Great Time to Invest in Silver!

[DLD]

Today the price of silver (AG) has dropped again. The market closed today at $29.08, last August the price was beyond $42.00. I think we have come very close to a low for this year and I believe it is a great time to invest. If we see a peak in August, as we did last year, people could practically double their money.

If you want to learn about PM investments check out the KITCO site, they have a affluent users forum and tons of great advice.

 

[koooky]

Good advice--I've been buying silver for years.

It's been awhile, but a person would need to read up on the 30/35:1 ration to gold as well as an indicator for buying signs.

 

[gishdu]

I recommend northwest territorial mint if ya gonna be buyin some size...

 

[magiksock]

Thanks DLD. I really appreciate the heads up. Silver is always under the radar but has been moving well the last couple of years. Can u provide a couple of ways to buy it? I don't know how to invest in commodities.

 

[DLD]

Thanks DLD. I really appreciate the heads up. Silver is always under the radar but has been moving well the last couple of years. Can u provide a couple of ways to buy it? I don't know how to invest in commodities.

I buy right through ebay. I mostly stick to American Eagle Rolls but I will buy junk silver too when the price is so low. I spend about 50% of my income and I take physical delivery. I did very well this year, I bought at $24 and sold at $35. I was kicking myself for not selling at $42 but you never know. I am going to spend 100% of my income on silver over the next few weeks and hopefully unload the same in August.

I also should give you guys the heads up on Nickel and Copper. Currently the American Nickel has a face value of 5¢ with a melt value of 12¢, a copper penny has a face value of 1¢ and a melt value of 3¢. For many guys silver and gold may be too high of a risk but the same can play the copper and nickel game. The heads up on these metals is I believe their value to double by years close. With the US government ending the production of the Nickel with it's current metal make up of Nickel, Copper, Zinc and Base Metals to a clad version made from 100% base metal garbage. Just like the quarter, with a face value of 25¢ and the dime with a 10¢ face both have a melt value of less than 1¢. The same will ring true for the penny and nickel by the years close.

What should you do? When you see the US Government buying back coins it should be a HUGE red light for you to do the same. For instance, if you put $100 savings away in the bank each month you could do the same with nickels. Take the $100 paper and covert it to $100 in Nickels. The same purchase over the next year will prove just how lucrative the market is. Buying pennies has been played out, most collectors bought up the copper pennies when we saw the penny disappear from the system. Today all pennies are struck in base metal, or clad. Nickels are highly unsought. Most people do not even notice them but I guaranty you that you will find less and less in your change over the next few months. My advice is to keep all of your nickels and purchase as many as you can from your bank. Find a big closet and start stacking. This time next year you will be sitting on a small fortune. I believe the nickel will become bought and sold at the 12-14¢ range by December of 1212.

Why does the government buying back the nickels? The same reason they bought back the pennies, magnets. With a large percentage of the world using batteries on the level we do today (and even greater in the future), metals like nickel, copper, zinc, magnesium, lithium, etc. are skyrocketing in price. This is mainly known in industry but the signs of it can be seen now with the penny being eliminated and the nickel soon to be. Remember, these are elements and they are very limited. This means, they can not be created, there is the amount there is and when it is gone, it is gone. WHen the music stops and your not holding, you lose your spot.

We can see this in the history of Silver and Gold in the USA. In the 30's we lost our gold currency and in the 60's we lost our silver. A silver dollar from 1964 was worth $1 face value and $1 melt value. Today, the same silver dollar has a melt value of about $20! A $50 Gold Eagle is worth $1,800! This market is difficult to get into due to the constant increase in price but with silver showing price almost $20 less than last year you can't ignore it.

Buy in the dips and keep stacking...we will all get paid!

 

[magiksock]

I buy right through ebay. I mostly stick to American Eagle Rolls but I will buy junk silver too when the price is so low. I spend about 50% of my income and I take physical delivery. I did very well this year, I bought at $24 and sold at $35. I was kicking myself for not selling at $42 but you never know. I am going to spend 100% of my income on silver over the next few weeks and hopefully unload the same in August.

