i own gold coins, it makes me happy, if im deluded and dead wrong i sleep better at night thinking its for a good cause. one of my brother in laws who i dislike immensely, said i should have sold them when got was about 1800 an ounce. they are to me like an insurance policy , i didnt buy them to get rich. i wanted to point out to him he inherited in 1988 700k from his parents that died 6 weeks apart and they now have a portfolio of less than 600k. but he has a masters degree , worked one of those 40 hour but i only do 8 hours a week jobs, got paid mid 100's, left at 55 type guys, slim athletic and knows everything. i got a ged, finished college at night, fat, bald, had to have fist fights at work till my last day, spent tons of time in the emergency room for getting beat up and hurt, make run on sentences, use terrible grammar, have almost 4 million in the market have a 1.2 million home paid off,and have 100 ounces in gold coins, that i have had for over 17 years, i worked till i was 46 and my best pay check was 961 a week take home. they have a wonderful house in some 55 and over community in arizona because its cheap and has tennis. original poster u want to buy a few silver coins, do it , it makes u happy do it. enjoy them
i own gold coins, it makes me happy, if im deluded and dead wrong i sleep better at night thinking its for a good cause. one of my brother in laws who i dislike immensely, said i should have sold them when gold was about 1800 an ounce. they are to me like an insurance policy , i didnt buy them to get rich. i wanted to point out to him he inherited in 1988 700k from his parents that died 6 weeks apart and they now have a portfolio of less than 600k. but he has a masters degree , worked one of those 40 hour but i only do 8 hours a week jobs, got paid mid 100's, left at 55 type guys, slim athletic and knows everything. i got a ged, finished college at night, fat, bald, had to have fist fights at work till my last day, spent tons of time in the emergency room for getting beat up and hurt, make run on sentences, use terrible grammar, have almost 4 million in the market have a 1.2 million home paid off,and have 100 ounces in gold coins, that i have had for over 17 years, i worked till i was 46 and my best pay check was 961 a week take home. they have a wonderful house in some 55 and over community in arizona because its cheap and has tennis. original poster u want to buy a few silver coins, do it , it makes u happy do it. enjoy them
Not being political with this post... but I had a boss who was always talking about silver and gold... and how it would protect him etc. etc....
So my question to you is.... how is $10K of silver going to change your life in any way if everything goes to heck
I have a few hundred Walking Liberty half dollars that are each worth $0.50 that my Dad left to me. I had to pay for his funeral, though.
The above post is hard to read with no caps and all sentences and partial sentences running together. Not sure what the message is, though.
I have a few hundred Walking Liberty half dollars that are each worth $0.50 that my Dad left to me. I had to pay for his funeral, though.
The above post is hard to read with no caps and all sentences and partial sentences running together. Not sure what the message is, though.
.
Koolau,
I had asked about showing where silver was the PM of choice... I have read where gold is a good hedge and there are a number of portfolio choices out there that use it.... some up to 25%.... I have seen none where they suggest holding silver...
So, do not confuse a study of gold to mean all PM... heck, platinum is another PM... but not much talk about it...
I know OP has said he is not doing it for prepper needs... but a number of people keep talking about using it for that... but if things go so bad that the US dollar is not going to be taken as currency then the likelyhood of someone actually taking silver is going to be slim.... IOW, if it were really bad and I had food and water or fuel and you wanted it... my commodity is now worth MUCH more than you little bit of silver... why would I want to trade
Not that I couldn't figure this out myself, but are the bags of old US silver coins dropping along with the commodity price? Does the ratio between the weight of one of those bags have a standard percent above the commodity price?
Just a very long term comment, from 1792 till the 1880s the silver gold ratio was 15 to 16 to one (back when the US used both gold and silver as the monetary reserve) Here is a link to a paper by Issac Newton (when he was master of the mint) giving a silver to gold ratio of 15.5 to one: Isaac Newton, On the Value of Gold and Silver in European Currencies and the Consequences on the World-wide Gold- and Silver-Trade (September 1717).It looks like time to get in. Bought 1,000 Silver Eagles over the last couple of days. Started to dollar-cost-average some gold Pamps, but will switch to gold U.S. coins based on the advice of the more helpful members...(I just had to get used to the higher premium over spot [that is recouped on the back-end].) Their value also seems to go up with age as well. Older silver boxes are about 1.5-2% more expensive per year of age per coin.
