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This surprises the hell out of me. I can understand why gold or platinum would soar, but silver? As a currency reserve, it's not so good because it's so cheap. Storage costs for massive amounts of silver are much higher than they would be for the same value of gold. Industrial applications? There's a lot for platinum and gold, not so much for silver now that photography's done digitally now. I never thought silver would rise to $40/oz. I guess skepticism about the value of the dollar must be profound and widespread. Industrial demands are way higher then the old silver for photography days. Whats especially unique about silver in industry is that its used in such small volumes that it is not reclaimed. http://www.marketoracle.co.uk/images/2011/Feb/stall_february212011_1.gif http://www.silverinstitute.org/silver_uses.php Demand for silver is built on three main pillars: industrial and decorative uses, photography, and jewelry & silverware. Together, these three categories represent more than 95 percent of annual silver consumption. In 2007, 455.5 million ounces of silver were used for industrial applications, while over 128 million ounces of silver were committed to the photographic sector, 163.4 million ounces were consumed in the jewelry market, and 58.8 million ounces were used in the silverware market.
Why is this indispensable metal in such demand? The reasons are simple. Silver has a number of unique properties including its strength, malleability and ductility, its electrical and thermal conductivity, its sensitivity to and high reflectance of light and the ability to endure extreme temperature ranges. Silver’s unique properties restrict its substitution in most applications. Choose from the following list to learn more about some of the various applications of silver: Traditional Coinage Photography Silver Jewelry Silverware and Table Settings Industrial Batteries Bearings Brazing and Soldering Catalysts Electronics Emerging Medical Applications Mirrors & Coatings Solar Energy Water Purification Isn't it also the case that a lot of the silver applications change it to a state (compound?) that makes it very difficult to recover the silver back? I am involved in R&D in the hard drive/thin films industry. We go through >8k toz's a month that are NOT recoverable in a thermally and electrically conductive paste that is used in the sputtering process. Don't forget, silver is also the greatest electrical conductor on earth period. Its uses are endless... |
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interest rates can not rise like they did in the 80's, if they do our government will default on its debt. Also QE can not stop for anything length of time, somone must buy our debt and their are not enough takers to fill the gap that will be left by the Fed ending it. Interest rates go up and government debt cost explodes. Continue to print $$ (QE) and the dollar value tanks Rock, meet hard place! |
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Every week I debate buying silver for the first time and every week I convince myself not to. Every week silver's price also goes up too, WTF  Dollar cost average. Determine a conservative amount that you want to spend, say every paycheck, or every month, and just do it. As long as you are confident that the price is going up long term, it doesn't matter if it goes up or down on your purchase day, you'll ride the average. I have repeatedly bought at highs that are well below today's price. Once you start realizing it's effectiveness, you'll look forward to your buy days :) http://news.goldseek.com/GoldSeek/1303222405.php $5,000 Gold and $300 Silver are Credible Numbers
You'll also need to get used to ignoring most of the people on TV trash talking gold and silver, and think about how wrong they have been for years now. www.goldseek.com and www.silverseek.com are good places to read articles by people who have been right for many years now. |
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Every week I debate buying silver for the first time and every week I convince myself not to. Every week silver's price also goes up too, WTF Dollar cost average. Determine a conservative amount that you want to spend, say every paycheck, or every month, and just do it. As long as you are confident that the price is going up long term, it doesn't matter if it goes up or down on your purchase day, you'll ride the average. I have repeatedly bought at highs that are well below today's price. Once you start realizing it's effectiveness, you'll look forward to your buy days :) http://news.goldseek.com/GoldSeek/1303222405.php $5,000 Gold and $300 Silver are Credible Numbers
You'll also need to get used to ignoring most of the people on TV trash talking gold and silver, and think about how wrong they have been for years now. www.goldseek.com and www.silverseek.com are good places to read articles by people who have been right for many years now. I can certainly see the direction the US economy is going with the massive debt we have, but I have a hard time justifying buying something that just hit its 31-year high. That's older than I am for god sake
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Quoted: Quoted: Quoted: Every week I debate buying silver for the first time and every week I convince myself not to. Every week silver's price also goes up too, WTF Dollar cost average. Determine a conservative amount that you want to spend, say every paycheck, or every month, and just do it. As long as you are confident that the price is going up long term, it doesn't matter if it goes up or down on your purchase day, you'll ride the average. I have repeatedly bought at highs that are well below today's price. Once you start realizing it's effectiveness, you'll look forward to your buy days :) http://news.goldseek.com/GoldSeek/1303222405.php $5,000 Gold and $300 Silver are Credible Numbers You'll also need to get used to ignoring most of the people on TV trash talking gold and silver, and think about how wrong they have been for years now. www.goldseek.com and www.silverseek.com are good places to read articles by people who have been right for many years now. I can certainly see the direction the US economy is going with the massive debt we have, but I have a hard time justifying buying something that just hit its 31-year high. That's older than I am for god sake Is the dollar worth the same today that is was 31 years ago? Also the fundementals driving silver are Far stronger today then they were back then. |
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Silver aka Poor Man's Gold. I started collecting ASE's in 1986 when they were first introduced. They cost $21.00 from the mint. The price of silver was $5.86 then.
