Sell Silver today, Invest $$$ Where?

Windycity

So there is lots of chatter about selling bulk silver at these levels. Even uncs and proofs are being sold as bullion. When sold, where do you invest the money? Nice collectible coins? Stock market? Real Estate?

Personally, I have sold bulk circulated silver but I'm holding the proof and Uncs because I really don't know what better investment I can make at this time given the predicted continued decline of the US Dollar.

Obiwancanoli

I've done the same, and sold much of my circulated silver... and reinvested it in better coins for the Type Set.

Am considering putting a bit more of that profit into some new Eagles, but dang... they're getting up there... $225 more than last year... I suppose no matter what the price, if gold continues to go up, they'll alwyas be worth more, but right now, silver's taken the lead on the precious metals ROR's...

keyman64

Buy the KEYS! Not the semi-keys, just the KEYS!

291fifth

Never use the word "invest" in the same paragraph where collectibles are mentioned.

pmac

In another thread I thought of investing in the western MA paper company that made it for the currency engravers, but they are privately owned.

RedTiger

The obvious answer is to invest it where a person already has some of their other money. In investor terms, a rebalancing from an appreciating asset class to one or more asset classes that hasn't done as well. This kind of rebalancing diversification guarantees an average middle in terms of performance, never the best, never the worst. However, because most active small fish investors chase the hot sectors and tilt heavily to what is moving at the moment, rebalancers will tend to do better than 80% of all active investors.

Frozenink

Buy as much land as possible.

Gary

AnkurJ

Im selling to put the money towards a PQ key date 17th century coin. The other suggestion would be to pay off any leftover debt.

PerryHall

<< <i>Buy as much land as possible.

Gary >>



The problem with land is you have to pay real estate taxes and the government taking it from you under the right of imminent domain.

JamesMurray

Cotten , we did last year , its up and steadily climbing , your jockeyshorts are gonna cost more this year.

scottgardener

I'd invest it in silver. Just hang onto it until next year. There will probably be a big correction, maybe in the Fall, but don't sell then.

ChrisRx

Real estate and decent dividend stocks.

Don't be the last one standing when the music stops

Teva

I sold some silver and bought some Canadian currency.
I live in a border state and thought it could come in handy
someday??

johnny9434

find out whats soft in the market right now ( commems. etc ) and go at it from there

IrishMikey

The wife and I are considering "investing" in a cruise with some of our profits. Even
if the price keeps going up for another few years, you can never go wrong by taking
a profit and doing something fun with the money. Some of the collectors that pretty
much hoarded all their lives, then left their collections to their kids and grandkids after
they died, are NOT role models for me.

questor54

<< <i>The wife and I are considering "investing" in a cruise with some of our profits. Even
if the price keeps going up for another few years, you can never go wrong by taking
a profit and doing something fun with the money. Some of the collectors that pretty
much hoarded all their lives, then left their collections to their kids and grandkids after
they died, are NOT role models for me. >>



That is the right idea. You never know when some health problem will pop up and you can no longer do all of the things you want. Carpe diem - it is truer than I ever thought.

DuPapa

Since you asked, In 2007 I fired my Stock Broker and opened an on-line accout.. $9.99 for trades of any size has saved me $1,000's by itself... Its fun again.

I'll go out on a limb with this.
Concerning Synta Pharmaceuticals Corp (snta).

I first bought in Sept 2007 at $8.34/share when its 1st generation small molecule drug was begining Clinical Trials. Those trials didn't go too well, people died and in Feb 2009 it fell from $9.55/share to $1.30/share. I bought again at $1.74/share so my average price per share fell to $5.04. Its current price is $5.70.

It was risky even at $1.74 and off its historical high of $10.10 on Feb 7 2007 on the 1st day it was offered. And it still is risky at its current $5.70. But, things have been going better and people are living... so far.

If you have some cash doing nothing and are not afraid to take a risk, do some research and consider adding a little SNTA to your holdings or put it on your "Watch List".. Even if the trials fail again the stock still won’t go to $0 (as long as too many don't die again) but if successful it will go up alot.

I tell you this because Synta Pharmaceuticals Corp (snta) reminds me of Amgen and my good fortune of buying shares in April 1986 because of its promising Stage II Clinical Trials but Synta is little and not in the same class as Amgen.

