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<p>[QUOTE="Jason.A, post: 2797617, member: 87620"]My intention of this thread is not to criticize. It is to ask you what your plan and strategy is.</p><p><br /></p><p>Many people are buying super high premium silver bullion that is marketed as semi numismatic coins. But at the end of the day, they are basically still just bullion.</p><p><br /></p><p>What is your exit strategy for selling these? Do you believe 10, 20, 30 years from now people will be interested in buying them from you for a premium over spot? If you had to turn around later this year and sell them because you were in financial difficulty, would you be able to recapture the premium you paid?</p><p><br /></p><p>Let's look at spot today, on 7/14/17</p><p>Silver spot: $16</p><p>Gold spot: $1232</p><p><br /></p><p>Let's look at a few examples of silver and gold coins:</p><p><br /></p><p>Spider Man silver Tuvalu: $28 per coin. You are paying 75% over spot</p><p>South Korean Chiwoo $40 per coin: You are paying 150% over spot</p><p><br /></p><p>vs</p><p><br /></p><p>American Silver Eagle $19.50 per coin You are paying 21% over spot</p><p>1 ounce Gold Eagle $1300.00 per coin You are paying 5% over spot</p><p><br /></p><p><br /></p><p>My comparison here is meant to illustrate 2 things:</p><p><br /></p><p>1. If you are spending a set amount of money (say, $1300) your best buy to pay the lowest premium is a single ounce of gold.</p><p><br /></p><p>2. If you buy silver, your best buy is something like an American Silver Eagle, especially if you buy $1300 worth all at ounce in 3-4 worth of tubes. Then, the premium dips under 21% over spot for your $1300 worth of silver Eagles.</p><p><br /></p><p>However, if you were to buy a hodge podge of Chiwoo, silver Krugerrands, Spiderman, Darth Vader, and other semi numismatic silver for 50%-200% over spot, how do you plan to ever make your money back?[/QUOTE]</p><p><br /></p>
[QUOTE="Jason.A, post: 2797617, member: 87620"]My intention of this thread is not to criticize. It is to ask you what your plan and strategy is. Many people are buying super high premium silver bullion that is marketed as semi numismatic coins. But at the end of the day, they are basically still just bullion. What is your exit strategy for selling these? Do you believe 10, 20, 30 years from now people will be interested in buying them from you for a premium over spot? If you had to turn around later this year and sell them because you were in financial difficulty, would you be able to recapture the premium you paid? Let's look at spot today, on 7/14/17 Silver spot: $16 Gold spot: $1232 Let's look at a few examples of silver and gold coins: Spider Man silver Tuvalu: $28 per coin. You are paying 75% over spot South Korean Chiwoo $40 per coin: You are paying 150% over spot vs American Silver Eagle $19.50 per coin You are paying 21% over spot 1 ounce Gold Eagle $1300.00 per coin You are paying 5% over spot My comparison here is meant to illustrate 2 things: 1. If you are spending a set amount of money (say, $1300) your best buy to pay the lowest premium is a single ounce of gold. 2. If you buy silver, your best buy is something like an American Silver Eagle, especially if you buy $1300 worth all at ounce in 3-4 worth of tubes. Then, the premium dips under 21% over spot for your $1300 worth of silver Eagles. However, if you were to buy a hodge podge of Chiwoo, silver Krugerrands, Spiderman, Darth Vader, and other semi numismatic silver for 50%-200% over spot, how do you plan to ever make your money back?[/QUOTE]
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