|
Quoted: 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? Maples American Eagles Aussie Kookaburas, Koalas Austrian Philharmonics Chinese Pandas all carry a premium and you can sell them for a premium junk silver, silver ignots, generic rounds can all be had for close to spot and you can usually sell for spot or just under |
|
Quoted:
Quoted:
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? Maples American Eagles Aussie Kookaburas, Koalas Austrian Philharmonics Chinese Pandas all carry a premium and you can sell them for a premium junk silver, silver ignots, generic rounds can all be had for close to spot and you can usually sell for spot or just under Fuck it, I'm tired of sitting on the sidelines and watching silver skyrocket. I've talked myself out of buying since silver was $35 and now it's $45+. I am going to dump $500 worth into it today. |
|
Gold will continue dominate the precious metal headlines in 2011. But it's silver that will ultimately be the year's top performing precious metal.
Don't get me wrong; gold will do very well for investors this year. But on a dollar-for-dollar basis, silver is going to blow the doors off gold's performance in 2011. Silver could easily eclipse the metal's 1980 nominal high of $50 an ounce this year. And when you learn just how little silver is available on the market right now, I think you'll agree... The ten largest precious metal traders on COMEX currently hold net short silver positions that represent more than 330 million ounces - nearly half of total global silver production. Compare that to gold, in which the net short position in of the same ten traders represents 25 million ounces (or a mere 1%) of the 2 billion ounces of world gold inventory. That means the net short position in silver is 27 times greater than that of gold. This is setting up what I believe could be an explosive situation for wise investors. The world's largest holders of silver bullion account for roughly half (500 million ounces) of the available 1 billion ounces of worldwide silver. This is spread over the seven largest investment funds, which include iShares Silver Trust (NYSE: SLV), the Central Fund of Canada (AMEX: CEF), and others. This means only 500 million ounces remain for the rest of the world to invest in. And remember that, at some point, 330 million ounces of this will eventually need to be purchased by the net physical short positions of the ten largest short players who will have to eventually cover. That means there would only be 170 million ounces of silver available to investors worldwide who are suddenly buying silver in ever-increasing amounts. And unlike gold, there is little in the way of available above ground silver inventory. The COMEX reports roughly 120 million ounces of silver in inventory. But most of this is already accounted for by those who hold a warehouse receipt. All this becomes a real problem when you consider that ownership of physical silver is practically becoming a religion in China. In the past 16 months, China has gone from a net exporter of ~100 million ounces of silver to a net importer of ~150 million ounces of silver. This essentially means that ~250 million of silver is no longer available to the market on an annual basis. The Chinese government is teaching their citizens the ownership of silver is an antidote to a devaluing U.S. dollar. And they're right. This has massive implications for the silver market when you consider the 1.3 billion people who live there are rapidly becoming more interested in buying physical bullion... and will continue to do for quite some time in increasing amounts. The price of silver is now within striking distance of re-testing record highs as the metal continues to react to rising global demand and rapidly diminishing supplies. As I mentioned, I expect to see the price of silver top $50 this year. In respect to this, I continue to urge speculators to buy physical silver while it's still easily available to the retail market. Investments in physical silver - as well as quality silver stocks - will perform very well in the coming months and year. |
|
If you are going to buy silver, wait for a pullback. It ALWAYS HAPPENS. Also you will know when to sell because
there usually is a MAJOR event that happens during a bubble or top. If you see HI HO SILVER on the cover of Time, you will know to sell. When you hear about people buying crack with silver then you know to sell. Commodities always surpass their previous high so it is just a matter of time until it hits 50 and then perhaps 75. Tops always come with a buying panic. Kind of like you are feeling now. 
|
|
Quoted: I would like to see a correction to $39.00 before I jump back in, but I would jump in BIG. It seems unreal that I am have to pay that much because when I started it was $7.00 an ounce. I don't think we will see a pull back to $39. I have some cash for $42. from tfmetals showing support at 42  |
|
If we have a pullback, don't buy your whole positon at once. If this is going higher, market players will bring it down which in turn takes out everyone's
stop loss orders. They then cover their own shorts, go long with your stop loss orders and then buy like mad only to see you buy in panic once again. Quick quesion. Would you rather have 1 One hundred dollar bill or 2 oz silver....................if you could only use it 12 month  s from now????????
|
|
Quoted:
Quoted:
Quoted:
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? Maples American Eagles Aussie Kookaburas, Koalas Austrian Philharmonics Chinese Pandas all carry a premium and you can sell them for a premium junk silver, silver ignots, generic rounds can all be had for close to spot and you can usually sell for spot or just under Fuck it, I'm tired of sitting on the sidelines and watching silver skyrocket. I've talked myself out of buying since silver was $35 and now it's $45+. I am going to dump $500 worth into it today. I'm doing just that myself. |
|
At some point...
