Jeeze, you sound like Chris Berman. Spurrier is the Head Ball Coach.
One simple question about buying gold and silver
- Thread starter Wyatt Burp
- Start date
Jeeze, you sound like Chris Berman. Spurrier is the Head Ball Coach.
NOT CHRIS VERMIN!!!! 
OP
Wyatt Burp
Member
What's toilet paper?
getting back to the thread topic.
I started collecting 'coins' back in the 60s',good for looking at but bad as investing. Along with the coins,I bought silver 'art' bars. From those I learned when to invest in silver.
2 scenarios of gold versus silver
1st scenario- June 1977 to January 1980
Gold and Silver peaked during the Iran hostage crisis and the Hunt Brothers trying to buy all the silver.
June 1977:Gold was 140.75/tr.oz.,Silver was 4.51/tr.oz.
January 1980:Gold was 677.97/tr.oz.,Silver was 35.28/tr.oz.
Had you bought a tr.oz. of Gold for 140.75 in June 1977 and its value jumped to 677.97 in January 1980,you would have profited 537.22.
Had you instead used that 140.75 to buy silver,you would have bought 31.2 oz. of Silver. In January 1980 that 31.2 oz. attained a value of 1100.74 with a profit of 960.03,422.81 more profit than the Gold realized.
2nd scenario-July 2008 to April 2011
Financial crisis in America,housing market and wall street crash
July 2008:Gold was 920/tr.oz.,Silver was 5.08/tr.oz.
April 2011:Gold was 1629/tr.oz.,Silver was 48.70/tr.oz.
Had you bought a tr.oz. of Gold for 920 in July 2008 and its value jumped to 1629 in April 2011,you would have profited 709.
Had you instead used that 920 to buy Silver,you would have bought 181.1 oz. of Silver. In April 2011 that 181.1 oz. attained a value of 8819.57 with a profit of 7899.57,7190.57 more profit than the Gold realized.
1st scenario:Gold profit-537,Silver profit-960
Ratio starting 31.2:1
ending 19.2:1
2nd scenario:Gold profit-709,Silver profit-7900
Ratio starting 181.1:1
ending 33.4:1
Ratio is important. If ratio is large,gold has to drop in value or silver has to go up in value to bring the ratio lower to what it has historically been. Since gold is not gonna drop in value enough to attain a proper ratio,it's up to silver to increase in value.
I was involved in the 1st scenario accidentally/co-incidentally because of the silver 'art' bars I had.
I was involved in the 2nd scenario on purpose,I stopped buying silver bars at $6 per oz. The silver bars I had were purchased in the $4-$6 range,I wish I had bought more,A LOT MORE.
I'm back to buying silver a little at a time while it's in the $14-$15 range. Best place to buy silver is at large coin shows as the large number of dealers/vendors are competeing against each other for your business. There it could be as little as $.50 over spot price where 'stores' will typically be $2 over spot.
The only coins I buy are the 40% silver half dollars when I see/find them at an incredible can't pass up price and silver world crowns only because I like them for the variety of designs.
I started collecting 'coins' back in the 60s',good for looking at but bad as investing. Along with the coins,I bought silver 'art' bars. From those I learned when to invest in silver.
2 scenarios of gold versus silver
1st scenario- June 1977 to January 1980
Gold and Silver peaked during the Iran hostage crisis and the Hunt Brothers trying to buy all the silver.
June 1977:Gold was 140.75/tr.oz.,Silver was 4.51/tr.oz.
January 1980:Gold was 677.97/tr.oz.,Silver was 35.28/tr.oz.
Had you bought a tr.oz. of Gold for 140.75 in June 1977 and its value jumped to 677.97 in January 1980,you would have profited 537.22.
Had you instead used that 140.75 to buy silver,you would have bought 31.2 oz. of Silver. In January 1980 that 31.2 oz. attained a value of 1100.74 with a profit of 960.03,422.81 more profit than the Gold realized.
2nd scenario-July 2008 to April 2011
Financial crisis in America,housing market and wall street crash
July 2008:Gold was 920/tr.oz.,Silver was 5.08/tr.oz.
April 2011:Gold was 1629/tr.oz.,Silver was 48.70/tr.oz.
Had you bought a tr.oz. of Gold for 920 in July 2008 and its value jumped to 1629 in April 2011,you would have profited 709.
Had you instead used that 920 to buy Silver,you would have bought 181.1 oz. of Silver. In April 2011 that 181.1 oz. attained a value of 8819.57 with a profit of 7899.57,7190.57 more profit than the Gold realized.
1st scenario:Gold profit-537,Silver profit-960
Ratio starting 31.2:1
ending 19.2:1
2nd scenario:Gold profit-709,Silver profit-7900
Ratio starting 181.1:1
ending 33.4:1
Ratio is important. If ratio is large,gold has to drop in value or silver has to go up in value to bring the ratio lower to what it has historically been. Since gold is not gonna drop in value enough to attain a proper ratio,it's up to silver to increase in value.
I was involved in the 1st scenario accidentally/co-incidentally because of the silver 'art' bars I had.
I was involved in the 2nd scenario on purpose,I stopped buying silver bars at $6 per oz. The silver bars I had were purchased in the $4-$6 range,I wish I had bought more,A LOT MORE.
