I had seen spectacular, checked out silver joker. Hey, whatever makes them happy I am glad they are in the hobby. I just hope they have thought of security and continue buying when the market calms down. I also hope they do not have more than 10% of their net wealth in pm. With the prices of houses, land, and stocks going up so much recently my pm percentage is really low. However, I will not correct this until more favorable conditions prevail. My collectible coin holdings have went up, but I refuse to judge them as an investment, safer that way. Collectible coins are my "throwaway money" in my mind, that way I do not lie to myself to justify putting too much money into a hobby. Edit: watched some more YouTube videos. Wow, lots of distorted information IMHO. I guess none of these people were around 10 years ago, stating the high premiums "prove" their is a physical shortage, stating all mines shut down last year, yada yada. Please research here in CT the exact same comments 10 years ago were made as excuses for high premiums, and then read about the collapse. People are excited about pm, small player demand higher than normal but it will stabilize. Sure, if you expect $50 silver I guess pay these premiums, but just know this has happened over and over and high premiums only means dealers can get away with it now, its not "proving" their is a shortage and "prices have to increase".
Honestly I think the price of silver will rise just due to how inflation works. Back in 1921 gold was only $20.47 an ounce but that doesn't mean it was insanely cheap because $20.47 was worth alot more back then than it is today. I think the same will apply in the future. Silver might go to $50/oz because $50 in the future will be like $20 today.
But even if that's true, it's still a terrible idea to pay ridiculous premiums. Pay 40% over spot for silver (say, $35 for a one-ounce piece when silver is at $25), and you'll be at break-even if silver goes up 40%. But if you were a little more discerning, and spent $35 on silver closer to spot, you'd have $49 worth.
But where is the guarantee that silver will drop in price? Or that premiums will drop? There is no guarantee. That's why I believe in the dollar-cost averaging of buying regularly through the ups and downs. In the end everything evens out.
If you believe the spot will increase in the next 6 months, then paying x21 is a way of purchasing the future price. It may be even more difficult to get it in your hands 6 months to a year from now. If true then it's better to spend a small amount more now then a large amount later. If you believe spot will go down in the next 6 months to a year, just wait to purchase. The early bird gets the worm..... but the second mouse gets the cheese.
Its crazy that 90% WAS 19-20x in the fall when spot was 24-25 and now spot is 24-25 and 90% is 21x-22x. looking back at my scribbles.......... The 25.00 was my dumping the whole kit and kit and kaboodle. It came and gone and back and I still have not sold any yet... there is another failure of my stacking... but hold on its not over..
if you're patient enough you can wait for the dips and get much more silver. You have to be one of those people who don't think the US is on the verge of collapse.
No guarantees. Just opinions of some who have seen and studied this market through past up and down cycles. I agree with you eventually $50 will be the new $20, but that is a long way off. Want to make a wager you will not be able to get physical silver cheaper than today within 3 years? I am, that is what I am doing. I am wagering today is like 2012, and in 3 years it will be more like 2015
LOL your saying in three years the price will be like on 2015 for SILVER.. Hmn 2015 Silver approx. 15.66 2012 MAYBE 31.50 those the numbers your referring to?
Not in actual terms sir, but in market cycle both for spot and premiums. In 2015 I was buying quite a bit, posted here about it, how both spot and premiums were down. Maybe this cycle it will get down to $18-19 but premiums should also go down by then as well. Just a few years ago I was buying $5-$20 AU-low BU US gold for melt, and ASEs, as many as I wanted, for like $1.50 premiums. Maybe it will never be like that again, but I have lived through too many cycles were it IS that way again to fully believe it will not return. Is $15.66 impossible? Of course not. I have read of MASSIVE copper mine increases being dug right now. Guess what copper mines produce a lot of "accidentally"? Silver. Not really sure what the LOL was for. What did I say that so comical?
I have not lived through any cycles maybe one, the one were in now. I never did any coin stacking or collecting until 2012. so for it to drop to those levels would be lol. thats shocking but 3 years is a journey.. dont take offense to my lol. I have a different perception and going the opposite direction as you , but then again.. from Missouri show me one more time lol.. great day to u..
I believe that a lot You Tube "Creators" were not stacking/saving 10 years ago. A number of them know very little about numismatic coins and only about creating an interesting channel experience. Then they have their "squads, padres, buddies, and friends/enemies/unknown strangers and any other sucker they can find to join their Patreion (or however you spell it) and SUPPORT them. The channel creators are not using their own money but instead are using their supporters contributions to buy the items discussed on the show and then the creators keep them. They don't hold drawings to return the items purchased to the supporters who paid for them. And then these guys claim to be experts (or squirts under pressure). Please note this is not all of them but I would guess that it is most of them. But WTH do I know I only watched my first You Tube video 6 years ago.
no you can't. however, if they ever change the rules, I reserve the right to come back and claim mine
I’ve found that pm is hard to sell when price is going up & hard to sell when pice is going down! It’s always doing one or the other! So when do you sell?
There is a massive difference between capitalism with rules to protect common areas and socialism. One does not need to redistribute wealth in order to prevent pollution of the air and water.
The problem, I think, is the "redistribution of wealth" that pollution or exhaustion of natural resources represents. The costs have often been socialized, but the profits privatized. Efforts to undo that traditional practice seems to get tagged as "wealth redistribution", "socialism", "penalizing success", and whatever else those profiting from it consider to be an insult.
I understand the traditional tragedy of the commons, but there are ways within the free market to quantify this effluent and make it economically unfeasible to afford to pollute the commons without the need for wealth redistribution. The free market is what allowed western civilization to be built, since it provides benefits to society human innate greed. Socialism is a parasite upon the host, one which if allowed to grow too large will invariably kill said host. Tldr you can have clean water and clean air without having to steal from productive members to subsidize less productive ones.