During 1991, the average price of silver was $4.05. During the year, the price of silver dropped to a low of just $3.61 per ounce. A great time to buy pre 64 junk and rounds/bars. 
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Every week I debate buying silver for the first time and every week I convince myself not to. Every week silver's price also goes up too, WTF Dollar cost average. Determine a conservative amount that you want to spend, say every paycheck, or every month, and just do it. As long as you are confident that the price is going up long term, it doesn't matter if it goes up or down on your purchase day, you'll ride the average. I have repeatedly bought at highs that are well below today's price. Once you start realizing it's effectiveness, you'll look forward to your buy days :) http://news.goldseek.com/GoldSeek/1303222405.php $5,000 Gold and $300 Silver are Credible Numbers
You'll also need to get used to ignoring most of the people on TV trash talking gold and silver, and think about how wrong they have been for years now. www.goldseek.com and www.silverseek.com are good places to read articles by people who have been right for many years now. I can certainly see the direction the US economy is going with the massive debt we have, but I have a hard time justifying buying something that just hit its 31-year high. That's older than I am for god sake It's a difficult mental obstacle to overcome, I agree. Start reading about the fundamentals, and the inflation adjusted high, and according to a lot of good info, it is cheap right now. Anyway, everyone has to evaluate it for themselves, so do what you are comfortable with. Personally, I get anxious having paper. That seems like a far bigger risk to me... But, that's me. |
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Every week I debate buying silver for the first time and every week I convince myself not to. Every week silver's price also goes up too, WTF Dollar cost average. Determine a conservative amount that you want to spend, say every paycheck, or every month, and just do it. As long as you are confident that the price is going up long term, it doesn't matter if it goes up or down on your purchase day, you'll ride the average. I have repeatedly bought at highs that are well below today's price. Once you start realizing it's effectiveness, you'll look forward to your buy days :) http://news.goldseek.com/GoldSeek/1303222405.php $5,000 Gold and $300 Silver are Credible Numbers
You'll also need to get used to ignoring most of the people on TV trash talking gold and silver, and think about how wrong they have been for years now. www.goldseek.com and www.silverseek.com are good places to read articles by people who have been right for many years now. I can certainly see the direction the US economy is going with the massive debt we have, but I have a hard time justifying buying something that just hit its 31-year high. That's older than I am for god sake It's a difficult mental obstacle to overcome, I agree. Start reading about the fundamentals, and the inflation adjusted high, and according to a lot of good info, it is cheap right now. Anyway, everyone has to evaluate it for themselves, so do what you are comfortable with. Personally, I get anxious having paper. That seems like a far bigger risk to me... But, that's me. It finally occurred to me last week that I have accumulated a pile of cash (for my age at least) and it has just sat in my checking for the last 3 years. What a wasted opportunity to make money, even if I had just parked the money in a savings account I'd at least have made 1% interest on it instead of 0% in my checking. Now that I have a permanent career in place (I hope ) and have ensured that my income is always exceeding my expenses, it's time to diversify and start investing again. I moved a shitload of money into a savings account for now so I am at least getting 1% on that. I would like to move into some precious metals as well but am having trouble getting over the mental obstacles.
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Quoted: get over it... I cashed out my 401K and have already made back the value to offset the heavy taxes.. This is now, "my money" that I wouldnt have had access to 30 years from now and thats assuming that it would still be mine or worth a damn by then. It finally occurred to me last week that I have accumulated a pile of cash (for my age at least) and it has just sat in my checking for the last 3 years. What a wasted opportunity to make money, even if I had just parked the money in a savings account I'd at least have made 1% interest on it instead of 0% in my checking. Now that I have a permanent career in place (I hope ) and have ensured that my income is always exceeding my expenses, it's time to diversify and start investing again. I moved a shitload of money into a savings account for now so I am at least getting 1% on that. I would like to move into some precious metals as well but am having trouble getting over the mental obstacles.1% means you are losing money. |
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get over it... I cashed out my 401K and have already made back the value to offset the heavy taxes.. This is now, "my money" that I wouldnt have had access to 30 years from now and thats assuming that it would still be mine or worth a damn by then.
