have it in the mail to them that afternoon. |
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Pillar of the Community
United States
581 Posts |
That was the only bar he had at the time. All the rest were rounds and ASE's I would hace bought more, but lack of cash prevented purchasing more. |
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Replies: 19 / Views: 3,288 |
Posted 08/28/2010 6:52 pm
