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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: Silver in 2014 [Re: 4nik8]
#19475952 - 01/26/14 09:39 AM (10 years, 29 days ago) |
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So if i'm just buying as a wealth hedge, i should get the generic shit?
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Re: Silver in 2014 [Re: memes]
#19475985 - 01/26/14 09:55 AM (10 years, 29 days ago) |
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Quote:
memes said: So if i'm just buying as a wealth hedge, i should get the generic shit?
I think you had better stick with Federal Reserve notes. The full faith thing.
Yeah, buy the cheapest bar you can get. When the time comes, people will go, what the fuck, is this cheap fucking ass generic shit silver? We gotta assay it. We never even seen silver this cheap.
Or better yet, buy SLV. Perfect for you.
-------------------- Anxiety is what you make it.
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
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you're being a dick or not
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Re: Silver in 2014 [Re: memes]
#19476029 - 01/26/14 10:11 AM (10 years, 29 days ago) |
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?
Buy some Maples. You know you like it purer.
-------------------- Anxiety is what you make it.
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Re: Silver in 2014 [Re: memes]
#19476356 - 01/26/14 11:43 AM (10 years, 29 days ago) |
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Quote:
memes said: So if i'm just buying as a wealth hedge, i should get the generic shit?
If the price skyrockets, all the distinctions between the different ones dont matter because they are all going to be tossed in a melter.
If the price plummets then the distinctions between your coins, rounds and bars will make a big difference since none of them will be melted down. If silver went down to single digit prices all of a sudden the premium you paid for pandas, marijuana icons, etc will actually keep your coin/round more valuable than its generic cousins.
As a wealth hedge you should just buy SLV IMO. The only reason to buy physical is for a hobby/fun or if you really think that a Mad Max future is on the horizon.
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
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Quote:
DieCommie said: As a wealth hedge you should just buy SLV IMO. The only reason to buy physical is for a hobby/fun or if you really think that a Mad Max future is on the horizon.

Thanks.
May stick to physical just for fun. I like the thought of having a bunch of silver bars laying around
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Quote:
Buy some Maples. You know you like it purer.
Purer is worse in this case because it makes them far more fragile for a negligible gain in actual silver weight. The best thing about maples is their downside protection at $5 Canadian dollars and the fact that they are generally slightly cheaper than eagles.
Personally, I have a mix. About half of my silver junk silver (90% old currency). The other half is a mix of rolls of silver eagles and libertads as well as generic rounds and artistic rounds.
Edit - I picked up 17 of these over the summer. I really like them. Definitely not what silver bugs would suggest you buy... lol, I like them though and I paid nearly spot for them.
http://www.apmex.com/product/9572/1780-austria-maria-theresa-silver-thaler-au-better-asw-7516
Edited by DieCommie (01/26/14 11:55 AM)
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evlovevlove
journeyman
Registered: 06/14/02
Posts: 102
Last seen: 9 years, 5 months
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Here is basic question for everyone here excited about buying silver:
If you are buying at 10% or 20% over the spot price and can only easily sell at or below spot price, what kinds of fluctuations are you expecting over what time period to make this make sense? The transaction prices are pretty ridiculous!
(Please correct the assumptions above if they are incorrect and provide the names of buyers and sellers that go against these assumptions.)
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Corporal Kielbasa


Registered: 05/29/04
Posts: 17,235
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Now thats a good price for such an old coin even though its 1/4 from a full ounce. My friend dug up a 8 reales 5O years older then that. Something about old coins. Brings me back to the days of the open sea and the colonies. 1780 smack amidst the revolutionary war. When people wore buckles on their shoes and shot muzzle-loader muskets.
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DieCommie

Registered: 12/11/03
Posts: 29,258
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No, they are re-strikes. They have been struck with the 1780 date for hundreds of years and are struck that way today. This happens more often than you think. Mexican Dos Pesos are the same way, among other coins.
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DieCommie

Registered: 12/11/03
Posts: 29,258
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Quote:
evlovevlove said: Here is basic question for everyone here excited about buying silver:
If you are buying at 10% or 20% over the spot price and can only easily sell at or below spot price, what kinds of fluctuations are you expecting over what time period to make this make sense? The transaction prices are pretty ridiculous!
(Please correct the assumptions above if they are incorrect and provide the names of buyers and sellers that go against these assumptions.)
Why would I buy for above spot and sell for less than spot? Only crackheads who steal the silver sell it for under spot.
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Corporal Kielbasa


Registered: 05/29/04
Posts: 17,235
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Oh shit... .
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Gorlax



Registered: 05/06/08
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Last seen: 4 days, 23 hours
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Yeah basically just buy from trusted vendors. Nothing more to it. If your trying to collect then buy collectable bars but I'm pretty sure most of us are just trying to make an investment.
- I've been looking at the silver prices everyday and no dramatic changes really. Double dip first week of Jan, rise following week, and now static around 20. Watch February now because as I said if January does fine their will be a spike coming and you don't want to miss that.
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Quote:
DieCommie said:
Quote:
memes said: So if i'm just buying as a wealth hedge, i should get the generic shit?
If the price skyrockets, all the distinctions between the different ones dont matter because they are all going to be tossed in a melter.
If the price plummets then the distinctions between your coins, rounds and bars will make a big difference since none of them will be melted down. If silver went down to single digit prices all of a sudden the premium you paid for pandas, marijuana icons, etc will actually keep your coin/round more valuable than its generic cousins.
As a wealth hedge you should just buy SLV IMO. The only reason to buy physical is for a hobby/fun or if you really think that a Mad Max future is on the horizon.
Buy SLV? I was kidding, you apparently are not. That is horrible advice. The difference between physical silver, and the scam SLV, is huge.
-------------------- Anxiety is what you make it.
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Asante
Mage


