cougar14
US Veteran
Lowest it's been in a long time. I bought this morning from JM at 15.62 /oz.
Silver's cheap now
- Thread starter cougar14
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Protocall_Design
Vendor
I never knew Jerry Miculek was a silver dealer!
THE PILGRIM
Member
zzzippper
Member
As I type the spot on silver is $15.01. Of course you would pay something over the spot price. I think some products can be bought for less than the 61 cent premium you paid if you watch for sales. I try not to exceed 29 cents over spot.
I invested in US silver dollars 25 years back. All are worth much more now. My Carson City dollars, halves, quarters, & dimes are out of sight.
italiansport
Member
I too have bought up American silver coinage and continue to do so. I believe it's an excellent hedge in the case our dollars head South in value.
Jim
Jim
I sold out all the silver I had back when the Hunt Bros. tried to corner the market and drove the price up to the high $50's, (I think was was $58 an oz when I sold). There was a line out the door at the dealer I sold to, waiting to sell.
As soon as there is an "outbreak" of werewolves the price of silver will skyrocket. 
Don
Don
I bought @ $7.20/ oz in 1981. I've doubled my money in less than 40 years. If'n I took that $760 ($40 assay fee too) and bought 58 shares of Disney when I was building the Mouse a new house (EPCOT), today I'd have about 2800 shares (with the 3 splits) worth over $300,000. Not going there again. Joe
crstrode
Member
40 years of inflation has left you in the red.
kwselke
Member
italiansport
Member
Once again: I do NOT consider the silver I've bought over the years an investment per se. I consider it a hedge if the dollar collapses and we have to go to a barter system. To me it's in the same category as the extra ammunition I keep on hand.
Jim
Jim
Back in the early 70's a wise old friend told me - no matter what happens to the paper money, you will always be able to take a silver dime and buy a loaf of bread and a silver quarter to buy a gallon of gasoline. He passed away 30 years ago, but he is still right.
JMBullion is selling one ounce Silvertowne St Gaudens rounds at .49 cents over spot.
I wish I had a little money to spend on silver. For the last 1 1/2 years, all my extra dollars have gone into my cow herd.
I like American Silver Eagles and US 90% coins. Dimes, quarters, halves, and some silver dollars. I bought most of what I have when silver was between $14.50 and $16.50 spot.
Not an investment. A store of value. If silver were to go to $25-$30, I would probably convert mine into heifers.
)
I wish I had a little money to spend on silver. For the last 1 1/2 years, all my extra dollars have gone into my cow herd.
I like American Silver Eagles and US 90% coins. Dimes, quarters, halves, and some silver dollars. I bought most of what I have when silver was between $14.50 and $16.50 spot.
Not an investment. A store of value. If silver were to go to $25-$30, I would probably convert mine into heifers.
)Ivan the Butcher
Member
In the 1920's in China (The Warlords period) U.S. and English coin silver was considered too political! So "Mexican Dollars" (real silver 5 Peso pieces) were an international standard of stability and trade (especially for arms shipments!).
There is some debate on bullion ingots, being accepted as payment in times of finical crisis (do to counterfeiting) and coinage is considered the standard for barter. That being said, I bought small (1, 5, & 10 ounce)certified ingots and put them away (and forget about them). My brother bought silver dollars. I really hope we never find out who is right!!!
Ivan
There is some debate on bullion ingots, being accepted as payment in times of finical crisis (do to counterfeiting) and coinage is considered the standard for barter. That being said, I bought small (1, 5, & 10 ounce)certified ingots and put them away (and forget about them). My brother bought silver dollars. I really hope we never find out who is right!!!
Ivan
Rock185
US Veteran
Years ago, I bought some one ounce silver rounds of some kind for $7.00/oz. Kept them several years and was happy to sell them at $7.00/oz. Big time investor here
Huskerguy
Member
As I type this at 7:23 CT, the price is bid 15.04 and ask 15.14.
Around January of 16 the price dipped briefly under $14 which is the five year low. August 2013 saw a high of just over $24 - all of this in the last five years.
Going back 10 years, the low was August of 2008 and was around the $10 mark and by Sept/August 2011 it a high of just under $50.
These are rounded numbers taken from kitco.com
Might be time to be a buyer or it may go lower. Who knows?
Around January of 16 the price dipped briefly under $14 which is the five year low. August 2013 saw a high of just over $24 - all of this in the last five years.
Going back 10 years, the low was August of 2008 and was around the $10 mark and by Sept/August 2011 it a high of just under $50.
These are rounded numbers taken from kitco.com
Might be time to be a buyer or it may go lower. Who knows?