It finally occurred to me last week that I have accumulated a pile of cash (for my age at least) and it has just sat in my checking for the last 3 years. What a wasted opportunity to make money, even if I had just parked the money in a savings account I'd at least have made 1% interest on it instead of 0% in my checking. Now that I have a permanent career in place (I hope ) and have ensured that my income is always exceeding my expenses, it's time to diversify and start investing again. I moved a shitload of money into a savings account for now so I am at least getting 1% on that. I would like to move into some precious metals as well but am having trouble getting over the mental obstacles.1% means you are losing money. But at least now I'm losing 1% less than I was before . Baby steps.
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Every week I debate buying silver for the first time and every week I convince myself not to. Every week silver's price also goes up too, WTF Dollar cost average. Determine a conservative amount that you want to spend, say every paycheck, or every month, and just do it. As long as you are confident that the price is going up long term, it doesn't matter if it goes up or down on your purchase day, you'll ride the average. I have repeatedly bought at highs that are well below today's price. Once you start realizing it's effectiveness, you'll look forward to your buy days :) http://news.goldseek.com/GoldSeek/1303222405.php $5,000 Gold and $300 Silver are Credible Numbers
You'll also need to get used to ignoring most of the people on TV trash talking gold and silver, and think about how wrong they have been for years now. www.goldseek.com and www.silverseek.com are good places to read articles by people who have been right for many years now. I can certainly see the direction the US economy is going with the massive debt we have, but I have a hard time justifying buying something that just hit its 31-year high. That's older than I am for god sake It's a difficult mental obstacle to overcome, I agree. Start reading about the fundamentals, and the inflation adjusted high, and according to a lot of good info, it is cheap right now. Anyway, everyone has to evaluate it for themselves, so do what you are comfortable with. Personally, I get anxious having paper. That seems like a far bigger risk to me... But, that's me. It finally occurred to me last week that I have accumulated a pile of cash (for my age at least) and it has just sat in my checking for the last 3 years. What a wasted opportunity to make money, even if I had just parked the money in a savings account I'd at least have made 1% interest on it instead of 0% in my checking. Now that I have a permanent career in place (I hope ) and have ensured that my income is always exceeding my expenses, it's time to diversify and start investing again. I moved a shitload of money into a savings account for now so I am at least getting 1% on that. I would like to move into some precious metals as well but am having trouble getting over the mental obstacles.I'm in the same boat, I have some money piled up but am overcoming the obstacles... The bank is insured, and those slips of paper have the faith of the US Goobermint behind it, whatever that's worth. Interesting that the price of silver has shot up much faster over the past year, vs. gold which is much more linear. |
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Anybody know what this coin is worth?
Have one in my box of silver coins |
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George IV Year F VF EF Unc 2/6 1820 20 50 200 450 2/6 1821 20 50 200 450 2/6 1821 proof 1400 2/6 1823r1 800 2500 2/6 1823r2 20 50 180 450 2/6 1824r2 25 65 200 550 2/6 1824r3 extremely rare 2/6 1825 20 50 150 350 2/6 1826 18 50 150 350 2/6 1826 proof 1200 2/6 1828 45 110 325 800 2/6 1829 50 110 325 800 r1b: reverse 1b - garnished (fancy) shield, thistle & shamrock on either side, date under (slightly modified). r2: reverse 2 - straight sided shield in garter, date under. r3: reverse 3 - shield with crest, date under King's head 1821 coins come with two almost identical reverses (1a and 1b). The second type (1b) is slightly more valuable than shown above. Price in Brit pounds link |
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George IV Year F VF EF Unc 2/6 1820 20 50 200 450 2/6 1821 20 50 200 450 2/6 1821 proof 1400 2/6 1823r1 800 2500 2/6 1823r2 20 50 180 450 2/6 1824r2 25 65 200 550 2/6 1824r3 extremely rare 2/6 1825 20 50 150 350 2/6 1826 18 50 150 350 2/6 1826 proof 1200 2/6 1828 45 110 325 800 2/6 1829 50 110 325 800 r1b: reverse 1b - garnished (fancy) shield, thistle & shamrock on either side, date under (slightly modified). r2: reverse 2 - straight sided shield in garter, date under. r3: reverse 3 - shield with crest, date under King's head 1821 coins come with two almost identical reverses (1a and 1b). The second type (1b) is slightly more valuable than shown above. Price in Brit pounds link Mine is an 1822 .. seriously
