Why does silver dominate the discussion on this forum?

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

  1. Santinidollar

    Santinidollar Supporter! Supporter

    Clear out that credit card debt and set up a retirement investment plan that is regularly funded before jumping into independent investments, including PMs.

    I realize that quite a few of us have to employ home mortgages and car loans. But if you can, pay those off early too and save and invest those savings.
     
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  3. sakata

    sakata Devil's Advocate

    That's right. I never bought a single ounce of PMs until I did not have a mortgage or any other kind of debt. As for car loans, the best bet is to never buy a car if you cannot afford to pay cash.
     
    asheland likes this.
  4. myownprivy

    myownprivy Active Member

    You have said this many times before and you still don't seem to understand why your reasoning is flawed.

    If you pay more today, you have to wait for the price to go up even higher to realize a profit.

    That should be very obvious to most people.
     
  5. sakata

    sakata Devil's Advocate

    Of course it is obvious. But you were not complaining about the buy price. You were complaining about the sell price. You should buy it for 6% (or whatever) above spot now and selling it for the same percentage above in the future. Then your profit is 6% of the increase in spot.
     
  6. Santinidollar

    Santinidollar Supporter! Supporter

    Take the car a step further. Keep it maintained, change the oil and fluids and run it into the antiques museum.
     
    SilverMike likes this.
  7. sakata

    sakata Devil's Advocate

    You must be referring to the 1972 Superbug my wife has. Or maybe the 1995 truck, 2001 saturn or 2002 outback - all in perfect running order.
     
  8. Santinidollar

    Santinidollar Supporter! Supporter

    2000 Toyota Camry. V6. Runs like a top.
     
    asheland likes this.
  9. Like others said, silver is cheaper. I have about 200 ounces of silver and started focusing on gold. It takes up less space and is much easier to store when you look at dollar value. Being in the military, I have to move every 4 years so its a pain to ship/transport. I have a bag of "world gold", Krugs, maples, roosters, etc. I also started a bag of American gold, Buffalo, and several fractional eagles bc they are affordable for me. Got the IRA set up, have a house I purchased for retirement and all the bills are paid so I buy what gold I can afford each month. I try to pick up Pre1933 2.5 Indians when they are on sale on JM Bullion.
     
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  10. imrich

    imrich Supporter! Supporter

    In my opinion, Smart Man!

    In 1990 I bought a relatively very expensive new Toyota Previa AWD van, since then a AWD 1992 Previa (ten years later), and recently a 2000 AWD Sienna. My purchased new 1990 Toyota with the auto oil feed, timing chain 4 cylinder van has NEVER had a "tune-up", or a replacement drive component (belts replaced once, brakes & exhaust twice, tires 3 times), 200K+ miles, hardly any body, but runs like a top. My normal daily mileage in the past was ~150 miles.

    I've purchased several new American cars to please others, but found I didn't want to spend that much time in repair shops, so I have a large collection of relatively low mileage American cars, and high mileage Asian cars.

    My attitude, which has generally never failed me in equipment, is to save before and after by buying quality.

    I have a zero credit rating, and no money in institutionalized savings.

    I found that the nicest Silver coins can REALLY turn ugly over a half century, seemingly regardless of how they're stored. My collection of classic 90% Gold are seemingly beautiful today as when purchased, having been/are great treasures. They've also been a wonderful investment, although virtually every one took some time to save the purchase cash payment. I then found that many coins are viewed before a purchase, and like my equipment/home, quality is viewed/acquired.

    I chuckle some when I hear individuals state they can't afford Gold coins, as I've traded/graded up almost my entire Gold collection to currently generally nothing but 1st tier TPG certified classic and Proof modern. My ugly Silver coins are being sold as "loss leaders" to acquire certified classic Gold or top grade Gem CAC Silver coins.

    Have Patience and be rewarded.

    JMHO
     
    Last edited: Dec 10, 2017
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  11. longnine009

    longnine009 Hammer of the gods

    Which way to the Apocalypsie Bop?
    20171207_070641-1.jpg 20171207_070526-1.jpg
     
    Last edited: Dec 11, 2017
  12. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Easy answer, it,s cheap...LOL
     
    asheland likes this.
  13. Clawcoins

    Clawcoins Well-Known Member

    I'd be curious to know, per year how many silver vs gold coins/tokens designs were made,
    such as for 2017 just briefly looking at the US Mint Product Schedule they made about
    25 Silver
    8 Gold

    It kinda shows that Silver is a more popular metal to use for coinage/medals. Probably, as mentioned many times by various people, its more affordable.
    dirty slab but an oldie ...
    McKinley_Obversea.jpg
     
  14. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    My previous post, pretty much sums it up, however there are allot more choices
    In Silver coinage as well so there,s another reason :)
     
  15. asheland

    asheland The Silver Lion

    I think both are smart to buy.
     
  16. Bman33

    Bman33 Well-Known Member

    Craving more gold! A gold Buff is calling my name. I still think it might go down further but you never know. I'll wait it out I guess.
     
  17. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Gold is always calling my name, I better start answering..LOL
     
    Bman33 likes this.
  18. Bman33

    Bman33 Well-Known Member

    Over the last year the low was $1,128. I think under $1,300 it's a good time.
     
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