Buying silver bullion for the big payout?

I often here people talking about buying silver right now while the prices are low. One guy even told me that silver is used for printed circuit boards, used in consumer items from mobile phones to computers. Similarly, silver-based inks produce so-called RFID tags (radio frequency identification) antennas used in hundreds of millions of products to prevent theft and allow easy inventory control. Sure there are various uses for silver but he wasn't telling me anything new as I had already ready read about, like a year or two ago.
My point is, with all these people who think the POS is gonna shoot through the roof. When is this supposed to happen? Personally I said it before and I'll say it again. Silver has a very high potential to skyrocket in price. With that said, there's still plenty of time as the POS will go down even more and when that happens, like down to $18 oz, that's when you want to stock up. Anyone see anything forthcoming I didn't catch? Anyone? Anyone stocking up on those 5oz pucks?

 

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No 'pucks' in this guys future Fret, but I will add the random one ounce piece at times.....

 

These pucks have a really big premium if I can find a good deal ill jump on it!

 

I've been buying Silver coins for a while now, for two reasons. It gives me a reason to collect Morgan and Peace dollars, which are my absolute favorite, and second I really do believe the price of Gold and Silver will rise. Its a precious metal, when everything else falls, that will be the currency. I really wont be surprised if there is another world war and everything collapses. Whose paper dollar is going to be worth anything? Nobody's.

 

I remember it at 3 to 7 dollars an oz. it will go up and down so by low and sell high.

 

Silver hasn't been used in circuit board printing for quite a few years now. Copper is far superior, especially since they perfected barrier protection to safeguard the silicon. Just had to throw that out there.

 

Silver should not ever go below $15 again considering its industrial use. Unlike gold silver rides a different ebb and flow when it comes to value. It will never become gold and since its a by product of copper and nickel mining. It never is as rare as some other metals. The hope is that silver is used for solar products which would raise the value a ton. Think about paladium. Its used in making converters. That's why its worth so much, a more rare metal being used.

 

I have all the collector pucks from the mint. I love the pucks and was buying them when they were $300/each. I like them better at $155. No shipping cost over the past couple of months is even better. I also invested in silver via ETF's at $18.65. I didn't think it would go much lower so I put my toe into the pond. I'm thinking that it will be above $25 by the middle of next year, if not earlier.

 

Buy what you like first and foremost. If it goes up then its even better.

At first I was in a stack mentality but now I realize paper metals manipulate the system way to much

Get a world coin from each mint each year. Definitely the ones that change
Get a proof ASE
The ATB 5 oz coins look great and feel very substantial in the hand. That would be 25 oz each year

If you are worried about collapse then don't mess with generic rounds or bars go with junk silver
You can get some cheap junk silver premium wise on eBay

I was an all for bullion person but its not fun worrying about price
I now think the eye appeal should be the driver

 

I buy some PM just to hold onto a different asset type (spread out asset types) since global financial systems and their currencies seem so manipulated & volatile. I don't really think in terms of any payout with PM. It's just sitting there in ounces looking all pretty. I tend to buy govt. issued bullion that interests me, with premiums that aren't too high (for the most part).

 

Maybe you should let the silver institute know so they can correct their content, see link. The price collectors are paying for pucks is overkill. I remember buying a Yosemite when they first came out, I think they were selling for right around $295 as silver was doing well at the time. As soon as the POS dropped then the puck became a "hot potato" and I couldn't sell it quick enough, barely broke even. Which reminds me, I bought some ASE's for right around $33 bucks each, fortunately I only have 7 or 8 but it's time for me to get creative and work a trade somehow. How about you, have you paid top dollar for a puck or ASE when the POS was much higher and now trying to recoup your initial investment? Argh!!

https://www.silverinstitute.org/site/silver-in-industry/electronic/

 

The P Pucks from the mint have for the most part held their price or risen, even if purchased at higher POS. They have some of the lowest premiums and are truly low mintage coins. IMO, best deal going for PM's.

 

Could be true, I only bought one and that was early on so I don't really know. How about some of you other buyer's of Pucks?

 

I just discussed this with a circuit board engineer yesterday. He said palladium and gold we on the boards, not a trace of silver. He said by cost palladium is the most expensive input, with gold being so thinly applied, (down to three microns) that it is not a huge expense.

 

Actually, the current year issues at 154.95 at the mint aren't as bad as you might expect premium wise....take a look at what the current bullion strike issues are selling at, and it's not as bad as you would expect.

 

This might seem like a contradiction to my last post, but it's really not. The 2010 and 2011 issues were $279, $299 and maybe $319 at issue depending when you bought them and my memory (if not faulty), and the 2011's are not above that by much if at all. The 2010's can also be purchased cheap compared to issue price. That stated, silver was in the $30's to $40 range when they were issued, so there is a relativity to balance into this.

The 2012 issues are another story, there are a couple home runs, and then some that are profitable. You'll need to do some research for yourself to find out which is what...that's most of the fun...educating yourself...just sayin

 

Yeah, they were good enough that I bought the three so far for my second son. I will probably buy the other two for his birth year, as for some reason I LIKE the mount rushmore scene people are complaining about.

 

The first Pucks which sold for around $295 in 2010 are selling for significantly less today. Some sellers are losing mucho dinero. With that said, low mintage doesn't always mean it's a great buy. Here's a great example of buying for cheaper on the secondary market. The Pucks are great looking coins, but I'll stick to the ASE's for now.

http://www.ebay.com/sch/i.html?_trk...=5+ounce+yosemite+coin&_sacat=11116&_from=R40

 

I like that one too. I probably will pick that up. I don't care for the McHenry or Perry's Victory pucks, but I like the other three this year.

 

Silver is the 2nd most useful commodity second only crude oil with over 10,000 industrial applications.

As the most reflective metal, the best conductor of heat, and the best conductor of electricity it will continue to remain in demand for countless industrial applications independently of those mentioned so far.

That being said, I do not expect any big payout. Precious metals are competition for fiat currency, and for them to rise to any substantial price that would garner public attention would be to the detriment of the USD. So if you're waiting for profit in dollars as we know them today you may never see it.

However, if you're looking to increase your buying power I wholeheartedly recommend silver as what I perceive to be highly undervalued. This perception is supported in part by the government stockpile being completely drained after having billions of ounces depleted over the 20th century by industrial use causing available silver supply to be many orders of magnitude less than available gold supply.

Also since gold and silver are money as declared by the Coinage Act of 1792 as well as countless languages around the world using the same word for 'silver' as 'money' there is an obvious competition going on between sound money and debt-based money which lends creedence to the hypothesis that debt based money is being used to hold down down the price of real money as part of the PR campaign to maintain fiat dominance. However, debt cannot be used to extinguish debt, and Austrian economics is clear that gold and silver as the only true extinguishers of debt must rise in price accordingly to absorb all the debt in order to avoid default (far more likely).

While the only evidences of suppression thus far have been the massive silver short position with undeclared longs to offset it which has been largely unwound at this point as well as the silver stockpile being depleted due to mining supply being insufficient for total demand over many decades it is easily within the realm of possibility to be the case since the price is determined by contracts backed by roughly only 2% physical metal (false supply) combined with buying and selling on margin (false demand) combined with JPM being both the steward of the SLV and its silver vaults (fox guarding the henhouse) - all the pieces are in place to support and hide any potential price manipulation so that if it were the case it would be both easy to do and easy to conceal. Truth has no need for the cover of darkness, but we can see by looking at the physical market that available supply is decreasing because price is not mitigating the supply and demand pendulum accordingly.

As for stocking up I'm not looking much at the pucks. I prefer 1 oz foreign government silver coins I can get close to spot.