Posted: 7/5/2011 10:17:38 AM EDT
| How many of you guys actually believe that silver will retain its value as a PM. Im starting to look into investing and have been reading alot about the silver market. It seems to fluctuate very often and some feel that once the USD. Regains it value PM. Prices will drop drastically. Also who here molds there bars out of scrap silver? How hard is it to refine from .925 to .999 . Any help or ideas will be greatly appreciated. |
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Quoted: That thing you said....How many of you guys actually believe that silver will retain its value as a PM. Im starting to look into investing and have been reading alot about the silver market. It seems to fluctuate very often and some feel that once the USD. Regains it value PM. Prices will drop drastically. Also who here molds there bars out of scrap silver? How hard is it to refine from .925 to .999 . Any help or ideas will be greatly appreciated. How do you propose that happening? Everything our government has done for the last 60 years has been specifically against that happening. |
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Quoted:
How many of you guys actually believe that silver will retain its value as a PM. Im starting to look into investing and have been reading alot about the silver market. It seems to fluctuate very often and some feel that once the USD. Regains it value PM. Prices will drop drastically. Also who here molds there bars out of scrap silver? How hard is it to refine from .925 to .999 . Any help or ideas will be greatly appreciated. Not very hard if you are good at using chemicals and following directions. The hard part is finding a way of disposing of your used acids. |
| About the USD regaining its value i have no idea but about my home made bars i could always hold on to there is ways to test the purity of the silver and my reason for picking silver is im just getting into the PM game im not trying to go balls deep until i more or less know what im doing and start to understand it a little better. Now does anyone know where i can buy the chemicals to refine silver |
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Quoted:
Take into consideration the process of getting your bars assayed. If you plan to sell or trade in the future people are going to want to know the weight and purity. +1. Refining your owns bars might be practical if you are a junker that would rather hold onto the silver instead of selling it as scrap, but if you are talking about smelting junk silver coins into bars, leave them as coins so people can recognize what you have if you do decide to sell some. |
| Well i was thinking about refineing the bars to sell for scrap then turning around and buying name brand bars that are easy to recognize but if i can get them assayed that will save me more money and silver now is this something a coin and PM dealer can do and about melting coins thats not what im trying to do im talking about old computer parts and stuff like that |
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midwest refineries
these guys are pretty good they will pay you in cash, pms, etc |
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I think silver is a fantastic thing to buy now. It's way below it's historic gold/silver ratio and has more real world uses then gold. It's industrial and seen as a store of wealth. I'v been reading Endgame by John Mauldin over the past week and he lays out how it's absolutely impossible to avoid a massive depression world wide. The only question is will face deflation or inflation. I'm betting on inflation since it eases the weight of debt.
I'm buying as much physical silver as I can afford. |