I also should give you guys the heads up on Nickel and Copper. Currently the American Nickel has a face value of 5¢ with a melt value of 12¢, a copper penny has a face value of 1¢ and a melt value of 3¢. For many guys silver and gold may be too high of a risk but the same can play the copper and nickel game. The heads up on these metals is I believe their value to double by years close. With the US government ending the production of the Nickel with it's current metal make up of Nickel, Copper, Zinc and Base Metals to a clad version made from 100% base metal garbage. Just like the quarter, with a face value of 25¢ and the dime with a 10¢ face both have a melt value of less than 1¢. The same will ring true for the penny and nickel by the years close.

What should you do? When you see the US Government buying back coins it should be a HUGE red light for you to do the same. For instance, if you put $100 savings away in the bank each month you could do the same with nickels. Take the $100 paper and covert it to $100 in Nickels. The same purchase over the next year will prove just how lucrative the market is. Buying pennies has been played out, most collectors bought up the copper pennies when we saw the penny disappear from the system. Today all pennies are struck in base metal, or clad. Nickels are highly unsought. Most people do not even notice them but I guaranty you that you will find less and less in your change over the next few months. My advice is to keep all of your nickels and purchase as many as you can from your bank. Find a big closet and start stacking. This time next year you will be sitting on a small fortune. I believe the nickel will become bought and sold at the 12-14¢ range by December of 1212.

Why does the government buying back the nickels? The same reason they bought back the pennies, magnets. With a large percentage of the world using batteries on the level we do today (and even greater in the future), metals like nickel, copper, zinc, magnesium, lithium, etc. are skyrocketing in price. This is mainly known in industry but the signs of it can be seen now with the penny being eliminated and the nickel soon to be. Remember, these are elements and they are very limited. This means, they can not be created, there is the amount there is and when it is gone, it is gone. WHen the music stops and your not holding, you lose your spot.

We can see this in the history of Silver and Gold in the USA. In the 30's we lost our gold currency and in the 60's we lost our silver. A silver dollar from 1964 was worth $1 face value and $1 melt value. Today, the same silver dollar has a melt value of about $20! A $50 Gold Eagle is worth $1,800! This market is difficult to get into due to the constant increase in price but with silver showing price almost $20 less than last year you can't ignore it.

Buy in the dips and keep stacking...we will all get paid!

Thanks for this thorough and well thought out explanation. You've definitely sparked my interest in investing in metals. I've been hearing about silver being undervalued, but didn't know how to proceed. Thanks for trying to hook us up.

 

[DLD]

Thanks for this thorough and well thought out explanation. You've definitely sparked my interest in investing in metals. I've been hearing about silver being undervalued, but didn't know how to proceed. Thanks for trying to hook us up.

AT 28.14 it is extremely undervalued compared to last year. Remember that August there is always a buying trend and picking up now and holding till Agust could mean a double in your money. I wish I could buy right now. I see rolls of Silver Eagles going for 690 on Ebay while in August of last year they were at 1100! Pricing has never been better.

 

[8incyclops]

Today it's $28 i remember last year it being close to $40 when i was going to buy.Time to get some now in the dip do you think i should buy coins or the big bars?,coins will be easier to sell.

 

[canuckscup]

Today it's $28 i remember last year it being close to $40 when i was going to buy.Time to get some now in the dip do you think i should buy coins or the big bars?,coins will be easier to sell.

Coins are easier to sell off and allows you to only sell part of what you have if you choose to do so. You get the best pricing on buying through a site like Northwest Territorial Mint rather than eBay and from them you know that what you are getting is real silver.

 

[DLD]

Today it's $28 i remember last year it being close to $40 when i was going to buy.Time to get some now in the dip do you think i should buy coins or the big bars?,coins will be easier to sell.

I am all coins. I usually go with Silver Eagle 1 oz. bullion rounds but I do collect a lot of junk silver (pre-1965 us silver coins). These are the easiest to sell.

 

[TRRbogie]

Does anybody have any experience dealing with somebody like Goldline or Merit Financial vs a mint for purchasing silver and/or gold?

 

[DLD]

Does anybody have any experience dealing with somebody like Goldline or Merit Financial vs a mint for purchasing silver and/or gold?

Too official for me I like the idea of deals on Ebay with no real paper trail.

