the silver joke

Thanks for the replies and I understand what you're saying, just but not sure exactly how to execute it well! I will keep studying and learn what I can. I'm looking to buy silver and put it in a safe for the next 30 or so years as a long term investment. I do not plan to try to buy it and flip it every few years, although I understand that would be the best way to invest. I am more interested in "tangible" retirement along with my IRA.

I may pick up a few ounces here and there and hopefully learn as I go. As someone very new to silver, the silver bars and rounds are easier to understand than the 90% dimes and all the other coinage, but again I understand this is just do to my newbie lack of education in commodities.
Again thank you for your input and advice!!

Red if you want it for tangible retirement stick to buying silver eagles. Dont pay more than $4 over spot for them either. If you just want them for retirement savings you dont care what year they were minted either. The coin shops will usualy mark up the current years production more than previous years. So tell them you dont care if they are circulated.

Silver below $20 is a solid buy.

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Originally Posted by jghilino

Silver below $20 is a solid buy.

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Under $10 you mean

I wish it would go below $10 but that will never happen, the fed is cutting stimulus so inflation and interest rates are getting ready to go up. Silver is getting ready to head up. Silver at or below $20 is a strong buy to me. It dropped 82 cents on friday and is at $18.90 right now and it might go as low as $16 before it starts climbing again. But when it starts going up its going to go way up. Now is a good time to be buying.

silver can be had at $2 over spot i wouldnt pay $4 over spot for it. Alot of times i buy gold and silver at the melt value by buying it at auction.

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Originally Posted by jghilino

I wish it would go below $10 but that will never happen, the fed is cutting stimulus so inflation and interest rates are getting ready to go up. Silver is getting ready to head up. Silver at or below $20 is a strong buy to me. It dropped 82 cents on friday and is at $18.90 right now and it might go as low as $16 before it starts climbing again. But when it starts going up its going to go way up. Now is a good time to be buying.

silver can be had at $2 over spot i wouldnt pay $4 over spot for it. Alot of times i buy gold and silver at the melt value by buying it at auction.

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You want to sell me some silver eagles for $2 over spot? Ill buy a roll right now.

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Originally Posted by ScrappinRed

Thanks for the replies and I understand what you're saying, just but not sure exactly how to execute it well! I will keep studying and learn what I can. I'm looking to buy silver and put it in a safe for the next 30 or so years as a long term investment. I do not plan to try to buy it and flip it every few years, although I understand that would be the best way to invest. I am more interested in "tangible" retirement along with my IRA.

I may pick up a few ounces here and there and hopefully learn as I go. As someone very new to silver, the silver bars and rounds are easier to understand than the 90% dimes and all the other coinage, but again I understand this is just do to my newbie lack of education in commodities.
Again thank you for your input and advice!!

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Thank you PTS. Dumb question, but are all silver eagles the same and are the one ounce of pure silver? I see them often on Ebay and have had chances to buy them at auctions but was not sure what to look for. May I ask why you think they are such a solid investment?

I went ahead a bought a few ounces at $3.20 over spot. It may not be the MOST intelligent idea now, but I hope in 30 years they will have been a solid investment. Thanks again all for your input

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Originally Posted by jghilino

I wish it would go below $10 but that will never happen.

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Take out the 2 spikes in silver and it trades at $5-10 an ounce (inflation adjusted) for 100 years!


Gold and Silver Prices - 100 Year Historical Chart | MacroTrends

You notice how the last spike turned out I hope... keep buying so others can dump.

all of my silver eagls are in individual plastic holders pcgs or ngc, i dont buy rolls of silver coins i prefer large bars, and no im not going to sell any silver right now

I never slabbed a silver eagle, they all come mint in their rolls anyway and silver bullion buyers will not pay you anything for the slab costs when you sell (waste of money for bullion coins). I do have gold $50 in plastic. but they came that way from the mint (proof coins in their holder), but I paid $400 each for those years ago. I liquidated most of my bullion at the peak, no need to buy on the way down.

My point is outside of financial calamities or idiots trying to corner the market with other peoples money, silver is worth $5-10 an ounce for very long stretches of time. The peak is over, investing now isn't a smart idea unless you are 20 years old and have space to store it for the next 30+ years to maybe get your money back. There are other better investments to be had, or just stick the cash under the mattress until you need it.

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Originally Posted by unknownk

I never slabbed a silver eagle, they all come mint in their rolls anyway and silver bullion buyers will not pay you anything for the slab costs when you sell (waste of money for bullion coins). I do have gold $50 in plastic. but they came that way from the mint (proof coins in their holder), but I paid $400 each for those years ago. I liquidated most of my bullion at the peak, no need to buy on the way down.

