Why does silver dominate the discussion on this forum?

Discussion in 'Bullion Investing' started by myownprivy, Dec 10, 2017.

  1. myownprivy

    myownprivy Active Member

    We need to have some more discussions about gold here.

    So, what are your favorite types of gold to own? What have you purchased recently?

    I have mostly 1 oz gold Maples. (Amount to be kept private)
    In addition, I also like to mix things up and own a Sovereign, a half Sovereign, some $5 US gold pieces (pre 33), some 1/10 oz Maples and an Eagle, plus an Austrian Ducat. Most recently I purchased a 2.5 Mexican Peso.

    The Gold Maples make up the bulk of my gold savings. The others are all less than a full ounce and are items I have purchased in between my big purchases.

    How about you?
     
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  3. cpm9ball

    cpm9ball Cannot Re-Member

    Maybe it is because a lot of us can't afford to buy gold. Besides, when was the last time someone found a gold coin while CRH'ing?

    Chris
     
  4. Bman33

    Bman33 Well-Known Member

    My go to for 1 oz Gold is the American Gold Buffalo. I have been buying fractionals lately, just got a 1/10 oz AGE and a gold 2.5 Peso. I got deals on the premiums for those though. Fractional is fun but unless there is some sort of deal on the premium than it makes more sense to go with the full ounce. British Severeigns have caught my attention as they go for a 5% premium and are around a quarter ounce.
     
    myownprivy likes this.
  5. myownprivy

    myownprivy Active Member

    That's absolutely correct about full ounces vs fractionals.

    The problem with sovereigns is the buy backs at most places are too much under spot. I really enjoy the two that I have, but I have never bought more for that reason.

    If you check Provident, here's the evidence:
    Current gold: $1243.
    Current Sovereign: $316
    AGW: .2354, $292
    Buy price: $289

    So, this is one of those gold pieces that will always sell above spot but sell below it. With full ounce pieces that is not the case. Even with fractional Eagles or Maples the buy back price is above spot, so if you can pick them up when the premiums are cheaper, they're good buys. So be careful.
     
    asheland likes this.
  6. Bman33

    Bman33 Well-Known Member

    Good warning. I don't think about the buy back much on gold as compared to silver. Probably because I don't think I would sell it for a long time. Gold you Hold and silver is kind of a crap shoot. Lately it's been more crap.
     
    -jeffB and Santinidollar like this.
  7. Santinidollar

    Santinidollar Supporter! Supporter

    I don’t buy silver. When I add gold to my investment portfolio, it’s the 1 oz. American Gold Eagles, though the Gold Maples are starting to interest me. They seem to carry lower purchase premiums.

    My favorite is the Buffalo Gold. I’ve got a 2006 proof to scratch that itch and I consider it a collector’s coin. Same with the pre-1933 gold in my collection. Two separate silos.
     
  8. baseball21

    baseball21 Well-Known Member

    Silver always dominates because it's the cheapest which means the most people can afford it
     
    spirityoda likes this.
  9. myownprivy

    myownprivy Active Member

    I keep hearing that, but I just don't buy it.

    My assumption is that everyone active in the bullion forum spends at least a few hundred dollars on bullion per year. That is more than enough to buy at least a couple different fractional gold pieces per year. Hence, it opens the door for discussion. And if they can afford bullion, we know gold is the smarter buy as demonstrated by previous posts. https://www.cointalk.com/threads/my-revised-argument-for-the-best-way-to-invest-in-bullion.301564/

    Furthermore, if someone can't afford gold, then they shouldn't be buying silver or any other precious metal, either. They SHOULD be maxing out their (ROTH) IRA instead of buying bronze and silver Zombucks!
     
    Santinidollar likes this.
  10. Coin Talk User

    Coin Talk User New Member

    Gold coins are pretty affordable if you stick to US and other modern coins. It's mostly a state of mind, what one gets used to. I prefer them since they don't tend to discolor over time, though spotting can be an issue.
     