 

[canuckscup]

Too official for me I like the idea of deals on Ebay with no real paper trail.

You might wanna check around a bit more at mints or see if you have a local dealer. They usually take cash and I find that the cos of shipping brings your prices up and usually the prices aren't as good as dealers. My local dealer I pay about $1 less per oz than buying on eBay.

 

[TRRbogie]

Thanks. I'm gonna do some checking around here and see what local dealers in Chicago have to offer and also put put a small order thru Northwest - we'll see what happens. I have a general distrust of eBay, so I'm not going that route unless somebody has good reviews of a specific seller.

 

[DLD]

$26 before the end of the day!

 

[rexreo7]

Thanks for giving advice, i hope that i will take advantage of your advice and the market condition at this time.

 

[TRRbogie]

Just reporting back regarding buying silver on the net:
Still waiting for delivery from Northwest - they have an 8-10 week shipping timeline. Not great if you want stuff in your hands sooner rather later, even if it saves you a little $.
Also ordered from ProvidentMetals http://www.providentmetals.com/ and WestMinster Mint http://www.coin-rare.com/. Both delivered quickly and you can pay with personal check or CC.

 

[DLD]

Just reporting back regarding buying silver on the net:
Still waiting for delivery from Northwest - they have an 8-10 week shipping timeline. Not great if you want stuff in your hands sooner rather later, even if it saves you a little $.
Also ordered from ProvidentMetals http://www.providentmetals.com/ and WestMinster Mint http://www.coin-rare.com/. Both delivered quickly and you can pay with personal check or CC.

I buy mostly on Ebay, if you play the game right you can usually pick up under spot. Silver is still very low and still a great opportunity if last years charts are compared to this year. I am hoping to see a spike as we did last August.

It is also a good time to start stacking us nickels. Currently they have a melt value of about 8¢ with a face of 5¢. The government will be discontinuing the nickel in the next year or so. Once this happens I think we will see similar movements in nickel/copper as we have in silver after it was removed from the coins in 1965. You will need some room to store but I think it will be well worth it. The nice thing is a nickel will never be less that 5¢ so if the bottom falls out you still have your original face value. With all elements there is a limitation to how much we can extract and the lower the value of the element, in this case nickel and copper, much of the metals will never be reclaimed from industry. If the nickel becomes discontinued from it's present origin we will have a massive opportunity to cash in and double, triple or even more your money.

Remember, a piece of paper has little value if the economy collapses, metals will always hold their value.

 

[Powersnake12]

Hey all,

I'm a head trader for California Numismatic investments. www.golddealer.com

If you have any questions re: the markets and how to invest, PM me.

I'm not going to say much more since I'm here for Penis Enlargement. Check out the site for a complete education.

 

[TRRbogie]

I try to grab $20 worth of rolled nickels every time I'm in the bank. Stack em in a box in a closet or basement. Worst case is in a few years you've saved yourself a decent little nest egg.

 

[DLD]

I try to grab $20 worth of rolled nickels every time I'm in the bank. Stack em in a box in a closet or basement. Worst case is in a few years you've saved yourself a decent little nest egg.

That is a smart move! I am going to start ordering bags of nickels once per month and do the same.

 

[Powersnake12]

$26 before the end of the day!

Silver looks to have bottomed today, with the gap down at the open and a clear reversal.

Now higher in the afterhours.

Good time to add to your positions; I am.

Look for a quick move to the $28.30 range.

 

[DLD]

Silver looks to have bottomed today, with the gap down at the open and a clear reversal.

Now higher in the afterhours.

Good time to add to your positions; I am.

Look for a quick move to the $28.30 range.

I am waiting for $25 because the next drop is expected to be at around $21 but this is all speculation. We are coming closer to August and last year we saw $40+. I am hoping for a big drop and a huge recovery...we will see!

 

[Powersnake12]

I am waiting for $25 because the next drop is expected to be at around $21 but this is all speculation. We are coming closer to August and last year we saw $40+. I am hoping for a big drop and a huge recovery...we will see!

You can afford to Dld because your average cost is so low.

Unless the broader markets drop significantly we may not get there.

