Any silver stackers in the house? Precious Metals yo?

[Killswitch]

Bueller?

I don't have any. I have considerable investments otherwise but no metals.

I've been watching the prices of course and I'm thinking of buying some silver soon as the price hovers around 16.50.

Ima wait for a better price.

I dunno. Theres not enough upside for me honestly and I'm not a good Long Term investor, but I love the little shit.

For some reason I'd like a stack of bouillon only. Maybe some Maple Leafs.

Anyone else? I think Johnny had a thread about it a while back.

 

[Libsam]

pfft, like I'm gonna tell you!
You'll probably try to rob me or something...

 

[Killswitch]

pfft, like I'm gonna tell you!
You'll probably try to rob me or something...

Well you keep it in a safe deposit box, not in your home silly.

 

[NeverEndingMe]

I didn't realize that barbie dolls were an investment ...

Bueller?

I don't have any. I have considerable investments otherwise but no metals.

I've been watching the prices of course and I'm thinking of buying some silver soon as the price hovers around 16.50.

Ima wait for a better price.

I dunno. Theres not enough upside for me honestly and I'm not a good Long Term investor, but I love the little shit.

For some reason I'd like a stack of bouillon only. Maybe some Maple Leafs.

Anyone else? I think Johnny had a thread about it a while back.

 

[Libsam]

Well you keep it in a safe deposit box, not in your home silly.

NOOO! No! No!
The government can seize it if you keep it at the bank!

 

[Killswitch]

NOOO! No! No!
The government can seize it if you keep it at the bank!

I'm not buying it because I fear the government. I'd buy it because I love the doolers.

It does have a certain ambiance though. I'd love to have a few 100 ounce bars sitting on my desk.

 

[richard_daily]

Bueller?

I don't have any. I have considerable investments otherwise but no metals.

I've been watching the prices of course and I'm thinking of buying some silver soon as the price hovers around 16.50.

Ima wait for a better price.

I dunno. Theres not enough upside for me honestly and I'm not a good Long Term investor, but I love the little shit.

For some reason I'd like a stack of bouillon only. Maybe some Maple Leafs.

Anyone else? I think Johnny had a thread about it a while back.

Silver was under $16 for a bit a few months back. I bought a bunch at $20, and a bunch at $18, and a bunch more at a little over $16. My average price with dealer markup is currently $17.54. I think with silver being so far out of parity with gold we'll see a market correction sometime soon, but this is a slow game, unless you're dealing with huge amounts, or selling with a buyer's premium, you're not going to see a profit on the day to day volatility.

Don't worry about buying at the best price, get the inventory started, it's an investment for long term, not for a few months. I bought about 10k worth when it was around $5 an ounce in the 90s, and then unloaded a bunch when it crested $30 an ounce, and the rest at close to $50, but I held for over a decade. I wish I would have used my current strategy then, of buying at least a little every month.

I think it's a great time to buy. There's a ton of inventory out there, so you can be picky on condition.

Maples and Eagles aren't really worth the premium in my opinion, just buy scrap 90% US coins and bullion. Those have the lowest premiums and are easy to sell. I have gotten lucky and gotten some 99.9 US, Mexican, and Canadian coins at under spot, but all of those were larger purchases. That said, I pick up a few Englehards, and other bars that fetch a premium each month, because I know those will always sell for at least $4 over spot.

 

[Killswitch]

Silver was under $16 for a bit a few months back. I bought a bunch at $20, and a bunch at $18, and a bunch more at a little over $16. My average price with dealer markup is currently $17.54. I think with silver being so far out of parity with gold we'll see a market correction sometime soon, but this is a slow game, unless you're dealing with huge amounts, or selling with a buyer's premium, you're not going to see a profit on the day to day volatility.

Don't worry about buying at the best price, get the inventory started, it's an investment for long term, not for a few months. I bought about 10k worth when it was around $5 an ounce in the 90s, and then unloaded a bunch when it crested $30 an ounce, and the rest at close to $50, but I held for over a decade. I wish I would have used my current strategy then, of buying at least a little every month.

I think it's a great time to buy. There's a ton of inventory out there, so you can be picky on condition.

