Investment help please.

I haven't heard anything to the contrary -- if memory serves, the original transaction(s) took place around 1998 or so. Would be interesting to know, but I don't have time to dig into it right now. Thanks

 

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No.

 

OK. This is starting like a story about tripping over cents on the road to millions.

A little bit of an exaggeration, but the idea holds.

Go to a reputable junk silver dealer. Pay about spot (so if spot is $20.00, then times that by 90% = around 18.00 an once). Mercury and Roosevelt dimes go for about 1.60-2.00 each when silver is in the 18.00 range at a number of the place where I shop. If you can get 14 times face, I think that is more than fair, if not a great deal. I like Junk.

Now if you are going shopping on the internet, and only have 1,000 bucks, then spend it in one place and avoid dupplicate shipping.

Just my opinion. Buy as often as you can, even if it's only a couple 20$ bills. This way over time, dollar cost averaging will likely be your friend.

Forget gold for now, unless you can pick up something on the fractional side near spot.

Good luck.

 

Thanks Cloudsweeper. That is what I was thinking.

 

This guy knows what hes talking about. Also my dermatolagist has made 500,000,000 + in real estate over the span of 40 years.

 

Do you know the details of how or when it was disposed of? Was it held personally by him or within his publicly traded company(ies)?

 

It was owned by Berkshire Hathaway. Warren never discussed it very much. He said he liked and followed silver since he was a child, and bought it because he though it was very undervalued. Thus it surprised me when he sold it for $7+ instead of hanging on. I think something may have happened that forced him to sell for reasons never made public. Since he disposed of it shortly before the launch of the SLV ETF, some analysts speculated that his silver funded the investment company.

 

Buy what you like. The rounds sounds good to me. A 1,000 dollars will get you a few rounds. I like art rounds, but they are often of the sterling variety. Good luck.

 

I'd avoid sterling silver if I were you. Not that you can't make an investment on it....but read this thread. It might give you a new perspective on sterling.

http://www.cointalk.com/t91422/