Especially given with what is happening in Europe and the fact that US is in even worse shape. If the markets drop expect more stimulus.

IMHO the risk is to the upside.

As you wrote, we shall see.

 

[DLD]

You can afford to Dld because your average cost is so low.

Unless the broader markets drop significantly we may not get there.

Especially given with what is happening in Europe and the fact that US is in even worse shape. If the markets drop expect more stimulus.

IMHO the risk is to the upside.

As you wrote, we shall see.

Last time I was actively buying silver was when it was at $32. I managed to sell off about 1/3 of my holdings this past Spring at $34, I did not want to sell but I had to. If I knew this was going to be the case last year I would have waited and picked up much more. I currently hold about 10oz. of Gold and about 200 oz. of Silver, not a lot but enough in case of an emergency. I would love to be at 1 pound of Gold and 1000oz. of Silver, that was my original goal but I fell on a bit of a hard time. Looking forward to better times and being able to buy again.

 

[Powersnake12]

Last time I was actively buying silver was when it was at $32. I managed to sell off about 1/3 of my holdings this past Spring at $34, I did not want to sell but I had to. If I knew this was going to be the case last year I would have waited and picked up much more. I currently hold about 10oz. of Gold and about 200 oz. of Silver, not a lot but enough in case of an emergency. I would love to be at 1 pound of Gold and 1000oz. of Silver, that was my original goal but I fell on a bit of a hard time. Looking forward to better times and being able to buy again.

Sooner or later better times will arrive. Sooner or later you will buy again. The more you accumulate the more you'll be better off.

When you are ready drop me a line. I'm the head trader here: www.golddealer.com

For your contribution to my growth, I'll give you great deal. PM me when its time.

 

[DLD]

Sooner or later better times will arrive. Sooner or later you will buy again. The more you accumulate the more you'll be better off.

When you are ready drop me a line. I'm the head trader here: www.golddealer.com

For your contribution to my growth, I'll give you great deal. PM me when its time.

I like the sounds of this! I will hit you up

 

[Powersnake12]

Any move in price over $28.39 means the uptrend has resumed.

Keep an eye on it over the next week.

 

[DLD]

Any move in price over $28.39 means the uptrend has resumed.

Keep an eye on it over the next week.

$27.33 right now, that still puts me upside down...Break even for me is $32.40, selling point would be $40.

 

[Powersnake12]

$27.33 right now, that still puts me upside down...Break even for me is $32.40, selling point would be $40.

I am loving the chart. Beautiful reversal. Lovely hammer candle.

Bought some more today at the lows. Every time the Fed speaks they run it down. Guaranteed.

Get in and bring your avg. cost down. You are going to see some moves soon. A break above $27.53 is to be bought.

Don't sell till we hit $49 again.

 

[DLD]

I am loving the chart. Beautiful reversal. Lovely hammer candle.

Bought some more today at the lows. Every time the Fed speaks they run it down. Guaranteed.

Get in and bring your avg. cost down. You are going to see some moves soon. A break above $27.53 is to be bought.

Don't sell till we hit $49 again.

Lets hope you are right! To the fucking moon!

 

[Powersnake12]

Lets hope you are right! To the fucking moon!

Time to buy.

We had a breakout over a descending trendline yesterday with follow through today.

Today's move over $27.47 intraday represents a change in trend to the upside. It is higher in the afterhours by ten cents.

Add to your positions on any down day.

The same applies to gold.

 

[DJ7]

man, its at $31 an ounce now.... i guess now is the time to buy since it started going up?

 

[DLD]

man, its at $31 an ounce now.... i guess now is the time to buy since it started going up?

The best time to buy would have been when it was at 26.xx, at $31 it is still a good play. Silver is a long term investment and the market will constantly fluctuate. There are days when I am rich and there are days I wake up and check the charts and I am poor I just keep stacking and I will never sell. We should see silver hit $40 before December.

 

[TRRbogie]

Agree with DLD. You may have missed the boat on the last $5 worth of movement up, but I think it's got a lot more room to go up.

 

[DLD]

Agree with DLD. You may have missed the boat on the last $5 worth of movement up, but I think it's got a lot more room to go up.

