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 Replies: 27 / Views: 2,811 |
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New Member
United States
13 Posts |
I am new at this and I'm looking for a place to see silver trends and estimation charts are ? that are easy to understand
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Pillar of the Community
United States
1450 Posts |
I am not exactly sure what you want but a good place to start is kitco.com.
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New Member
 United States
13 Posts |
I am not really sure what I am looking for either lol I am new at this ! I just wanted to see like time-lines of value of silver ...basically I am not really a coin collector I want to just collect silver so this thread might not even be where I need to be ! I want to see what silver used to be worth a long time ago and what its worth now and what its gonna be worth at least predictions from valuable resources !
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Forum Dad
 United States
24171 Posts |
Go here.. http://www.apmex.com/Under the chart on the right side click the Historical Charts link. Pick a metal and a time frame. |
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Pillar of the Community
United States
3670 Posts |
Quick silver story, and correct my boys if I got something wrong or left out some key info....
A long time ago in a land far far away, there was silver and gold used as currency, and the ratio of 16 to 1 was key, via 16 oz. of silver mined for every 1 oz. of gold, hence gold always being more valuable due to rareity....
Back around mid last century, evil silver suppressors (aka Rockefeller and JP Morgan, big banks) who have been at work sense the early 1800's trying to keep the price of silver down, and gold high, as gold is in less quantity so more easily controlled, and of course conspiracy theorist may say it all started from the big banks of Europe that wanted the USA to fail durring the civil war, so the other European countrys could slide in later and take over....
Research Hunt brothers, the highs of the 50's in early 80's, and some folk that died before their investment returned to that figure back in May of 50 dollars an oz. hence the long time volatility always connected to silver by the hip. A buddy of mine at work said his friend sold a few years ago at 22 an oz. and it went up big not long after. I said he sold to soon, and Mike said.... "Well he was 80.", and I was like well, that makes sense then, lol....
Finally, some experts believe silver will be used up in 10 to 20 years, as it is used in more industry than I could ever list. It kills bacteria (used in milk in the old days, or water supply on ships), it conducts well, better than gold, it is used in high tech weapons, rear windshields of cars for defrosting, shirts are sprayed with silver to help keep the occupants of the clothing cooler, and coins, lol. I could go on all day. Most industrial silver can't be recycled, or has not been and lost to landfills. More and more silver being used and bought in huge numbers every day by big industry, and less and less coming out of the ground, could only mean one thing in my mind. Silver will continue to increase in value, and that ratio between it and gold is gonna close in time back to what it had been for thousands of years....
Edited by Silverhawk74
07/15/2011 11:17 pm
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New Member
United States
13 Posts |
silverhawk I love that story tell me more tell me more j/k . I just want to make some good investments. I cant afford to jump on the gold train ,and I know that silver has more uses than any other metal right now! I have heard the only way that the price would go down is if the found an cheaper metal with more conductive elements .. I really really need to know how to collect it the cheapest way possible and I know you pros could help me along this journey. I have been buying the bars 1 troy ounce pieces . I figured this would be the best increments to buy them ! any tips I think I paid to much for what I got today but its a sure thing .I bought 5 1 ounce bars for 233.50 from APMEX . should I be going to pawn shops and coin shops looking for scrap silver ? even if its a few dollars over spot prices ? |
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Pillar of the Community
United States
3670 Posts |
The wise men and woman of the board will tell you to invest in pre 64 junk silver, that is the cheapest it gets, or sterling, or even other country's old coins which are much less than 90%, like Canada pre whatever date of 80%, and some as low as 10%, and off course the value of those coins will always be low, so why bother in my mind.... If you spend a little more, you can usually make a little more when it comes time to flip, if you remember anything remember that. Key dates, high grades from RESPECTED grading company's, etc.Many may disagree with this theory, but I HIGHLY believe in it, as money spent now you can spare, is just dust in the wind, ten, twenty, however many years when you decide to sell. I am hoarding for 20 years, plan to anyway, about 5 grand a year, if not more..... To get the best bang for your buck in the end, I would tell you to buy Peace dollars, late 1800 Morgans, pre 64 Kennedy halves, Franklin halves, and Walking Liberty halves, and most here would agree I would think.... Edited by Silverhawk74
