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InvisibleLana
Head Banana
Female

Registered: 10/27/99
Posts: 3,109
Loc: www.MycoSupply.com
Re: Silver takes a beating [Re: Adden]
    #17459815 - 12/28/12 07:52 AM (11 years, 1 month ago)

Quote:

Dystopia said:
It only makes sense to sell the rare coins and invest in bars, right?





The coin vs. bullion debate is a strong one.  With coins you'll pay a greater premium than with bullion but here's my two cents...

It's easy to buy silver/gold now.  You can buy until your hearts content.  The question is, when/if things get hard, what will it take for you to sell?    If you walk up to someone on the street with a bar of silver and tried to sell it, I believe you'd have a harder time than if you tried selling a silver coin.    Most people have no idea who manufacturers bullion.  A brand name in the bullion world is only known by others who buy and sell bullion.  But if you have a coin that's minted by a government (regardless of how defunct that government is) people can more easily recognize a coin.

I think both bullion and coins are great vehicles of value in the long term but if the SHTF and you need to buy something fast, I think coins would be easier to move than a silver bar with a harley minted into it :smile: 

Lana


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InvisibleLunarEclipse
Enlil's Official Story
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Registered: 10/31/04
Posts: 21,407
Loc: Building 7
Re: Silver takes a beating [Re: Lana]
    #17459911 - 12/28/12 08:21 AM (11 years, 1 month ago)

Quote:

Lana said:
Quote:

Dystopia said:
It only makes sense to sell the rare coins and invest in bars, right?





The coin vs. bullion debate is a strong one.  With coins you'll pay a greater premium than with bullion but here's my two cents...

It's easy to buy silver/gold now.  You can buy until your hearts content.  The question is, when/if things get hard, what will it take for you to sell?    If you walk up to someone on the street with a bar of silver and tried to sell it, I believe you'd have a harder time than if you tried selling a silver coin.    Most people have no idea who manufacturers bullion.  A brand name in the bullion world is only known by others who buy and sell bullion.  But if you have a coin that's minted by a government (regardless of how defunct that government is) people can more easily recognize a coin.

I think both bullion and coins are great vehicles of value in the long term but if the SHTF and you need to buy something fast, I think coins would be easier to move than a silver bar with a harley minted into it :smile: 

Lana




Yeah gotta watch that harley stuff.  Likewise all those 1 oz specialty rounds.  They are cute but who the hell will trust that crap when the time comes? 

The best coins IMO for all the above reasons AND give you a tremendous kicker for possible and real numismatic gain are coins like the recent Canadian Maple leaf wildlife series.  Beautiful coins and priced right if you get them from APMEX when they first come out.  Buy a tube if you can so they are mint fresh but either way it's all good. 

A little more numismatic potential but riskier from a SHTF standpoint (or maybe BETTER if China wins!) are the silver 1 oz Chinese Pandas.  Highly collectible, beautiful coins (truly) and if you buy them early you are almost certainly a winner numismatic wise.  Then you can resell to the likes of APMEX and probably even make money if you wait a while.  Lunars are also great but not nearly as collectible as the pandas...

But yeah if things get truly bad you absolutely want junk 90% silver coins.  Gold virtually useless for trade at that point even 1/10 oz will be $170 like now or a lot more.


--------------------
Anxiety is what you make it.


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Offlineqman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 23 hours, 47 minutes
Re: Silver takes a beating [Re: LunarEclipse]
    #17460111 - 12/28/12 09:32 AM (11 years, 1 month ago)

Gold and silver approaching the "end game" in the paper market?

http://www.silverdoctors.com/harvey-organ-china-behind-gold-silver-manipulation/#more-19311


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InvisibleAdden
I'm a teapot
Registered: 06/04/03
Posts: 39,201
Loc: Flag
Re: Silver takes a beating [Re: LunarEclipse]
    #17460629 - 12/28/12 11:37 AM (11 years, 1 month ago)

Quote:

LunarEclipse said:
A little more numismatic potential but riskier from a SHTF standpoint (or maybe BETTER if China wins!) are the silver 1 oz Chinese Pandas.  Highly collectible, beautiful coins (truly) and if you buy them early you are almost certainly a winner numismatic wise.  Then you can resell to the likes of APMEX and probably even make money if you wait a while.  Lunars are also great but not nearly as collectible as the pandas...




