Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Let’s talk silver and investing
>
Reply to Thread
Message:
<p>[QUOTE="Rono, post: 1137216, member: 6492"]Howdy,</p><p> </p><p>Any of you folks ever drink Scotch? What's the difference between bar whiskey and top shelf call whiskey that justifies the additional cost - the premium, if you will? In some cases it might be the taste, in some it might be the label and in some it might be familiarity. For whatever reason, some folks are willing to pay more for Johnny Walker Black than bar whiskey.</p><p> </p><p>Same sort of thing applies to silver. There are name brand ingots and coins and there are plain vanilla junk. If you want to sell me a prospector I know what I'm getting. If it's some art round, how do I know what it is - how pure? what weight? ASE's are fungible. That means you can trade them readily near and far. Cripes, Utah's about to make them legal tender for paying your taxes and there was just a wall street bank that will now take gold in exchange for whatever. But note that it's the ASE's and AGE's that are most often included and at coin stores and wherever you might be trying to sell something, Englehards and J/Ms are easy and some art bar from BillyBob's Mint and House of Joy is going to be discounted. </p><p> </p><p>Getting back to the investing in silver issue, the pure play on the price of bullion is with the least premium in the largest size (or quantity) that is still fungible. Ah, but is the pure play the very best way to play the silver bull market? How about silver mining stocks? That's where the big money was made back in the late 70's. It's where I've made the most this time and I've been riding this bull since '02. I bought a little Silver Wheaton SLW back in '09. It's up 1056%. Wish I had bought more and in all honesty this is the first Home Run I've ever hit. The point is that the leverage is with individual mining stocks, particularly the juniors on down. Before this is over, there will be a lot of serious money made in these issues . . . and a LOT of it will be lost. Most of these junior miners are more pipe dream than reality. That won't matter when this things blows off. This garbage will be selling like hotcakes and be the very hottest thing in the investment world. And when the bull market ends and silver and gold come back down to whatever extent - these miners will go back to $.0.50 a share. </p><p> </p><p>So, I got super lucky one time and that's great. That's not how I can afford to invest or even speculate to that great a degree. Too much risk to risk that much. </p><p> </p><p>What I do as both investment, speculation and coin collecting is a combination approach sort of like yours. I'm working a roll set of ASE's, have albums for Leafs and Libertads. Working on the other main countries - pandas, koalas, phillies, etc. Also have started a collection of silver crowns from around the world. Have some 10 oz. englehards, rolls of prospectors, 1 oz. ingots in tubes (englehards). In my 401 I've got CEF, SLV, SIL and SLW. In our taxable acct I've got TGLDX and in wifey's Roth we've got some Fortuna for giggles. I've tried to allocate my gold/silver holdings around the gold/silver ratio. </p><p> </p><p>The nut is to do what feels good to you, makes you some money and let's you sleep at night. Everything else is rot.</p><p> </p><p>peace,</p><p> </p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 1137216, member: 6492"]Howdy, Any of you folks ever drink Scotch? What's the difference between bar whiskey and top shelf call whiskey that justifies the additional cost - the premium, if you will? In some cases it might be the taste, in some it might be the label and in some it might be familiarity. For whatever reason, some folks are willing to pay more for Johnny Walker Black than bar whiskey. Same sort of thing applies to silver. There are name brand ingots and coins and there are plain vanilla junk. If you want to sell me a prospector I know what I'm getting. If it's some art round, how do I know what it is - how pure? what weight? ASE's are fungible. That means you can trade them readily near and far. Cripes, Utah's about to make them legal tender for paying your taxes and there was just a wall street bank that will now take gold in exchange for whatever. But note that it's the ASE's and AGE's that are most often included and at coin stores and wherever you might be trying to sell something, Englehards and J/Ms are easy and some art bar from BillyBob's Mint and House of Joy is going to be discounted. Getting back to the investing in silver issue, the pure play on the price of bullion is with the least premium in the largest size (or quantity) that is still fungible. Ah, but is the pure play the very best way to play the silver bull market? How about silver mining stocks? That's where the big money was made back in the late 70's. It's where I've made the most this time and I've been riding this bull since '02. I bought a little Silver Wheaton SLW back in '09. It's up 1056%. Wish I had bought more and in all honesty this is the first Home Run I've ever hit. The point is that the leverage is with individual mining stocks, particularly the juniors on down. Before this is over, there will be a lot of serious money made in these issues . . . and a LOT of it will be lost. Most of these junior miners are more pipe dream than reality. That won't matter when this things blows off. This garbage will be selling like hotcakes and be the very hottest thing in the investment world. And when the bull market ends and silver and gold come back down to whatever extent - these miners will go back to $.0.50 a share. So, I got super lucky one time and that's great. That's not how I can afford to invest or even speculate to that great a degree. Too much risk to risk that much. What I do as both investment, speculation and coin collecting is a combination approach sort of like yours. I'm working a roll set of ASE's, have albums for Leafs and Libertads. Working on the other main countries - pandas, koalas, phillies, etc. Also have started a collection of silver crowns from around the world. Have some 10 oz. englehards, rolls of prospectors, 1 oz. ingots in tubes (englehards). In my 401 I've got CEF, SLV, SIL and SLW. In our taxable acct I've got TGLDX and in wifey's Roth we've got some Fortuna for giggles. I've tried to allocate my gold/silver holdings around the gold/silver ratio. The nut is to do what feels good to you, makes you some money and let's you sleep at night. Everything else is rot. peace, rono[/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
>
Let’s talk silver and investing
>
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...