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Is silver bullion a good investment?
Posted on 2/16/21 at 10:29 pm
Posted on 2/16/21 at 10:29 pm
Thinking about buying just a bit of silver and gold each paycheck. Whats the board’s opinion on this as a hedge against inflation?
This post was edited on 2/16/21 at 10:34 pm
9
Posted on 2/16/21 at 10:34 pm to tigersint
Doesn’t seem like a good hedge to me. It’s roughly worth the same amount of USD today that it was 10 years ago...this after spending the last decade worth even less.
Posted on 2/16/21 at 10:36 pm to tigersint
You taking physical possession?
I buy silver but know it is flawed not sure market I will sell it in
I buy silver but know it is flawed not sure market I will sell it in
Posted on 2/16/21 at 10:39 pm to tigersint
sounds idiotic so this board will prob recommend it
Posted on 2/16/21 at 10:41 pm to tigersint
I bought silver bullion at $11/oz back in 2007. Look at the price of silver between now and then and think about that for a while.
I often wonder how my life would be had I threw those grands into Amazon or Bitcoin instead.
I often wonder how my life would be had I threw those grands into Amazon or Bitcoin instead.
Posted on 2/16/21 at 10:42 pm to tigersint
It's a shite investment, and it's a shite hedge against inflation.
Posted on 2/16/21 at 11:34 pm to Vols&Shaft83
I accumulated a couple hundred ounces in 2018 when the prices were mostly between 16.50-14.00. I wanted to get my average below $15 and got it down to 14.90.
I’ve considered selling most of it recently and probably will soon. The price is around 27.50 now and the online dealers will give you full melt value. If you purchase precious metals now, there’s a pretty high premium on what you buy.
I’ve considered selling most of it recently and probably will soon. The price is around 27.50 now and the online dealers will give you full melt value. If you purchase precious metals now, there’s a pretty high premium on what you buy.
Posted on 2/17/21 at 5:44 am to Vols&Shaft83
100% agreement. Look at the amount of silver mined thus far and tell me this crap is going to the moon? THis isnt BTC were talking about lol. Hell! Platinum is rarer than gold and valued less. Silver...sell it all and invest in the AT's Big 4 and youll have a much better chance
Posted on 2/17/21 at 7:08 am to SouthsideMike
quote:
online dealers will give you full melt value. If
The coin/rounds I bought should I expect to get spot rate?
Do they melt those? Or do they have value over melt
Posted on 2/17/21 at 7:25 am to thelawnwranglers
circulated bars and rounds resale for slightly less than newly poured/minted bullion. Brokers sell it discounted rates. One year ago you could buy all the circulated bullion you wanted for $0.29/over spot price. That's a good deal. Same items today sell for $4.00/over spot ... not a good deal.
As I stated in previous thread, I believe we see $25 spot before we see $30 spot, .... but once it finishes bottoming, I expect silver to run north of $40./spot within 12 months. Gold bootom could be bottoming in April-May .... and silver usually travels with gold.
I'm a firm believer that any good diversified portfolio should have hard assets in it as a fundamental commitment.
One of those hard assets should be precious metals .... preferably physical metals if you have a safe place to store it. It removes all counterparty risk in doing so.
There are better pure-play investments than silver, no doubt. But don't let anybody kid you .... it is absolutely a valuable hedge against inflation ... just like all hard assets. Anyone tells you different? .... just ignore such nonsense.
As I stated in previous thread, I believe we see $25 spot before we see $30 spot, .... but once it finishes bottoming, I expect silver to run north of $40./spot within 12 months. Gold bootom could be bottoming in April-May .... and silver usually travels with gold.
I'm a firm believer that any good diversified portfolio should have hard assets in it as a fundamental commitment.
One of those hard assets should be precious metals .... preferably physical metals if you have a safe place to store it. It removes all counterparty risk in doing so.
There are better pure-play investments than silver, no doubt. But don't let anybody kid you .... it is absolutely a valuable hedge against inflation ... just like all hard assets. Anyone tells you different? .... just ignore such nonsense.
Posted on 2/17/21 at 10:55 am to thelawnwranglers
J M Bullion is paying .10 over spot for regular 1 ounce rounds in varied condition. You can check their buy prices on a lot of coins, rounds and bars on multiple online sites. In normal circumstances, you wouldn’t get full spot price when selling.
They won’t melt the rounds, they’ll just resale them. Physical silver is at a shortage right now and people are paying a premium for it.
They won’t melt the rounds, they’ll just resale them. Physical silver is at a shortage right now and people are paying a premium for it.
Posted on 2/17/21 at 11:10 am to cadillacattack
My average cost is under $20/oz. My preference is Morgan/Peace Silver dollars (they arent making anymore) and Silver Eagles.
Posted on 2/17/21 at 12:29 pm to Vols&Shaft83
quote:
It's a shite investment, and it's a shite hedge against inflation.
i guess he knows nothing about ETFs or futures contracts or mining stocks. i'd do all those before taking possession.
This post was edited on 2/17/21 at 12:31 pm
Posted on 2/17/21 at 3:18 pm to tigersint
I would say no in general, but there is a place for some precious metals holdings in an overall wealth portfolio if you want to spread your wealth across different asset classes. The operative word being some. No way should it be a major component.
The price of an oz of silver isn't much and if you are holding it directly it presents storage issues. Probably better off with gold.
The price of an oz of silver isn't much and if you are holding it directly it presents storage issues. Probably better off with gold.
Posted on 2/17/21 at 6:23 pm to SloaneRanger
I prefer it as a way to pass on wealth to the next generation.... in the meantime m it serves its purpose ...
Posted on 2/17/21 at 10:23 pm to tigersint
Based on some of the comments in this thread, it looks like silver might be a good investment. 
Posted on 2/18/21 at 8:23 am to goodgrin
quote:
it looks like silver might be a good investment.
yeah better than real estate and cash flowing businesses and stocks!
Posted on 2/18/21 at 10:56 am to tigersint
quote:
Thinking about buying just a bit of silver and gold each paycheck. Whats the board’s opinion on this as a hedge against inflation?
Sounds like some shite the old guys I work with would say.
Look at the price of gold and specifically silver and make an arguement on why that is a good idea to do that over putting it in crypto.
Please tell what part of the last decade that would be a good idea.
Now do the same vs the stock market, please show me a time that gold and silver have had better returns over a decade or more.
And wtf you gonna do, run off to market and sell it when gets high? you realize the pawn shops arent paying spot price....right? Its not 1975 anymore, inflation sucks so put it in some form of investment that not only has covered any inflation but made money on top of that.
Posted on 2/18/21 at 12:31 pm to lsu777
btw you do realize silver is worth less than it was a decade ago right?
Posted on 2/18/21 at 12:49 pm to lsu777
quote:
btw you do realize silver is worth less than it was a decade ago right?
You realize this is the value, right? Silver is more important than ever as both a commercial material and as a store of value while at the same time we are producing less of it every year globally. It will eventually runaway, it’s not a matter of if but when.
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