Richard Nachbar is suggesting trading rare coins for silver bullion now. He was right with gold. W

Longacre

I saw a recent ad by Richard Nachbar where he states that people should be trading in their rare coins not for gold bullion, like he has been suggesting for years, but rather for silver bullion. He has clearly been correct with gold bullion over the years, and in his ads he even proves how much more money people made following his suggestions to trade for gold bullion versus the prices of their coins in the marketplace.

I find his suggestion of getting into silver, rather than gold, intriguing. Will anyone here be following that advice?

fcloud

What goes up can go down.

MilesWaits

I remain diversified. I appreciate him sticking his opinion out there, though!

I do hope he is right although I believe Gold will hang in there just fine.

It is an intriguing thought, but also, one hell of a gamble to give up my Rare Gold Buffalos, Longacre!!!

Miles

derryb

Silver to Gold ratio has been discussed at times on the PM forum and I for one believe silver will be the biggest money maker in the next upleg of the PM market. He is offering good advice, take it.

Barry

Would you trust the advice of a guy who has had 6 retirement sales?

Catbert

Nah - just buy some Silver Wheaton (SLW) stock instead.

Stew

Have been hard core stacking Silver for over a year now

OPA

<< <i>Silver to Gold ratio has been discussed at times on the PM forum and I for one believe silver will be the biggest money maker in the next upleg of the PM market. He is offering good advice, take it. >>





This has been a topic of discussion several times on the PM board over the last 18 month, and most of us agree with his advice. On the other hand, if you believe that worldwide financial Armageddon is imminent, stick with Gold, Coffee and Cigarettes.

MsMorrisine

<< <i>

<< <i>Silver to Gold ratio has been discussed at times on the PM forum and I for one believe silver will be the biggest money maker in the next upleg of the PM market. He is offering good advice, take it. >>





This has been a topic of discussion several times on the PM board over the last 18 month, and most of us agree with his advice. On the other hand, if you believe that worldwide financial Armageddon is imminent, stick with Gold, Coffee and Cigarettes. >>




don't forget the bullets!

MsMorrisine

seriously... you could diversify your PM, too.

fivecents

Nachbar has a called it pretty good so far.

I tend to trust his judgement, just because of his past track record. Strickly just my opinion and gut feeling.

GAT

One big problem with silver that no one has mentioned and that is it's bulk. It takes roughly 60 ozs of silver to
equal one oz of gold in value and presents a safe storage problem. I can put $20,000 of gold in my pockets real easy. Try that $20,000 in silver.

7over8

He is right on target. For percentage gains in the near future, silver should outshine gold.

BBQnBLUES

<< <i>One big problem with silver that no one has mentioned and that is it's bulk. I can put $20,000 of gold in my pockets real easy. Try that $20,000 in silver. >>


But wouldn't you rather have a Big CHUNK of Silver (to fondle) over a small Gold coin ?
That's why I'm wanting to trade 100 oz of 1oz rounds for 1 BIG BAR !!

MaineJim

At least with silver you can find it at face if you look around a bit!

Maine_Jim

yznx3e

Question from a newbie. When accumulating silver is it best to stick with .999 silver eagles? Does collecting pre 1964 silver present problems in trading in silver?

ArizonaJack

You need both, AU and AG. In the event of a catastropic failure, it is much easier to barter a $3 item with silver than it is with gold.

halfhunter

<< <i>Question from a newbie. When accumulating silver is it best to stick with .999 silver eagles? Does collecting pre 1964 silver present problems in trading in silver? >>



I, and many others, like to have both.

HH

Justacommeman

I guess it depends what your objectives are.

I buy gold for wealth insurance. I buy silver for speculation.

I hold bags of junk silver for SHTF purposes......MJ

Sonorandesertrat

In the event of a 'catastrophic failure', guns, ammo, medications, and food will be more valuable than discs/bars of any precious metal.

Goldbully

Is it not "Mr. Nachbar"

Nysoto

Didn't he retire awhile back with all of those ads announcing his retirement?

Wolf359

<< <i>In the event of a 'catastrophic failure', guns, ammo, medications, and food will be more valuable than discs/bars of any precious metal. >>



Tell me when in human history a depression led to those needs. Answer: Never. None of that is going to happen.

Buy silver.

mikeyg

It seems to me from previous forum polls that most members hold more silver than gold.The reasons are obvious...for 1200.00 you can buy either one ounce of gold or 60 ounces of silver.Will we sell our gold to buy silver?I dont think so.Most of us are comfortable with some of each.with a roll of silver American eagles selling for a little over 400.00 the downside appears to be small to make some new silver purchases.

500Bay

As for a track record, it would be more interesting to me to see who was recommending selling gold and silver back in 1980. The person who tells you when to sell, not just when to buy, has a real track record.

I do not know what he was recommending back then?

7over8

that would be nearly impossible to track......it was 30 years ago....

I know that the current dealer has been recommending selling numismatic coins and converting to gold for at least 8-9 years now. I think that is a good record, after all, gold was not the "investment of choice" a number of years ago.......and this dealer was publicly in print ads advising to move into it...

