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90% silver vs 1oz 999

pocketpiececommemspocketpiececommems Posts: 5,866 ✭✭✭✭✭
in Precious Metals
Which would be the better investment in the long run? 90% silver @ $14 or 1oz silver 999 @ $18.
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Comments

  • derrybderryb Posts: 36,824 ✭✭✭✭✭


    << <i>90% silver @ $14 >>


    are you talking about one ounce of 90% silver at $14?

    Spot price (silver content or melt) for one ounce of 90% is currently $15.17

    If you can buy 90% at spot/melt or less then it is the better buy.

    "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

  • rawteam1rawteam1 Posts: 2,472 ✭✭✭


    << <i>Which would be the better investment in the long run? 90% silver @ $14 or 1oz silver 999 @ $18. >>


    Obviously 90% @ $14... but obviously .999 if your 90% is 14x face...
    keceph `anah
  • pocketpiececommemspocketpiececommems Posts: 5,866 ✭✭✭✭✭
    The 90% silver is $14 X face.
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    Lafayette Grading Set
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