There are a shitload of counterfeit Pandas now. Someone mentioned it somewhere and I brought it up with my dealer.

They had someone come in with 5 rolls of them and they were all fakes.

Imagine that? Jesus christ..


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InvisibleGilgamesh18
Herbivore Man

Registered: 03/01/12
Posts: 11,671
Re: Silver takes a beating [Re: Adden]
    #17460745 - 12/28/12 12:09 PM (11 years, 1 month ago)

Quote:

Dystopia said:
Quote:

LunarEclipse said:
A little more numismatic potential but riskier from a SHTF standpoint (or maybe BETTER if China wins!) are the silver 1 oz Chinese Pandas.  Highly collectible, beautiful coins (truly) and if you buy them early you are almost certainly a winner numismatic wise.  Then you can resell to the likes of APMEX and probably even make money if you wait a while.  Lunars are also great but not nearly as collectible as the pandas...




There are a shitload of counterfeit Pandas now. Someone mentioned it somewhere and I brought it up with my dealer.

They had someone come in with 5 rolls of them and they were all fakes.

Imagine that? Jesus christ..



I don't like the premiums on pandas either jesus christ my local coin store has em marked up 6 over spot. Generic rounds and eagles are 1.50-2 over spot so I stick with those.


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InvisibleLunarEclipse
Enlil's Official Story
Male User Gallery

Registered: 10/31/04
Posts: 21,407
Loc: Building 7
Re: Silver takes a beating [Re: Adden]
    #17461813 - 12/28/12 03:59 PM (11 years, 1 month ago)

Quote:

Dystopia said:
Quote:

LunarEclipse said:
A little more numismatic potential but riskier from a SHTF standpoint (or maybe BETTER if China wins!) are the silver 1 oz Chinese Pandas.  Highly collectible, beautiful coins (truly) and if you buy them early you are almost certainly a winner numismatic wise.  Then you can resell to the likes of APMEX and probably even make money if you wait a while.  Lunars are also great but not nearly as collectible as the pandas...




There are a shitload of counterfeit Pandas now. Someone mentioned it somewhere and I brought it up with my dealer.

They had someone come in with 5 rolls of them and they were all fakes.

Imagine that? Jesus christ..




Hey thanks for the heads up.  Considering there have been tungsten filled 400 oz gold bars in "good delivery" LME vaults in Hong Kong etc. nothing would surprise me.


--------------------
Anxiety is what you make it.


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InvisibleLunarEclipse
Enlil's Official Story
Male User Gallery

Registered: 10/31/04
Posts: 21,407
Loc: Building 7
Re: Silver takes a beating [Re: qman]
    #17461844 - 12/28/12 04:07 PM (11 years, 1 month ago)

Quote:

qman said:
Gold and silver approaching the "end game" in the paper market?

http://www.silverdoctors.com/harvey-organ-china-behind-gold-silver-manipulation/#more-19311




Look to the IMF and their SDR.  The basket of currencies and including gold and silver.  The ultimate control over the exchange rate(s).  It's a prelude to one currency as it allows them to retire everything else (i.e. T Bonds?) and eventually the SDRs will be all that is left.


--------------------
Anxiety is what you make it.


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InvisibleShins
Fun guy
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Registered: 09/15/04
Posts: 16,337
Re: Silver takes a beating [Re: LunarEclipse]
    #17462921 - 12/28/12 07:24 PM (11 years, 1 month ago)

There has always been a lot of fake silver pandas... be careful, i have seen fake silver american dollars too.


