whats your purpose for accumulation?

mine is purely for capitol preservation, a hedge against the dollar, economy and the united states as we know it. the way i see it is if it goes up and i see noce gains then its all gravy. sure it would be great to double or even triple up, who wouldn't want to but my goal is to keep what ive worked hard for.

this being said im looking to get 15-20K into silver which is 5-7% of my net worth and 1/3 of the liquid assets that i have. i know theres no real hard answers but is my projected silver holding adequete.

 

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I do not buy silver as an investment. I do not see my silver art bars as an investment. I do not buy silver art bars for SHTF prepping because I am not a prepper. Although silver might be seen as a hedge against inflation by some, I do not buy silver art bars for that reason.

The reason that I buy silver art bars because I like to collect them. I see my silver art bars as something that I love to look at and occasionally fondle. I mainly like to collect silver art bars and that is what I stack and I enjoy my silver art bar collecting hobby very much.

 

I purchase silver because I love the look of silver coins. It also acts as a hedge against inflation, but at my age (29) I am still very much in wealth building mode, so I only have about 3 -5 % of my network in PMs. The bulk is invested in the market (DCAing).

A large chunk of my silver came from my grandfather and my dad from what they had hoarded. Since my grandfather grew up during the depression, he saved a lot of PMs (along with potable water, dried goods, and honey) just in case of another economic collapse. My dad just saved all pre-64 silver coins.

 

I am 1/3 collector and 2/3 investor. There are many coins that I won't sell regardless of price. They are part of my "permanent" collection. The rest, mostly bullion and low value coins, are held because I think there is a high probability that the future price will be higher than the present price. When that is no longer true, they will be sold or exchanged.

 

I am an investor/collector as to coins. If a coin has a low mintage, or is a conditional rarity and is in my price range, I'll buy it as an investment. Most coin series, even those with huge mintages, have a few key or semi-key dates, or at least one or two conditional rarities. I'm not one who collects all the coins in a series. I usually collect one or two gem quality coins and any higher end rarities I come across. For example, I love peace dollars. I have common ones in MS-65 (1922 -1925) and some nice lower MS examples of lower mintages (1928, 1927-s, 1934). I also have a few AU-55 to AU-58 examples of the 1934 - s, which I can't afford in MS.

I collect silver bullion as an inflation hedge. I just want a vehicle to preserve some of my wealth. I like SAE's. I think they're pretty. However, they are bullion to me. Same with Junk, silver bars, etc.

I haven't bought much gold. Just a couple common date St. Gaudens.

 

If you put $20K into silver that would be about 1000 ounces if you bought ASE's. That's two monster boxes. It doesn't sound like a lot but they are heavy.

Capitol is the building; capital is the financial term. Not trying to be a jerk but you have used the wrong word in two separate threads.

 

hey so i graduated high school with a D- average, did i spell anything else wrong?

 

9Guns - I didn't even notice your spelling error. Who cares anyway? This is a chat board about bullion, not proper grammar. I appreciate your input and thoughts about investing. Don't let a fear of poor grammar stop you from posting. My experience is common sense gets you a lot farther in life than proper grammar, anyway. The world is full of educated faiures......

 

I just collect. I don't have the time or the room to collect for investing. I'd rather spend my money on the things I want now and not have to worry about retaining value in savings. I guess I'd rather collect property than silver, mainly because I can actually enjoy the asset even when times are rough for others.
Guy~

 

Just for the fun of it!!

 

Me too!

 

If pirates liked it, I generally do as well. I enjoy treasures, liquor, not having scurvy, exotic dames in exotic ports of call... etc. etc. so on and so forth. But now that I think about it, I don't own any coins a pirate could have owned, perhaps that could be my next endeavor, but at what cost I ask?

 

I am in the same boat as Cloudsweeper; 1/3 collector, 2/3 investor. I started about a year ago as an investor and have become increasingly interested in other forms of silver (very little gold) than just the plain Jane generic rounds and bars. I am a big fan of the ASE's, Maples, and Perth Mint products.

My plan is to accumulate over the next 18-20 years (DCA through the highs and lows) and at some point down the line have a significant amount to pass along to my son, currently 1yo.

 

I have a my reasons.

a) I think the value will rise and I want to be there when it does, and ready to take advantage.

b) It comes in many really cool forms and the ones I like I buy.

c) Worst case scenario, I melt them, assay to sterling and make jewelry out of the bullion I have.

d) It is a whole lot better than blowing my cash on something that becomes totally worthless.

 

My wife and I have 401k, a roth IRA, and each of us have a decent savings accounts. I just started getting into collecting coins and silver since I can't get her on board with buying gold. However, as a novice coin collector sometimes it's hard for me to seperate collecting and investing. To me collecting coin's is entertainment but also an investment. Just my two cents!

 

i am just trying to build a modest 2-3 bedroom home. i want to get enough gold and silver bars to use as bricks for my house. the larger silver coins such as trade dollars and morgans i will use as coasters for my beverages. the smaller ones will be glued together on top of each other and used to make furniture.

i can dream...

or i could just collect the coins for fun. get a little gold, here and there for the future.

 

Thats the best idea I heard so far.
I started buying silver after I heard Ron Paul's ideas on the Fed and I learned about the dollar. Then I saw a video by Robert Kiyosaki talking all about money and he kept saying "cash is trash". Since I started though, it feels more like a hobby rather than investing. I wish I knew what I know now, 7-8 years ago. After those tours in Iraq and coming back with $15k or more I could've been buying at least a few grand in silver when it was less than $10 bucks an oz, instead of bar hopping and eating out every night for like 3 months straight. You know what they say, you live and then learn.

 

HA! That is great!

As for me, I just collect for the fun and this historical value - if it exists.

 

You and me could be good friends.

I am investing as a hedge. I agree with the OP that in that I'd be elated if the value skyrocketed, but it's not something I'm holding my breath for. I enjoy the look and feel of silver and since I can't afford gold that's a good thing.

I've never really been fascinated by the luster of gold, I've always worn silver jewelry even when I was over seas and could by real gold (jewelry) for dirt cheap; I just like silver.

My very first piece of silver is the St. Michael medallion I was given for Christmas of 1992 while I was stationed in Panama. The back is engraved with a message from my Aunt. I've worn out several chains and it gets the occasional baking soda/boiling water/aluminum pie pan dip to clean it but otherwise I don't take it off.

 

Not an investor or collector...just SHTF insurance.


"In a shipwreck, one of the passengers fastened a belt about him with one hundred pounds of gold in it, with which he was afterwards found at the bottom. Now, as he was sinking--had he the gold? Or had the gold him?" ~ Ruskin