  11. baseball21

    baseball21 Well-Known Member

    What someone should do and what they do do can be two different things. I've seen people on other forums freely admit to not paying medical bills to buy for PMs as one example.

    Really there's a lot of reasons. Silver is more affordable, have a wide variation of designs where someone can easily find ones they like, some people believe in the gold silver ratio or that silver is under valued ect.
     
  12. Santinidollar

    Santinidollar Supporter! Supporter

    If I ever decide to jump in heavy on gold (say, convert 10 percent of my portfolio) I will probably go with an exchange traded fund. Easy in, easy out. That’s how I played the last gold rush. But frankly, I don’t see that happening again in the near future.
     
  13. cpm9ball

    cpm9ball Cannot Re-Member

    That is correct! It is just an assumption. Why don't you start a new thread to include a poll to see how many members actually buy gold or silver or both?

    Chris
     
  14. Santinidollar

    Santinidollar Supporter! Supporter

  15. Clawcoins

    Clawcoins Well-Known Member

    pre-33s and any more modern with a good Eagle design on it.
    I even have the miniscule $1 coins.

    but they cost more than silver ones ...
     
  16. cpm9ball

    cpm9ball Cannot Re-Member

    Nah! I'll let the OP start a poll since it was his assumption in the first place.

    Chris
     
  17. Bamagirl85

    Bamagirl85 New Member

    I'm a total newb to coin collecting/investing, so reading through these forums has been very helpful. That being said, I'm feeling better about my very first purchase.
    I bought a 1/4 oz Maple on Black Friday, and thought I got a pretty good deal on it.
    I'd like to buy a full ounce (or several) in the future.

    OP-- any reason why you chose to purchase Maples over American coins? That was a decision I was struggling with, but Maple won out because of the deal I got.
     
  18. Bman33

    Bman33 Well-Known Member

    It's pretty obvious that Silver dominates this forum because it is cheaper. It's the bullion for the masses. I first was just a silver bug when I started into PM's January of 2016. I thought it had more of a chance of an upswing than gold. Now I am leaning more towards gold mainly because I love it! They both seem to track each other but I believe I have a more mature view when I say gold is King. Doesn't mean I shun silver, I still love it too.

    The only thing I will say in regards to investing in silver and gold is make sure you are out of debt, have a solid savings in cash, and have a retirement plan going before you get into silver and gold. If you don't have those lined up I suggest doing so before "investing" in these two metals.
     
    Garlicus likes this.
  19. TheFinn

    TheFinn Well-Known Member

    The Maples are PURE gold, where as the AGEs are 22kt (91.67% gold). The AGB are 24kt, but have a higher premium than the gold Maple.
    The silver Maples are .9999 fine, whereas the ASE is .999 fine and doesn't even have that shown on the coin. So why not buy the purer metals at a lower price? Just makes logical sense.
     
  20. myownprivy

    myownprivy Active Member

    The primary reason why I buy Maples over Eagles is security. The American Eagle has no added security besides its unique size dimensions, like all bullion has unique to it. I like the hard to counterfeit privy marks and radial lines present on the Maples.

    My other reason is that, as you experienced, Maples sell for a little bit cheaper than Eagles.

    Thirdly, Maples are just prettier and actually fully gold in color, whereas uglier Eagles or Krugerrands have a copperish color to them due to their impurity. That doesn't change the value, but changes the individual's enjoyment of owning one or the other.



     
  21. sakata

    sakata Devil's Advocate Supporter

    That is false reasoning.

    Firstly, if you are buying it as an investment then you should be planing on holding long term. That means that the price today, both bid and ask, is not relevant to what the prices will be when you sell.

    Secondly, why would you sell it to someone who offers you less than you think it is worth? Sell it on one of the auction sites which does not charge a commission. There are plenty of people out there willing to pay the current price to buy a sovereign. I have bought several gold coins on them at the current fair market value.
     
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