--------------------
http://yourlogicalfallacyis.com/


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InvisibleshLong
Male User Gallery


Registered: 03/04/10
Posts: 25,330
Loc: 'sconsin Flag
Re: Silver takes a beating [Re: Shins]
    #17464113 - 12/28/12 11:32 PM (11 years, 1 month ago)

Why do I see people on ebay bidding 15-30% over spot value on 1-10 oz bars?
Just curious....


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InvisibleAsante
Mage
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Registered: 02/06/02
Posts: 86,795
Re: Silver takes a beating [Re: shLong]
    #17465020 - 12/29/12 07:21 AM (11 years, 1 month ago)

eBay madness, its got nothing to do with sanity because those bars are in ample supply with the usual suppliers at a much lower cost than at eBay.


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InvisibleMakaveli
OG
Registered: 04/01/99
Posts: 1,700
Loc: NY
Re: Silver takes a beating [Re: Asante]
    #17465075 - 12/29/12 07:45 AM (11 years, 1 month ago)

Quote:

Wiccan_Seeker said:
eBay madness, its got nothing to do with sanity because those bars are in ample supply with the usual suppliers at a much lower cost than at eBay.





Great thread.  Here is my dilemma:

I can not decide whether to go with SLV ETF, or to buy 2013 1 oz American Silver Eagle.

I can make free trades on my TD Ameritrade account and get the SLV shares basically at market value.  The Silver Eagle coins, between the
$4 mark up, shipping, credit card charges, etc., the added price is something to consider.  Now, I also know that SLV ETF isn;t necessarily backed by tangible silver.  However, I can get the shares and avoid the fees of buying physical silver.  I have no physical precious metals in my portfolio.  I literally ordered 30 2013 1 oz American Silver Eagle coins (they are waiting for me to send a check). and the total comes to #1,006.  Right now, I could get 30 shares of SLV for $970.

In your opinion, or anyone else who would like to advise, which should I go with?  Thank you very much.


Edited by Makaveli (12/29/12 07:46 AM)


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InvisibleLunarEclipse
Enlil's Official Story
Male User Gallery

Registered: 10/31/04
Posts: 21,407
Loc: Building 7
Re: Silver takes a beating [Re: Makaveli]
    #17465125 - 12/29/12 08:11 AM (11 years, 1 month ago)

Quote:

Makaveli said:
Quote:

Wiccan_Seeker said:
eBay madness, its got nothing to do with sanity because those bars are in ample supply with the usual suppliers at a much lower cost than at eBay.





Great thread.  Here is my dilemma:

I can not decide whether to go with SLV ETF, or to buy 2013 1 oz American Silver Eagle.

I can make free trades on my TD Ameritrade account and get the SLV shares basically at market value.  The Silver Eagle coins, between the
$4 mark up, shipping, credit card charges, etc., the added price is something to consider.  Now, I also know that SLV ETF isn;t necessarily backed by tangible silver.  However, I can get the shares and avoid the fees of buying physical silver.  I have no physical precious metals in my portfolio.  I literally ordered 30 2013 1 oz American Silver Eagle coins (they are waiting for me to send a check). and the total comes to #1,006.  Right now, I could get 30 shares of SLV for $970.

In your opinion, or anyone else who would like to advise, which should I go with?  Thank you very much.




Without doubt, the coins!  Are you serious? 

SLV is a time bomb waiting to explode along with GLD.  People!  Cmon, read the prospectus.  I have done so, it is appalling.  Truly.  The fact that JPM is the custodian and the LME is involved is reason enough to stay away.  Then you have this massive leverage aspect to consider esp with SLV.  If and when the SHTF your SLV will be worth ???  There is NO assurance it has to track the price of physical silver.  NONE.

Do yourself a favor, get the coins or a mix of coins and put them in a safe place for a rainy day.  It's a no brainer the fact you have zero physical metal is reason enough.  Now by a "safe place" I mean a safe place you have access to, and NOT at a bank.  If you have ever tried to get at the contents of a safe deposit box after someone has died and even as the executor, don't bother trying without a lawyer there to take inventory.  That's assuming you can even get into the bank.  Maybe they have taken "holiday".