My plan is to get to a 5% holding of physical PM - 90% in 1oz. coins and 10% in smaller denomination coins and interesting bullion.
Right now I'm focused on accumulating Silver quickly because it is well below the long-term trend line. Gold is lagging behind, but should follow Silver if history is a guide - hence the cost-averaging @ 3 oz./week through the Summer.
The price of the two PMs are very highly correlated over a very long period but have diverged recently to a historically high 70:1 Silver to Gold price ratio. Silver can rise, or Gold can drop to lower that ratio; and I expect a little of both will be happening over the short-term. I had planned to do an 80/20 allocation of Gold to Silver but will probably end up much closer to 60/40 due to Silver being below $16.
Outside of holding PM for diversification, I'd love to buy a wood crate of 10 oz. Scottsdale raw silver bars and some 25gr. Pamp sheets just for fun, and to motivate my brother's kids to invest. (It's only about $10K/box.)
Just a very long term comment, from 1792 till the 1880s the silver gold ratio was 15 to 16 to one (back when the US used both gold and silver as the monetary reserve) Here is a link to a paper by Issac Newton (when he was master of the mint) giving a silver to gold ratio of 15.5 to one: Isaac Newton, On the Value of Gold and Silver in European Currencies and the Consequences on the World-wide Gold- and Silver-Trade (September 1717).
A big part of the change is the elimination of silver as any part of monetary reserves in the latter part of the 19th century to go on the pure gold standard.
It looks like time to get in. Bought 1,000 Silver Eagles over the last couple of days. Started to dollar-cost-average some gold Pamps, but will switch to gold U.S. coins based on the advice of the more helpful members...(I just had to get used to the higher premium over spot [that is recouped on the back-end].) Their value also seems to go up with age as well. Older silver boxes are about 1.5-2% more expensive per year of age per coin.
My plan is to get to a 5% holding of physical PM - 90% in 1oz. coins and 10% in smaller denomination coins and interesting bullion.
Right now I'm focused on accumulating Silver quickly because it is well below the long-term trend line. Gold is lagging behind, but should follow Silver if history is a guide - hence the cost-averaging @ 3 oz./week through the Summer.
The price of the two PMs are very highly correlated over a very long period but have diverged recently to a historically high 70:1 Silver to Gold price ratio. Silver can rise, or Gold can drop to lower that ratio; and I expect a little of both will be happening over the short-term. I had planned to do an 80/20 allocation of Gold to Silver but will probably end up much closer to 60/40 due to Silver being below $16.
Outside of holding PM for diversification, I'd love to buy a wood crate of 10 oz. Scottsdale raw silver bars and some 25gr. Pamp sheets just for fun, and to motivate my brother's kids to invest. (It's only about $10K/box.)
It's been a very long time since I've purchased any PMs. Have you found a reliable dealer that you feel comfortable with (that you are willing to share.)? I think it just might be time to buy a little silver - doesn't seem likely that you could dig it up and process it for $16. Besides, it has quite a number of uses (though photography has dropped off drastically.)
Thanks for the reference to PAMP sheets. I didn't know what that was until I looked it up. Way cool. Something very appealing about the presentation. Such small pieces of metal, yet so valuable. 1gm is about $40. Less weight to carry around than a couple of $20 bills (though I don't think I'll be carrying gold anytime soon - other than a couple of crowns.)
I don't hold platinum although it is more "valuable" in that it's more difficult to go dig up more of it (and there is dramatically less of it stored.)
If i read the article correctly , all about supply and demand and the strong dollar hurt platinum. https://www.pressreader.com/india/the-hindu-business-line/20151026/282278139189227My first husband worked for Engelhard and we used to have a giant poster charting the spot prices of gold, silver, platinum and palladium over time (with a different y-axis scale for silver since it was so much cheaper). I'm guessing that the chart ended around 1985 so this is ancient history but platinum was nearly always more expensive than gold. The few times they were close were aberrations.
Now every time I look, platinum is worth less than gold (currently $925 vs. $1,229). I've had 2 rings reset in platinum settings and bought one (very light) platinum chain and believe me, they ALWAYS charge more for platinum partly because it's harder to work.
Any idea why platinum has been cheaper than gold for so long? I know it used to be an important component of catalytic converters. A little OT but I thought this group might have an answer.