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Is investing in 1 oz Silver Coins a Good Idea
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<p>[QUOTE="baseball21, post: 2613498, member: 76863"]I don't really see the need for it. The government backing is what gives it it's spending power and in all honesty if the world's biggest nuclear super powers government completely dissolved we would have a lot bigger problems then whether or not our change had precious metals in it. </p><p><br /></p><p><br /></p><p><br /></p><p>I would say so. There are some industrial uses but for the most part it is a luxury item for jewelry or a way for people to try and invest playing the spot movement and like any luxury item it is whatever the market will support. Personally I think the ETFs have prevented it from falling to where it would have once people realized the world wasn't ending after the run up a couple years ago which seems to have skewed a lot of peoples perception about where it's price should be. It spent most of the last century under 10 dollars. </p><p><br /></p><p>Will it ever get back down under 10, maybe not with the stock investing now but at the same time I wouldn't call it undervalued.[/QUOTE]</p><p><br /></p>
[QUOTE="baseball21, post: 2613498, member: 76863"]I don't really see the need for it. The government backing is what gives it it's spending power and in all honesty if the world's biggest nuclear super powers government completely dissolved we would have a lot bigger problems then whether or not our change had precious metals in it. I would say so. There are some industrial uses but for the most part it is a luxury item for jewelry or a way for people to try and invest playing the spot movement and like any luxury item it is whatever the market will support. Personally I think the ETFs have prevented it from falling to where it would have once people realized the world wasn't ending after the run up a couple years ago which seems to have skewed a lot of peoples perception about where it's price should be. It spent most of the last century under 10 dollars. Will it ever get back down under 10, maybe not with the stock investing now but at the same time I wouldn't call it undervalued.[/QUOTE]
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