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<p>[QUOTE=&quot;Jason.A, post: 2797888, member: 87620&quot;]Here&#039;s what I am going to share from my own experience. Here is what concerns me personally.</p><p><br /></p><p>I think that a lot people view silver as a more affordable investment than gold. Clearly, at $16 an ounce vs $1230 it is. Having said that, I personally, (and I would suspect many other bullion buyers too) came to buy bullion first as investors and secondarily as coin collectors. There is a wide variety of very beautiful silver bullion coins that we can afford much more so than we can afford gold bullion. What started as investing is turning into collecting the wide variety of silver available. </p><p><br /></p><p>So, we have been roped in or tricked into this investment game. Our initial aim was to stash away savings by buying silver bullion, but now we&#039;re willing to pay higher and higher premiums for collector grade silver. We see a really pretty looking South Korean Chiwoo coin for 75% over spot. That 75% is insane for bullion, but that 75% in real dollars actually represents only an extra $12. So, we tell ourselves &quot;I like this coin. What&#039;s an extra $12? That&#039;s lunch money&quot; And we buy it. And we buy every piece of silver like that we like, believing in the back of our minds &quot;I can easily resell this some day to a coin shop, ebay, or on this forum.&quot; Now, the small amount of money we used to spend each month buying bullion has turned into buying less and less silver with higher and higher premiums because we find the coins pretty. Investors don&#039;t care about &quot;pretty.&quot; Collectors care about &quot;pretty.&quot;</p><p><br /></p><p>So, my fear is that years from now no one is going to care about this made up category of &quot;semi numismatic&quot; silver bullion. Few will care that we paid 75% over spot for a South Korean ounce of silver. And a whole lot of us are going to be stuck with silver bullion we paid nearly double to obtain. When we turn around to unload our investment, many people will lose their shirts and get only near spot for their stuff.</p><p><br /></p><p>The silver market seems to be just one giant racket because we have convinced ourselves to buy overpriced &quot;semi numismatic&quot; coins thinking we&#039;re making a smart investment, but really we&#039;re just collectors.[/QUOTE]</p><p><br /></p>

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