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<p>[QUOTE="Coinman_Ben, post: 632761, member: 9923"]If you're too strapped for cash to buy gold, than silver's an equally viable option. In fact, I recommend silver more than gold because, not counting inflation, gold is already past it's 80's high whereas silver is only at 27% of it's 80's high not counting inflation and in my opinion, silver is more exiting since $100 worth of silver at $10 an ounce is 10 ounces whereas $100 worth of gold at $1000 per ounce is only a tenth of an ounce, therefore, a 50 cent per ounce increase in silver is really a $5 increase on a $100 investment whereas the real rate of return on a $100 investment in gold if gold goes up $10 per ounce (assuming $1000 per ounce gold) is only a dollar. So while these are hypothetical numbers, they do well to serve the illustration.</p><p><br /></p><p>There are only four types of silver I recommend, the top one is bullion coins such as the Silver Eagle because when it comes time to sell them, it'll be the easiest form of bullion to sell. My second recommendation is silver rounds because they look like coins, but are always cheaper unless they start accumulating numismatic value due to age or rarity, by than it switches into the category of numismatic silver, which is my least recommended category because that's where the highest premiums are. However, numsimatic silver is still recommended because they're the easiest to sell as long as the coins are either rare or in very good condition.</p><p><br /></p><p>In third place comes silver bars, these are harder to sell than silver rounds, but they usually have the lowest premium. They are just barely easy enough to sell to even get my recommendation. Out of the four recommended forms of silver, silver bars are the hardest to sell, so make sure you get a well know bar if you go this route. Well known bars include Englehard, Johnson Mathey, and so on.</p><p><br /></p><p><br /></p><p>If you decide to purchase numismatic silver, the form of numismatic silver I recommend is pre-64 Junk silver, since this is the form of numismatic silver you'll pay the least for. My favorite way of acquiring this silver is by roll searching since you can easily get a silver dime for 10 cents this way, but I only recommend roll searching if you can make time for it, otherwise, it'd be better to get your silver from APMEX in the form of Silver eagles or the silver round that sells closest to spot. If you go this route, I recommend saving at least $500 before making a purchase, all the while, keeping track of the price of silver so you can better predict when the price of silver will dip during the month you decide to purchase (any source for silver quotes is fine as long as they consistantly quote silver from the same exchange, i.e. comex, new york precious metals exchange, ect). The reason you'll want to know when to buy as silver goes down is because you can get more silver for less money. If silver starts the day at $15/ounce and you're considering buying $510 worth of silver (assuming your buying at spot price) and if by the end of the day, silver drops 25 cents, you'll be able to buy one extra ounce of silver just by waiting until evening to buy, but you'll only be able to identify the coming of secondary bare markets (otherwise known as corrections) within the primary bull if you keep track of the silver price in your own excel spreadsheet[/QUOTE]</p><p><br /></p>
[QUOTE="Coinman_Ben, post: 632761, member: 9923"]If you're too strapped for cash to buy gold, than silver's an equally viable option. In fact, I recommend silver more than gold because, not counting inflation, gold is already past it's 80's high whereas silver is only at 27% of it's 80's high not counting inflation and in my opinion, silver is more exiting since $100 worth of silver at $10 an ounce is 10 ounces whereas $100 worth of gold at $1000 per ounce is only a tenth of an ounce, therefore, a 50 cent per ounce increase in silver is really a $5 increase on a $100 investment whereas the real rate of return on a $100 investment in gold if gold goes up $10 per ounce (assuming $1000 per ounce gold) is only a dollar. So while these are hypothetical numbers, they do well to serve the illustration. There are only four types of silver I recommend, the top one is bullion coins such as the Silver Eagle because when it comes time to sell them, it'll be the easiest form of bullion to sell. My second recommendation is silver rounds because they look like coins, but are always cheaper unless they start accumulating numismatic value due to age or rarity, by than it switches into the category of numismatic silver, which is my least recommended category because that's where the highest premiums are. However, numsimatic silver is still recommended because they're the easiest to sell as long as the coins are either rare or in very good condition. In third place comes silver bars, these are harder to sell than silver rounds, but they usually have the lowest premium. They are just barely easy enough to sell to even get my recommendation. Out of the four recommended forms of silver, silver bars are the hardest to sell, so make sure you get a well know bar if you go this route. Well known bars include Englehard, Johnson Mathey, and so on. If you decide to purchase numismatic silver, the form of numismatic silver I recommend is pre-64 Junk silver, since this is the form of numismatic silver you'll pay the least for. My favorite way of acquiring this silver is by roll searching since you can easily get a silver dime for 10 cents this way, but I only recommend roll searching if you can make time for it, otherwise, it'd be better to get your silver from APMEX in the form of Silver eagles or the silver round that sells closest to spot. If you go this route, I recommend saving at least $500 before making a purchase, all the while, keeping track of the price of silver so you can better predict when the price of silver will dip during the month you decide to purchase (any source for silver quotes is fine as long as they consistantly quote silver from the same exchange, i.e. comex, new york precious metals exchange, ect). The reason you'll want to know when to buy as silver goes down is because you can get more silver for less money. If silver starts the day at $15/ounce and you're considering buying $510 worth of silver (assuming your buying at spot price) and if by the end of the day, silver drops 25 cents, you'll be able to buy one extra ounce of silver just by waiting until evening to buy, but you'll only be able to identify the coming of secondary bare markets (otherwise known as corrections) within the primary bull if you keep track of the silver price in your own excel spreadsheet[/QUOTE]
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