You know what they say in investing, when no one else wants it - it's time to buy!
That is kind of what is going on with silver, there is no buzz about it. The masses aren't investing in it and it's near the bottom of it's historical price range.
Diversification Continues...
Decided I wanted to get some exposure to silver a few months ago, the plan was to cash out a little crypto to make some long-term investments in silver miners.
Then I got a phone call from an old day trading buddy who needed to raise a little capital. He was selling off his silver coin holdings.
Coins wasn't the initial route I was looking to go, but having actual silver is probably a good idea as part of my silver exposure. Plus, he was selling them at a discount to current price to get quick easy cash.
He had an assortment of coins and of course I decided to go with the Australian ones, because apparently I love everything Aussie.
Pic of One of the Coins
Grabbed 25 coins in total for $1K; so $40 a coin, which I was happy with since the cheapest I could find them from a dealer was $59 and they were out of stock to boot.
Not a huge investment, but it's a start. I really wanted the gold coin he had worth about $3,500! If only he had called me a month ago when crypto was 50% higher..lol!
Anyway, time to put these in the safe deposit box and forget about them until the price of silver doubles :-)
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Disclaimer: All info in this post is my opinion and for educational use.
Free e-book: ScaredyCatGuide to Knowing What the Heck Bitcoin Is
Best Regards,
Disclaimer: All info in this post is my opinion and for educational use.
I was literally JUST telling my roommate he needs to start buying silver bullion. The market is coiled like a spring and ready to jump in the next year or two tops.
It was double this price in 2011 and I fully expect $50/oz in the near future. Remember prices are being kept suppressed by PAPER trades, so only stock on on physical metals ok :)
Did you comment on my post, then upvote your comment, but not upvote the post? Say it ain't so!
Oh lookit you with your fancy graded Aussie silver coins - haha XD
Glad you got into some silver as I know you were pining to invest in this sector for a few weeks now. I really should get on my article where I lay out my top 5 or so silver miners for the year. Maybe tomorrow.
The to do list is ever growing my friend! I only bought about half of what he had, probably should have grabbed all of it, but not feeling as crypto rich as I was a month ago LOL.
Up voted Very well put articleGreat job
Good investment, Will always have value. Besides nice to look at.
Haha - I thought from the headline that "silver" was a new ICO i hadn't heard about yet...
Haha, give it a week....I'm sure someone has the ICO brewing ;-)
I'm confused. The price of silver is less than $20/oz but you paid $40 each for 1oz coins?
you always pay a premium over spot price for graded semi numismatics like the coins he is showing
Smart move, I'm a huge fan of Perth mint coins. Look into the Lunar coins in the odd weights. I found a way to stack silver at wholesale prices and collect MS 70 coins and make money doing it. http://mtbus.com/mintbuilder/869731.html its a way to become your own mint.
Nice, thanks for the info.
Next to crypto, silver is the thing that interest me the most as far as investing goes. It's a solid buy that will always have some value, and you can carry the coins with you if the apocalypse comes and you need some kind of currency everyone accepts. ;)
WAit, I want to see these before you put them away!
They are still out. I probably should have bought more, he had more. Why can't steem be at 7 when I need it too lol
I think is a good choice to diversify your portfolio. Cryptocurrencies looks promising but nobody knows what will happen
Estates sales and garage sales are good for silver. Silver coins are great when you pick them up. But I have a little box full just from finding them in jewelry boxes. Also random silver pieces can be sold by weight. Just make sure that it doesn't have value on top of the weight. For instance if you found some sterling flatware. Some patterns are in high demand, some aren't. Double check first! Gold is also something that can be acquired cheap at sales if you know what you are looking for. Get yourself a gram scale and get familar. Gold and silver are perfect to keep in a safety deposit box for long term! Isn't it interesting they have value, like Bitcoin but it's very hard to spend. :)
Yes, so many little ways to find value. Guess you can say that about alot of different assets classes. Suppose this is why it's hard to specialize in a bunch of them. Appreciate the info, I'll prob grab more when I see opportunity.
I cant wait for this Cliff High crypto that he keeps referring to, that appears this year and renders the bankster manipulations ineffective against the price of the real physical metals
BTW you got yourself a canny haul of the shiney stuff there and at a discount too, for such semi numismatics
Welcome to the silver stacking world. Since you are new to these silver coins, I will mention that you can buy a box for coins in these NGC holders. The boxes keep them separated, spaced, and in perfect condition.
For example . . .
https://www.apmex.com/product/4218/ngc-20-coin-slab-storage-box
Awesome, appreciated the info
Are you Aussie?
If so the Perth Mint has a fully redeemable Gold security that is traded on the ASX.
I am not mate, though all my Aussie buddies joke that I mind as well move there. That sounds like a cool security!