Some country that is currently using a fiat currency WILL change to a metals-based system. When that happens, silver prices will DOUBLE over night. There is probably a country or two using silver as coin right now, but wait until it is done to reverse a countries fuck-up. |
|
Quoted: I've been watching from the sidelines since $17 an ounce  Took the plunge this morning and got some 10oz bars and a few silver eagles  If it crashes to the bottom tomorrow, at least I'll have something for the werewolf apocalypse.Don't worry people will continue to desperately buy the dips.. |
|
Just put 300$ in today. Got me 7 oz. worth of silver. I got it from an old guy at a pawn shop who wasn't up on the silver prices. Ended up with a couple generic rounds and bars. I'm pretty happy.
I figure if it tanks tomorrow, hey, it's just 300$. It's worth the thrill of the gamble 
Also, I remember collecting coins as a KID back from 1998-2000. Back then, silver was right around 5$ an ounce. I probably have about 20 ounces worth of silver in old coins. I've been thinking that if silver gets up to 75$ or something crazy like that, I might sell off half my collection just to pay off my the little bit of college debt that I have. |
|
Silver wise, to me, it's
buying silver jewelry such as necklaces and bracelets that I believe are an investment, both in finance and the zombie apocalypse. If the latter ever happens, I'll have a stylish supply of defensive measures, if not for the melting pot of bullets and blades. ____________________________________________________________ ("Ay-eeee! BLA-DES!"––Piper, getting caught safely in the middle of the slice and diced trap, (w,stte), Charmed "The Painted World") |
|
Quoted:
Wasn't there a big bank that would supposedly lose their A$$ or not be able to meet a margin/physical delivery call if silver hits $47? Yeah. $47 is the supposed magic number for JP Morgan I believe. When I woke up to $46.15 this morning I went
Down to $45.83 now but yesterday it started a bit high, fell a bit, then roared up past 46. So who knows. It could jump past $47 today. Or it could drop to 42 where I will buy a bunch more. |
|
Quoted:
Silver wise, to me, it's buying silver jewelry such as necklaces and bracelets that I believe are an investment, both in finance and the zombie apocalypse. If the latter ever happens, I'll have a stylish supply of defensive measures, if not for the melting pot of bullets and blades. ____________________________________________________________ ("Ay-eeee! BLA-DES!"––Piper, getting caught safely in the middle of the slice and diced trap, (w,stte), Charmed "The Painted World") Nobody in the Apocalypse wants shiny jewelry. 
You want silver that is either known graded from a mint, or in the form of a known currency. I will NEVER buy or use jewelry silver, especially the stuff from any country other than America or the UK...but then you STILL need know exactly what to look for in the way of makers marks and such. ...is just not worth the hassle. |
|
Quoted:
Quoted:
Where are those people that said it was time to sell when silver was at $30.00? Maybe they were buyers at $10/oz and locked in $20/oz gain? I sold in the $20's and gold at $920, it was enough to buy some farm land in ND, and now I get a nice check every oct. from a farmer that leases it, |
Every day I get home from work I am finding silver coins in my mailbox. silver quarters, dimes, nickles, APMEX rounds, liberty's various other rounds. I bought the bulk of my stash when it was $7 and then again at $12. Feels weird paying so much for the same stuff I already have a bunch of that cost so much less. But the 2 APMEX 1oz rounds I got in the mail Monday are already worth more than I paid. 
|
|
Quoted: Wasn't there a big bank that would supposedly lose their A$$ or not be able to meet a margin/physical delivery call if silver hits $47? JP Morgan. Max Keiser of the "Buy Silver, crash JP Morgan movement" suggested that once silver passed the stock price of JP Morgan then it would be curtains, people would massively short JP Morgan..silver and jp morgans stock price are kind of neck and neck right now |
|
So this thread got me very interested in purchasing silver. I live in an older upper middle class neighborhood. There are yard sales daily and a few dozen thrift stores in my area. I will be spending my day tomorrow searching for Silver and Gold. I am confident I can find some. A woman on my team was out at a yardsale the other day and found a basket full of jewelry. Maybe four or five good sized 14K gold rings, four silver rings, five or so 18k gold necklaces. She just bought them because they were pretty. She had no idea how much they were worth. She paid like $50.00 for the basket.
