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<p>[QUOTE="Cloudsweeper99, post: 275196, member: 3011"]Just a couple of additional thoughts...</p><p><br /></p><p>Of course you need to buy a significant dollar value of silver to really benefit from a price increase, but this is no different from gold or stocks or a CD at your local corner bank. It takes money to make money, unfortunately. I'm also not sure that higher silver prices will bring a lot of new silver into the market next time the price runs up. I suspect, but can't prove, that the silver runup back around 1980 pretty much exhausted a significant portion of the junk silver supply under, say, $25. People were going through their basements and attics looking for the stuff to sell for melt. The evening news showed people lined up outside of coin shops. I think it's going to take a pretty high price to repeat that act. Tell your wife that you want to sell her silver jewelry and her mothers silver service set to be melted and see how far you get. Carl is correct that it's probably a good idea to just save for the coin you want to buy, but I have a lot of empathy for the idea of buying coins to trade for other coins later on. If nothing else, it's a very fun part of the hobby -- and sometimes it even works![/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 275196, member: 3011"]Just a couple of additional thoughts... Of course you need to buy a significant dollar value of silver to really benefit from a price increase, but this is no different from gold or stocks or a CD at your local corner bank. It takes money to make money, unfortunately. I'm also not sure that higher silver prices will bring a lot of new silver into the market next time the price runs up. I suspect, but can't prove, that the silver runup back around 1980 pretty much exhausted a significant portion of the junk silver supply under, say, $25. People were going through their basements and attics looking for the stuff to sell for melt. The evening news showed people lined up outside of coin shops. I think it's going to take a pretty high price to repeat that act. Tell your wife that you want to sell her silver jewelry and her mothers silver service set to be melted and see how far you get. Carl is correct that it's probably a good idea to just save for the coin you want to buy, but I have a lot of empathy for the idea of buying coins to trade for other coins later on. If nothing else, it's a very fun part of the hobby -- and sometimes it even works![/QUOTE]
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