When buying silver, do you prefer

Steve27 · April 29, 2004 3:57AM

DominusDeus · April 29, 2004 4:10AM

Personally, I'd love to own a few ingots. Too expensive for me to get, unfortunately.

dollardude · April 29, 2004 4:16AM

Although I don't personally recommend buying silver, if I did, it would be 100-ounce bars. The higher the quantity, the lower the per-ounce cost and the lower the transaction cost. Yes, you can also buy junk silver coins for below melt value, but, IMO, this is just too much work. I like to keep things clean and simple.

mercurynut · April 29, 2004 4:22AM

I would either buy a sealed tube of ASEs or go with the 10 oz bars.

paigowjohnny · April 29, 2004 4:43AM

I actually prefer 1oz bars, but they're a little tough to find unless you like those "art bars" (which I don't like)

RR · April 29, 2004 4:58AM

Collect full set of silver eagles, PCGS MS69. Hey, get two, three, four sets, whatever.
Pretty.
Would not take possession of the bullion bars or silver junk bags, however.
Too heavy.
Weight adds up.
Buy into a "pool account" at KITCO.
Easy to trade all the bullion that way and not have to take possession unless you want to.

RR

ddink · April 29, 2004 5:01AM

RR: if buying into a pool account at Kitco, you might as well buy paper silver on COMEX. When push comes to shove, and there isn't enough physical silver to go around, the big dealers, not the little guys, will get their silver first.

RR · April 29, 2004 5:03AM

Good point, ddink.
Although, futures has the time variable.

RR

JadeRareCoin · April 29, 2004 5:07AM

Given that there are so many millions of ounces on paper, I have been amazed lately at how difficult it is to buy 1000 ounces of silver and take physical delivery. We have been buying silver and some dealers just don't have any, or they have odd forms of the stuff, like art bars, or 90% bags, etc. I am trying to buy 3000 ounces today and many places just don't have it on hand.

Stuart · April 29, 2004 5:36AM

Dennis: Interesting observation - -sort of like there may be a shortage of the physical metal on demand, but alot of silver available "on paper" -- sounds like the shorts are currently ruling the scene...

That will change over time...

NoGvmnt · April 29, 2004 6:59AM

A steamer trunk full of 1000 oz ingots.

Jim

MSD61 · April 29, 2004 7:32AM

<< <i>I actually prefer 1oz bars, but they're a little tough to find unless you like those "art bars" (which I don't like) >>

I agree! Some of those 1oz art bars are just plain nasty! I am also sorry to say that some of the silver rounds make me crazy too

Me, I have a nice collection of ASE, Aussie Lunars and world silver coins

When buying silver, do you prefer

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