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What are your thoughts on collecting gold shot and silver shot
Meteorman85
Posts: 1 ✭
What are your thoughts on collecting gold shot and silver shot
This is a public poll: others will see what you voted for.
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Meteorman85
Posts: 1 ✭
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@Meteorman85 ... Welcome aboard. A lot of work reclaiming very little PM. Cheers, RickO
Unless you want to make jewelry as a side hustle, buy name brand stamped bullion from a reputable source.
When it comes to liquidate the shot you would be offered well back of spot - and some stores may pass. Are they going to test each bb?
Gold shot and silver shot is normally bought because it's easy to melt for the manufacture of jewelry. Stick with name brand bars and coins for investment purposes.
Worry is the interest you pay on a debt you may not owe.
I suppose it's good for homegrown experiments in making silver rounds or bars, but not for stacking..
These are cute 😉. At $20 for 1/4 oz. that’s US Mint prices. 😸
🎶 shout shout, let it all out 🎶
poor investment, lacks proof of purity in most cases
Give Me Liberty or Give Me Debt
Collect, yes. I have some Ag and Au shot, as part of a display of the chemical element, and I like em. But for stacking/investing/saving, no.
IMO buying silver shot is foolish... unless you plan to use it for casting, jewelry, etc.
While it may be a cheap way to buy silver... wait until you have the fun of trying to sell it. The purity will always be in question, and some may even question whether it is actually silver. Likely will have to sell to a smelter.