JackBull
Buckeye
Thanks for the correction.
Gold and Silver
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KIR
Sparks, NV
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- Mar 2, 2022
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You posted in April and here it is in mid-June. Silver has gone up to around $30. Many expect it to go up even higher. Silver coins would be better to negotiate with than gold.Think of what you said. It's between $20 - $25, and it is there, and it is real. I am convinced the price of silver is sort of controlled, but they really can't make it go away.....it is real.. currency can come and go. Stocks can come and go. Crypto can definitely come and go ..Gold & Silver are real. I personally like Silver. The poor man's gold as it has been called.....but Silver is real.
If it's only up to $30, then it isn't keeping pace with the stock market.
Star43
Buckeye
I will take $30 any day. A lot of people are selling their silver now causing some fluctuation. I don't. Sure stocks are great when they are high, but if a stock tanks, you have nothing. Then the silver and gold go high. We all know this. But again, silver will not go away. To me Silver is for the long term investment. If the market crashes, it is here to save us. Especially the 90% constitutional silver. It will not go away. At the very least it will be there for us now and when we go, now it will be there as that financial back up for our kids. It is a win win as a true long-term investment. One can not lose with Silver, especially if you buy it right. At my clubs, I see people pay too much, in the way of premiums at the auctions I attend. If you pay little or no premium, Silver is Silver!!
Bob Wright
Hawkeye
I bought Silver Eagles, then invested them in children.
Bob Wright
Bob Wright
Star43
Buckeye
A lot of guys love the Eagles. An Eagle is a safe investment to have. Some guys go crazy on them though. To them, Premium has no limit. At my main club, a guy gets up up to do a report on what is happening at the Mint, and people really tune into that. Not to me though. To me to buy a few Eagles and give them to your kids and grandkids, that's great as they are a great gift especially for nostalgic reasons. Eagles are .999 silver. Most bullion silver coins from around the world are .999. The Canadian Maple Leaf is actually .9999 The Canadian Mint does a great job and I have always thought their products were very beautiful. Here is a great tip for a Silver investor. Small increments of Silver bought at Spot or little above Spot is a good buy. A lot of times with some dealers, one can buy old Canadian Silver coins with .80 silver content, at Below spot. And why because they are "Canadian" silver coins. To me if I just want to accumulate Silver coins and I can get a really pretty Silver coin for less than spot, ?? Now that is an investment. Again, Silver is Silver.
Silver is fine, but so is gold- as long as you keep the denominations small ( 1/4 gram, 1/2 gram, 1 gram- 5 gram tops) for ease of transactions. While silver rounds ( not coins) are the way to go, gold should be small bars / ingots in assay.
Investment is about risk vs. return. You buy stocks and it could easily go to zero. You buy gold or silver and it could go down a few percent for a while.
Star43
Buckeye
Be careful with that. Yes small denominations are good. But one will Always have a problem getting their proper change back a lot of times, especially in a barter type situation. I tell the same thing to guys who invest in 10 ounce or the even larger 100 Silver ounce bars. How can you really use it in a bartering or buying scenario. It's a lot easier with the .90 per cent constitutional silver. In my opinion of course.
Then Federal Reserve notes could be called "The Devils Toilet Paper".
The Federal Reserve is not federal and has no reserves.
jav
Single-Sixer
I sold all my old silver dollar coins and a 10 dollar gold coin got 6000. Dollars for all of it put it towards a new 2024 jeep grand Cherokee we figure what the hell why save it spend it now enjoy now
Star43
Buckeye
Very very true.......
The people I know who have bought silver, 1 oz coins, 100oz bars, kilo bars and gold 1/2 oz and 1 oz coins did it to hedge their stock portfolio. None did it for bartering or to buy anything.
Star43
Buckeye
Sure a lot of people think that way. That's fine for them and for whatever reason people buy gold and silver period. The term bartering was just used as an example of how one could use Silver in the future in the poop
hits the fan.
el caminero
Single-Sixer
Folding money, legal "tinder" (insert goofy grin) has been stated by various "experts" as 'fiat' currency since before nixon abolished the gold standard. But at least he got rid of the hoarding laws with that move...
I guess you missed the point of silver/gold being a hedge, I was addressing your comment about 100oz bars and how you tell people to buy silver.Sure a lot of people think that way. That's fine for them and for whatever reason people buy gold and silver period. The term bartering was just used as an example of how one could use Silver in the future in the poop
Star43
Buckeye
Yes, I advise people to buy silver. It all depends on what your intentions are when you buy the Silver. If you just want to buy bullion, that is fine. If you like like having 100 oz bars, that is fine. Everyone has different tastes. Some don't want bullion. They are in it simply for the beauty of the coin. The Numismatists out there love what they do and what they look for. A lot of the posts relating to my earlier take was talking of using Silver as means of survival "money" in case things went completely south. In That case, large bars of Silver would be harder to deal with on a small bartering situation. I always want to make sure that if it were that type of situation, then I want to get my value back in "change". It all depends on the individual person to do what they want to do.....But to put it bluntly, if one has way too many 100 ounce bars, I would call that a Happy Problem !!!
I like silver very much, but who is going to decide what, say, a silver dime will buy?
What can you base it on?
I have a chicken for sale. How much silver is it worth?
If our money crashes I believe it will be a much worse disaster than people think.
***JUST MY $.02!!
What can you base it on?
I have a chicken for sale. How much silver is it worth?
If our money crashes I believe it will be a much worse disaster than people think.
***JUST MY $.02!!
So.......How many here bought silver at $10/oz?
WAY TO GO, YOU TRIPPLED YOUR MONEY!!!!
Oh, no, wait.....
You won't sell.
You will just ride it back down
Metals:
Silver....cool, cheap and fun to own
Gold......hedge for my wealth!!
Lead......priceless
Cheers,
JAYDAWG
WAY TO GO, YOU TRIPPLED YOUR MONEY!!!!
Oh, no, wait.....
You won't sell.
You will just ride it back down
Metals:
Silver....cool, cheap and fun to own
Gold......hedge for my wealth!!
Lead......priceless
Cheers,
JAYDAWG
The premium on gold in small denominations is ridiculous... to the point of not being a practical "investment".