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George IV Year F VF EF Unc 2/6 1820 20 50 200 450 2/6 1821 20 50 200 450 2/6 1821 proof 1400 2/6 1823r1 800 2500 2/6 1823r2 20 50 180 450 2/6 1824r2 25 65 200 550 2/6 1824r3 extremely rare 2/6 1825 20 50 150 350 2/6 1826 18 50 150 350 2/6 1826 proof 1200 2/6 1828 45 110 325 800 2/6 1829 50 110 325 800 r1b: reverse 1b - garnished (fancy) shield, thistle & shamrock on either side, date under (slightly modified). r2: reverse 2 - straight sided shield in garter, date under. r3: reverse 3 - shield with crest, date under King's head 1821 coins come with two almost identical reverses (1a and 1b). The second type (1b) is slightly more valuable than shown above. Price in Brit pounds link Mine is an 1822 .. seriouslySOL dude 
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George IV Year F VF EF Unc 2/6 1820 20 50 200 450 2/6 1821 20 50 200 450 2/6 1821 proof 1400 2/6 1823r1 800 2500 2/6 1823r2 20 50 180 450 2/6 1824r2 25 65 200 550 2/6 1824r3 extremely rare 2/6 1825 20 50 150 350 2/6 1826 18 50 150 350 2/6 1826 proof 1200 2/6 1828 45 110 325 800 2/6 1829 50 110 325 800 r1b: reverse 1b - garnished (fancy) shield, thistle & shamrock on either side, date under (slightly modified). r2: reverse 2 - straight sided shield in garter, date under. r3: reverse 3 - shield with crest, date under King's head 1821 coins come with two almost identical reverses (1a and 1b). The second type (1b) is slightly more valuable than shown above. Price in Brit pounds link Mine is an 1822 .. seriouslySOL dude seriously? 
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George IV Year F VF EF Unc 2/6 1820 20 50 200 450 2/6 1821 20 50 200 450 2/6 1821 proof 1400 2/6 1823r1 800 2500 2/6 1823r2 20 50 180 450 2/6 1824r2 25 65 200 550 2/6 1824r3 extremely rare 2/6 1825 20 50 150 350 2/6 1826 18 50 150 350 2/6 1826 proof 1200 2/6 1828 45 110 325 800 2/6 1829 50 110 325 800 r1b: reverse 1b - garnished (fancy) shield, thistle & shamrock on either side, date under (slightly modified). r2: reverse 2 - straight sided shield in garter, date under. r3: reverse 3 - shield with crest, date under King's head 1821 coins come with two almost identical reverses (1a and 1b). The second type (1b) is slightly more valuable than shown above. Price in Brit pounds link Mine is an 1822 .. seriouslythat means its worthless. Send it to me for safe disposal. |
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George IV Year F VF EF Unc 2/6 1820 20 50 200 450 2/6 1821 20 50 200 450 2/6 1821 proof 1400 2/6 1823r1 800 2500 2/6 1823r2 20 50 180 450 2/6 1824r2 25 65 200 550 2/6 1824r3 extremely rare 2/6 1825 20 50 150 350 2/6 1826 18 50 150 350 2/6 1826 proof 1200 2/6 1828 45 110 325 800 2/6 1829 50 110 325 800 r1b: reverse 1b - garnished (fancy) shield, thistle & shamrock on either side, date under (slightly modified). r2: reverse 2 - straight sided shield in garter, date under. r3: reverse 3 - shield with crest, date under King's head 1821 coins come with two almost identical reverses (1a and 1b). The second type (1b) is slightly more valuable than shown above. Price in Brit pounds link Mine is an 1822 .. seriouslySOL dude seriously? No idea, i googled it. |
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In 1979 and the first month of 1980 I had Twenty 5000 ounce silver contracts. At one point of the upward spiral I had a lot of money on paper. I bought extremely low and as a result I still made money, not the millions I had on paper but I made a new car off the deal. Every penny silver moves up or down on one 5000 contract = $50.00 profit or loss, big money in futures, big risk too. So every penny silver moved I made or lost $1000.00 That was the last big risk I took until I bought a Go-Go Bar in jersey. Mr. Clean? 
My first post here, page 2. |
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I thought I was buying super high at $22/oz.... You were. That's why you bought it. This is what happens to money when you print it out of vapor. It has happened before and will happen again. The dollar loses value against mostly everything, except other, shittier fiat currencies. Pm's should only be a portion of your portfolio. Regardless if it's a retirement portfolio or a be prepared for shitty outcomes from extend and pretend economic policies from liars. Txl |
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Quoted: Quoted: silver is rocketing up again this morning.. 44.65 Its going to the Moon go go go sooner it hits $100 the sooner we have to pay $10 for a loaf of bread You and your bread man  Gold blew thought it's 1980 level ($850). silver is next, watch for $50/oz |
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I have a very small amount of silver and coinage with 65-90% silver content.
