Buying World Silver!

[Bisquitlips]

I purchased approximately 170K in US 90% silver today. Is anyone else doing this? Lots of US 90% silver in the safe.

My thinking is that if the world's economy collapses, at least we will have some meaningful coins worth trading for tangibles.

[Lion]

In bad economic times I feel it's a smart move to own precious metals such as silver and gold. I'm a coin collector so having 1 oz. silver bullion or 90% silver coins is a good hedge against the declining markets. Actually owning the physical silver is also preferable to owning paper. It's liquid and can be sold very easily to a coin dealer or wholesaler.
But your best investment is in owning rare coins whose value is not tied to it's precious metal content!!!

[Art 1]

I purchased a bunch years ago and am thinking of doing so again.

[Bisquitlips]

I can't imagine a better trade than 90% US silver right now.

But I am open to opinions.

[Bisquitlips]

Originally Posted by Art 1

I purchased a bunch years ago and am thinking of doing so again.

Better to do so now.

I have found purchasing 90% US silver very difficult. It all seems to be drying up!

I have a standing order at my local coin shop to purchase 50K per week for the next 8 weeks. But my dealer says that is next to impossible.

I suppose it is all bought up.

A sign of the times I suppose.

[Art 1]

Originally Posted by Lion

In bad economic times I feel it's a smart move to own precious metals such as silver and gold. I'm a coin collector so having 1 oz. silver bullion or 90% silver coins is a good hedge against the declining markets. Actually owning the physical silver is also preferable to owning paper. It's liquid and can be sold very easily to a coin dealer or wholesaler.
But your best investment is in owning rare coins whose value is not tied to it's precious metal content!!!

I tried rare coins but never had much luck, they must be very very rare and purchased for a bargain I have found. Of course the best way is to inherit some old coins. It's very hard anymore to buy rare coins and resell them for a profit. IMO.

[Bisquitlips]

Originally Posted by Art 1

I tried rare coins but never had much luck, they must be very very rare and purchased for a bargain I have found. Of course the best way is to inherit some old coins. It's very hard anymore to buy rare coins and resell them for a profit. IMO.

My opinion is to purchase US 90% silver if at all possible. In the last 5 weeks this has become very difficult!

3 years ago, I could acquire as much US 90% silver as I wanted. Just today I was told that this is not possible. I have to take it as it comes.

Somebody somewhere must have it.

Anyway, acquiring this type of silver is just next to impossible.

I wish you all luck!

[Art 1]

Originally Posted by Bisquitlips

My opinion is to purchase US 90% silver if at all possible. In the last 5 weeks this has become very difficult!

3 years ago, I could acquire as much US 90% silver as I wanted. Just today I was told that this is not possible. I have to take it as it comes.

Somebody somewhere must have it.

Anyway, acquiring this type of silver is just next to impossible.

I wish you all luck!

I have not bought any in awhile, when I was it was very easy to find and cheap. Got lots of quality Franklins in fact that the dealer didn't want to bother to sort out. I need to go check it out and see what I can find. So much had been melted I guess.

[Lion]

Rare coins is a long term investment. You can not buy today and expect to sell it in 3 months or 6 months. You would need to hold on to the coins for 1-3 years and then profits can be made. You have to do some research and know what you are doing and buy the right types of coins. Or find the right person to assist you in investing in quality coins. The profits that can be made far out strips any money made from bullion. Rare coins do not cycle the same as bullion coins and each coin series cycles differently!!!

[bodybump]

i cant afford silver Richard..ill just settle for stainless steel...

[MrRetep]

This sounds like it would be a good long term inestment. Any idea as to where i could purchase some precious metals?

[Art 1]

Originally Posted by MrRetep

This sounds like it would be a good long term inestment. Any idea as to where i could purchase some precious metals?

Coin shops.

[Bisquitlips]

Originally Posted by MrRetep

This sounds like it would be a good long term inestment. Any idea as to where i could purchase some precious metals?

I have about 15 coin shops that I bought from this week. Every one of them are completely dry of 90% silver US coins.

In my 35 years of collecting, I have never seen the market so dry of 90% US. Get it while you can.

[2careless]

We've bought a couple 5 ounce gold bars from Perth Mint since Xmas. That's the only investment that has held value at the moment...