Silver anyone els recently start stacking?

AntCaps

AntCaps

Joined
May 6, 2009
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924
So I recently noticed the great prices on silver and figured I'd buy a few ounces a week until the price starts going up again. Anyone els recently start?
Anyways here's my small collection so far.

 
I started by going to a place that was fairly close by and buying a few of the canadian maple leaves and the saltwater crocs, but now I go online. I also have an old 64 500 lira coin my Nonno gave me but I think that's worth more in collector value than silver.
 
A smallish percentage of income is invested in that. Canadian maple leaves are not a bad idea since their face value is 5$ Canadian; gives a lower limit to their devaluation on the chance the market completely topples.
 
gregorio said:
A smallish percentage of income is invested in that. Canadian maple leaves are not a bad idea since their face value is 5$ Canadian; gives a lower limit to their devaluation on the chance the market completely topples.
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Good point. Also they cost less per ounce than Eagles.
 
I did that years ago. Ended up losing my butt waiting for it go up. The question you should ask yourself is how much can you buy and what good will it do you even if
it doubles? For instance, if you buy $1000 worth and it goes up to $2000, is that going to change your life? How about $10,000 worth or $100,000 worth?

You probably hear the same ads that I hear all the time. "Gold will be $2000 by the end of the year and silver is predicted to go up to $50 an ounce." "Paper
money will be worthless." I have been hearing that since 1982. Ask yourself this. When you buy gold or silver, what are using to pay for it? Worthless dollars?

I forgot this. Ask the folks who recently paid about $1800 per ounce for gold and $45 plus for silver how they are doing.
 
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I was buying Morgan's years ago after Dad gave me one. Just for their silver content. I liked their feel, weight and sound when I flipped them. I was paying about 10-12 ea for them. Where's the price now?
 
I have a hard time saving in the usual ways but I find it easy to buy neat coins made of something that has been valuable for most of history. I'm know I don't know all there is but I can't see much of a negative in it there might not be a massive increase in value but at least it's something put away for when I need it.
 
Kootaga13 said:
I was buying Morgan's years ago after Dad gave me one. Just for their silver content. I liked their feel, weight and sound when I flipped them. I was paying about 10-12 ea for them. Where's the price now?
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About $20 and up depending on date and condition. Maybe less for those selling.

AntCaps said:
I have a hard time saving in the usual ways but I find it easy to buy neat coins made of something that has been valuable for most of history. I'm know I don't know all there is but I can't see much of a negative in it there might not be a massive increase in value but at least it's something put away for when I need it.
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I wasn't trying to be negative, just realistic. People hear the ads for gold and silver and think that it is an investment. It's not. Keep in mind that the precious metals dealer make money when they
sell and when they buy. You lose when you sell and you pay a premium when you buy.

I have a small bag of US silver coins that I had for a looooong time. They were still in circulation when I got them.

If you enjoy having them, that's cool. Nothing wrong with that.
 
If you are going to "stack" you should look into US Junk Silver coins, Quarters, Dimes before 1965 are 99.999% silver.
1964 Kennedy Half Dollars are also 99.999%
I played around with this spending a small amount each week. Built up several hundred dollars worth, then the price dumped.
Don't believe all the hype.
Now if you are already sitting on silver (coins, silverware, jewelry etc.) when the price jumps again you can sell it and make some cash, but it will not change your life. Unless you have a lot!
 
If you're going to collect something I don't see anything wrong with collecting PMs/Coins. Worst comes to worst or you're in a pinch you can easily liquidate your collection.
 
UffDa said:
I did that years ago. Ended up losing my butt waiting for it go up. The question you should ask yourself is how much can you buy and what good will it do you even if
it doubles? For instance, if you buy $1000 worth and it goes up to $2000, is that going to change your life? How about $10,000 worth or $100,000 worth?

You probably hear the same ads that I hear all the time. "Gold will be $2000 by the end of the year and silver is predicted to go up to $50 an ounce." "Paper
money will be worthless." I have been hearing that since 1982. Ask yourself this. When you buy gold or silver, what are using to pay for it? Worthless dollars?

I forgot this. Ask the folks who recently paid about $1800 per ounce for gold and $45 plus for silver how they are doing.
Click to expand...

Fiat currency is becoming more and more worthless. Look at the price of anything from 1982, compared to 2014. By design, the USD loses value with each year that passes. This has been the case since the gold standard was removed. People looking to make a bunch of money on metals are in it for the wrong reasons. The reason for holding a hard asset such as gold or silver is to maintain purchasing power. The value of the metals remains relatively constant. The reason for the price fluctuation is actually the fiat currency gaining/losing purchasing power. Looking at what is going on in Washington, and the criminal Federal Reserve, it's a good idea to have a little on hand. After all, gold and silver is money, fiat paper is an IOU backed by militaries and tax paying worker-bees.

billym said:
If you are going to "stack" you should look into US Junk Silver coins, Quarters, Dimes before 1965 are 99.999% silver.
1964 Kennedy Half Dollars are also 99.999%
I played around with this spending a small amount each week. Built up several hundred dollars worth, then the price dumped.
Don't believe all the hype.
Now if you are already sitting on silver (coins, silverware, jewelry etc.) when the price jumps again you can sell it and make some cash, but it will not change your life. Unless you have a lot!
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'Junk silver' is 90%, FYI. Stacking is not for the faint of heart, or those with weak hands. It's important to understand the fundamentals before getting involved. You're wasting your time if you're only interested in holding for the short-term. It's not that sort of investment - and yes, it is indeed an investment of sorts.
 
ac700wildcat said:
I've thought about buying some, but I have non idea where to even start.
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A good place to start is to look at bullion like 1oz American Eagles, Canadian Maple Leafs, Chinese Panda's, etc. and the bars. They can be found just about everyone from Ebay to doing a search and finding coin sites.
 
This may help, too. :)

https://comparesilverprices.com

But again, it's important to understand money and exactly what you're getting into.

sir_mike said:
A good place to start is to look at bullion like 1oz American Eagles, Canadian Maple Leafs, Chinese Panda's, etc. and the bars. They can be found just about everyone from Ebay to doing a search and finding coin sites.
Click to expand...

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I started collecting silver rounds about 7 years ago. It was about the same price that it is now. It was up to 50 dollars an ounce. I'm an idiot for not selling everything I had at that point, but everyone thought it would keep going up up up. Well, gold and silver both tanked from all time highs and now I'm stuck with a loss as much was bought at inflated rates.

Current market is a buyers market. I'd stay away from coins, sticking with rounds for metal content.

BUT THAT"S NOT ALL:

Silver is more beneficial than for just it's monetary value. Silver in .999 purity (very important), can be used to make colloidal silver, an antibiotic type medicinal liquid that helps if there were no other alternatives. All it takes is distilled water, 3 9volt batterys, alligator clips, and 2 pieces of .999 silver wire.
 
It's also used in solar panels and electronics. Most of which is not recycled afterwards.
 
A friend, who was a financial adviser (deceased) once said that a gold mine is a hole in the ground with a liar sitting at the top. A precious metals dealer
is a liar sitting behind a desk. It doesn't matter what gold or silver sells for, they will make money.
 
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