Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
< $15 Silver: Is this something worth waiting on?
>
Reply to Thread
Message:
<p>[QUOTE="tulipone, post: 2186345, member: 71656"]I like to buy Eagles and other bullion silver coins and rounds, but really cannot imagine any senario where I could sell for a profit unless I got lucky with a coin that was particularly sought after. I buy for interest and in the knowledge that there remains a residual value after purchase. </p><p><br /></p><p>What is the bail out plan? Where do you sell the silver when the time is right? Dealers will pay less than melt value so the fact that you pay some premium and like to sell at less than melt, how much does silver have to rise before you get your money back - or make the transaction worthwhile? If the $ crashes, the dealers will not pay anything like top money as they can be picky.</p><p><br /></p><p>Theoretically, 1000oz at $17 per is $17000. Melt is at $20 per and assuming the dealer wants 10% (my local buyer wants 12%) - so worth $20000 - $2000 and so a theoretical gain of $1000 less tax, loss of interest, storage and risk. </p><p><br /></p><p>I'm asking because I don't know, how often is there a spike that makes it worth it?[/QUOTE]</p><p><br /></p>
[QUOTE="tulipone, post: 2186345, member: 71656"]I like to buy Eagles and other bullion silver coins and rounds, but really cannot imagine any senario where I could sell for a profit unless I got lucky with a coin that was particularly sought after. I buy for interest and in the knowledge that there remains a residual value after purchase. What is the bail out plan? Where do you sell the silver when the time is right? Dealers will pay less than melt value so the fact that you pay some premium and like to sell at less than melt, how much does silver have to rise before you get your money back - or make the transaction worthwhile? If the $ crashes, the dealers will not pay anything like top money as they can be picky. Theoretically, 1000oz at $17 per is $17000. Melt is at $20 per and assuming the dealer wants 10% (my local buyer wants 12%) - so worth $20000 - $2000 and so a theoretical gain of $1000 less tax, loss of interest, storage and risk. I'm asking because I don't know, how often is there a spike that makes it worth it?[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
< $15 Silver: Is this something worth waiting on?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...