Talking electrical properties, silver is very interesting because its oxide also happens to be highly conductive. That makes it great for the contacts inside relays and industrial contactors* where arcs during switching cause oxidation, and also a great plating material for high-current power connectors. I've often wondered why silver plating doesn't replace gold entirely in smaller electrical connectors. Perhaps dendrite growth becomes a concern, or perhaps because it just looks dirty over time and consumers would question it. *Scrapper tip: Some people are wise to this and if they have access to retired equipment, will disassemble these to harvest the little chunks of silver. The contacts themselves are often solid, not plated, as they are subject to erosion as part of normal use. However, tinkerers like me will often find more value in the smaller relays if kept as they are.
Who knows what is foolish? This feels like the late 1970s and early '80s all over again. Fuel prices are inflating the economy, the Fed has put too much money into the economy, in my opinion, and inflation is bad and getting worse. Back then you had the Hunt Brothers, who were billionaires, mortgaging everything, including their underwear, to buy silver, which pushed it up to a high of $55 and ounce. Then it collapsed, and they managed to bankrupt themselves. The only thing I won’t do is go deep into debt to buy precious metals. There will be a correction, and if you are heavily leveraged (too much debt) you can be ruined in nothing flat.
Nope. It's because the gold doesn't tarnish or build up oxide, therefore you (almost) always have a good electrical connection between two surfaces that are essentially just butted up against each other (like circuit board fingers). Much like the "turn it off and on" for a reboot of pcs, "reseating" the circuit boards (or hitting the fingers up with an eraser) was the initial troubleshooting "fix" for all kinds of electronics.
That's the kind of silver I like. I also like Silver Eagles and Libertads. They have value in more than just the silver, and I enjoy owning them. I believe that's the best kind of investment, because then you're not always just worried about prices. Buy what you like, and if it turns out to be worth selling at some point - and you want to sell it - it's a bonus.
I'm debating buying more IFC (intended for circulation) foreign junk silver today. I find it much more fun than bullion.
If I knew your store's name, I'd give your selection a look. Always good to transact with fellow CoinTalkers.
SELLERS MARKET for sure around here 40.00 for an average ASE and Morgan are going for 30 and up. same with Peace Dollars. mostly high 30's and more depending on date, condition not including any CC. I have noticed on some sites that people are not necessarily familiar with prices and list around spot and it sold immediately usually early mornings is when I see I missed it again. every now and then a sow gets an acorn.
More upside to GOLD with PLATINUm a close second, SILVER not so much just not allot of growth potential there.
Ever hear of "black pad syndrome"? It's when the gold/nickel alloy isn't prepared properly. When you try to solder to them, the pad won't take the solder and the pad turns dark gray or black.
See I don’t really get that stacking stuff. You lose to much on life not spending the lion’s share of your wealth. You can stack and recount all you want. But you’ll be bye yourself. God I hope I have more friends then money
It may not be foolish if you truly love Silver but as far as selling the Silver you buy today, at a later date for profit, it's risky.
I can see very little upside in making a decent profit off of Silver, we our talking cents here, I can only hope that it stays about the same, many silver mines have closed because there's just enough money in it, though my main focus is on GOLD if I see something cool in the way of silver I will buy it