Silver

Ammoholic said:
I am likely wrong, but I went with US silver coins……not “junk” grade but close to it.
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Yeah, I have no idea what's going to be the best to go with in a "need it" scenario. Are the .999 mints going to be more useful that the 90% pre-64 (or whatever) silver coins Will rounds be better suiter than bars? Only asking because its obviously cheaper just to get bars.
 
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I chose coins for two reasons.
US history.
The denominations make them easier to “trade” when the time comes. At least I would think so.

i bought up silver dollars, half dollars, quarters and dimes. About 5yrs ago.

Wish I had bought twice as much then!
 
Ammoholic said:
I chose coins for two reasons.
US history.
The denominations make them easier to “trade” when the time comes. At least I would think so.

i bought up silver dollars, half dollars, quarters and dimes. About 5yrs ago.

Wish I had bought twice as much then!
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Yeah, I dont have much of anything now, but im thinking about making a decent purchase this weekend.
 
In my opinion its not a buyers market right now.

But I am no expert, though I like your thinking!
I have been waiting for it to go down to buy more.
Just too high right now “for me”.

May just be a part of getting old. Lol
 
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Ammoholic said:
In my opinion its not a buyers market right now.

But I am no expert, though I like your thinking!
I have been waiting for it to go down to buy more.
Just too high right now “for me”.

May just be a part of getting old. Lol
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I think its heavily undervalued as it is. Mainly buying because I don't trust the dollar to be around in the next 30 years. If it is, it;'ll be in piles on street corners while people sell little trinkets made out of the paper.
 
Pre-1964 US coins. 1/2 Oz or 1 Oz Canadian coins and some 1 Oz rounds.
Large bars are mainly for convenient storage of larger amounts but mostly silver is coins.

If I was looking at large amounts of wealth to preserve I believe I would go with gold coins rather than large bars of silver
 
If you are going with bullion, 1 oz is far easier to sell and for higher prices per ounce than anything larger. US silver eagles were the easiest silver to sell when we sold our PM stash several years ago to buy a house. US dollar coins were right behind.
 
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Silver has been almost twice as high as it is now, in recent years. It is still undervalued. The best approach is to buy every month. When it is needed, it will be far more valuable than now.

I would buy mostly new 1 oz US coins, and put mebbe 10% of your purchase in circulated US silver coins (junk silver).
 
shooter_mcgavin said:
Yeah, I have no idea what's going to be the best to go with in a "need it" scenario. Are the .999 mints going to be more useful that the 90% pre-54 (or whatever) silver coins Will rounds be better suiter than bars? Only asking because its obviously cheaper just to get bars.
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if, as us silver bugs have been yodeling about for 15+ years now, silver goes into the 3 digit range (and higher), you wont' care what the "best" way to buy it is. Junk, rounds, eagles/libertads/maples/raands, shot pellets.... anything will be a fantastic buy.
I have been buying junk for years, though I have slacked off the last few. Not that I have "enough" (no such quantity exists!), but I have focused more on stuff like generators, food production, med supplies and stuff. The only thing I am buying (irregularly) nowadays is kilo bars, which I usually get from ebay. Several decent brokers.

Now that cancer has entered the equation, it puts the whole "survival" thing into a new perspective.

Anyway, I would focus on what you can get cheap, and is readily confirmable. By confirmable, I mean be careful. There are a whole bunch of fakes out there, even in silver, now. I have a whole box of fake Englehardt 1 oz bars. Fortunately, I was able to lay out the obvious fake hints (back of the bar had bad stamping, bars themselves slightly overweight, some other stuff) and ebay forced a refund. I now have a box of 20 fake bars... just to remind me that there are inventive Chinese liars out there. BTW, these bars PASSED the magnet test with no problem. If I had not been buying these for years, I likely would not have spotted them.

1) Junk (US quarters dimes halves before 1965)
2) Sovereign mintage (libertads from MX, Maples from Canada, Eagles from USA, Krugeraands from S Africa, English and Austrian and Australian national mints
3) Silver dollars (Peace and Morgans)
4) Individual mints Englehard, Sunshine, Asahi, Silvertowne, Johnson Mathey, Pamp.. there are lots of these. These are also the most "risky" as there are more and more frauds. If you are going to buy these, be sure you get a reputable dealer like kitco, jm bullion, scottsdale or one of the well rated guys on ebay.

Buy em cheap. Stack em deep :)

Old video. Themes still true.. just that the big guys are deeper in than ever.

 
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I do 1 oz silver rounds and junk silver. You can get silver delivered quick from...Walmart. As previously stated silver is way under valued - so even at todays price $22.32 per oz - it's not a bad investment. I buy some periodically and it fluctuates. I'm getting it for a reserve and not really considering it an investment - kind like storing some food and ammo.
 