07/15/2011 11:23 pm
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Pillar of the Community
United States
3670 Posts |
I think what you have bought thus far by the way, is spot on. Great price you quoted there, and remember the bigger the trusted names like Engelhard for bars, or ASE for pure silver coins will always be a wise investment IMO, as they are TRUSTED, and loved by millions. They of course again cost a bit more more.... I watched a yahoo video of a fellow who posts adds in Craiglist. Example, silver is 38 an oz., his add will say I will buy your ASE coins for 36 each, and he said he gets calls, and buys them. Other competing dealers who do the same thing, flag his adds to try and throw him off, as they hate the comp he says, very interesting, and something to keep in mind.... Edited by Silverhawk74
07/15/2011 11:32 pm
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New Member
United States
13 Posts |
how many years have you been collecting this far ? When you buy do you ever buy the bars ? I planned on strictly going to buy the bars only in 1 ounce units . I am 31 and a twenty year plan would put me in my 50s good retirement age lol ! Like I asked earlier do you think buying scrap for a little over spot prices with stones is worth it , or should I stick with the bars
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Pillar of the Community
United States
3670 Posts |
I am 37, I have 4 bars of my 70 oz. of silver and 2 bars of my 26 grams of gold.... Your gonna like this part, I am on limited budget like yourself with family, as I have girlfriend and four dogs as well. I bar-tend and make pretty good hands on cash, but not much more than 20 grand a year, and dabble a bit on ebay with vintage collectibles.... I started in January, so about six months now, and I have been able to accumulate 70 oz. of silver and the 26 grams of gold in that short time on similar budget, so you will have a nice stash in no time, hang in there, and listen to the wise on here that have been doing it for 20 or 30 years, you will learn a lot.... I have not gotten any pre 64 silver yet, as I wanted to get to 100 oz. of pure .9999 first. Then I will start adding some. So much to buy, and so little time.... Edited by Silverhawk74
07/16/2011 12:06 am
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Valued Member
United States
458 Posts |
Thanks for making this thread, I learned a lot :) free advice is the best advice :)
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Pillar of the Community
United States
4008 Posts |
Good advice from the Hawk, as usual, but I will add that pre-1965 US dimes, quarters, halves, and dollars were 90% silver. The 1964 JFK half is an especially nice 90% silver coin. Morgan dollars are great. Peace dollars are OK and have just as much silver as Morgans but I like the Morgan design better. Peace dollars tend to be a little cheaper than Morgans, so if you are buying several of them, you can usually get 1 more Peace dollar than Morgans for the same amount of cash. From 1965 to 1970, US silver coins only contained 40% silver. After 1970, they became cupro-nickel slugs.  |
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Pillar of the Community
United States
1150 Posts |
Silverhawk...you and I really think alike. But you already knew that.
I will say NOT to buy sterling, though. It is not nearly as liquid as .999 or pre-'64 junk silver coins. Kitco is my go-to place for silver happenings. Also check out Survivalblog.com. It is a preparedness website, however there are ALWAYS great posts and links on silver/gold, and why each of those are superior to fiat currencies.
I buy silver eagles and pre-'64 junk silver coins (as well as collector coins). I've really been concentrating on junk coins recently, especially the smaller dimes and quarters as they are easily liquidated.
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Pillar of the Community
United States
3670 Posts |
Yes Mitch, to say I think like you is a big compliment to me as I like your views. We do often agree on issues, and have the same view it seems towards the gov, Pm's, and economy. Perhaps we think a bit radical and tend to assume the worse is gonna happen, but again I figure probably like you and many other wise posters here that it is better to be safe and most important of all PREPARED, than sorry....
Edited by Silverhawk74
07/16/2011 03:06 am
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Pillar of the Community
United States
1150 Posts |
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Pillar of the Community
United States
648 Posts |
In terms of a chart - SLV is one of them. I monitor this as I do follow some technicals & research, but it is not the main decision factor when investing in silver. Just a gauge and overall "picture" for me. As other members have mentioned, another gauge is Kitco which is the spot price and updated 24 hours. Good luck   |
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Replies: 27 / Views: 2,811 |
Posted 07/15/2011 10:50 pm