My point is outside of financial calamities or idiots trying to corner the market with other peoples money, silver is worth $5-10 an ounce for very long stretches of time. The peak is over, investing now isn't a smart idea unless you are 20 years old and have space to store it for the next 30+ years to maybe get your money back. There are other better investments to be had, or just stick the cash under the mattress until you need it.

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Not sure if you're trying to call ME an idiot here, or someone else, but I guess I'm sorry if you got offended in there somewhere. I'm 32 and as I already said I AM actually looking at putting my silver in a safe for the next 30 years to supplement my retirement.

Thanks for all who answered my questions and I really wish more people on this forum would get off their high horses and stop attacking each other. I'm here to learn, and I'm not ashamed to say I don't know everything. I do learn something new almost every time I'm on here, but lately I have to swim through a whole lot of pompous critical comments from folks who thing they're better than everyone else.

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Originally Posted by ScrappinRed

Not sure if you're trying to call ME an idiot here, or someone else, but I guess I'm sorry if you got offended in there somewhere. I'm 32 and as I already said I AM actually looking at putting my silver in a safe for the next 30 years to supplement my retirement.

Thanks for all who answered my questions and I really wish more people on this forum would get off their high horses and stop attacking each other. I'm here to learn, and I'm not ashamed to say I don't know everything. I do learn something new almost every time I'm on here, but lately I have to swim through a whole lot of pompous critical comments from folks who thing they're better than everyone else.

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Sorry, wasn't trying to call you an idiot. Slabbing coins is important if you have rarities, where a minor step up is worth tons of money. I remember seeing bullion coins sold on home shopping network slabbed and wondered why people paid premiums for slabbed uncirculated bullion. If you are buying US mint bullion coins you are already paying a premium over spot just for the US mint, paying another premium so some third party can stick that uncirculated coin in a plastic case isn't worth the effort or money. Once somebody else pays that premium for slabbing I don't mind buying the coin, but I wouldn't pay much over spot for them either. It is easier to sell mint coins then bars, but bars are better value since you don't pay much of a premium over spot for them.

I guess I am just different being a former coin collector who likes the look of gold and silver coins (circulated and bullion). I collected quite a bit in the 90's and early 2000 time period when gold and silver was at a low because I liked them. Even as a kid I would look through the box of Morgan silver dollars at the local coin shop and pick out some dates I didn't have ($5 a piece I think they were for mildly circulated coins). I got lucky buying when I did and made out well selling, when silver and gold flatlines again I might pick up some more , but not as an investment.

I just turned 45 Saturday and have seen quite a few investment bubbles come and go. Even people higher up the food chain lose money when they should know better. The guy who owned the coin shop I used to visit invested $1M into junk gold (jewelry purchased for gold content) during the previous bubble, most of which he made selling gold/silver baseball cards at shows, and rarer stamps. That guy had to beg people to buy his hoard when prices cratered and he lost quite a bit of money. I see people freak out over their 401K's and sell when they drop, few people can stomach the short drops and spikes and look at the long term on investments.

You can't really stick enough silver in a safe to make it worth retirement money unless you have one the size of a closet (better have a good supported floor too). Hoping to time your retirement at the next silver/gold spike is going to be hard, otherwise you will lose money if you have to sell at the $5-10/oz rate that is the normal. I would never stick all my money into one companies stock, same with one commodity.

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Originally Posted by ScrappinRed

Thank you PTS. Dumb question, but are all silver eagles the same and are the one ounce of pure silver? I see them often on Ebay and have had chances to buy them at auctions but was not sure what to look for. May I ask why you think they are such a solid investment?

I went ahead a bought a few ounces at $3.20 over spot. It may not be the MOST intelligent idea now, but I hope in 30 years they will have been a solid investment. Thanks again all for your input

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Because they are bullion coins and are collectable as well. Also they are garuntee pure by the us mint. So if your going to invest in silver I prefer the coin over the bar. Plus they stack well in the safe in tubes of 20. Its like buying a chevy and a dodge. You want to buy bars then buy bars I prefer rounds. I also do the dimes as well. Also if your looking to do retirement savings you need to keep track of your dollar cost averages. Make sure to keep track of how many ounces you bought and what you paid for each one so you know what the average price per ounce is. That way you know when you go to sell them at what price you need to make a profit. To be honist precious metals is not the best place to invest for retirement.

Seems to me the longer our economies are mismanaged (our's, our gov't's, and the the gov't's of the world), the more volatile the markets are. The bubble's are coming more frequently, but not lasting as long. Eventually it will all crater. We all only assume precious metals will still be precious then. What will really be precious is food, guns, gas, and freedom. Gold and silver might still be too, hard to say.

