10 1 oz. Krugerrands. I prefer minted coins as opposed to rounds or bars. Used to buy Maple leafs but i'm soured on Canada lately. Anyway, with the geopolitical situation i figured the price of Silver would have gone up. Nope, it's down today. Go figure.....
Both gold and silver were up this morning, and both headed down. Silver now at 24.40, gold at 1914.52.
I have been buying silver and gold for a few years now. I try to watch for a dip and buy some more.
I agree it is probably better to buy coins, not rounds. Rounds are too easy to fake.
I like the Silver eagles but hate paying a $10 premium or more for the same silver that is in Kruggerrands and Maple Leafs.....but I do it on occasion. I guess if the SHTF, people will be more prone to go with the Eagles.
They are harder to fake I guess.
If you buy a tube of 25 when you can afford it, just put it in the safe and forget about it.
Someday you will not regret it.
I buy mostly from JM Bullion, and never have had a hiccup. Good service, good communication, always delivers.
Today, I watched it open at something like up 85 cents but it settled down.
I am watching for the next dip to buy more.
I actually called the bottom once and bought a bunch....I'm not that lucky every time but I have a target price in mind and if it hits that price, I buy.
It is all a crap shoot to call the bottom. Win some, lose some.
Collector and shooter of guns and other items that require a tax stamp, Lead and brass scrounger. Never too much brass, lead or components in inventory! Always looking to win beauty contests with my reloads.
Silver hasn't really gone up in years. Commercials all the time touting $100 silver price. Sure. Gold has gone up some, but really not that much. Buy if you want to hold it, not for investment purposes
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I do not buy it for investment. More like my ammo stash that may come in handy at some point. The last time i bought some it was at approx $17 spot price. Got silver eagles. And the first time i bought back around 1999 it was under $5.Originally Posted by Handloader109
Last edited by Cosmic_Charlie; 02-25-2022 at 12:52 PM.
I own a lot of gold and silver - in US minted coins - mainly excellent to uncirculated $20 St Gaudens coins. Beautiful coins! Hard to find $5 and $10 US old gold pieces in that condition because many people used them every day in circulation - rarely the $20 - too much money for most people to have a one time! Also, old US silver half dollars. You can buy them from dealers by the bag since silver is so inexpensive.
I invest my precious metals money in US coins only. Not ANY foreign coins. And not those silly bullion coins all over TV.
Silver has been pretty much dead flat for many years! Gold has gone up very recently, but nowhere near the hype the TV metal mongers tout in every commercial break!
Invest in what you feel comfortable with. The "experts" say you should have at least 10-15% of your worth in precious metals (not lead!). I agree.
I have some silver, but not a lot. I'm not really into "investing" in precious metals, and the "store of wealth" argument just doesn't hold up. Inflation is skyrocketing...PMs are flat and have been for years. Be better off investing your 15% net worth in real estate, honestly. Gold looks like dead money more each day. Even more so when you add in all the middlemen taking a cut on both the buy and sell sides plus the sales and 28% collectables cap gains taxes. There's no way you can buy gold now and sell it later for an inflation-adjusted profit. It's just not going to happen.
But you do you. If it makes you sleep well at night to have a a little silver or gold, or even a Scrooge McDuck sized pile of coins to swim around in, who am I to judge...
I do want to grab a silver Krugerrand sometime, though...Beautiful coins!
Old US junk silver coins, 50 cent pieces, quarters, dimes... I have a stash of them. SHTF a quarter will be like a $5 bill for trade purposes...
Well maybe? There's always a slickester out there that thinks he can give you face value, But the wise person will walk away, I think your such a person!
Yes, old silver US minted half dollars are still worth 50¢ face value. Foreign coins......not so easy to use. Gold (coins or bullion) is for pure investment. You cannot spend it for food or supplies. You must cash it in with a gold monger to get greenbacks to spend. It is just a hedge. I do not ever plan on cashing mine in, unless in an emergency. It will make a good liner for my coffin!
Silver never seems to do much. Everyone is into gold.
The threat of hyper inflation has never been greater. Minted PM coin will be good to have should that come to pass. And it is indeed a hedge.
I get all my silver coins with my metal detector. I've been doing it for over 35 years and have a couple of large coffee cans full of silver coins. My bucket lister is still the ever elusive gold coin...maybe some day before take my dirt nap.
1/10th oz US gold coins would work for larger purchases since one is worth ~$200...
The problem is..........these days no store anywhere is set up to accept US gold coins! Clerks could not tell real gold from fake gold-plated brass ones. There is no functionality in our modern monetary system to accept REAL gold coins. Only way to get the value would be thru a gold monger.
On the other hand, old REAL silver US coins would still be worth at least face value......... + more if you are lucky.
Let's just hope we never have to test that out!!!!!!!!
Oh, it's not like I don't have any, I've got some silver and old coin silver. But It won't be worth much. For those SHTF folks, who are you going to trade it with? 90% of the population doesn't know silver from the scrap metal in use today. Better to use to keep as large a stock of food and TP on hand as you can. And for that matter water. But both silver and gold sure is pretty
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when the time comes, there will be plenty of places that will accept pm's, and only pm's.
if you are ever being chased by a taxidermist, don't play dead
What happens when the US goes, and it will, to a digital currency? No more physical money. The assumption is we will have some time to turn in all our cash. Where will silver and gold fit into that? I can't envision having silver and taking it to the grocery store. Sell it and it turns into electronic money?
it used to be that the graded silver coins in the plastic cases were pretty much only worth scrap price but I'm not sure bout this but it seems with so much interest the value of those graded coins might be worth more these days. it gets pretty complicated real quick
Good 4 U MaryB. I used to buy & sell the stuff. People would always ask the same questions. Same on here. It is not an investment. Silver [& to some extent Gold] are just insurance, if money [fed. reserve notes] [Banking system] goes belly up. Think of a 90% silver dime as trade for a loaf of bread. a silver quarter = a gallon of gas. A silver half dollar = a decent steak. All that is just more or less a rough guide. I'd never let anyone go all in on precious metals. 5% of ones net worth is a lot of insurance. Sometimes/somedays you might wish you had more but life skills & diversity of all asset classes will serve you all better. uncle mike
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