I certainly missed it but I was cash poor when the price was so low. I wish I would have sold some shit and picked up another 500 ounces. Oh well. Today I am a little bit richer with the 31.xx price but will hold steady until $40+. I may still pick up some junk silver over the next few weeks. I think we will see the biggest movements come late November, early December.

 

[DLD]

Yesterday I picked up two rolls of half dollars at my local bank, $20 worth to search for silver. ANyway, got home and opened the rolls and they were ALL silver! $20 investment and I made $400! Be sure to check your local, small banks for rolled halves, you can really score.

 

[DJ7]

wow! thanks for sharing DLD...

now are all the half dollars silver or ours it a hit and miss?

Yesterday I picked up two rolls of half dollars at my local bank, $20 worth to search for silver. ANyway, got home and opened the rolls and they were ALL silver! $20 investment and I made $400! Be sure to check your local, small banks for rolled halves, you can really score.

 

[DLD]

wow! thanks for sharing DLD...

now are all the half dollars silver or ours it a hit and miss?

Hit and miss. US half dollars were 90% silver up to 1964. 1965-1970 halves are 40%. I got about half and half, total of $350 from $20 face value. Most of the time you will find nothing but it is still worth it and it is an awesome hobby. I mean you give them $20 for 40 halves, your not spending anything but time. If they are not silver I use them as money.

 

[DJ7]

ok, so if the coin is pre 1964 that automatically means they're silver or its there a different way of telling whether they're silver?

Hit and miss. US half dollars were 90% silver up to 1964. 1965-1970 halves are 40%. I got about half and half, total of $350 from $20 face value. Most of the time you will find nothing but it is still worth it and it is an awesome hobby. I mean you give them $20 for 40 halves, your not spending anything but time. If they are not silver I use them as money.

 

[DLD]

ok, so if the coin is pre 1964 that automatically means they're silver or its there a different way of telling whether they're silver?

Thats about it. If it is Kennedy dated in 1964 it is 90% silver. If it is a 1965-1970 it is 40%. 1948-1963 were Franklin Half Dollars, 90%. 1916-1947 were walking liberty halves, 90% silver. Prior to that it is pretty much full dollars of 90%. The same thing applies to dimes and quarters, 1964 and back are 90% silver.

 

[DJ7]

Thats about it. If it is Kennedy dated in 1964 it is 90% silver. If it is a 1965-1970 it is 40%. 1948-1963 were Franklin Half Dollars, 90%. 1916-1947 were walking liberty halves, 90% silver. Prior to that it is pretty much full dollars of 90%. The same thing applies to dimes and quarters, 1964 and back are 90% silver.

ok cool, ya got me started on a new hobby....

let me know what you think about this article.... its saying silver might go up to $150 am ounce butt let's not forget people were also saying this would happen least year, but it never did....

let me know what you think....

http://alternatenewsmedia2012.wordpress.com/2012/09/07/the-ecb-move-4000-5000-gold-150-silver/

 

[DLD]

ok cool, ya got me started on a new hobby....

let me know what you think about this article.... its saying silver might go up to $150 am ounce butt let's not forget people were also saying this would happen least year, but it never did....

let me know what you think....

http://alternatenewsmedia2012.wordpress.com/2012/09/07/the-ecb-move-4000-5000-gold-150-silver/

Yeah, I read that article and it is really total speculation. I am in it for the long run, I think Silver will break $100 in the next few years so stacking now is important. If you are in it for the short money you can always play the market but I find it best to stack and stack and ignore what is going on.

 

[DLD]

How much is a single coin worth?

90% Silver, 1964 back, half Dollars, either Kennedy, Walking or Franklins are worth about $12 each. A 1964-1970 Kennedy Half is worth about $6.

 

[DLD]

Thanks for the tips! I have a huge change basket. Time to go searching.

A good tip when going through a lot of change is to use your ears to here the silver rather than check dates, especially on dimes. Get a 90% coin and drop it on the counter, it will make a high pitched, pretty ring sound but if it was not silver it would make a thud sound. This can speed the process of change searching.

Also remember that nickels are already worth about 8¢ in melt value right now and the government plans on eliminating the current nickel over the next year. A good rule of thumb is when the government is buying back nickels it is time for you to start hoarding them. After nickel is gone from the market we will see the price of Zinc, Copper and Nickel skyrocket. Also, don't sleep on copper pennies, another double on your investment.

