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Gold-Silver-Split
blaircountycoin
Posts: 280 ✭✭✭
I am sure somebody, sometime, somewhere posed this question to Masters of knowledge, or as it is also known , Coin Forum. My wife and I are receiving what we call a sizable income tax return. Total dollars to spend, and would like a mixture go gold bullion, .9999 silver bullion, or 90% silver coin. Those are the facts, load me up, and give me some good feedback. Thanks, Ed
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@blaircountycoin
You may get more responses on the Precious Metals forum here
https://forums.collectors.com/categories/precious-metals
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
Hi ya Ed!
jmlanzaf pretty much summed it up for you very well. It’s a great place to park some EXTRA money for portfolio diversification. Put yourself in a position that you can sell it when you want to, not when you need to. As a hedge...I think it’s a good play. As an investment....not for those with a weak stomach.
How much money are you planning to invest in PM's? Several thousand in silver can become quite heavy and bulky. AGE's are far less bulky and far more portable if you ever have to transport your PM's.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Forget about "investment" advice you receive from online forums. Such advice is worth what you pay for it ... nothing.
Silver right now is carrying heavy premiums. Right now I'd just get gold, AGEs/buffalos/Maples - whatever has the lowest premiums.
Thank you for the free advice.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I will tell you how to minimize transaction costs.
Look at the spreads between buy and sell from the same dealer to determine which items have the lowest transaction cost, as if you are going to buy, then sell immediately. American eagles, maple leafs and krugerrands are traded more "closely" than sovereigns or 20 Franc coins, so will have a lower transaction cost.
Then look at the markups and prices between dealers. The good ones will work on a 3-5% spread for popular items but other dealers may want 5-10% to trade the same items. Stick with dealers who specialize in bullion to find the lowest spreads.
Hope that you find this specific information useful.
this is definitely the question to ask on the precious metals forum
a great deal on ebay for silver eagles used to be $2.50 over
now you can't find them for less than 11 over.
this is a bad time to buy silver. if you really want silver get a brokerage account and buy PSLV or SLV. we have one member over there on the PM forum that says to only buy PSLV. since I have neither ask the forumite over there why PSLV instead of SLV.
gold has higher premiums, too, but not as bad. if you buy gold buy your country - usa get god eagles and gold buffalo - canada get maple leafs - so forth
no gold bars, no 100 ounce silver bars, and if you do 90% pay as little premium to melt as possible
here is the melt value list of 90%, 40% and war nickels - https://www.coinflation.com/silver_coin_values.html
stick to just 90%
Thanks for all of the advice. Well maybe 90%. It is very much appreciated.
I recommend U.S. gold coin... the larger coins have the least premium. Stay away from numismatic values and stack bullion. Cheers, RickO
If you are looking for silver, and you’re willing to shop around, and you avoid things like slick SLQs or cull Morgans (perhaps a reflection of my bias), I think you won’t go wrong with 90 %.
not a bias
avoiding slicks and culls in the 90% area is a must.
also, no need to pay the higher premium on the $1 sized
name some market makers