Is silver a foolish buy right now?

Discussion in 'Bullion Investing' started by Jeepfreak81, Mar 7, 2022.

  1. Collecting Nut

    Collecting Nut Borderline Hoarder

    But it’s fun to collect.
     
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    So were matchbooks, but I don't miss all that litter, either.
     
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  4. Collecting Nut

    Collecting Nut Borderline Hoarder

    I don’t litter my cents but I will pick them up if someone else litters. :smuggrin:
     
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  5. medoraman

    medoraman Supporter! Supporter

    So does the nickel. My idea has been to just announce out of the blue all of the old one cent pieces are now worth 5 cents, and change the cent dies to say 5. Then Gresham's law will drive all current nickels out of circulation, and everyone will be happy since they just made 4 cents for every penny they own. Easy peesy, everyone happy and saves the government tons of money.

    So simple and effective our government would never contemplate it.
     
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  6. slackaction1

    slackaction1 Supporter! Supporter

    Don't get Jeff started Nut
     
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  7. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Nickel standard would be a good idea
    however allot of items have close margins and yes down to the Penney
    and those Penney’s add up !
     
  8. -jeffB

    -jeffB Greshams LEO Supporter

    And hardly any of them are bought one at a time with cash. Remember, gasoline is still priced to the tenth of a cent, and those tenths only "add up" if you're buying exactly one gallon at a time. For everybody else, they round, both up and down.

    (@slackaction1 told you not to get me started)
     
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  9. Collecting Nut

    Collecting Nut Borderline Hoarder

    Oh I’m laughing now. :) It was that small font that did it.
     
  10. usmc 6123

    usmc 6123 Active Member

    Before yes before you buy anything decide at what price and how much of it you will sell then and sell it. The amounts you don't sell could have another price target then sell it. Yes, I would buy silver today and sell at 30 if it does not get to 30 just don't sell it. Hold it for some time or give it to your kids. What do you think silver will be in 10 years?
    The problem is how much? Buy one oz or a monster box each week consistently
     
  11. steve westermeier

    steve westermeier Cancer sucks!

    Last I heard it cost 2 1/2 cents to produce a penny. A real 'no brainer'!
     
  12. Mr. Flute

    Mr. Flute Well-Known Member

    But for a long time (until now) it didn't matter in the aggregate as the seniorage on dimes, quarters, halves and dollars 'paid' for the operational losses on the cents and 5 cents.
     
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  13. Cheech9712

    Cheech9712 Every thing is a guess

    You better buy it before you fill up your gas tank
     
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  14. Cheech9712

    Cheech9712 Every thing is a guess

    I’m just hoping I can still get milk and eggs with it. You can’t take it with ya
     
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  15. Jeepfreak81

    Jeepfreak81 Well-Known Member

    Luckily in a week I'll be working remote while they do office renovations, that's gonna save me some cash.
     
  16. crazyd

    crazyd Well-Known Member

    I would consider the option of fractional gold.
     
  17. Jeepfreak81

    Jeepfreak81 Well-Known Member

    Well I pulled the trigger on some silver last night, not a ton of it but I got a good bonus at work last week so I bought enough to get free shipping.

    I used Hero Bullion, which I found by accident and seems it's not as old or popular as some others but apparently it's an ex-founder of Provident Metals. Hopefully it goes well, It won't be shipped til later this month because one thing I got was a Silver Britannia which is on Pre-sale.

    The price dropped a little bit over the past few days and I had money burning a hole in my pocket so I went for it :)
     
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  18. usmc 6123

    usmc 6123 Active Member

    Great you are in the game. At what price will you sell it?
     
  19. Jeepfreak81

    Jeepfreak81 Well-Known Member

    Well I had a couple ounces worth already anyway. I don't intend to sell anytime soon unless the price goes really high. If I had to pick a number I'd say over $30/oz with a solid premium for the Coins, what I paid for a premium or close anyway. But for this small amount it wouldn't probably be worth selling. I hope to make AT LEAST this size purchase yearly going forward though. If nothing else my kids should have a nice little inhertance some day.

    I also got some NH Goldbacks just for fun because I live in NH and they're kinda cool
     
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  20. manny9655

    manny9655 Well-Known Member

    GOLD is the best conductor of all. Many circuit boards use a gold/nickel alloy for contacts, solder pads, etc. Why the gold/nickel alloy? Solderability. Yes, it's more expensive. And the solder pads on most other circuit boards are nickel-plated copper. So there's your demand for nickel. It will go up.
     
  21. desertgem

    desertgem Senior Errer Collecktor

    No, pure silver is the best conducting metal. Gold is used as it does not form oxides or other less conducting combinations and is usually limited to physical connections such as Printed circuit board fingers. Jim
     
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