Posted on 06/11/2019 9:16:35 PM PDT by wgmalabama
Vanity - hope ir shows up as such. Anyone have serious experience in silver investments, physical possession? Specially American Eagles due to easy recognition and perceived value. All value is perception.
How much over spot? Valid premise? Alternatives(not gold please). ....
I am ignorant but 15% to more over spot seems excessive. Looking at monster boxes but it smells funny but again it could be smelling my own ignorance. Searches are mostly hitting sale adds.
Any thoughts appreciated.
Admins - if I posted this wrong please delete. Don’t need tp be banned for ignorance. I can be taught.
Best strategy is to stay away. I lost a lot of money speculating on gold and silver, especially during Obama years. Made a lot of sense at the time that an ever increasing US dept would drive up inflation, but never happened or the Fed was able to control and manipulate. Doesn’t make sense, but that was the final conclusion - I am thankfully out.
You could sell over spot to collectors but that is it. Everyone else will take it at weight value
I would not invest in rare coins except for a few exceptional ones for fun, but not for hard time liquidity. You will never make your money in that case.
What is weird is that rare metals like Platinum and Rhodium are basically now trading lower than gold. I would look at those. Palladium used to be cheap , almost silver like cheap that one of my guns from the 90s is plated with it. Now it is unbelievably expensive from its lows of $65 or so
These white metals have a potential to be expensive due to their use for catalytic converters and NBC filters during war threat scenarios. So they definitely are crisis materials more than gold.
If China, however, goes ahead with its Gold backed Yuan to first destroy the Euro and later the dollar, gold will become very expensive too.
Buy physical , do not buy EFT contracts what not. The story is that in hard time, anyone’s portfolio using contracts will be the first to go. In Cyprus or all other crisis, contract holding people straight lost 80% of their values
Yes and no. I had gold from before Obama that I had predicted would shoot up and it did, from the 250-300 90s range it went to 1200+ in 2008. I made a profit on silver and plat but lost on Rhodium and should have instead invested in palladium which has kept going crazy high. Now the white metals tend to all go lower but a crisis could reverse that. If China decides to stock up like Russia did in the late 90s for war platinum material , it could become very expensive.
Might as well invest in haloumi cheese
ping
I would need to know what your goal is. Are you looking for something of value to trade if the entire economy collapses? Are you looking for an increase in value so you can resell it to fund your retirement? What is the ultimate objective and, on what circumstances does that objective happen?
Generally, I see silver as something that may be hard to convert. Also, there will be a conversion cost that must be factored in. Say you pay a premium to buy it and a premium to sell it, what then was your total gain? Plus you have to store it.
What is the purpose of your “investment”?
Do you want to sell them in the future for a larger number of little green pieces of paper than you spent to get them?
Or do you want to use them as money in a future where little green pieces of paper don’t work as well as they do now?
These are serious questions, because the answers to each are different.
https://silverprice.org/silver-price-charts/10-year-silver-price-history-in-us-dollars-per-ounce
Now good mutual funds give around 12%.
Well bought paid off Real Estate, Rented, gives around 20%.
A Well run business can give upwards of 50%.
The higher rate of return typically has a higher hassle factor; Replacing Tenants and Repairs in Real Estate, Replacing Employees and Lawsuits in Businesses - etc.
I'm into good mutual funds and did 13.9% over the last ten years and am well retired. The hassle factor is proxy voting and counting dividends, Long term and Short Term gains. With the wife and I getting Social Security and a Pension on top, we don't worry about the Market.
Such problems are well to be had.
Investing successfully requires understanding of wealth. Wealth is created when labor produces something of more value than the cost of the labor to produce it. That's why there's no limit to wealth, unless its creation is limited by government policies.
Coins create no wealth. They are simply a way government counts wealth. Coins only increase in value through inflation. Inflation doesn't create wealth, it simply changes the way existing wealth is counted.
"Investing" in coins is no different from gambling. Gambling doesn't create wealth, either. It simply moves wealth from one person to another. If you wish to increase your personal wealth through either inflation or gambling, your odds of success are very low. Any time you pay ANY commission do to it, your odds of success are even worse.
I would go to several coin dealers and ask to buy silver at spot no premium, they usually sell me gerneric fine silver rounds or junk silver 1964 n older coin and only when they need money or got extra. Silver eagles cost too much over spot and you likely wont get that back if you are selling.
elemetal and several other places will sell new generic rounds for 55 cents over spot if you want to spend a large amount of money right away
silver was 48.48 in early 2011 . IT will go down and might go up a lot too so only spend what you can hold on to for 10 yrs and dont panic if it goes down just buy more.
https://www.kitco.com/charts/popup/ag3650nyb.html
and buy physical only in your hand silver not spome paper bs
if you think silver on paper like some fund is a good idea I have several bridges around the area to sell you.
My aunt once had paper or silver not in hand and she said they would send her the metal if she requested it, i said bs tell them to send it to you so she did and they said they were running low and would have to send her the money, mainly because they have little or no silver just a bunch of suckers money.
....You think too much....
I think Gollum's account has been banned.
You might try D.U.
No mister government official, those oak barrels in my shed are for decorative purposes only, wink wink
Jmbullion.com
I have bought and sold there. If you are using cash, they are probably one of the best prices out there.
Be careful with silver. It’s not so much a precious metal as it is used in tech for a lot of things—so if the market in general goes down, or problems with China it might not “react” the way you think.
Gold can be purchased in small amounts 1/10 of and ounce down to grams. It might be worth a look.
If you don’t have it in your hands, you don’t own it.
Interesting thread.
Some time back I bought a few silver eagles from bulliondirect.com. I went there today and find they have gone bankrupt.
Not sure bullion is a good “investment”, other than I just like having some. I also bought a bag of 60% silver pre 1964 dimes in case I needed to grab and go if SHTF. I called that my obama money.
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