I want to make some money...American Silver Eagles

Discussion in 'Bullion Investing' started by Mike Drop, Oct 10, 2017.

  1. slackaction1

    slackaction1 Supporter! Supporter

    Mike I did the ASE for a couple of years... after reading this forum advice... but I didn't heed to it and sold this year...,FIRST THOUGHT .. I was thinking I could make enough to buy season Football tickets at MIZZOU somewhere around fifteen hundred and I fell well,well, short of it.. but its was fun but not 1,500 dollars worth.... and MISSOURI 1 WIN 6 LOSSES really no fun........... but now trying just buying 90 %....
     
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  3. LA_Geezer

    LA_Geezer Well-Known Member

    My brother was a financial planner who scoffed at silver, saying that one would need to own a large truck just to transport enough of it from storage to selling point to make investing in it worthwhile. Better that you put that investment money in gold if you just had to have precious metals in your portfolio. When hyper-inflation takes over, you'll be sitting in the catbird seat, he would say facetiously.

    Another financial planner I know takes a different, gloomier, view, saying that when the economy collapses you best have a large supply of ASEs to use when no one will take your inflated paper money and credit cards any more. If this unlikely situation were to occur, I have enough ASEs to barter for food, gasoline for my car and clothing to keep my spouse and I comfortable for about a year.
     
  4. Two Dogs

    Two Dogs Well-Known Member

    Go slowly;
    Don't be impatient;
    Stop in at coin shows;
    Once you buy a coin then try to sell it to see how you are doing with your buy price vs. what you can sell it for.
    Learn, learn, learn.
     
  5. LA_Geezer

    LA_Geezer Well-Known Member

    No, that second planner and I disagree on a number of potentials. What they will want in that situation would be your guns and ammo and anything else you won't give them freely.
     
    Last edited by a moderator: Oct 20, 2017
  6. Bman33

    Bman33 Well-Known Member

    Best way to learn is to research. I recommend finding a dealer where you can get the best Buy and Sell prices. Then find your favorite online places to buy. We can help you with the online stuff. Once you feel comfortable with your buy sell places and what products you like, ie. ASE's, 90% "Junk Silver", Bars, rounds, other bullion coins you'll be good to go. Once again make sure you are out of debt and can pay the bills with disposable money left over.
     
    Two Dogs and Danjohnson like this.
  7. sakata

    sakata Devil's Advocate

    Junk silver would work even better in that case. You need both.
     
  8. fish4uinmd

    fish4uinmd Well-Known Member

    BAD idea (Imho).
     
  9. David Setree Rare Coins

    David Setree Rare Coins Well-Known Member

    When faced with a decision like this, my strategy is that I make my money BUYING rather than selling.


    If I pay $100 for an item I can sell for $50, that makes no sense.

    If I pay $30 for that item, I make money.
     
    evca and -jeffB like this.
  10. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    The takeaway message from this chart is that things with a "controlled" market increase rapidly in price and those where there is real strong competition do not. It really is that simple. Gasoline is the mostly "go to" example, but petroleum is subject to cartel action. You can't use a gallon of milk because there are artificial price supports for that. The dollar is not going to ____ in a handbasket, but competition sure is.
     
  11. fish4uinmd

    fish4uinmd Well-Known Member

    To the educated buyer of ASE's "First Strike", "Early release", etc. means NOTHING...it's a marketing gimmick.
     
  12. bsowa1029

    bsowa1029 Franklin Half Addict

    You're better off putting your money in a low-cost total stock market index fund.
    Or better yet read as much as you can about personal finance and a good guide book to investing.
     
    coinsareus10 likes this.
  13. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Say what? What is this thing of which you write? ;)
     
    Kentucky, fish4uinmd and Two Dogs like this.
  14. Bman33

    Bman33 Well-Known Member

    As I stated earlier in this thread I have become pretty skeptical about investing in PM's. I can make better investments. Right now I just bumped up my 401K by 5%. Hoping that is a good move.
     
    Kentucky likes this.
  15. CoinCorgi

    CoinCorgi Tell your dog I said hi!

    Contributing more, by itself, is generally a good idea, but there are so many other factors that should be considered before calling it a 'good move'. What is it invested in, how old are you, how does what it is invested in fit in with your overall portfolio...blah blah blah. Hope won't get you anywhere.
     
    Two Dogs likes this.
  16. CoinCorgi

    CoinCorgi Tell your dog I said hi!

    1st rule...having a 401K doesn't mean you have $401,000 in the bank.

    just saying
     
  17. Bman33

    Bman33 Well-Known Member

    With the stock market doing well I have had substantial gains in my 401K. Unless you are a clairvoyant hope is a factor in any investment.
     
  18. Two Dogs

    Two Dogs Well-Known Member

    The old saying..."hope in one hand, spit in the other...see which one fills up first."
     
  19. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    Well, you COULD invest in real estate and make a living playing video poker, and dabble with firearms, but we’ve seen how this plays out. What? Too soon?
     
    Two Dogs likes this.
  20. fish4uinmd

    fish4uinmd Well-Known Member

    I'm not as good as I once was, but I'm as good ONCE, as I ever was!
     
  21. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    I once overheard (about 6 years ago) a frustrated older gentleman speaking to my brick and mortar local coin shop owner at his shop. He was frustrated because he felt stocks were overpriced, and bond yields were crummy, and couldn't earn anything on a CD, so he wanted to pile a huge pile of cash into silver. He said, "Something has to go up!", and he figured precious metals were the thing. That was October of 2011. Silver was about $37.50 an ounce, and the Dow was around 11,400. He wanted out of stocks and into silver.

    He was an "experienced" gentleman who watched indices regularly. Think about what has happened to that man's wealth if he successfully did what he sought to do.
     
    Two Dogs likes this.
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