In your opinion
laserart
Posts: 2,255 ✭
what gives the greatest value when buying silver. I know so many of you buy bars but is bullion coins (SAE) as good a buy? What say ye about 90% junk coins?
"If I had a nickel for every nickel I ever had, I'd have all my nickels back".
0
Comments
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
In honor of the memory of Cpl. Michael E. Thompson
<< <i>what gives the greatest value when buying silver. >>
Your time and effort.
And congrats on your future purchases... even certain (un)allocated accounts might work for you.
dealers get in a lot of really nice coins getting sold for scrap because owners want
to take a profit. Many of these are worth a premium even at these levels but there
aren't any buyers so most get melted.
These are the best buys now. There will be more and more if silver goes higher.
It's generally a bad idea to pay big premiums for whatever is currently hot unless
you're buying for the short term. The spreads on hot uitems tend to be narrow so
this makes them ideal for short term. In the long term something else will be hot
and you won't get the premium back.
There's lot of great silver to buy at any price level. Trade in your winners to get
more silver and trade in junk to get better silver.
The real winners with silver will be the long term players probably though this might
be a good time for short termers. Keep in mind though we're at a 30 year high so
it could be a horrible time for timing the market.
Buy physical, don't get in a hurry and watch out for "the move". In the mean time
cull your holdings to suit the current market.
If the price explodes you'd do well to remember two things. The first is the price is
going to crash badly after the peak. If you want yoyu can ride this out because silver
will still be a great long term investment even when it's nearing the peak. You might
not want to sell things that are irreplaceable because the world will be a much dif-
ferent place at that time. A lot of stuff that we consider fairly common will be nearly
irreplaceable. Primarily this applies to world coins, tokens, and medals but there will
even be some US that is melted overzealously.
You need to be patient. It can take a very long time for sanity to return to anything.