Is now a good tine to buy

Discussion in 'Survival & Sustenance Living Forum' started by jcooley6960, Jul 31, 2012.

  1. jcooley6960

    jcooley6960 New Member

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    I'm thinks about buying silver but I don't know much about it. In the economy in its present state I don't know if Ill be paying more now than it will be worth later. Any advise? Also I have a a good bit of old silver flatware and cups forks ect. What's the best way to find a value on those items?
     
  2. GaMatt72

    GaMatt72 New Member

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    I metal detect and coin hunt as another hobby. Part of it is silver. A few years ago would have been better to buy buy right now is as good as any. Silver will go up and down but the experts believe it will go way up in the next few years. I say go for it. I buy when I can.
     

  3. sputnik1988

    sputnik1988 Active Member

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    Ammo and silver. In like a 70/30 proportion.;)
     
  4. c3shooter

    c3shooter Administrator Staff Member

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    Dude! If I knew for certain which way something like that was moving, and when, I would not be telling you- I would be BUYING! Markets change, and none of us have a crystal ball that works worth a hoot (I blame digital TV)

    3-4 years ago would have been better- but now is not an especially bad time either. Do not think of this as an investment- more like preservation. Rather than bullion, I happen to like US pre 64 coins- 90% silver, and recognized for what they are. Not extremely rare coins, just run of the mill coins. What are they worth? For the metal content, go here: http://www.coinflation.com/silver_coin_values.html

    Flatware, etc if marked STERLING (not electroplate or filled) is 92.5% silver. Deduct weight of steel parts (knife blades) Remember precious metals are measured in TROY ounces. Or just weigh them in grams.

    Value of silver (and gold) may go up or down. It does not go to zero. I do have small amounts of silver coinage in the safe. World turns to ca-ca, may be using for trade. World NOT turn to ca-ca, grandkids will enjoy them some day.
     
  5. HockaLouis

    HockaLouis New Member

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    Buying low and selling high are never guaranteed -- the OP's question cannot reasonably be answered. Sorry. Either way I would expect not to make mon ey on precious metals. Think of it as insurance and you pay for that. Maybe by selling it back for less if and when things ever pick up and it goes down again, like when you cash out.

    Examples: "Gee I'm happy I bought $10,000 worth of silver and it went to $100,000 after the UN invaded Peoria and we had to live on it for a year." Gee I'm glad I bought $10,000 worth of silver and sold it back 5 years later for $8,000 -- best insurance I ever bought for a UN invasion of Peoria."
     

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  6. gmaster456

    gmaster456 New Member

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    I get my silver for free.......
     
  7. bkt

    bkt New Member

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    If you don't already have a store of food, water, water purification, various consumables, medicines, firearms and ammo, get those first.

    Buying precious metals is a store of wealth. Yes, now is a good time to buy silver and if you can do it, I recommend it. The reason to do it is as a hedge against the buying power of the dollar falling significantly fairly quickly. If the new currency that emerges is called the "gronk", you may only get 1 gronk per ounce of silver, but 1 unit of that new currency is worth as much as silver is, per ounce, right now. So you can't really lose.

    Silver and other metals keep their value relative to the value of other commodities (like food) pretty darn well.

    It's always a good time to exchange Federal Reserve Notes for real money.
     
  8. bkt

    bkt New Member

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    You don't understand that buying PM is a hedge against the value of the currency falling. It isn't about investing at all. It's about storing your wealth securely.

    I don't want dollars. I hate dollars. Dollars suck. They mean nothing. They mean less than nothing; they are a representation of debt. I'd like to get rid of all my dollars and exchange them for things that hold their value. I'd be a jackass to buy 1000 ounces of silver at $29/ounce today and then sell when the price reached $1,000,000/ounce. Why? Because the only thing that has changed is the value of the currency, not the quantity, purity or value of the metal.

    If silver falls to $1 per ounce, that would be extremely good news for the dollar and I'd welcome it!
     
  9. HockaLouis

    HockaLouis New Member

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    BKT, I think u miss my point -- I'm saying the same thing you are. Only difference is I recognize the specie, the medium of exchange, the currency, won't change/go away, only its relative purchasing power. Eventually you HAVE to sell some of your dollar-appreciated silver to buy other stuff like food -- chances are you'll exchange it for dollars which you'll in turn exchange for victuals.

    In fact, I'd short Gronks if Alex Jones has someone on pushing them and they appeared for sale on The Daily Paul...

    :D
     
    Last edited: Aug 2, 2012
  10. GaMatt72

    GaMatt72 New Member

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    Stop giving out all the secrets to finding good cheap silver. Lol. I find stuff at some places no one near me looks and stock up on silver goods.
     
  11. c3shooter

    c3shooter Administrator Staff Member

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    For anyone looking for cheap silver, here is an easy and FREE way to do it, that does NOT involve standing in cold water in a river-

    In 1965, the US pulled the 90% silver coins. HOWEVER- from 1965 to 1970, the half dollars were STILL 40% silver. At today's rate, each has $4.01 worth of silver in them- and they still circulate.

    Take $100, Go to banks or credit unions, ask if they have rolls of half dollars. Take them home. Set up a table where light is good. Crack open your favorite adult beverage.

    Carefully remove coins from wrapper, preserving wrapper. Go thru coins- you may get one every few rolls. If they are 1971 or later, restore them to their wrappers. Return the 1971 and later rolls to a different bank. Repeat as needed.

    They ARE getting more scarce, but are out there. My big score was one entire roll of 1964 Kennedy halves. Silver value is $9.82 each.