 

[DLD]

Do the copper pennies have to be 1964 or earlier also? How can you tell whether it's copper or not?

1984 and back.

 

[TRRbogie]

Here's a good place to go to find out what each coin is worth http://coinflation.com/

 

[DLD]

ok, so if the coin is pre 1964 that automatically means they're silver or its there a different way of telling whether they're silver?

Well the date is the easiest way. As you get better with searching you start to feel and hear the differences in silver and clad. I can simply drop a coin on the counter and by the pitch it rings I know if it is silver or clad. I can do the same with Gold. You can also search rolls by looking at the spine of a roll, cut it open and look at the side of the stacked coins, clad will have a definite, two-ply look, while silver remains shiny and uniform. This does not work with 40% pure coins though, these are highly missed in Kennedy Halves because they almost look like clad (Kennedy halves from 1965 - 1970 were 40% silver). I think searching halves is the fastest and most fruitful. Quarters are hard to tell and dimes are even harder. If you have the time, just sitting around doing passive Penis Enlargement, why not search the dimes and quarters? I don't know, it is all a lot of fun and a no cost hobby that can become very profitable. Finding small town, independent banks are best, lots of old people turn in coins not knowing about the silver. The banks are not allowed to search for silver so these rolls are for sale at all banks. Just get a good relationship with a few banks and stop by once a week to pick up there stock. I am lucky because I have a connection in a small bank where an unusual amount of silver shows up. I get a call when she sees something

Tag sales are also a good place to visit. Ask the owners if they have any old change they want to sell. In many cases you can buy silver at 2 times face, 3 times, you know, you get lucky. Also the big flea markets are a great place to search for change. Many coin dealers will sell junk silver at below market. Make a couple good relationships with coin dealers and you can stack that way too.

Kitco.com has great user forums that can really help you understand the entire precious metals market.

 

[DLD]

Well here we are on the day before the market opens with silver dropping into the 33.xx zone showing support for another, brief opportunity to buy some silver at sub $30 pricing. I think we will see this begin on Monday but by end of day Tuesday silver will be in the 29.XX zone giving a very brief opportunity to make a big buy early this week. By end of November we will see 38.xx showing support for 40.XX+ Right now both silver and gold are undervalued. With the shorts coming up, the issues with Greece, threats of QE3 and an upcoming election I think we can see precious metals sore into historic levels. I believe we are about to see a very large transfer of wealth and anyone who has put precious metals aside will profit over the course of this year. Buy as much as you can and sit on it, in 12 months you will be very happy you did.

Tuesday I hope to make a purchase at sub $30 pricing. Prepared to do whatever I have to to get as much physical as I can....paper is even a smart buy at this point...quicker to trade...I am ready to murder everything under $30 and Gold will follow the same path. In a much smaller way, I will also take advantage of the dip that will happen there also.

I hope my predictions are spot on or under...lets watch the charts

Looking at this pattern over the past 12 months we can see a reflective pattern emerging that is about to drop a few dollars more before it will bounce into the $40+ area. We could see some crazy instability that could create quick pockets to get on board before silver goes into support for a price well over $50 according to some, even more. I told you to invest over the course of this thread and hyou have seen these oppurtunities come and go, I hope some have done well with this advice.

And don't forget about poor man's silver, nickels are the next big thing for 2013-14..expect to see a sizable increase in the price of nickel, zinc and copper. Amassing a big storage of American nickels, if you have the room, is the smartest thing to think about over the next 6 months. Remember, a nickel will never be less than 5 cents but in the near future I believe the nickel will have a melt value north of 50 cents! 10 times your money for some storage over the next 2 years! Hey, if I am wrong, you have not lost one nickel!

 

[DLD]

Could today be the day? So far, price is at 32.70, China half way through their day. 8 hours till the US market opens. Any bets on this one? I bet we see a very big movement today, before end of day a lot of people will be very happy and a lot of people are going to be very upset, which will you be? Hard to play it now, I said I would start to buy at 32.50, lets hope the market opens at $25.00