As with any investment, you want to use money that you do not need right away because the appreciation may not happen immediately.
Yes, I have bought silver 1 oz coins for $30. Lots of them. I have also bought much much lower too. It is not a loss unless I sell it for a loss. Meanwhile, one just hangs on to their supply. Silver will always go up and it will always go down.
I have been living a life of austerity for the past few months, especially, only buying the bare minimum to survive because I wanted to invest in various silver coins. They are nicer to look at compared to stocks (not that there is anything wrong with it if you know what you are doing) when one is bored, for example.
Here is a list of reasons why silver is nice in good and bad cycles:
1. It will always go up if you wait long enough.
2. It is nicer to look at than a savings account, stock purchases, derivatives, etc.
3. It teaches history as the motive on every silver round or coin has a lot of symbolic information. Very educational!
4. They are a conversation piece with friends, family and especially children. Very educational for children as they learn about countries, presidents, geography, history, kings, etc.
5. They can always be used as gifts! Someone's graduation? A one ounce silver coin was always the appropriate gift!! Birthdays too. Any occasion, really.
6. It is anti-bacterial. During SHTF times, you can disinfect water by dropping silver in it.
I do have a lot of money tied up in silver compared to what I make in my job, but I figured that I have a lot of events coming up in which I needed to buy a gift anyway. I won't be buying gifts now, I will just use my silver. Already bought and available. I have saved a lot of time by having these gifts ready to go in the months or years ahead.
If you still feel sore about overspending on silver, then live a life of austerity for a month, only buying the bare minimum to sustain you (no starbucks, no excessive driving, no salmon, no restaurants, etc). Spend more time with family or friends to get your mind off things and to avoid spending further money and you will be fine. If you liked it, then do it again a little later in the year. It gets to be fun after awhile. You be surprised what life has to offer even when you do not have a lot of discretionary spending.
"So many of our DREAMS at first seem impossible, then they seem improbable, and then, when we SUMMON THE WILL they soon become INEVITABLE "- Christopher Reeve
"German Ghost" you listed some great excuses to buy silver and in the process to either gain in the long run or loose money in the short run. I could say the same thing about any masterpiece of art except for #6.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Glad you liked my list! I just wanted to reveal to people another way of looking at things. By the way, we do not lose money in the short unless we sell the silver for less than we bought it. That is key.
I am thinking to slow down some purchases. The prices will stay this way for some time. taking a break might be in good order now. I had initially thought that silver could go up soon, but now there can't be any real action till the end of the year.
Do you think the FED was talking about tapering just to see how the markets react? Sometimes that is done, the psychological game. The stock market reacted by going down every time the FED threatens tapering during a FOMC meeting. Its strange that stocks and PM go down the same time. That is very irregular.
There is no tapering now. There won't be tapering soon. Even if there is tapering, it is still printing money, just not as much. There is a lot of money in the system already, the consequences will be inflation, not now but in the future that is far away now, but not too far. We are in for a roller coaster. There will be a reaction to all this QE down the road. Just my opinion.
"So many of our DREAMS at first seem impossible, then they seem improbable, and then, when we SUMMON THE WILL they soon become INEVITABLE "- Christopher Reeve
Actually, stocks can be quite attractive to look at too. You can always get 1 share of a stock that you own in a brokerage account transfered directly to you. Then you have the corporation send you the paper instrument for the share. Many of the stocks have quite nice engraving on their paper instruments. The only hassle then is that you will have separate paperwork for that one share if it produces dividends during the given tax year.
<< <i>Actually, stocks can be quite attractive to look at too. You can always get 1 share of a stock that you own in a brokerage account transfered directly to you. Then you have the corporation send you the paper instrument for the share. Many of the stocks have quite nice engraving on their paper instruments. The only hassle then is that you will have separate paperwork for that one share if it produces dividends during the given tax year. >>
I like the way you think. What would the world be without art?
near bottom if not there. Summer rally then sideways to down remainder of year unless we see a currency crisis.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Comments
Yes, I have bought silver 1 oz coins for $30. Lots of them. I have also bought much much lower too. It is not a loss unless I sell it for a loss. Meanwhile, one just hangs on to their supply. Silver will always go up and it will always go down.
I have been living a life of austerity for the past few months, especially, only buying the bare minimum to survive because I wanted to invest in various silver coins. They are nicer to look at compared to stocks (not that there is anything wrong with it if you know what you are doing) when one is bored, for example.
Here is a list of reasons why silver is nice in good and bad cycles:
1. It will always go up if you wait long enough.
2. It is nicer to look at than a savings account, stock purchases, derivatives, etc.
3. It teaches history as the motive on every silver round or coin has a lot of symbolic information. Very educational!
4. They are a conversation piece with friends, family and especially children. Very educational for children as they learn about countries, presidents, geography, history, kings, etc.
5. They can always be used as gifts! Someone's graduation? A one ounce silver coin was always the appropriate gift!! Birthdays too. Any occasion, really.
6. It is anti-bacterial. During SHTF times, you can disinfect water by dropping silver in it.
I do have a lot of money tied up in silver compared to what I make in my job, but I figured that I have a lot of events coming up in which I needed to buy a gift anyway. I won't be buying gifts now, I will just use my silver. Already bought and available. I have saved a lot of time by having these gifts ready to go in the months or years ahead.
If you still feel sore about overspending on silver, then live a life of austerity for a month, only buying the bare minimum to sustain you (no starbucks, no excessive driving, no salmon, no restaurants, etc). Spend more time with family or friends to get your mind off things and to avoid spending further money and you will be fine. If you liked it, then do it again a little later in the year. It gets to be fun after awhile. You be surprised what life has to offer even when you do not have a lot of discretionary spending.
BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
Glad you liked my list! I just wanted to reveal to people another way of looking at things. By the way, we do not lose money in the short unless we sell the silver for less than we bought it. That is key.
I am thinking to slow down some purchases. The prices will stay this way for some time. taking a break might be in good order now. I had initially thought that silver could go up soon, but now there can't be any real action till the end of the year.
Do you think the FED was talking about tapering just to see how the markets react? Sometimes that is done, the psychological game. The stock market reacted by going down every time the FED threatens tapering during a FOMC meeting. Its strange that stocks and PM go down the same time. That is very irregular.
There is no tapering now. There won't be tapering soon. Even if there is tapering, it is still printing money, just not as much. There is a lot of money in the system already, the consequences will be inflation, not now but in the future that is far away now, but not too far. We are in for a roller coaster. There will be a reaction to all this QE down the road. Just my opinion.
BST: Tennessebanker, Downtown1974, LarkinCollector, nendee
I love that song rock bottom
U.S. Type Set
<< <i>Actually, stocks can be quite attractive to look at too. You can always get 1 share of a stock that you own in a brokerage account transfered directly to you. Then you have the corporation send you the paper instrument for the share. Many of the stocks have quite nice engraving on their paper instruments. The only hassle then is that you will have separate paperwork for that one share if it produces dividends during the given tax year. >>
I like the way you think. What would the world be without art?
<< <i>
I like the way you think. What would the world be without art?
I fully endorse this quote and give it my foot-of-approval.
<< <i>Vintage Miami Dolphins sneaker ? >>
Ha, no. They are crazy dolphins colors though. I had them made through that customize shop on the adidas site a couple months ago.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey