if you want some advice about silver id suggest leaving the bars alone as they are just bars. The initial attraction is more oz per $$$ which is all good but coins like Chinese pandas and others are a better investment long term IMO. They have a collectors appeal as well as the under lying spot price. The royal mint queens beasts are a great example of a coin with massive collectors appeal at the moment. You could in theory sell every 5 years your old coins and buy the current years and gather up more and more metal. Platinum is attractive but the problem is most of the demand is industrial which is only going to dry up as the world switches to electric. Silver is a fake market and its quite evil though. The price is nothing to do with supply demand so when it comes to selling its going to bubble quickly and you need to get out and walk away. Palladium is rare as rocking horse and was controlled by russia until the recent price explosion because basically they have run out. It has solid fundamentals but the premiums on physical are usually high. I was lucky i bought an oz at 500 dollars. Precious metals are insurance and even though im well in profit on all mine im still reluctant to sell because id feel naked without them.
You are viewing a single comment's thread from:
While I agree on buying semi numismatic coins over bars, that is not recommended for a new stacker. Making the wrong coin choice you will lose the premium immediately and have just a piece of silver. The Queens Beast series is a winner but the series in one coin away from being over. The time for that series is over for a new buyer. The current premiums on American Silver Eagles is stupid and you’ll never recoup that money unless silver goes to $50 an ounce. Starting off bars are the best bet until you learn the market and what coins have a potential for being winners. Only 2-3% of all coins released become winners, even extremely low mintage ones. Platinum & palladium are very hard to sell on the aftermarket, and carry a huge premium to buy as a coin or bar. I strongly recommend getting into precious metals as they never lose buying power EVER. I have been a coin collector/stacker for three decades and have had to liquidate to get out of a bad partnership. I have hit many homeruns in my days but have struck out several times as well.
i think a lot depends on what country you live in. Im in UK so its entirely different. We pay VAT for a start unless you can buy from Germany. For me its a no brainer to buy coins instead of bars. The queens beasts were just an example of why you want coins and not bars. Chinese pandas are pretty much guaranteed to keep their value no matter what the market does. In America they tend to sell to coin shops and in the UK we just dont have that same thing going on so entirely different.
I get the whole VAT thing and think it ridiculous. The problem with pandas now is there are way to many produced and they are very prone to milk spots which turns your high premium coin to a piece of silver.