I remembered that somewhere I had a pure silver jewelry dish that someone had given my wife and I for our wedding. I searched high and low last night and was able to locate it. It weighs in at 8.5 oz on the postal scale and is pure silver not sterling. It is probably 70 years old. Beautiful jewelry tray especially after I polished it up. My mom has a butler tray that was handed down through her family. We don't know where it came from but it is pure silver and not sterling. It is very old, maybe 90+ years. I would say it weighs in at about 4lbs or so maybe more. It is very heavy because its probably 14 x 10 x 1/4" thick and has two huge handles on it and a 1/4' spill edge. |
|
Quoted: So this thread got me very interested in purchasing silver. I live in an older upper middle class neighborhood. There are yard sales daily and a few dozen thrift stores in my area. I will be spending my day tomorrow searching for Silver and Gold. I am confident I can find some. A woman on my team was out at a yardsale the other day and found a basket full of jewelry. Maybe four or five good sized 14K gold rings, four silver rings, five or so 18k gold necklaces. She just bought them because they were pretty. She had no idea how much they were worth. She paid like $50.00 for the basket. I remembered that somewhere I had a pure silver jewelry dish that someone had given my wife and I for our wedding. I searched high and low last night and was able to locate it. It weighs in at 8.5 oz on the postal scale and is pure silver not sterling. It is probably 70 years old. Beautiful jewelry tray especially after I polished it up. My mom has a butler tray that was handed down through her family. We don't know where it came from but it is pure silver and not sterling. It is very old, maybe 90+ years. I would say it weighs in at about 4lbs or so maybe more. It is very heavy because its probably 14 x 10 x 1/4" thick and has two huge handles on it and a 1/4' spill edge. I wouldn't polish the jewelry tray. It's less valuable that way... |
|
Quoted:
On the one hand, I can't help but see this as a nice bubble forming. On the other hand, the dollar is being de-valued and anything measured in dollars therefore should go up proportionately. http://www.24hgold.com/english/Gold_silver_prices_charts.aspx?money=Euro |
|
Quoted:
Quoted:
So this thread got me very interested in purchasing silver. I live in an older upper middle class neighborhood. There are yard sales daily and a few dozen thrift stores in my area. I will be spending my day tomorrow searching for Silver and Gold. I am confident I can find some. A woman on my team was out at a yardsale the other day and found a basket full of jewelry. Maybe four or five good sized 14K gold rings, four silver rings, five or so 18k gold necklaces. She just bought them because they were pretty. She had no idea how much they were worth. She paid like $50.00 for the basket. I remembered that somewhere I had a pure silver jewelry dish that someone had given my wife and I for our wedding. I searched high and low last night and was able to locate it. It weighs in at 8.5 oz on the postal scale and is pure silver not sterling. It is probably 70 years old. Beautiful jewelry tray especially after I polished it up. My mom has a butler tray that was handed down through her family. We don't know where it came from but it is pure silver and not sterling. It is very old, maybe 90+ years. I would say it weighs in at about 4lbs or so maybe more. It is very heavy because its probably 14 x 10 x 1/4" thick and has two huge handles on it and a 1/4' spill edge. I wouldn't polish the jewelry tray. It's less valuable that way... I just took the bad tarnish off of the inside using a microfiber towel. It was very tarnished. |
|
Quoted: Quoted: On the one hand, I can't help but see this as a nice bubble forming. On the other hand, the dollar is being de-valued and anything measured in dollars therefore should go up proportionately. http://www.24hgold.com/english/Gold_silver_prices_charts.aspx?money=Euro Traders and technically minded investors are firmly focused on silver’s Silver has just begun to riserecord nominal high of $50.35/oz. Some with a longer term fundamental focus continue to see silver in triple digits if it is to match the real record highs of $130/oz seen in 1980. The inflation adjusted silver chart puts the present sharp rise in the all important historical context. |
|
Quoted:
Silver $46.45 At this rate we'll be at $50 by Wednesday next week. Look for the dip... And JP Morgan is at $44.50 http://finance.yahoo.com/q?s=JPM |
|
Quoted:
Quoted:
Silver $46.45 At this rate we'll be at $50 by Wednesday next week. Look for the dip... And JP Morgan is at $44.50 http://finance.yahoo.com/q?s=JPM
|
| You guys are causing problems with my bank account. I decided for shits and giggles to go to the thrift shop to see if I could find any silver. Found a long necklace with a nice pendant and an older antique bangle necklace both are sterling silver. I paid $30.00 for both of them. Using quarters as a base I guess they both weigh about 2 oz's or so together. |
|
Everyone should listen to the PM's are a bubble crowd. That way you make the smart moves. Make sure you listen to your banker friends and put your extra money in CD's, buy bonds and t-bills, buy stock in a shopping mall, hell buy your kid a savings bond.
Fuck it, just bury your head in the sand! When silver is at $200/oz and a loaf of bread cost's $12 what are you going to say? The bubble's about to pop! 
Hope the investing experts have enough brains to store non-perishable food and water. Bet most of them don't. May their starvation death be quick. |
Join the Community
Your next conversation starts here.
Create your free account to join discussions, share your experience, save topics, and connect with the AR15.COM community.
- Join discussions
- Follow topics and replies
- Connect with fellow enthusiasts
Already a member? Sign in
Stay informed by subscribing to our Newsletter