Can of worms - to invest in silver or not

You really have to dig around and look but you can still buy Silver at comfortable price. But its also a Sellers Market I should but wont sell.
$30 face barber coins. All readable dates- 19x face
SOLD $10 face walking liberty quarters- 19x face
SOLD $30 face Barber Halves- 19x face

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If you can afford to let your investment ride for awhile seek out some at a reasonable price and go for it. I sleep better holding PMs than I would if my money was in a bank or the wall street casino.

 

So I see the ripoff's name was removed from this thread. Why don't they remove that other well known ripoff from this forum completely?

 

Definitely!!!

 

You may sleep better but thats not a good way to manage the money you worked hard for. You get much better return investing in the market than holding onto metals.

 

...depending on your stock choices...

 

If I don't sleep well my money doesn't mean as much.

 

Me too, check my avatar...

 

Don't need to. That's Scrooge McDuck!

 

Yes it's Perfectly acceptable here to belittle the "wall Street casino" which has given unbelievably high returns above any other investment vehicle. Or to down Bitcoin which has made multimillionaires or Gold which has been by far the best performing PM. But you dang well better not question the greatness of silver despite it being the worst performing asset on Earth. That in itself speaks volumes

 

It's all a gamble. I've known people that had to put off their retirement for years because they got screwed by Wall Street. The chickens come home to roost one day on all Investments.
If you trust someone else playing with your money go for it . I personally do not. The next time the stock market crashes it will be on epic proportions.
This format is about coins and bullion not the stock market. Plus aren't you the guy that burned somebody on a bunch of precious metal?

 

PM has its place in ones portfolio but to call wall street a gamble is a stretch. Of course the market eventually crashes but it comes back 100% of the time with even better return. You would have to do something very wrong to lose money in the long run investing in stocks.

 

You brought the stock market up, not me. Even if you're holding silver, someone else is controlling your money. Haven't your heard about the "manipulators" keeping the price of silver down. Lol. ROFLMAO. Or back to reality - the miners who mine an extra 3 to 4 million ounces a day.

If someone is close to retirement they should have already pulled a lot out of stock market. Everyone knows that. Your "I know someone..." Story doesn't change the fact that $1000 invested in silver 10 years ago is worth $885 or so today depending on premiums paid. The same $1000 in stocks is worth $4200.

Same result 15 years ago...20 years ago...25 years ago...etc

Silver loses every time.

 

I paid $12.30 each for silver eagles in 2006. After selling many of them and making about $3,000 in 2011 I still have a couple hundred of them that cost me nothing. I realize I got lucky and bought when they were low and sold most of them when silver rallied but to say that silver is always a loss is BS. I was buying 90% at 10 to 11 x face 5 years ago.. I realize silver isn't a solid investment all the time but it's worked out fairly well for me. If you've made a boatload of money in the stock market kudos to you it's just something I choose not to do. I prefer to have my money in my hands. I personally have not lost money in the silver market.

 

Yes, how times have changed. I bet if you didn't have any right now, you wouldn't buy any at today's prices!

 

Nope. I've been buying silver for years but I haven't for a while now. I use my extra money to pay down my mortgage.

 

Best thing you can do in today's markets.

 

Personly wait till silver goes down again. Right now people are panic buying and the premiums are to high