Registered: 02/06/02
Posts: 87,000
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Re: Silver in 2014 [Re: memes]
#19480554 - 01/27/14 09:43 AM (10 years, 28 days ago) |
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Quote:
memes said: So if i'm just buying as a wealth hedge, i should get the generic shit?
First off: no SLV. SLV is paper promises, you need the actual physical metal in your possession. Theres like 10x more paper silver being traded than there is actual real silver. One of these days that house of cards will come tumbling down, people will realize they were promised silver and theres not enough silver around so there'll be a silver run, like a bank run, of people wanting to take delivery of actual silver.
This will cause lots of buying of actual physical silver and the price of physical silver will soar, which only aggrevates the condition.
When that day comes, will you have silver to sell or will you have a stack of paper promises of silver that loses its value?
Now as to your question: Not all silver is alike. The silver you want is LBMA certified silver, silver by respected melters-assayers that can be traded without the silver having to be tested or weighed.
Good examples are the Royal Canadian Mint with its Maples and bars. Also, the US Mint, with bags of 90% silver dollars and change, and with the Silver Eagle and Gold Eagle bullion coins. Or, the premier manufacturers of silver bullion bars like Engelhard, Johnson-Matthey.
Whats more of a risk is silver ROUNDS. Anyone can stamp and issue silver rounds, for instance companies order minting of silver rounds as gifts for their clients. Here the minter is NOT certified and it might be a harder sell. Also with industrial silver, the granulate, theres no stamp warranting authenticity at all and this will always have to be tested before sale.
So to break it down for you to a quick Yes List:
Krugerrand gold coins Philharmoniker 1oz silver & gold coins RCM Silver Maples and Gold Maples of 1 oz US Mint Silver Eagles, Gold Eagles and old 90% silver dollars and change ("90% Junk Silver") Johnson-Matthey Bars (silver and gold) Engelhard Bars (Silver and gold)
-------------------- Omnicyclion.org higher knowledge starts here
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Bambi
Friendly Forrest Animal




Registered: 03/22/09
Posts: 1,668
Last seen: 7 months, 22 days
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Quote:
LunarEclipse said:
Quote:
DieCommie said:
Quote:
memes said: So if i'm just buying as a wealth hedge, i should get the generic shit?
If the price skyrockets, all the distinctions between the different ones dont matter because they are all going to be tossed in a melter.
If the price plummets then the distinctions between your coins, rounds and bars will make a big difference since none of them will be melted down. If silver went down to single digit prices all of a sudden the premium you paid for pandas, marijuana icons, etc will actually keep your coin/round more valuable than its generic cousins.
As a wealth hedge you should just buy SLV IMO. The only reason to buy physical is for a hobby/fun or if you really think that a Mad Max future is on the horizon.
Buy SLV? I was kidding, you apparently are not. That is horrible advice. The difference between physical silver, and the scam SLV, is huge.
If you only plan to hold silver for a ~5 year period or less, then there is nothing wrong with buying SLV, as if something major were to go down, you could sell out before any "scam" sets in. plus, you would have planned to only hold for a short period of time anyhow. If you plan to hold on the longer term, more than ~5 years, then of course, buy physical silver.
--------------------
"I want to read, talk with my friends via the computer, and enjoy my life now that people know I'm not dead. " -Rom Houben
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memes
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Registered: 01/11/05
Posts: 27,785
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Re: Silver in 2014 [Re: Bambi]
#19480624 - 01/27/14 10:08 AM (10 years, 28 days ago) |
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Thanks, everyone
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Shpongle1



Registered: 10/20/09
Posts: 3,163
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Re: Silver in 2014 [Re: memes]
#19480818 - 01/27/14 11:13 AM (10 years, 28 days ago) |
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My silver came! It's not the same style as what I had expected but I really don't care. The back of this one is pretty cool with the JM and 2 hammers logo printed all over it. Good shit!
-------------------- There are more people imprisoned for the commission of drug offenses in the United States - close to 500,000 - than are incarcerated in England, France, Germany, and Japan for all crimes combined. Examined in another way, the United States has 100,000 more people incarcerated for nonviolent drug offenses than all the countries of the European Union combined, despite the fact that the European Union has 100 million more citizens.
- "Drugs and Drug Policy: The Control of Consciousness Alteration, 2007.
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Gorlax



Registered: 05/06/08
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Damn that looks fucking badass now get a heavy ass gun safe!
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memes
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Registered: 01/11/05
Posts: 27,785
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Re: Silver in 2014 [Re: Gorlax]
#19481560 - 01/27/14 02:20 PM (10 years, 28 days ago) |
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I was just wondering this morning whether your silver had come yet. I remember you saying you had ordered it.
That is fucking SEXYYYYYYY.
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