My first ASE monster box

Discussion in 'Bullion Investing' started by Kevin wu, Mar 13, 2019.

  1. Kevin wu

    Kevin wu Well-Known Member

    Order my first ASE monster box on eBay from d.b.s coin . 20190313_201005.jpg 20190313_201136.jpg 20190313_201126.jpg
     
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  3. Collecting Nut

    Collecting Nut Borderline Hoarder

    Congrats, I think you did good as I believe silver will be increasing in price before the years end.
     
  4. myownprivy

    myownprivy Well-Known Member

    Yes, but the question is: will silver increase enough by year's end to cover the premium he paid?
    Odds are he paid about a $2.50 premium per coins. He should be able to sell them about $1 over spot each. So the question is: will silver increase at least $1.50 by year's end so he'd at least break even?

    I think the odds aren't so great silver will reach $17 in 2019. But, long term, I'm sure he'll be ok.
     
    Last edited: Mar 13, 2019
  5. Kevin wu

    Kevin wu Well-Known Member

    Haha , as long as you can hold until silver go over 30 or more , i think silver will hit over 30 to 50 in next 5 years.
     
  6. myownprivy

    myownprivy Well-Known Member

    Oh dear Lord. Did you forget your medication this morning?


    The ASEs are beautiful, and I am envious you have a full monster box. But be rational about what you own.
     
  7. Kevin wu

    Kevin wu Well-Known Member

    Haha maybe I have too much PM right now , i am stop buying PM now , i will hold more cash right now and I will hold my PM until the price go up or for my retirement .
     
  8. Collecting Nut

    Collecting Nut Borderline Hoarder

    Anyone that can put out the money for a monster box can certainly afford to sit on it for as long as it takes.
     
  9. myownprivy

    myownprivy Well-Known Member

    Oh really? The last spare 9 grand I had I put into the market. Buy 500 silver eagles instead? No way!
     
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  10. Kevin wu

    Kevin wu Well-Known Member

    Nah I didn't pay 9 grand for it , i pay 8640 for 500 silver eagle , + I got 2% cash back with my credit card , so I pay about 8470 for the 500 ASE .
     
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  11. Don P

    Don P Active Member

    Correct. Then we he sells it, what fees will he need to pay? It's almost like silver would need to hit $35-30 for it to be worth it.

    If you put $7500 in a bond fund making 4% per year, in 5 years you'd have much more.
     
    baseball21 likes this.
  12. Collecting Nut

    Collecting Nut Borderline Hoarder

    To each his own.
     
    Garlicus likes this.
  13. Kevin wu

    Kevin wu Well-Known Member

    I don't feel good with bond fund making right now.
     
  14. Steven Hufschmidt

    Steven Hufschmidt Active Member

    could have bout a 95-W for that kind of $$$$$$, any who nice purchase.
     
  15. hchcoin

    hchcoin Member

    You guys are a tough crowd. I like it. Congratulations on your purchase.
     
  16. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I think bonds will out perform ASE,S especially Municipal Bonds very safe !
    But you need a minimum $250K investment and most are tax free, so
    Its win, win if you have the 250K available that is??
     
  17. ilmcoins

    ilmcoins Well-Known Member

    I agree! If you have the finances to make it work and you are having fun I say go for it @Kevin wu ... btw, you should add the photo of the big stack of bars you picked up not too long ago to really make this thread fun for the stackers! I believe they were all 100 oz bars.
     
  18. Kevin wu

    Kevin wu Well-Known Member

    Ye I should add the photo my big stack of all my silver and gold , that will be fun , just to too much to move all my bars and rounds out to take pictures . Here are break down my stack .
    100 oz bars x 71
    10 oz bars x 356
    1 oz rounds x 2000
    1 oz ASE x 500
    1 oz gold x 17
    That will be fun to take pictures of all those PM . But that will took me whole day just to move all those silver out .
     
    Last edited: Mar 25, 2019
    SLACKACTION and ilmcoins like this.
  19. roman99

    roman99 Well-Known Member

    Just wait for the next recession, silver and gold will spike.
     
    Kevin wu likes this.
  20. SLACKACTION

    SLACKACTION UNION REPRESENTATIVE

  21. Kevin wu

    Kevin wu Well-Known Member

    That what I waiting for next recession , won't be long now , hold much PM as you can .
     
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