Rant done get your coins.


--------------------
Anxiety is what you make it.


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InvisibleGilgamesh18
Herbivore Man

Registered: 03/01/12
Posts: 11,671
Re: Silver takes a beating [Re: Makaveli]
    #17465153 - 12/29/12 08:20 AM (11 years, 1 month ago)

Quote:

Makaveli said:
Quote:

Wiccan_Seeker said:
eBay madness, its got nothing to do with sanity because those bars are in ample supply with the usual suppliers at a much lower cost than at eBay.





Great thread.  Here is my dilemma:

I can not decide whether to go with SLV ETF, or to buy 2013 1 oz American Silver Eagle.

I can make free trades on my TD Ameritrade account and get the SLV shares basically at market value.  The Silver Eagle coins, between the
$4 mark up, shipping, credit card charges, etc., the added price is something to consider.  Now, I also know that SLV ETF isn;t necessarily backed by tangible silver.  However, I can get the shares and avoid the fees of buying physical silver.  I have no physical precious metals in my portfolio.  I literally ordered 30 2013 1 oz American Silver Eagle coins (they are waiting for me to send a check). and the total comes to #1,006.  Right now, I could get 30 shares of SLV for $970.

In your opinion, or anyone else who would like to advise, which should I go with?  Thank you very much.



Without a doubt get physical!!


--------------------


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Offlineqman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 23 hours, 47 minutes
Re: Silver takes a beating [Re: LunarEclipse]
    #17465312 - 12/29/12 09:10 AM (11 years, 1 month ago)

Quote:

LunarEclipse said:
Quote:

Makaveli said:
Quote:

Wiccan_Seeker said:
eBay madness, its got nothing to do with sanity because those bars are in ample supply with the usual suppliers at a much lower cost than at eBay.





Great thread.  Here is my dilemma:

I can not decide whether to go with SLV ETF, or to buy 2013 1 oz American Silver Eagle.

I can make free trades on my TD Ameritrade account and get the SLV shares basically at market value.  The Silver Eagle coins, between the
$4 mark up, shipping, credit card charges, etc., the added price is something to consider.  Now, I also know that SLV ETF isn;t necessarily backed by tangible silver.  However, I can get the shares and avoid the fees of buying physical silver.  I have no physical precious metals in my portfolio.  I literally ordered 30 2013 1 oz American Silver Eagle coins (they are waiting for me to send a check). and the total comes to #1,006.  Right now, I could get 30 shares of SLV for $970.

In your opinion, or anyone else who would like to advise, which should I go with?  Thank you very much.




Without doubt, the coins!  Are you serious? 

SLV is a time bomb waiting to explode along with GLD.  People!  Cmon, read the prospectus.  I have done so, it is appalling.  Truly.  The fact that JPM is the custodian and the LME is involved is reason enough to stay away.  Then you have this massive leverage aspect to consider esp with SLV.  If and when the SHTF your SLV will be worth ???  There is NO assurance it has to track the price of physical silver.  NONE.

Do yourself a favor, get the coins or a mix of coins and put them in a safe place for a rainy day.  It's a no brainer the fact you have zero physical metal is reason enough.  Now by a "safe place" I mean a safe place you have access to, and NOT at a bank.  If you have ever tried to get at the contents of a safe deposit box after someone has died and even as the executor, don't bother trying without a lawyer there to take inventory.  That's assuming you can even get into the bank.  Maybe they have taken "holiday".

Rant done get your coins.


:whathesaid:


Some investors suggest CEF (Central Fund of Canada) 50% silver and 50% gold, and also PSLV (Physical Sprott Silver) as alternatives to owning physical. CEF and PSLV hold physical in Canada, check it out and do our own DD.

Some investors even have issue with both of those investments, I own neither but my father owns CEF.