In my case Amgen splits turned 1 $20 share into 48 shares that hit a high of $95 and are currently $55/share. My return earned $178/$1 invested... the top return was at $228/$1 and today the every dollar invested return is still $132.. amgn had setbacks early too and fell by 1/3 in price when a drug trial failed.

Synta now has very promising Clinical Trials with Elesclomol, their novel “small molecule” approach in cancer killing drugs.

Here's a bit of what Synta says:
Elesclomol is a novel small molecule inhibitor of cancer cell metabolism that kills cancer cells with normoxic, or normal oxygen, metabolism. In three randomized clinical trials elesclomol has shown clinical activity in patients whose cancers show signatures of the normoxic metabolic state. Elesclomol is currently being evaluated in clinical trials in leukemia and ovarian cancer, with a trial in lung cancer expected to initiate later this year. "The anti-cancer activity of elesclomol is highly dependent on the redox potential of its copper complex. This observation suggests a unique means of selectively targeting cancer cells: exploiting electrochemical differences between cancer cell and normal cell mitochondria. This represents an entirely novel approach to treating cancer, distinct from chemotherapy or cell signaling inhibition."

I like what is reported below about insiders having shares set aside for them and institutional investors at a fixed $4.89. Looks like they bought them, in the 4 tradings days since the 15th its up 16%... but thats just me... its risky... but, its fun to roll the bones now and then... n'est-ce pas? ...eh?

Synta Pharmaceuticals Unveils Direct Offer Of 7.2M Shares
8:34a ET April 15, 2011 (Dow Jones)
Synta Pharmaceuticals Unveils Direct Offer Of 7.2M Shares
DOW JONES NEWSWIRES
Synta Pharmaceuticals Corp. (SNTA) unveiled a direct offering of 7.2 million shares at Thursday's closing price to institutional investors and company insiders to raise funds for its operations, including research and development.
The biopharmaceutical company, which has about 41.3 million shares outstanding, said the shares are priced at $4.89 each. The stock, which is down 20% this year, was inactive in recent premarket trading. About 22% of the direct offer will be sold to company insiders.
Synta focuses on treatments for severe conditions such as cancer and chronic inflammatory diseases. Like many other drug developers it is unprofitable and relies on capital raising and other sources to fund its operations. Drug candidates in clinical studies include treatments for lung cancer, prostate cancer and breast cancer.

ambro51

Well I DID sell silver today, and got $3400 roughly.

Since most of this was from my wifes gathering of her mothers old sterling silver, and 26 bleh morgan and peace dollars she had, it her call.

And her call will be made tomorrow, to our landscaper! So, we are investing the money in our home.

derryb

Put it in AGQ and don't freak out on the down days:

beckes

Buy common date morgans ms-64 (Maybe) 65's. (Think they will be the same price in the future.)

There is a reason 64's are selling for a Hundi!!!

Is anyone melting 65 and 66? NO.

Will they melt them in the future? Who knows?

I personally think this melt cycle will change the grading standards. I guess I am not alone when it cost's me a Hundred Bucks to buy a 1887, MS-64 Morgan.

tcmitssr

I agree with whoever said but type set keys, not semi-keys but THE KEYS!

Bullion is good right now but sometime it will come down. Yesterday's WSJ online reported a MAJOR sell order had been placed already for December that would impact the market although to what degree, unknown. That could be short-term or long-term.

At some point, each of us with bullion will have to decide to stay or play. I have a number in mind for myself that when it hits, and it will, I'll sell and buy THE KEYS in as many type sets as possible, in the best grades possible, with the help of the dealer I regard as the most honest and best eye in the business.

ANACONDA

I would put my money into truly rare coins that you have studied and are confident about your choices and pricing ranges.

Put a collection together and do not avoid the tougher coins...those are the real winners....

Bayard1908

The price of ammunition will go up on May 1st by 5% to 15%.

FullCameo

commodites are hot.

PerryHall

<< <i>The price of ammunition will go up on May 1st by 5% to 15%. >>



Why is that going to happen?

keets

Sell Silver today, Invest $$$ Where?

heavily frosted 1950's Proof issues, attractively toned Proof Jefferson Nickels and Eisenhower Dollars. these aren't the easiest items to find but they are ignored by the masses.

joecopper

Bullion would be my choice right now.