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!
I like the idea of deals on Ebay with no real paper trail.