Car0linab0y said:
If I was looking at large amounts of wealth to preserve I believe I would go with gold coins rather than large bars of silver
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I agree and disagree. Gold is your GOOD bullion (get out of dodge). It will be solid, and will explode when all this crap about minting dollars finally goes off the rails. Silver, though, is the crazy little sister on crack compared to gold. When gold is screaming up, silver is screaming, scratching the eyes out, pulling chunks of hair and shooting at random cops rocketing upwards.

There are a couple of problems with pms, though. The biggest one is the systemic manipulation and price caps and corruption of the futures and forwards (London Metals Exchange) markets by the big banks. They effectively "counterfeit" pms by selling "paper" contracts for which there is no physical backing at ratios of 500:1 and up. This means that if people begin losing confidence in the dollar/euro/yen/remimbi, the national banks (thru the large brokerage firms like Goldman HSBC etc) sell huge quantities of "paper" contracts into the market, tamping down the price. These are riskless trades, too, as the exchanges have fixed the game so that if these banks are ever in a "short squeeze" then it is written into the contracts that they can go force majeure and force liquidation in paper currency. Therefore, the markets will have to collapse before they can truly respond to supply and demand. This will take something big. However, when you force the market to do something big, guess what? That is right. It does something big, usually in a spectacular, unexpected shattering turn of events. I have come to believe we will see stunning jaw dropping moves in silver and gold, but not until the entire financial system is convulsing.
The other problem with silver is that the crazy runs it does make it hard to figure out where to get out. It breeds FOMO, so that I have overstayed to HUGE runs and missed a great deal of the run b/c I though "this is it. this is the balloon going up. don't get out now! it will be double this in a week!" It is hard to force one's self to take profits when you are sitting on a 400% gain. So, I would say set a target where you will liquidate 30% of your holdings. It can be when bond rates are 10%, when the gold silver ratio is 30:1 (~ 80:1 right now), when you can buy a certain number of dow stocks with an oz of gold.... or anything you choose. I don't think I would set it as a DOLLAR value, as I believe the dollar is dead... but I am a weirdo that way.

Good luck to all buying this stuff.
 
Herk said:
I do 1 oz silver rounds and junk silver. You can get silver delivered quick from...Walmart. As previously stated silver is way under valued - so even at todays price $22.32 per oz - it's not a bad investment. I buy some periodically and it fluctuates. I'm getting it for a reserve and not really considering it an investment - kind like storing some food and ammo.
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Walmart? For real? Please link me.
Learn something every day, it seems.
 
Here's something my brother sent me when he was in Utah - these have actual gold in them and the amount is stated on the face.Wyoming-goldbacks-front-9.26.22-1024x548.jpg
 
"...what is the best size to get - 1 oz rounds or 5, 10, and larger oz bars?"

yes.

seriously, given those choices, 1oz rounds.
until the US Eagles started, i collected every
silver coin (US or other) i could. now, when
i buy silver, i buy Eagles.
 
tanstaafl72555 said:
I don't think I would set it as a DOLLAR value, as I believe the dollar is dead... but I am a weirdo that way.
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And that,my friends, is the secret to PM’s. Very few understand this as it’s contrary to what we’ve been trained since early last century.
 
For hedging and possibly as an investment I like bullion over numismatic since when it comes time to sell the market spot price is about it instead having to deal with “collector” price.

As to size … I treat that kinda like bills in your wallet. About half of the inventory in 10oz bars, a quarter in 5oz bars and quarter in 1oz bars or rounds. The 10oz bars seem to have the lower “premium” over spot and easier to stack and store. Having smaller sizes is just my way of being able to have something to “make change” or such instead of a $250-$300 10oz bar.g
 
NCFubar said:
For hedging and possibly as an investment I like bullion over numismatic since when it comes time to sell the market spot price is about it instead having to deal with “collector” price.
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agree 100%. The other thing to consider is that when silver rises, the spread between bullion price and numismatic premium goes out.

Again, I believe that ANY silver will be good when the dollar goes "poof" but I have seen people pull out those graded morgans and peace dollars and sell them for almost the same prices per oz as junk.... and be happy to get it.

Good luck to all.
 
My problem with silver is the physical premium. The premium on silver eagles from sdbullion in qty of 500 is 40%, it’s higher at apmex. The silver bugs may think that 40% is nothing since it’s just about to explode to triple digits, and they may think they can get the physical premium back in any event, and they may be right on both counts, but 40% is a deep hole to start in.
 
I bought big when I found a small premium. Likely not possible now. The premium is high because the silver is so scarce.

