Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Falling Silver prices
>
Reply to Thread
Message:
<p>[QUOTE="iPen, post: 2294917, member: 69760"]For bear market resistance of my silver collection, I buy when silver is "low" like I suspect it is now, while <i>specifically</i> purchasing high(er) grade government issue coins for their numismatic value. I'm probably in the minority with this, but I tend to stay away from private mint issued silver bullion since they won't do as well as "collectible" gov't issued coins when the economy's bullish or in an upswing. I may get some world government issued bars if they're priced "low" (reasonably near spot compared to the 1 oz's rates). I also try to stay away from gold since silver seems to be more practical, given its impetus from (more) industrial applications, but that's straying a bit from your question.</p><p><br /></p><p>If your strategy, however, is to hedge against an economic collapse or the likes, then obviously you should stick with your own method to purchase the lowest priced silver bullion or cull coins you can get your hands on, among other purchases.</p><p><br /></p><p>Per my general observations and IMHO:</p><p><br /></p><p>+ If the economy does well, then people tend to afford and purchase more luxury options such as high grade "collectible" coins (e.g. Morgans, Sovereigns, US commemorative halves/dollars, etc.), and relatively forgo private issue bullion purchasing (dollar is usually stronger and silver is relatively weaker, ceteris paribus).</p><p><br /></p><p>+ If the economy tanks, then people tend to hoard silver thereby causing silver and silver coin prices to rise (again, in general - all things constant). I wouldn't say silver is more rare, but it's more expensive (silver mining production and output has increased year after year). Even though folks in general may not be able to afford higher grade silver coins, the counter-intuitive appears to result where nicer grade numismatic-minded coins are <i>still</i> being purchased. Maybe they're seen as a safer investment, maybe those at or near the top of the economic food chain get richer and have more to splurge on, etc.</p><p><br /></p><p>++ All in all, this strategy affords me the ability to sell my silver pieces and collection in most any market condition without worrying too much. I may not do particularly as well as some of you who purchased large quantities of private mint silver bullion to flip during an economic crisis, but I can <i>set it and forget it</i>. Plus, I get to collect from a wider range of different types / designs of silver coins to make the hobby more interesting.</p><p><br /></p><p>Civilized criticism and comments are welcome. I'm always open to hear ways to improve upon my strategy.[/QUOTE]</p><p><br /></p>
[QUOTE="iPen, post: 2294917, member: 69760"]For bear market resistance of my silver collection, I buy when silver is "low" like I suspect it is now, while [I]specifically[/I] purchasing high(er) grade government issue coins for their numismatic value. I'm probably in the minority with this, but I tend to stay away from private mint issued silver bullion since they won't do as well as "collectible" gov't issued coins when the economy's bullish or in an upswing. I may get some world government issued bars if they're priced "low" (reasonably near spot compared to the 1 oz's rates). I also try to stay away from gold since silver seems to be more practical, given its impetus from (more) industrial applications, but that's straying a bit from your question. If your strategy, however, is to hedge against an economic collapse or the likes, then obviously you should stick with your own method to purchase the lowest priced silver bullion or cull coins you can get your hands on, among other purchases. Per my general observations and IMHO: + If the economy does well, then people tend to afford and purchase more luxury options such as high grade "collectible" coins (e.g. Morgans, Sovereigns, US commemorative halves/dollars, etc.), and relatively forgo private issue bullion purchasing (dollar is usually stronger and silver is relatively weaker, ceteris paribus). + If the economy tanks, then people tend to hoard silver thereby causing silver and silver coin prices to rise (again, in general - all things constant). I wouldn't say silver is more rare, but it's more expensive (silver mining production and output has increased year after year). Even though folks in general may not be able to afford higher grade silver coins, the counter-intuitive appears to result where nicer grade numismatic-minded coins are [I]still[/I] being purchased. Maybe they're seen as a safer investment, maybe those at or near the top of the economic food chain get richer and have more to splurge on, etc. ++ All in all, this strategy affords me the ability to sell my silver pieces and collection in most any market condition without worrying too much. I may not do particularly as well as some of you who purchased large quantities of private mint silver bullion to flip during an economic crisis, but I can [I]set it and forget it[/I]. Plus, I get to collect from a wider range of different types / designs of silver coins to make the hobby more interesting. Civilized criticism and comments are welcome. I'm always open to hear ways to improve upon my strategy.[/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
>
Falling Silver prices
>
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...