Discussion in 'Bullion Investing' started by Matthew Kruse, Jun 2, 2021.
...my uncle had one. Kept him out of the army.
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my advice just hold on to it
Did silver notgeld coins really exist?
So your the one that's hacking into people's smart TV's .
All joking aside.
Realistic numbers for silver can be obtained by the price of recent sold listing.
Take this one for example...
I couldn't buy it at $75& shipping.
find something with free shipping if at all possible
Only in very small part, if that. When silver went from $12 to $28 last year, the prices of everything else didn't double. When it went from over $40 to under $20 in the last decade, very few other things dropped to half price.
Sadly, someone may fall for that price. $75.00 plus shipping for a one once bar. NO thanks. That's a looser.
Personally, I'm not interested in silver bars. I'd rather buy 90 percent junk silver coins. Where I live there is almost no market for silver bars. Dealers don't trust them because they are easy to fake. I had a friend ask me to check out some silver bars his sister had. Out of the 8 bars 3 were fake. If the idea for having silver for use for barter if there was a economic collapse I would rather have 90 percent junk silver coins or one once silver coins like the eagle or maple leaf. Most people will at least have an idea what you have.
Your more of a silver stacker then a collector, BUT Let me educate you some.
Silver art bars are pretty collectable.
Collectable = a premium same as a coin.
Consider most art bars are minted in quantities of less then 5000.
(compare that to coins)
Minted in the millions...
The Washington one I listed was a special edition bar limited edition of 100.
(Serial numbered bar)
That silver art bar falls into the $100 bar category for a collector who desires it.
Now the money to be had in this type of art bar is buy low sell higher to a collector.
It's sort of like buying a small piece of artwork.
I'm not really a stacker but I guess in a way your right. I do agree that some are very artistic and actually I like some of the designs I've seen over the years. However, in the part of the country that I live in there isn't a market for them. However, in your defense I collect metals like the ones made by Dan Carr. Technically, I think his work would fall into what would be considered art. They're not coins. So in a way they would be similar to the bars you collect. So I stand corrected and have to totally agree with you as to why they are collectable. The metal below was made by Dan Carr. It was struck on a Morgan dollar. I look at this as art. Similar to the bars you collect.
Very nice, I have a number of his pieces.
The 1964 Morgan's and Piece dollars were really well done as with most all of Dan's stuff.
in the part of the country that you live in there isn't a market for them.
That may be an EXCELLENT buying opportunity for you to cash in...
I have a number of his coins/metals by Dan. Some people don't like what he does but, he's not doing anything different than the people that make the silver bars. He's not trying to deceive anyone either. I'm attacking a picture of his 1918 Peace dollar. You will never find a Peace dollar that looks this nice unless you are willing to pay a fortune. Possibly the US mint will produce one later this year but I have my doubts. This is a true high relief dollar. Looks even better in hand.
Well, we might not make it all the way to those numbers, but it won't be for lack of effort:
Where is the emoticon with the hands up ...looking like the first thrill drop on a roller coaster ride.
If it goes low enough, I may have to convert some paper.
The cool stuff is getting harder to find.
See, that's the saddest part. Even after this drop, the folks selling at the show will be asking pre-"dip" prices. But you'd better believe they'll be buying based on the lowest the spot price has gone.
the pandemic, just nothing to compare it to.
It depends on how long you’re looking into the future.
Back in the 1920s when silver was less than $1 an oz and gold was $20.67 an ounce they would’ve said $5 silver and $100 gold was a stretch of the imagination.
But eventually it happened due to inflation and the decreasing value of the dollar over time.
If you’re talking about the next year or two I think silver could hit $35 and gold might hit and stick above the $2K mark.
If you’re talking about 30 years from now when I retire I think $50/oz silver and $2,500/oz gold is definitely possible.
Personally I invest in stocks if I want to make a profit. I invest in precious metals just to maintain the value of some of my money so that if something goes very wrong with stocks and the economy I’ll still have something left to help me get by.
I kind of think of precious metals as a form of personal economic insurance. Like house insurance. No one wants their house to burn down but it helps them sleep at night to know if it happens they’ll be okay.
Gold getting whacked again, down about $85 today. Below $1,800.
I think it's an overreaction since inflation is arriving BEFORE the Fed is hiking. Gold is down big but bond yields are UP.
One of the markets has got it wrong and while the bond market is usually called "the smart market"....this time, I think it's wrong.
Wow, and silver is down too. It’s at 25.86 as I am typing this.
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