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re: Is silver bullion a good investment?
Posted on 2/18/21 at 12:52 pm to SouthsideMike
Posted on 2/18/21 at 12:52 pm to SouthsideMike
quote:
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.
Exactly. This is very important when considering physical silver or gold or whatever. I've been buying specifically BU Eagles for years in bulk since around 2009. The "spread" - price between spot and buy price is now over $12 on most online sites. That's a huge vig to make back over time. the sell prices (price they online store would give you) is about $1-$2 over spot which is also high relative to some recent years where I paid just $5 over spot.
Before I sold back to online dealers I would try to find a private buyer who would buy for, let's say, a 10% discount vs the published Provident or another reputable online deals sell price. Kinda of you two meeting in the middle. the buyer saves $ and you get more $. Sometimes a local coin or pawn shop will broker the deal for a few bucks and everyone still comes out ahead. But, in these cases, we're not talking about buying/selling 20-50 coins, it would be in the 200+ range to make it worth everyone's time.
1
Posted on 2/18/21 at 12:57 pm to FredsGotSlacks
quote:
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.
So holding an assett that is worth less now than a decade ago is the Value?
Let me put it to you this away, Gold and Silver offer a very SHITTY return rate compared to both the stock market and especially against crypto. Why would you waste money on something on average offers a shitty return that is not much more than inflation? its stupid especially considering its a physical asset that is heavy AF.
Posted on 2/18/21 at 1:42 pm to lsu777
quote:
So holding an assett that is worth less now than a decade ago is the Value?
Let me put it to you this away, Gold and Silver offer a very SHITTY return rate compared to both the stock market and especially against crypto. Why would you waste money on something on average offers a shitty return that is not much more than inflation? its stupid especially considering its a physical asset that is heavy AF.
Do you have ammo? Silver is way easier to store than ammo and I have plenty of both. And yes I prefer to buy things at the low point and sell at the high point, I think that’s extremely good value. I am not really buying up a ton of physical right now because with the premiums it’s in the mid-30s. I am however still buying PSLV because they can source silver near spot price.
Posted on 2/18/21 at 2:06 pm to FredsGotSlacks
quote:
Do you have ammo? Silver is way easier to store than ammo and I have plenty of both
ummm no I dont collect ammo as a store of value. Like i said I prefer to actually get a good return on my investment. not have a 18% drop over the last decade.
Have fun with that, I think i made my point.
Posted on 2/18/21 at 2:10 pm to FredsGotSlacks
quote:
yes I prefer to buy things at the low point and sell at the high point,
I prefer making more money in return for my investments. I find stocks/real estate/crypto have all done better than silver or gold over just about any lengthy period of time.
Posted on 2/18/21 at 2:56 pm to lsu777
quote:
ummm no I dont collect ammo as a store of value. Like i said I prefer to actually get a good return on my investment. not have a 18% drop over the last decade.
Can’t say that I do either. I believe that I have more than enough ammo to do me, but I can’t say that I’ve ever taken inventory and calculated its current value. Outside of a firearms dealer, who would do that? Generally speaking, consumables are not considered to be investments.
Posted on 2/18/21 at 3:31 pm to lsu777
quote:
ummm no I dont collect ammo as a store of value. Like i said I prefer to actually get a good return on my investment. not have a 18% drop over the last decade.
Have fun with that, I think i made my point.
Maybe I wasn’t clear with the point I was trying to make which is silver isn’t difficult to store, if you store ammo than you can easily store silver. If you don’t like silver as a store of value I won’t argue with you because it’s been a frustrating market but I think it has a ton of upside in the short and long term.
I also hold bitcoin, alt coins and some equities but I think PMs, particularly silver, is a good place to park some money if you’re worried about the future of the economy and the dollar.
Posted on 2/19/21 at 6:23 pm to Fat Bastard
quote:
it looks like silver might be a good investment.
yeah better than real estate and cash flowing businesses and stocks!
Yep, and some of us have all the above! LOL
Posted on 2/20/21 at 8:21 am to MeTarzanYouInsane
I’ll sell you a 100 ounces of apmex rounds at market price
Posted on 2/21/21 at 6:55 am to lsu777
Ummm you’re crazy if you think ammo devalued. Try $43 a box of 1000 primers selling for $200 +/-20. And once law passes to regulate sales? Increase to $1000 for said box
Posted on 2/21/21 at 8:03 am to wizard1183
you collect ammo as a store of value?
Posted on 2/21/21 at 9:23 am to FredsGotSlacks
Long PSLV and AG.
Posted on 2/24/21 at 9:38 pm to Crawdaddy
quote:
I’ll sell you a 100 ounces of apmex rounds at market price
Do you mean at silver spot price? I would do that any day of the week regardless of my feelings about the speculation of future pricing of gold or silver. Over the course of time if you are able to purchase any precious metal in coin or round certified form at spot - you do it and you will come out ahead
Posted on 2/24/21 at 11:26 pm to Vols&Shaft83
So question.
If you think a major crash is coming in the next year or inflation was going to spike soon. Would gold and silver ETFs be a wise purchase? And you are very close to retirement.
Asking for someone else.
If you think a major crash is coming in the next year or inflation was going to spike soon. Would gold and silver ETFs be a wise purchase? And you are very close to retirement.
Asking for someone else.
Posted on 2/25/21 at 12:09 am to rocket31
quote:
you collect ammo as a store of value?
I started a year before Sandy hook and am probably averaged at
.19 for 5.56 @ 15k rounds
.27 for 7.62x51 @ 4K rounds
.13 for 7.62x39 @ 22k rounds
.9 for 5N9 @ 16k
.1 for 9mm @ 17k
It will never be for sale unless it’s a barter but it’s actually turned out to be a great investment. Only sales I ever made were right after sandy hook and I was pulling 7X what I paid for 5.56 and selling pmags for $60 each.
This post was edited on 2/25/21 at 12:12 am
Posted on 2/25/21 at 10:19 am to SkinnyTestaverde
So you are the reason there is a 2 box max.
Posted on 2/25/21 at 10:25 am to SkinnyTestaverde
quote:Investments are only realized upon sale. But you’ve seen some good “paper gains” sure.
but it’s actually turned out to be a great investment
Posted on 2/25/21 at 10:58 am to tigersint
Buy you a silver plated pistol. Only silver you need.
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