Why are people trying to get me to buy Silver ?

Discussion in 'Bullion Investing' started by mpcusa, Feb 4, 2025.

  1. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Fist off I have no ill will against Silver but ever since my safe shel broke...LOL, I decided to stick with gold and hear the same old argument, silver has a ways to get back to $50
    an once and GOLD has already topped out but by the time I finish this post its gone up
    again $2,842.08, My kind of numbers !
     
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  3. alhenry92

    alhenry92 32 Year Old Liberty Nickel Enthusiast

    I personally love silver just as much as gold. But financially, silver is a lot easier to buy in bulk for a broader amount of people to those who want it. Not too many people my age can go out and just buy 1oz bars of gold when you can get a 10oz silver bar for substantially less, and that just makes it stack a lot faster.
     
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  4. Clawcoins

    Clawcoins Damaging Coins Daily

    Silver is cheaper to purchase an ounce versus Gold.
    If you can buy Gold ... then buy Gold.
     
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  5. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I use to collect 10oz boutique bars, at one time I had allot of them, but the question is where to store them ? they have value so the should be kept under lock and key
    now if I could just find a lock for underneath by bed...LOL
     
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  6. Collecting Nut

    Collecting Nut Borderline Hoarder

    To a large number of people silver is affordable but gold is too expensive. Therefore, buy what you can.
     
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  7. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Lots of folks believe silver will move more percentage-wise than will gold, and they've invested in it for that reason among others, but it hasn't done so.

    It may be that you're being prodded by some who can't or won't buy as much gold because they're bigger believers in silver.

    If one can't move the silver market upward with one's own money, maybe they can convince others to pile on and do it for them.

    It's sort of like convincing others to take a swing at Bitcoin . . . ;).
     
    -jeffB, Jeffjay and slackaction1 like this.
  8. slackaction1

    slackaction1 Supporter! Supporter

    Mpcusa, go back to Costco and get them silvers bars and sell them on here. Take the monies and buy more gold.
     
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  9. 1776

    1776 Active Member

    The goldbacks ( that I just discovered) are really cool and make great gifts
     
    rte likes this.
  10. Tall Paul

    Tall Paul Supporter! Supporter

    I figure that if things ever go sideways I'll be able to use 90% silver coins to buy groceries.

    edited
     
    Last edited by a moderator: Feb 5, 2025
    Randy Abercrombie likes this.
  11. rte

    rte Well-Known Member

    My nearest Costco store is 60 miles away in California...I'd be tempted but California still has the $2000 threshold and the Johnny Corinos that was a must stop has got be down hill.

    Now you did it :p
    I talked with a guy the other day that put 10k into some Bcoins hoping it goes to a million.
     
    alhenry92 likes this.
  12. Jeffjay

    Jeffjay Well-Known Member

    Hope you have a lot of it. He who holds the groceries can set the price however they want.
     
    Tall Paul likes this.
  13. fretboard

    fretboard Defender of Old Coinage!

    Love your funny title! :smuggrin:
     
    mpcusa likes this.
  14. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    and yes I own it...LOL
     
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  15. slackaction1

    slackaction1 Supporter! Supporter

    How do you buy from a refiner?? Dealers I guess sell excess metals to refiners, who in turn purity it and turn it into Comex Bars. So can general public buy directly from a refiner.
     
  16. -jeffB

    -jeffB Greshams LEO Supporter

    Back around the 2011 surge, people here were saying refiners usually just sold coins on as coins instead of melting them. Not sure if that's still true, but I hope so...
     
  17. rte

    rte Well-Known Member

    IF possible A buyer would still have to be a business and probably buy in larger quantities, but doubtful.
    Maybe just maybe the foreman or management has a thing for a gold piece now and again but it's probably hard to stop the process once in motion?
     
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