I'm back to buying silver a little at a time while it's in the $14-$15 range. Best place to buy silver is at large coin shows as the large number of dealers/vendors are competeing against each other for your business. There it could be as little as $.50 over spot price where 'stores' will typically be $2 over spot.
The only coins I buy are the 40% silver half dollars when I see/find them at an incredible can't pass up price and silver world crowns only because I like them for the variety of designs.
bushmaster1313
Member
At least one of the companies that advertises heavily charges a hefty premium over the market price.
shotgun693
Member
I bought .22 rf at about 50 cents a box when I first got married. Much of it set in a ammo can until earlier this year. I sold it at a gun show for about $3 a box, telling the guy it would no longer fire. It didn't matter. I did OK. BTW. I have a bit of silver US coins just in case.
I was just going to say that I think 22 ammo would be a good investment. I also think that if you have a reloader and all of the supplies then you are sitting on a goldmine when the SHTF and a end of world/government.
Not big on silver.....
Silver is a common industrial metal. Expensive, yes, but still common. The photographic industry used tons of silver when they were using it as light sensitive coatings and used to just wash it down the drains until they decided to capture it from the waste stream when the price started going up. In 1979 the Hunt brothers cornered the silver market by borrowing heavily. People started buying silver at high prices as an investment. When the Hunt's scheme was discovered the price of silver plummeted back to normal levels and many people were left with small ingots about as big as a a finger that they paid several hundred dollars for expecting to make a profit. The Hunt brothers went bankrupt, but even bankrupt they are worth many millions more than I'll ever be.
Silver is a common industrial metal. Expensive, yes, but still common. The photographic industry used tons of silver when they were using it as light sensitive coatings and used to just wash it down the drains until they decided to capture it from the waste stream when the price started going up. In 1979 the Hunt brothers cornered the silver market by borrowing heavily. People started buying silver at high prices as an investment. When the Hunt's scheme was discovered the price of silver plummeted back to normal levels and many people were left with small ingots about as big as a a finger that they paid several hundred dollars for expecting to make a profit. The Hunt brothers went bankrupt, but even bankrupt they are worth many millions more than I'll ever be.
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RobertJ.
Member
That's what corn cobs and pine cones are for.
And books, starting with the ones you like least!
RobertJ.
Member
I've been telling my wife that for a long time!
Old TexMex
Member
Though there's always more than two sides to the coin, (I was shown a Mexican coin once, it had a religious figure on one side, a government image on the other, and....around the edge was "Liberty and Independence")
I'm Still prone to buying a little silver in Mexico, the one ounce coins are pretty, not much over spot price and well below their purchase price in the U.S.
One group is still trying to get MX back on the silver standard, it'll probably never happen, but the Banco Azteca, in trying, has made good prices in pure (995) coin readily available.
Regarding Bunker Hunt: it should be of interest to read this article... Villans are often created to justify a greater crime.
Nelson Bunker Hunt, R.I.P.: The Myth of the Hunt Brothers' "Scheme to Corner the Silver Market
I recall when silver did go to $40 the junkies stole every trophy they could lay hands on, and those beautiful works were melted down to junk. I hate the destruction of art.
USAF385
US Veteran
When the stuff really hits the fan, and someone's been without food for a week, a 16 oz can of beans would be infinitely more valuable than a 16 oz hunk of gold.
I'm going to cash in...
Thousands of coins from the 'Franklin Mint. Actually, aside from being pretty, they are only worth the melt down value. Everybody must have caught on to that scheme.
There was also a thing where people were told to buy the most expensive diamond for their wedding rings because they were a great investment. Who plans to cash in their wedding ring?
Thousands of coins from the 'Franklin Mint. Actually, aside from being pretty, they are only worth the melt down value. Everybody must have caught on to that scheme.
There was also a thing where people were told to buy the most expensive diamond for their wedding rings because they were a great investment. Who plans to cash in their wedding ring?
Old TexMex
Member
I sure wish I could cash in my X's.
ChattanoogaPhil
Member
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That's kinda like asking who plans on divorcing.
THE PILGRIM
Member
Back to the OP-
These TV folks are bulk commodity dealers.
They don't care if gold goes up or down.
They want transactions. They don't even buy gold before they sell it.
For catastrophic events- for most folks, silver probably makes more sense than gold.
As I already posted, I already have silver would like to have some gold.
These TV folks are bulk commodity dealers.
They don't care if gold goes up or down.
They want transactions. They don't even buy gold before they sell it.
For catastrophic events- for most folks, silver probably makes more sense than gold.
As I already posted, I already have silver would like to have some gold.
I recognize that the circumstances were quite different then and the past rationale does not directly apply, but let us not forget that at one time in the U.S.A., U.S. citizens and foreigners were subject to arrest, seizure of their gold, and potential jail time if caught with a stash of gold that exceeded a limit imposed by the federal government. IIRC 1934 was the year. Many of us assume things like this can never happen again, but the ways of the world are quite unpredictable, aren't they?
The modern way...
The modern way to have a wedding. Milk Daddy for everything he's worth and more to have 'your day'. Divorce 6 months later when it's too late to return the presents.
The modern way to have a wedding. Milk Daddy for everything he's worth and more to have 'your day'. Divorce 6 months later when it's too late to return the presents.
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