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re: Physical silver
Posted on 11/30/14 at 6:18 pm to bayoubengals88
Posted on 11/30/14 at 6:18 pm to bayoubengals88
Where is the best place to buy some silver and in what form (coins, bars, etc)?
1
Posted on 11/30/14 at 6:31 pm to LSUSUPERSTAR
APMEX, JM Bullion, Kitco, Provident Metals, Ebay sometimes has deals, local dealer
Silver Eagles: most expensive, but easiest to sell.
Canadian Maple Leaf: less expensive, but often have a "milk stain."
I don't know much about bars. Are they cheaper to buy/harder to sell? Anyone?
Silver Eagles: most expensive, but easiest to sell.
Canadian Maple Leaf: less expensive, but often have a "milk stain."
I don't know much about bars. Are they cheaper to buy/harder to sell? Anyone?
This post was edited on 11/30/14 at 6:35 pm
Posted on 11/30/14 at 6:38 pm to bayoubengals88
Bookmarking this
Posted on 11/30/14 at 6:41 pm to Iowa Golfer
quote:
I'll beleive $15 silver when I see it.
It's at $14.71. Do you believe now?
Posted on 11/30/14 at 7:32 pm to bayoubengals88
Thx. I'll be requesting silver if someone asks what I want for Christmas.
This post was edited on 11/30/14 at 8:05 pm
Posted on 11/30/14 at 7:46 pm to LSUSUPERSTAR
Me too. I don't like it as an investment...I just like it 
Posted on 11/30/14 at 11:01 pm to bayoubengals88
quote:
I don't know much about bars. Are they cheaper to buy/harder to sell? Anyone?
Bars will carry less of a premium over spot to buy/sell, they may require an assay however if/when sold. Some mints are stamping serial numbers in bars these days which could help with this.
Posted on 12/1/14 at 12:09 am to bayoubengals88
I am reading that silver is headed for $12/oz.
Bought a little last week but I am still in a 'hold' position on silver.
Bought a little last week but I am still in a 'hold' position on silver.
Posted on 12/1/14 at 5:53 am to Reubaltaich
I didn't see spot silver ever get below $15? Was actual silver below $15 on the 30th, or the paper etf stuff?
Posted on 12/1/14 at 6:21 am to Iowa Golfer
No, I'm not talking about SLV though it dipped too.
Spot silver got as low as the $14.50s yesterday.
At the same time, gold dropped $40 and crude fell to ~$64.30
Spot silver got as low as the $14.50s yesterday.
At the same time, gold dropped $40 and crude fell to ~$64.30
Posted on 12/1/14 at 6:34 am to bayoubengals88
Thanks. Between London and New York open presumably. As a practical matter in the US one wouldn't have been able to take possession until today when it is over $15. Doesn't matter, I think it is probably time to selectively start buying again. I'm not sure we're at bottom, a lot will depend on demand for oil and silver. It's going to be interesting.
Posted on 12/1/14 at 9:35 am to bayoubengals88
SLV up over 5% this morning. I'm shorting it now.
ETA: Done. Shorted at $15.62.
ETA: Done. Shorted at $15.62.
This post was edited on 12/1/14 at 9:41 am
Posted on 12/4/14 at 8:14 am to Iowa Golfer
quote:
As a practical matter in the US one wouldn't have been able to take possession until today when it is over $15.
Uhhhh not exactly, loaded up online at the price when purchased not delivered, just a fyi. Now about to load up on DSLV and see what happens. I am thinking 12.50ish very soon.
Posted on 12/4/14 at 8:16 am to cave canem
quote:For silver spot price?
I am thinking 12.50ish very soon.
Posted on 12/4/14 at 8:29 am to LSURussian
I don't understand why people think silver and gold are good investments
Posted on 12/4/14 at 8:59 am to LSURussian
quote:
For silver spot price?
Yes
Posted on 12/4/14 at 9:05 am to cave canem
quote:Bold prediction but is likely to happen,IMO.
For silver spot price?
Yes
Posted on 12/4/14 at 9:09 am to LSURussian
I say all this as an opinion only and have no special knowledge or information. I also welcome differing opinions. It is looking to me like almost every driver of spot prices that I know off are all going to be working in the same direction very soon. A strengthening dollar, better financial stability, and a need for liquidation by some of the largest holders of precious metals. I believe that the drop in oil prices is going to turn some of the largest buyers of metals into sellers very quickly, starting with some royal families in the middle east and continuing with some very large government liquidations. A lot of this will be gold but the prices tend to track each other pretty predictably. the final price is just a WAG but a 25% reduction in value should be expected.
This post was edited on 12/4/14 at 1:05 pm
Posted on 12/4/14 at 1:13 pm to Thib-a-doe Tiger
quote:
I don't understand why people think silver and gold are good investments
It's not that they are great investments in and of themselves just more a hedge against catastrophe. For example I lost nothing in 2009 because I did not sell any stocks, I did gain by selling metals bought for lets say a 10$ average for 45$ average. When you realize a profit or loss can only occur when a transaction actually takes place it becomes clearer. Metals traditionally act in inverse to the stock market and having something available to liquidate at a high to avoid a loss in a different part of your portfolio is a good thing. I would never recommend anyone get too metal heavy in their holdings. IMHO
Posted on 12/4/14 at 1:18 pm to cave canem
I have a friend who holds nothing but physical silver. I just don't know if that's the best move long turn, but he swears it'll work out. He goes and buys coins every time he gets paid.
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