Now for the time at hand, what I consider semi-precious metals (copper, aluminum, nickel, etc) are hovering around major support areas. Its too soon to tell if they are going to reaffirm those supports or fall through. Silver has not had a rally like the past 3 years and has no longterm major support levels since $10, but $20 is about its breakout price 3 years ago. I think silver under $20 is a good buy for longterm investing, and $15 or less a great buy for long or short term investing (5 years or less being short term), just my gut and opinion. I'm not selling my copper until I know what decision its going to make. If it goes down, I have my hoard and will add to that. If it goes up, I've lost nothing by holding. I don't deal in gold/silver (except for e-scrap) so its just an indicator.

Now, precious metals are safe havens, and the recent indicators of an improving economy are being cited for the drop in prices. Jobless claims dropping, housing markets improving, etc. I think the numbers are still pretty soft and the prices are dropping too much in comparison. I also don't feel like the US or world economies are improving that much, nor have the core problems been alleviated, so the fundamentals for a strong economic recovery aren't there yet. If a recovery happens, your production metals should find strength and stabilize if not rise some.

Scrap is only part of what I do. While the metals market is unstable and dropping, I'm not spending TIME doing my scrap but am still watching for deals and will continue to accumulate. For those that scrap full time, then they gotta adjust there prices and make their money on the margin anyway. Sorry, I deviated from SILVER a little...

I think countries are dumping gold and silver because they hit their peak driving prices down. Places like Libya have tons of the stuff and they need cash.

Is the economy doing better? Half of all the jobs in the recovery are minimum wage service sector jobs, you know the kind where you work full time and still qualify for welfare. Around here the only decent paying jobs are hospital related, but since one of the local hospitals was purchased by an out of state chain they laid off and rehired staff at much reduced wages. We had some car manufacturing jobs along with wiring etc but those unions opted to hire people at half wage to keep their jobs.

Stocks are doing great because of cheap money to invest (gamble) with, and large corporations are sitting on a ton of cash overseas while cutting workers here.

The US is probably not going to recover, Europe is toast, China depends on us to buy their junk, and sooner or later the arabs will run out of oil and implode. Asia is going to have a big problem with global warming (no water) so expect some major wars there in the next 20 years. I don't see anything coming down the road that will help the world economies out, and once inflation happens the debt will be hard to pay the interest on let alone the principle. Not sure what hoarding a pile of silver is going to do for us.. pay off your debt and live under your means.

I like the new low price I hope it stays a wile
Turns out for now there is a good amt of silver to get in my area
I feel what is happening is many individuals had silver from when
the purchase price was under $10 so now they want to get out
wile there is still a profit.
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As I watch silver do it's thing and I feel it will go lower . I have a new found respect for copper
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If I could have, sure I'd like to have a closet full of silver top to bottom , But I have my concerns about silver and gold ,
See as a scrapper I watch the truth of Steel AL CU and others ,I know first hand said metal relies on the recycled source
& reusing from the recycled source is cost effective . As far as I'm concerned a entity wants these metals and thats why i get out there and look for it day after day. The " customer " keeps paying, so It's real .
Silver & gold is real in all its uses also but the price is artificial
I still collect silver and why not. But really we all know how ridiculous copper rounds are cause we see people pay $9 bucks a pound
further more the day the industrial market needs silver so bad that they need pull it from the hoarder will be the same as you selling your last bucket of copper with no way to get more.
Look you gota have faith the sun will shine each day & the day we stop needing to consume metal goods is the day it's over .

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Originally Posted by etack

Buy Silver Online | Buy Silver Bars and Silver Coins | APMEX.com

This company will sell it to you all day.

I have bought from them and if you buy enough it is best to pay with a cheque.

no small time store wants to take a loss on their silver.

Eric

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I was wondering if this company was credible. I want to buy silver bars, for no other reason than I just like them. Not sure which brand of bar to choose from though.

Just purchased from them. They're my go-to when my local guy is out of stock.

Placed my order on the 1st in the evening and received it yesterday (the 8th). Picked up Brittanias this time around. I tend to stick with gov't issued bullion (Canadian Maples, Austrian Philharmonics, English Brittanias, Australian Kangaroos, Chinese Pandas, and Mexican Libertads). That, and 90% junk silver.

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Originally Posted by Electrowaste

I was wondering if this company was credible. I want to buy silver bars, for no other reason than I just like them. Not sure which brand of bar to choose from though.

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That company charges over $5 spot per coin. Seems a little pricey to me.

Well, it'll drop again tomorrow, I just bought 20 more ounces @ 17.59/oz with free shipping. ;)

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