Do the places that buy silver pay market value or just a percentage? I was hoping to sell mine and do some auto repairs with the money since funds are tight for me right now. Would selling my small amount be a bad idea? 
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Quoted: I have a very small amount of silver and coinage with 65-90% silver content. Do the places that buy silver pay market value or just a percentage? I was hoping to sell mine and do some auto repairs with the money since funds are tight for me right now. Would selling my small amount be a bad idea? http://i1231.photobucket.com/albums/ee502/KobraKomander/100_0118.jpg bad idea... hang on to all you have got; I am sure you can find funds elsewhere? |
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I have a very small amount of silver and coinage with 65-90% silver content. Do the places that buy silver pay market value or just a percentage? I was hoping to sell mine and do some auto repairs with the money since funds are tight for me right now. Would selling my small amount be a bad idea? http://i1231.photobucket.com/albums/ee502/KobraKomander/100_0118.jpg Your 1972 Kennedy half-dollar doesn't have any silver in it. |
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I have a very small amount of silver and coinage with 65-90% silver content. Do the places that buy silver pay market value or just a percentage? I was hoping to sell mine and do some auto repairs with the money since funds are tight for me right now. Would selling my small amount be a bad idea? http://i1231.photobucket.com/albums/ee502/KobraKomander/100_0118.jpg Your 1972 Kennedy half-dollar doesn't have any silver in it. I thought it had some in there or was that only certain years? EDIT dang I missed that the silver shut off was in 1971 oh well... |
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"The theme of longer term higher inflation than we have seen in the last 10 years in China is a pretty solid view, so gold is going to be an asset class that is probably going to be more in favor in China than it has been in the past," said Macquarie analyst Hayden Atkins. China is the world's second-biggest gold consumer behind India, as well as being the biggest producer. The gold:silver ratio –– the number of silver ounces needed to buy an ounce of gold –– meanwhile fell to its lowest since 1983 below 34. "The last time silver was this expensive in relation to gold was almost 28 years ago," said Commerzbank in a note. "Both precious metals are still reaping the benefit of the news of recent weeks and days." 2011 $1505/$45 -> 33.44 http://finance.yahoo.com/news/Gold-breaks-1500-as-investors-rb-275246509.html?x=0&sec=topStories&pos=3&asset=&ccode= |
Eric Sprott: "Expect The Gold To Silver Ratio To Hit Single Digits"http://www.zerohedge.com/article/eric-sprott-expect-gold-silver-ratio-hit-single-digits All indications lead us to believe that there is now roughly an equal amount of investment flowing into silver and gold on a dollar-for-dollar basis. And although the price ratio of silver to gold has fallen substantially since the highs of 2009, our analysis strongly suggests that this ratio must move lower to restore a fundamental balance between supply and demand. Only time will tell how much lower it will go, but we would not be surprised to see it hit single digits before settling into a more sustainable equilibrium. What the so-called silver ‘experts’ neglect to account for in their models and projections is that the fiat money experiment has failed. And in this context, we believe the Market has assigned world reserve currency status to gold - not USD, not EUR, and not JPY. In our opinion, gold’s continued appreciation vis-à-vis every currency is assured because the great flight from fiat has only just begun. Like gold, silver also has a long monetary history, and as such, investors are now also buying silver as protection from the ravages of fiat currency debasement. Yet, when compared to gold, it is silver that offers the most attractive value proposition by virtue of the gross mispricing of its scarcity, which, we might add, has existed for many years. Thus, in our opinion, as this new bimetallic standard takes root, silver investors will continue to be justly rewarded with marked outperformance. We truly believe that this is the investment opportunity of a lifetime, and increasingly so, others are taking heed. What is clear to us is that with equal investment dollars now flowing into silver and gold, the current 35-to-one ratio is unsustainable and has only one direction to go: lower.  |
| Does it matter what kind of silver you get from APMEX? For example, they have a 1 oz APMEX Silver Round (.999 Fine) for $47.95 and a 1 oz APMEX Silver Bar (.999 Fine) for the same price. Both are the same amount of silver, but does the form they come in have any affect on resale value? |
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Does it matter what kind of silver you get from APMEX? For example, they have a 1 oz APMEX Silver Round (.999 Fine) for $47.95 and a 1 oz APMEX Silver Bar (.999 Fine) for the same price. Both are the same amount of silver, but does the form they come in have any affect on resale value? Silver is silver But Some (well many if not most) Coins have added value So a silver Round or coin is worth the sliver weight A Walking Liberty or Maple leaf will typically have a little extra value |