How much silver/gold do you have?

What difference does it make as to how much you have. Collecting is about finding. Nice coins or currency, or whatever you collect is enjoying the hunt and completion of the sets or whatever you collect.
Now, if you have acquired coins of silver or gold that you consider not acceptable for collecting, then sell them for scrap, if it the best way to get rid of them, then use the money to invest in the ones that you are looking for. Good hunting. I do not know how much silver or gold was today. Have fun. -O) OK, I was looking at just the post and was just responding.

 

Log in or Sign up to hide this ad.

You're in the bullion section, boss.

Quantity is everything.

 

+1
quality and quantity is what bullion is all about

 

You really want to know? Atleast six figures worth. Most of it is tied up in U.S. Junk Silver. I have spent years roll seaching and pulling silver coins from circulation. I have several boxes filled with coins that weigh over 50lbs each, do the math. I've bought some bullion coins over the years but I won't buy at these prices. I'll continue to slowy add to my stash from circulation.

 

Gunsafes were meant to keep your firearms away from unwanted family . They are not made like a safe with hardened steel and thick walls . A good thief could drill and peel your safe in about 15 minutes with a few basic tools . To be relly safe invest in a heavy valuables safe designed to keep burglars out . A gun safe is better than nothing , but will only protect you from your run of the mill crack addict not from someone who knows you have coins or PMs .
Rusty

 

Not enough . lol
Rusty

 

You ARE a master roll searcher.

 

I would guess that those who have collected fpr many years are likely to have a significant amout of gold and silver coins. I never saw the point in having a safe that could be moved, no matter how heavy it was. Installing one permanently in steel re-inforced concrete makes sense. But valuable items should be kept on a vault. IMHO

 

Howdy,

I'm curious about this same question but would like permission to change the way it's asked.

QUESTION:

What percentage of your wealth is in gold and silver in one form or another? No dollar amounts - just percentages.
For example, many financial advisors are now suggesting 3-5%.

We've got about 15% now and I'm working on increading that percentage. What is most sweet, is that the market is helping the process.

Several years back I read a quote from the elder Baron Rothschild that in order to be most prepared for whatever might happen, you should have 1/3 of your wealth in securities, 1/3 in real estate, and 1/3 in rare art. Please note that he said Wealth and you can substitute whatever for 'rare art'. When I first read this I sat down and ran the numbers for wifey and I and it was 90/8/2. I was ill. I've got it moved to 60/25/15 and hope to improve it further. I'm not worried about reaching 33/33/33 as much as knowing that it's a good guide star for this sort of strategic planning.

Just some ramblings while watching Butler and the Huskies.

peace,

rono

 

I feel more comfortable with this question using percentages as well. =) When I dove into PM's I allocated 1/3 of my savings, just seemed like a good number and I'm glad to see it reinforced. I collect mostly silver bullion and coins.

 

Well as long as some want to answer, please include:
vacation plans - dates away from home, please take the kids with you...
Home address
Mother's maiden name
social security number

This is a belated April Fool's joke isn't it?

 

There are gunsafes made with heaver / hardened steel; though most people do not see them. In my case I did wuite a bit of searching and found that I could buy a gunsafe that is quite safe (I cannot recall all of the stats) and build to prevent the average theif from breaking in. However, most people think of the gunsafes available at your local "Mart". These are generally about as good as a roll of alluminum foil IMO - I would take your statement further and say that the average 5 yearold could crack them in 15 min with a few basic tools. The reason I opted for the gunsafe rather than the conventional was because of cost; there was ~200 differnece because of the interior layout (more shleves, etc...) on the non-gunsafe layout. So, I took the gunsafe, spent $20 on some materials for addiotnal shelves and spent another 180 on coins

 

Gone - I am gone more often that I should be, but less often than I would like.
Home address - 1313 Flicka-Flacka Lane, Winchestertonsfieldville, IA
Mothers maiden name - Glock, Winchester, etc... take your pic
SSN - 190-09-SVDB

 

Hey SWThirteen: Oregon boy huh? Me too. I'm about 45 minutes north of you in Corvallis. As far as gold and silver, I don't have enough. I think no matter how much I had, it wouldn't be enough. LOL. My favorite things I have are a 2009 UHR Double Eagle with box and book and a complete set of Australian Kookaburras toned. Those 2 items are the "Crown Jewels" of my collection. I visit Eugene about once a month and stop by the coin shop there on Willamette Street and pick up a few things. Might see you there sometime!

 

Not enough. Of course, "enough" is never "enough"

Some at home, some in safe deposit boxes in a couple of different banks, some elsewhere.

 

Interesting question. I got curious so I ran some numbers.

SECURITIES = I counted securities to mean any type of "paper" investment. Stock/bonds/ETF/CDs/Funds/checking-savings.
Real Estate = my house.
RARE ART = I counted "coins" as bullion plus rare coins. I'm currently at about a 50/50 split within that category. Some of my bullion is actually also a rare coin and might someday outperform the PM value. I should add I'm still in the collection for fun vs. investment camp but as my tastes change i'm calling it an investment more all the time.


So I'm at 68/28/4.
However if I exclude retirement and my house and focus on strictly taxable-savings I'm at 89/11.

Not really sure what this all means. Interesting exercise nonetheless. I would think to be useful you would want to determine how much of any mutual funds value might be in commodities and in Precious Metals in particular.

 

Quite possible we will see eachother. Too bad we will never know it is us.

 

How about trying to flip the safe on its back after adding rods. Then make a box form, and pour cement around it. Leave the door area clean. (Even if the concrete came up only 8 inches, I think that would hold it). It wouldn't prevent a .45 cal. being held to your noggin while you are asked to open it by a bad guy or bad gal.

I think about all this often. My family has been the safe business. They have heard a lot of sad stories. The best medicine, is leaving the safe open for viewing, and empty most of the time. Most of our home safes have held payroll records and such while we slept, not coins. Personally, I am considering a shovel and a map for my coins.

 

HAHA! That's a pretty good idea.

 

Would you clarify please. (BTW, some experts suggest 5-15 percent in bullion assets - other practice 80-100% metals.)


Are you expressing roughly, 90% traditional retirment, ie. stocks and mutual funds; and about 10-11 percent coins related? Or are you meaning 89 percent art and coin, and 10 percent mutual funds and such????