Maples and Eagles aren't really worth the premium in my opinion, just buy scrap 90% US coins and bullion. Those have the lowest premiums and are easy to sell. I have gotten lucky and gotten some 99.9 US, Mexican, and Canadian coins at under spot, but all of those were larger purchases. That said, I pick up a few Englehards, and other bars that fetch a premium each month, because I know those will always sell for at least $4 over spot.

Awesome.

Selling always concerns me. I can sell stock easy. Selling silver or gold seems sort of a hassle unless you have some local place that pays cash.

I know Boullion is where it's at but I dig those Maple Leafs. Beautiful coin.

Do you use anyone specific online or deal local in person?

I've been looking at some of the big players like Apmex, Monex, JM etc and smaller ones like Monarch.

From an investment standpoint I am only buying for gains and a hedge against my stock losses in the event of a crash.

Hell I'd of danced all the way to the bank at 45 dollars an ounce like a lot did and yourself.

You have to carefully total your actual price to especially online I've gleaned.

 

[richard_daily]

Selling was super easy when prices spiked. It creates an insane demand and it drives prices up very quickly. You will be able to sell at a premium most likely when that happens. I mainly deal with individuals, or sometimes coin shops. Estate sales are sometimes a good place to hit up. I scored a large lot last year for under spot. I hit up antique and coin shops whenever I'm on the road, and have scored some really nice deals that way. I never deal with the smelters, but if the price is as it is now, it's probably worth it at the $2-2.50 premium.

As a hedge, you probably want about 5-10% of your total investment to be in precious metals. I like silver because it's VERY easy to sell. I would have loved to have gotten into Rhodium last year, but when it spiked, who would have bought it? Same with platinum, palladium, and to a lesser extent, gold.

Awesome.

Selling always concerns me. I can sell stock easy. Selling silver or gold seems sort of a hassle unless you have some local place that pays cash.

I know Boullion is where it's at but I dig those Maple Leafs. Beautiful coin.

Do you use anyone specific online or deal local in person?

I've been looking at some of the big players like Apmex, Monex, JM etc and smaller ones like Monarch.

From an investment standpoint I am only buying for gains and a hedge against my stock losses in the event of a crash.

Hell I'd of danced all the way to the bank at 45 dollars an ounce like a lot did and yourself.

You have to carefully total your actual price to especially online I've gleaned.

 

[unregistered]

 

[Lancecastor]

I've got a sock full of Krugerrands, just in case.

 

[Killswitch]

Selling was super easy when prices spiked. It creates an insane demand and it drives prices up very quickly. You will be able to sell at a premium most likely when that happens. I mainly deal with individuals, or sometimes coin shops. Estate sales are sometimes a good place to hit up. I scored a large lot last year for under spot. I hit up antique and coin shops whenever I'm on the road, and have scored some really nice deals that way. I never deal with the smelters, but if the price is as it is now, it's probably worth it at the $2-2.50 premium.

As a hedge, you probably want about 5-10% of your total investment to be in precious metals. I like silver because it's VERY easy to sell. I would have loved to have gotten into Rhodium last year, but when it spiked, who would have bought it? Same with platinum, palladium, and to a lesser extent, gold.

Monarch has silver for .59 over spot. With shipping it comes out to 1.00 over depending on the size of the buy. Maybe .90 over.

 

[Killswitch]

Don't buy coins like silver Canadian Olympic proof sets, best you get in return is spot minus 10-20%. All they're going to do is melt them down or look for a sucker on Ebay. Buy American silver coins, if the dollar crashes, these coins will be the most recognized and accepted in our market place. Older American silver proof sets retain some numismatic value on resale, but for the most part coins like rolls of silver uncirculated walking liberty half dollars, Mercury Dimes, Morgan and Peace Dollars, are good investments. Best thing you can do with newer regular proof sets is to break them out of their cases and spend them, most dealers won't touch them unless their hard up for inventory and then you probably won't get what you gave the government for them.

I can't get my head around the numismatics and can't see upside for me.

I just like the way some of the coinage looks and wouldn't mind a short stack of Maples and Eagles just for grins.