BillJones

No, I'm a coin collector, and I find junk silver to be boring. My investment money is in the convention stuff (stocks, CDs, land). I still have confidence in the long term viability of the American economy unless the socialists and communists take over the U.S. Government completely.

yellowkid

Sell my rare coins, that give me so much enjoyment, to buy stacks of silver? Is he nuts?

Hussulo

No. Because I'm a colletor first and foremost. If I'm going to be selling any rare coins it will be so I can buy even rarer coins.

crypto79

<< <i>I still have confidence in the long term viability of the American economy unless the socialists and communists take over the U.S. Government completely. >>



I don't have a problem with wealthy people rising a stink about the "Socialists and Communists" or whatever that truly means, I just think it is the funniest thing in the world when the rich manipulate the common working class with negative net worth's and gross incomes under 500k to vote for their Plutocracy agenda that they don't even attempt to hide. While it makes perfect sense for the rich to be strong advocates for their point of view how they get the lower class to vote with them I will never know. Gold and silver have always been poor long term holds for investment purposes, if that has truly changed there are bigger forces at work than standard market play such as artificial suppression of currencies or inflation of commodities. These forces should not be played in by armatures as you are playing against a stacked deck and it equates to gambling and timing & not investing. As for trading rare coins in, your collection should not be investment based as it's a hobby not a portfolio, if you at a later point can get some/all/ more money out of it....Great but that shouldn't be it's main point unless you are a dealer.

timcoin

I definately DO NOT agree with trading in rare coins for silver bullion, even though I do agree that silver is currently a good buy. As of this typing, it nearly takes 70oz of silver to obtain one ounce of gold. That is a wider spread than I can remember for a long time.

Barry

<< <i>As for a track record, it would be more interesting to me to see who was recommending selling gold and silver back in 1980. The person who tells you when to sell, not just when to buy, has a real track record. >>


Monkeys, typewriters, bible.
You get enough people making predictions, someone is bound to be right once in a while. For example, remember Elaine Garzarelli? She called Black Monday in 1987. She made the rounds of the financial shows for a while, then disappeared as quickly as she rose.

Walkerguy21D

Is silver undervalued relative to gold? Maybe. Trade my large cents, type coins, etc. to Nachbar for silver bullion? Not gonna happen.

CoinMiner1

Just because the silver/gold price ratio is out of whack doesn't mean it will change any time soon unless the FUNDAMENTALS for such change. At one point the Ag/Au ratio was 16:1, now it is almost 70:1.

What, EXACTLY, prevents the ratio from going to 100:1?

Unless some country monetizes silver again, which looks unlikely now, why will the spread in the ratio now suddenly reverse course? Just b.c. you want it to and placed your bets accordingly?

The only thing that I see might change is if another country decides to take on the pharmaceutical cartel and allow silver to again become ubiquitous in medical applications.

But, I won't hold either my breath or investment dollars until that wind changes direction...

roadrunner

The gold to silver ratio has gone >100 twice in the past 100 years.....in 1939 (153) and in late 1980's/early 1990's(100+). The ratio goes high when things in the financial sector and economy go haywire. It made it to 93 in October 2008.

Gold and silver have always been poor long term holds for investment purposes, if that has truly changed there are bigger forces at work than standard market play such as artificial suppression of currencies or inflation of commodities. These forces should not be played in by armatures as you are playing against a stacked deck and it equates to gambling and timing & not investing. As for trading rare coins in, your collection should not be investment based as it's a hobby not a portfolio, if you at a later point can get some/all/ more money out of it....Great but that shouldn't be it's main point unless you are a dealer.

In fact every signficant investment medium since the FED was created in 1913 has been a poor long term investment when one's horizon is only one cycle - say 10-30 yrs. But gold and silver have been fine long term value holders since 1913. They've kept their net value while corporations and nations have gone bankrupt. I do find it interesting how some analyze the long term progress of gold and silver by the past 30 years alone. In fact the current debt/fiat/credit system that the world has been on since 1971 is just now nearing its end game. Let's let this play out over the next 3-7 yrs before we write up the report up on gold and silver long term performance. The changes of our monetary system from 1971 have basically made us all gamblers. There is no way to survive and prosper without gambling in different "investment" mediums. In reality it is just one big carney. And if you don't play you get swept aside. The Romans called it bread and circus, today we call it debt and reality TV. The end results will be similar.

roadrunner

DIMEMAN

I would NEVER EVER buy bullion rather than rare coins.......EVER!!!!!!!!!!!!!!!

PerryHall

<< <i>Sell my rare coins, that give me so much enjoyment, to buy stacks of silver? Is he nuts? >>



Suggest that you visit the Precious Metals forum here and look at the picture threads. I found it to be a real eye-opener. There are hundreds of different silver bullion products that are both neat and very collectible. I certainly wouldn't suggest that you sell your coins but if you want to diversify your assets, silver bars are an interesting option.

WillieBoyd2

The Martians are not interested in your gold or silver.

They want your toilet paper.

coolest

you better have a lot of secure space if you want to store silver.