Discussion in 'Bullion Investing' started by Tyler, Apr 1, 2013.
Current price $5,241.32
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On April 1 2013 silver was over $28 now its $15.
On the same day bitcoin was $51 now its $5400.
If someone had $1000 in silver and held it would be worth $520 now if they swapped it for bitcoin it would be worth over $107,000.
And just about every post is hating on bitcoin.
You bet against the silver crowd, you win every time.
I believe you'll find an ~20% loss from then to date for Gold. I'm selling my Hunt Brothers era purchased Silver currently to purchase high grade pre-1933 certified Gold coins. How about you.
I recently liquidated some 401K assets to realize a greater loss than the U.S. Gold coins I've accumulated over the years on a continuous dollar cost average basis.
I'm looking for current tangible investment tips. Can you provide some?
Much worse than Bitcoin.
Much better than Silver.
Difference is I have never made an anti-bitcoin comment.
1891 $5 Liberties PCGS in MS 61-62 can be found for $500-$550.
PCGS population in MS is under 200 for the 1891.
Should be way higher than $150-$200 over spot.
If you're "into" that design of U.S. Gold coin, I believe this coin would be a better buy: https://www.ebay.com/itm/1873-20-Li...536855?hash=item1a7693a397:g:VKIAAOSw5~pcbsc0
You can also locate beautiful 1900 MS64 CACed double eagles for less than ~$1800.
In the past I found the $5 Gold Indians to be a good buy, but in a relatively depressed market they're selling for an appreciably greater price. I've many MS Liberties purchased in the past at a fair price, with hardly any interest.
I remember when silver hit $80 and we were running out of silver. Then we had $100/barrel oil and we were running out of oil. And of course the beany baby price spike.
My first environmental apocalypse was the overdue fifth ice age. Then it was global warming. Now we have bit coins which won't help because the lunatic greenies have announced we'll all be dead in 12 years because the planet will die then.
I'm not sure if age generates wisdom or just skepticism. But I'll go with wisdom.
Careful there. Age also apparently makes you remember things that never happened.
You're right. It topped out at $49 and change, but I'm sure I remembered something about $80 so perhaps that was the point it was expected to get to before the bubble burst.
It reminds me of those Bit Coins to $10,000 or even $20,000 projections.
Bit coin was well over $10,000. You can just go back in this thread.
Bitcoin hit its record high of $19,783.21 on December 17, 2017.
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