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InvisibleMakaveli
OG
Registered: 04/01/99
Posts: 1,700
Loc: NY
Re: Silver takes a beating [Re: Gilgamesh18]
    #17465510 - 12/29/12 10:18 AM (11 years, 1 month ago)

Thanks for the replies guys.

So physical silver it is!

I am now worried about my GLD investment.  I am an amateur when it comes to investing and stocks (only started a few weeks ago).  GLD has consistently gone up in the long term.  Should I be worried about this investment and sell?  I will have only lost $20 or so.  Thanks!


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InvisibleGilgamesh18
Herbivore Man

Registered: 03/01/12
Posts: 11,671
Re: Silver takes a beating [Re: Makaveli]
    #17465639 - 12/29/12 10:55 AM (11 years, 1 month ago)

Quote:

Makaveli said:
Thanks for the replies guys.

So physical silver it is!

I am now worried about my GLD investment.  I am an amateur when it comes to investing and stocks (only started a few weeks ago).  GLD has consistently gone up in the long term.  Should I be worried about this investment and sell?  I will have only lost $20 or so.  Thanks!



I recently liquidated a mutual fund tied to the stock market and swapped the cash for physical silver. Personally with the way this country is headed get into hard assets gold, silver, land if you can. These are pretty much sure fire holders of wealth the stock market is going to tank once the inevitable fiscal cliff happens. Hold on to your hats and stock up now while the metals are cheap and not every person is aware that precious metals are going to be worth more than fiat currency.


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Offlineqman
Stranger

Registered: 12/06/06
Posts: 34,927
Last seen: 23 hours, 47 minutes
Re: Silver takes a beating [Re: Gilgamesh18]
    #17466576 - 12/29/12 02:37 PM (11 years, 1 month ago)



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InvisibleShins
Fun guy
Male User Gallery


Registered: 09/15/04
Posts: 16,337
Re: Silver takes a beating [Re: qman]
    #17466792 - 12/29/12 03:29 PM (11 years, 1 month ago)

dont buy futures.

futures are the enemy of the goldbug.

these paper derivatives are used to suppress and manipulate the metals markets by creating false volume by trading in unbacked, paper derivatives.

buy physical silver, destroy JP Morgan.


--------------------
http://yourlogicalfallacyis.com/


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InvisibleMakaveli
OG
Registered: 04/01/99
Posts: 1,700
Loc: NY
Re: Silver takes a beating [Re: Shins]
    #17470053 - 12/30/12 08:10 AM (11 years, 1 month ago)

Quote:

Shins said:
dont buy futures.

futures are the enemy of the goldbug.

these paper derivatives are used to suppress and manipulate the metals markets by creating false volume by trading in unbacked, paper derivatives.

buy physical silver, destroy JP Morgan.





Don't destroy JPM.  I like my job :smile:


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InvisibleLunarEclipse
Enlil's Official Story
Male User Gallery

Registered: 10/31/04
Posts: 21,407
Loc: Building 7
Re: Silver takes a beating [Re: Makaveli]
    #17470274 - 12/30/12 09:55 AM (11 years, 1 month ago)

Quote:

Makaveli said:
Thanks for the replies guys.

So physical silver it is!

I am now worried about my GLD investment.  I am an amateur when it comes to investing and stocks (only started a few weeks ago).  GLD has consistently gone up in the long term.  Should I be worried about this investment and sell?  I will have only lost $20 or so.  Thanks!




GLD will track the price of physical gold with a slight discount for now.  There may come a time when it will trade at a much bigger discount to physical gold prices. 

I like your silver plan much better, and like silver much more than gold as a holding.  Gold is pretty but silver is the real deal.  And other than some big holders GLD isn't really backed by gold, and if the SHTF JPM will not be holding the proverbial "bag".  Read the prospectus BEFORE investing.  All the shills on CNBC etc. push ETFs, and there is a reason.  They are shills!


--------------------
Anxiety is what you make it.


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