US minted coins might be received with more confidence than ingots when you sell...
 
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JimB said:
My problem with silver is the physical premium. The premium on silver eagles from sdbullion in qty of 500 is 40%, it’s higher at apmex. The silver bugs may think that 40% is nothing since it’s just about to explode to triple digits, and they may think they can get the physical premium back in any event, and they may be right on both counts, but 40% is a deep hole to start in.
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I as well don't buy eagles. I am a cheapskate. I get it.
 
Point of interest: any time there is a substantial premium over the so called "spot price".... this is an indication that the spot (which is tied to futures and large commercial transactions) is being manipulated. There is literally no other explanation for it.
So, *IF* the stated price is manipulated (being pushed down) this is a hint to another point of interest, which is markets always win in the end over manipulators, and when it does, it goes like a slingshot.

Your average "investor" today believes in the lies of the market manipulators.... equities are safe, the fed is the engine, inflation is under control, buy the dips, etc. I am not averse to this, and in fact will scalp long or short depending on what I think the short term trend is in equities (I aggressively play the /es) and currencies. However, my "investing" is predicated on what I think LONG TERM SECURITY is, and I decidedly do NOT believe in the equities markets, the debt markets (bonds), nor any fiat currencies.

I Have a speculative interest in cryptos, but most of what I consider "real" wealth is real estate (of which I have none, as I think it is crazy over inflated), and commodities, particularly precious metals. Therefore, my "investing" is almost all in gold and silver. So, I just don't sell it. In the end game, I think I (or my kids/grandkids) are going to be the winners over the techies, the fang folks, the amzn/tesla crowd, and all the people in equities.

So, even with a substantial premium over spot (some say the premium only reflects the "real" price), I would say it is a buy.

That is just me, though.
 
I've been buying whatever deals I come across on this forum and the Canadian forum. I've been doing this for the last couple of years.

I've probably got about 4 pounds of. 999 silver, no junk silver. I have 1 bar that weighs 1 kilo (2.2 pounds). It's heavy, but it'll be good to trade for a large purchase. Worst case scenario, I could melt it into smaller pieces or cut it into smaller pieces with a band saw (and keep the silver shavings too). But, the rest of my collection is all rounds that'll be easier to use for smaller trading transactions.

I also have a couple small pieces of gold, but I can't really afford to buy gold often. It's too expensive for me.
 
I’d say 1oz .999 . Easy denomination to trade, not much premium if you stay away from actual currency like maples and eagles, and you can freely melt it down or whatever unlike junk silver that is illegal to melt down and sell and the premiums are way too high on atm. Face value x .715 is what you should be paying I believe for junk and it’s way over that. Also “spot” is so manipulated recently that you can just ignore it. When they’ve bought all they want and stop playing with it then spot will jump to 30-35 quickly.
 
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I've been thinking about investing in silver a lot recently. I got my parents on it and they have bought a significant amount. Personally, I put a lot more into survival prep. I think there's prep for total societal collapse, and then prep for monetary collapse. Often go together, but two different things. So now I'd really like to start getting more physical silver now that I believe my survival preps are closer to adequate.

So simple question, am I better off buying from a place like walmart.com or going to a local dealer? I'd be looking to spend maybe 100 bucks a month and just slowly build up a pile till things either collapse, or I'm happy with where I am. (This is what I've been doing for a couple years now for things like food, ammo, and other survival preps.) If the answer is go to a local dealer, where is one in the Fuquay area? There's a pawn shop that advertises gold and silver, right in downtown. But "trusted" is the key word.
 
clay_fv said:
I've been thinking about investing in silver a lot recently. I got my parents on it and they have bought a significant amount. Personally, I put a lot more into survival prep. I think there's prep for total societal collapse, and then prep for monetary collapse. Often go together, but two different things. So now I'd really like to start getting more physical silver now that I believe my survival preps are closer to adequate.

So simple question, am I better off buying from a place like walmart.com or going to a local dealer? I'd be looking to spend maybe 100 bucks a month and just slowly build up a pile till things either collapse, or I'm happy with where I am. (This is what I've been doing for a couple years now for things like food, ammo, and other survival preps.) If the answer is go to a local dealer, where is one in the Fuquay area? There's a pawn shop that advertises gold and silver, right in downtown. But "trusted" is the key word.
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Shipping kills a good deal at the ~$100 level. I suggest FTF meet ups with members here first and then second would be to save enough to order online at a level that gets free shipping. The local coin shop place in Fuquay sucks. Owner is overpriced and an a**hole. I suggest Kris Kringle’s in Raleigh beside Crabtree mall if you want to go the coin shop route. I can’t vouch for other shops but I’m sure other good ones exist locally.
 
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