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<p>[QUOTE="harley bissell, post: 2876928, member: 88212"]Those who believe that silver will increase in value try to get it at the lowest cost. The lowest cost is junk 90% silver coins that can be purchased at spot price. Silver Eagles and .999 bars sell at a premium over spot to buyers but that premium is rarely paid to sellers. If silver price goes up any amount your junk silver makes a profit. If you have ASE and .999 bullion the increase must be more than the premiums you paid. Attempting to sell a coin for a premium over value will provide a good education on the difference between intrinsic value versus real value. The same people selling that stuff on television will only purchase at a deep discount from what they charge. For the SHTF investor there is a short period where silver or gold will have value in barter. After that window closes bullion plummets to near zero value and it's place is taken by medicines, food, hand tools and other practical items. A $2000 pair of Air Jordans would not get a $50 pair of sturdy work boots.</p><p>Utility trumps rarity in crisis times. I deliberately did not talk about gaining bullion through investing in mining company stock or mutual funds.[/QUOTE]</p><p><br /></p>
[QUOTE="harley bissell, post: 2876928, member: 88212"]Those who believe that silver will increase in value try to get it at the lowest cost. The lowest cost is junk 90% silver coins that can be purchased at spot price. Silver Eagles and .999 bars sell at a premium over spot to buyers but that premium is rarely paid to sellers. If silver price goes up any amount your junk silver makes a profit. If you have ASE and .999 bullion the increase must be more than the premiums you paid. Attempting to sell a coin for a premium over value will provide a good education on the difference between intrinsic value versus real value. The same people selling that stuff on television will only purchase at a deep discount from what they charge. For the SHTF investor there is a short period where silver or gold will have value in barter. After that window closes bullion plummets to near zero value and it's place is taken by medicines, food, hand tools and other practical items. A $2000 pair of Air Jordans would not get a $50 pair of sturdy work boots. Utility trumps rarity in crisis times. I deliberately did not talk about gaining bullion through investing in mining company stock or mutual funds.[/QUOTE]
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