Discussion in 'Bullion Investing' started by Kevin wu, Mar 13, 2019.
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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.
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.
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.
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 .
Anyone that can put out the money for a monster box can certainly afford to sit on it for as long as it takes.
Oh really? The last spare 9 grand I had I put into the market. Buy 500 silver eagles instead? No way!
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 .
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.
To each his own.
I don't feel good with bond fund making right now.
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??
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.
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 .
That what I waiting for next recession , won't be long now , hold much PM as you can .
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