Silver's cheap now
- Thread starter cougar14
- Start date
Don't forget investments in brass, copper and lead.
THE PILGRIM
Member
I'll probably buy some more Silver.
I like the Buffalo- Indian Rounds.
Or as you PC guys would say, the Native American - Bison Discs.
I won't post any pics, but trust me just this one time, I have plenty of ammo.
I don't have any cows.
A few ago I passed on an opportunity 'once in a lifetime?' To buy a Dairy Herd.
If I had writ that check, 300 Holsteins would have been mine!
No, I wouldn't need those rubber boots to wade through the stuff.
A dairy family South of here would have been the herd leasee 'operator.'
I have invested in a lot of different things, but so far no cows.
There is the saga of the Overseas Shipping Containers.
That's a Soap Opera that cost me money!
Maybe I'll do a thread on that fiasco!
I like the Buffalo- Indian Rounds.
Or as you PC guys would say, the Native American - Bison Discs.
I won't post any pics, but trust me just this one time, I have plenty of ammo.
I don't have any cows.
A few ago I passed on an opportunity 'once in a lifetime?' To buy a Dairy Herd.
If I had writ that check, 300 Holsteins would have been mine!
No, I wouldn't need those rubber boots to wade through the stuff.
A dairy family South of here would have been the herd leasee 'operator.'
I have invested in a lot of different things, but so far no cows.
There is the saga of the Overseas Shipping Containers.
That's a Soap Opera that cost me money!
Maybe I'll do a thread on that fiasco!
Last edited:
DWFAN
US Veteran
I stick to coins. Value will always go up.
DW
DW
squidsix
Member
I buy Canadian Maples. I have used them many times to trade for guns. The great part about Maples is that the lowest they will ever go is 5 Canadian dollars, and the highest they go is however high silver goes. Also: It's a technicality, but the US Gov isn't supposedly able to confiscate, since its a sovereign nation's currency.
It's amazing how many people don't know the value of silver.
There was a video on You Tube awhile back when silver was around 20$$ something an oz. He was standing outside a coin shop offering people a oz. of silver or a candy bar for free. Can't believe how many took the candy bar. Said the video was not edited, only a foreigner took the coin.
There was a video on You Tube awhile back when silver was around 20$$ something an oz. He was standing outside a coin shop offering people a oz. of silver or a candy bar for free. Can't believe how many took the candy bar. Said the video was not edited, only a foreigner took the coin.
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
My brother has been a coin collector since the 1950s. He started buying silver, scrap, coins, rounds, bars, etc., in the early 1990s. He told me he had several 100 oz bars he paid $4.00 an ounce. He accumulated a bunch just buying a few ounces here and there, @nd buying coins etc at shows. When silver got in the $40 range a few years back, he sold out. He paid cash for a very nice ocean front condo in Panama City, Fla with the proceeds.
The point is that silver isn't something you are going to get rich overnight with, but if you accumulate a little along, you will probably have opportunities to "cash in". from time to time.
LoboGunLeather
US Veteran
Just about a year ago a friend told me of an acquaintance who needed to move some silver quickly due to a family emergency. Three 100-oz. bars, serial numbered, with assay certificates, well known US producer. Market value at the time was just over $15 per oz, so I was looking at about $4500 total fair market value. Asked the man what he would take, he first said $4000, then went down to $3600 for immediate sale ($12 per oz). It took me about 4 months to find a buyer with the market just over $16 per oz, at which time I sold for $15.50 ($4650 total with me paying $48 for insured delivery via FedEx).
What I learned: (1) 100-oz bars are much more difficult to liquidate than smaller pieces; (2) very few knowledgeable folks routinely pay spot (or premium over spot) prices, with lots of folks looking for bargains; (3) don't invest in such things with an expectation of quick and easy liquidity.
For most "investors in precious metals" I would suggest that a little premium over spot value is to be expected at purchase, a little discount against spot is to be expected upon sale, and such investments should be looked at only as long-term rather than quick-turn.
I made a thousand bucks, but it took several months and required some effort. Your experiences may vary.
What I learned: (1) 100-oz bars are much more difficult to liquidate than smaller pieces; (2) very few knowledgeable folks routinely pay spot (or premium over spot) prices, with lots of folks looking for bargains; (3) don't invest in such things with an expectation of quick and easy liquidity.
For most "investors in precious metals" I would suggest that a little premium over spot value is to be expected at purchase, a little discount against spot is to be expected upon sale, and such investments should be looked at only as long-term rather than quick-turn.
I made a thousand bucks, but it took several months and required some effort. Your experiences may vary.
italiansport
Member
I agree regarding the beauty of the St Gaudens $20. However, for us regular collectors it's hard to beat the beauty on the Morgan silvers dollars!
I try to buy some at every gun show I attend!
Jim
I try to buy some at every gun show I attend!
Jim
Whitwabit
US Veteran
My mother knew a woman that was a teacher and she had been buying Gold Coins since she started teaching .. She retired to Florida very comfortably ..
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