I hear the Chinese Pandas are hot and where a savvy trader could turn a profit but it's not for me.

My brother has our coin collection and stamp collection and I know we have some shit in there. Silver, 90%, a bag of wheaties maybe some older steels from the forties and some cool stamps too that I know are worth some cash.

I remember we used to get Coin World delivered....lol

Back in the seventies.

 

[Killswitch]

Monarch has silver for .59 over spot. With shipping it comes out to 1.00 over depending on the size of the buy. Maybe .90 over.

I've gleaned most also charge for credit cards so checks or bank wires are free which is how I would order.

Kinda defeats the purpose buying on credit anyhow assuming you'd realize a finance charge.

 

[Killswitch]

I've got a sock full of Krugerrands, just in case.

Nice sock.

 

[Lancecastor]

Nice sock.

Big sock now; around 220 of the beauties; the sock's a metaphor.

Started buying them 10 at a time on my birthday when they were under $400...stopped for a few years when they peaked, bought some again this year.

They're pretty much a no-brainer... and harder for the government to track/tax than bonds, etc.

 

[Killswitch]

Big sock now; around 220 of the beauties; the sock's a metaphor.

Started buying them 10 at a time on my birthday when they were under $400...stopped for a few years when they peaked, bought some again this year.

They're pretty much a no-brainer... and harder for the government to track/tax than bonds, etc.

I hear that.

220 1 OZ Krugs?

Sock indeed.

lol

 

[Garnate]

I got 5 silver rounds for Christmas for some reason.

Thanks, Dad.

 

[Que]

Used to be you could get bags of "junk" silver from coin dealers. A while back I was looking and all I could find was junk in numismatic holders at over spot. I settled for some one ounce ingots.

 

[SolarHomo]

I wish I had kept track of all the silver dollars my uncle gave me.

 

[queerhe]

Used to be you could get bags of "junk" silver from coin dealers. A while back I was looking and all I could find was junk in numismatic holders at over spot. I settled for some one ounce ingots.

 

[richard_daily]

Monarch has silver for .59 over spot. With shipping it comes out to 1.00 over depending on the size of the buy. Maybe .90 over.

I'd probably buy some for $1 over spot. Sometimes pay $1.25-$1.50 over. More for Englehards. It just all depends on the deal.

Don't pay premium for australian kukaburas (sp?) or chinese pandas, that's just marketing. If you want a few because you think they're cool, go for it, but don't expect to recoup the premium. I feel the same way about eagles... Mapleleafs can be gotten closer to spot, and mexican rounds even closer.

Dont' be afraid of foreign coins. I cleaned up on some .55 pesos a few years back. Some Peruvian Sols too (I marketed them as "like Morgans"). Get what you like, but as an investment, stick with as close to spot as possible. .99 bullion is good, but even the smelters have reputations... I can always sell silvertown and APMEX. Some of the lesser known producers are harder to move... but that said, in a spike, you can sell anything... people will beat a path to your door...

 

[Killswitch]

I like those Apmex 100 ounce stackers.

Monarch has them cheaper than Apmex and people seem to like the Monarch poured stuff and they have some unique sizes that are cool like 25's and fifties.

I'm gonna get some bars as we move along and add it to my stash.

I'll get a few coins for lookin at but the bars are what turn me on.

I'd like a 1000 deal but it's a bit impractical so I'll stick with easier to store 100's

 

[Killswitch]

Have you seen those Tombstone bars? lol

Those are kinda cool lookin too.

 

[richard_daily]

I like those Apmex 100 ounce stackers.

Monarch has them cheaper than Apmex and people seem to like the Monarch poured stuff and they have some unique sizes that are cool like 25's and fifties.

I'm gonna get some bars as we move along and add it to my stash.

I'll get a few coins for lookin at but the bars are what turn me on.

I'd like a 1000 deal but it's a bit impractical so I'll stick with easier to store 100's

I don't see the point in anything over 10 oz bars. You still pay the same premium on them, and it would be much harder to get rid of a 100 oz bar.

I mean, if you want to do it for the cool factor, go for it... but I like the practicality of 100 1 oz cast bars over 1 100 oz poured bar.