Buy Silver Now....

[Knick111]

SILVER.

[KrapsNovice]

What is the catalyst, Jamie. All indications are that inflation will rise do to rising interest rates. Please do explain.

[Knick111]

SILVER.

[KrapsNovice]

Jamie, there is a premium you pay when purchasing metals at a coin dealer. The question is can you overcome it with your system. Does your system entail purchasing silver through a coin dealer, etf or futures market.

[Knick111]

SILVER.

[Bankerdude80]

It's also good to have Silver on hand when the werewolf apocolypse begins. Silver is a precious metal that is used in a lot of manufacturing processes making it sensitive to supply/demand. Silver's troy ounce spot price has been trending downward for the last five years or so from a peak of about $30/ ounce.

[Moe Bettor]

You have to keep mind that the metals market is highly speculative. I have years of knowledge of the gold market and I have to tell you that it is totally controlled. The moment you see people hyping gold, they are ready to take a profit. What they want you to do is buy while they are selling and taking profits. Drive the price down and they buy at the bottom. You get screwed. I won't comment on silver, but can draw your own conclusions. The diamond market is even worse. Diamonds are perhaps the single worst investment you can make.

[mssthis1]

I have a $1000 face bag of 90% silver Washington quarters I'd like to get rid of if anyone is interested.

[Knick111]

SILVER

[220Inside]

Um, $1000 face of quarters = 4000 quarters

On silver.com, they are SELLING ROLLS of silver quarters at $127, not individual pieces. Good luck getting that price from them to BUY.

[Knick111]

SILVER

[220Inside]

Jaime, do the math. It's a pretty simple calculation

Also, go back and check the silver.com website. It's pretty clear that they are selling rolls of washington quarters at $127. A roll of quarters if $10 face value, or 40 quarters. Works out to $3.175 per quarter, NOT $50 or $127.

And again, that is what they are selling them for. Their price to buy them will be much lower, obviously. Probably by 50% or so.

[caligula]

It's also good to have Silver on hand when the werewolf apocolypse begins. Silver is a precious metal that is used in a lot of manufacturing processes making it sensitive to supply/demand. Silver's troy ounce spot price has been trending downward for the last five years or so from a peak of about $30/ ounce.

The high was $50. I held before the peak and on the long slide down.

msthis1, $1.00 of pre 1965 silver coinage (excluding silver dollars) has .715 ounces of silver in it. That is the commonly accepted number to account for the wear on each coin from circulation. That makes each dollar worth 11.78 at today's prices. Multiply by $1000 and you are holding a bag worth $11,783.20

I haven't been a buyer in a while, but about two years ago there was a run on so-called "junk silver" and the premiums on circulated pre-65 coins was rather high. Typically there is a discount, but the market decided otherwise. I haven't checked prices recently, but I would anticipate that junk silver returned to a normal sale price with a slight discount to the spot price.

If anybody needs resources for buying/selling silver and/or other precious metals with lower premiums, shoot me a PM. I know of a few places where individuals trade/buy/sell outside of the normal channels.

[mssthis1]

Yes: It is 4000 quarters, $1000 face value and I understand the silver market. I've been in it for 40 years. Just decided to unload a small part to use for other endeavors.

[caligula]

I figured as much. Most people don't have $1k face lying around unless they know what they are doing.

[Knick111]

SILVER.

[Bankerdude80]

Silver's troy ounce spot price has been trending downward for the last five years or so from a peak of about $30/ ounce.

The high was $50. I held before the peak and on the long slide down.

Thanks for the correction, caligula. My recall isn't as good as it used to be. I wanted to post a chart with Silver's spot price in a timeline, but I didn't get around to it. Precious metals don't pay interest and dont't pay dividends, so the goal is to buy low/sell high (as with most investments). Collecting coins can be fun, but it is important for people to do their homework before making a purchase. Personally, I like keeping Silver Eagles.

Didn't one of the Binion's have a underground vault somewhere in the desert that they kept their coins and bullion in?

[Knick111]

MAY 9 - 201 8,

SILVER.

[Knick111]

SILVER.

[Blackcloud]

UNHH!! You can't eat it and it doesn't pay a dividend; so you gotta worry about it ! UNHH!!