Great Time to Invest in Silver!

TRRbogie · Nov 12, 2012

youknowme123321;517266 said:
anyone ever hear of goldmoney.com? any good?

No experience with them, but the 3.99% fee on top of SPOT for silver, and what looks like some ID verification process would be a red flag for me. Compare that to what you'd pay at Provident Metal (above).

I'd stay away from anbody that's advertising on cable. Even if they're legit, somebody's got to be paying for their advertising overhead.

youknowme123321 · Nov 12, 2012

thanks TRRbogie

youknowme123321 · Nov 13, 2012

So does it matter if it's coins or bars? I'm completely new to this and trying to learn quickly before silver prices increase. Does it matter if I buy coins or bars? Thanks

Right now I am leaning toward 1 oz OPM .999 Fine Silver Bars.

youknowme123321 · Nov 13, 2012

So with nickels, say i have $100 worth of nickels and in 2 years the melt value of a nickel is 20 cents making my $100 worth of nickels worth $400. Will I take these nickels to my local coin store and ask them for something around $350-375 for my $100 FV nickels?

Thanks for all the help. Just trying to get as much of a grasp as I can from reading about nickels and silver

And I just noiticed the nickels MV is now worth less then 5 cents

stingrey · Dec 17, 2012

First, recession or not, the increase in the federal debt to twice its current level will reduce the value of the dollar. If you have a 1000 dollars today, it may have the buying power of 100 dollars in ten years. Or another way, it may take a wheelbarrow full to buy a car for instance. The more money is printed without backing, the less value it has.

That is why silver (and gold) are good investments. They are real, tangible wealth. If the dollar collapses, you still have real money, not a piece of paper backed by nothing.

DLD · Dec 17, 2012

stingrey;522822 said:
First, recession or not, the increase in the federal debt to twice its current level will reduce the value of the dollar. If you have a 1000 dollars today, it may have the buying power of 100 dollars in ten years. Or another way, it may take a wheelbarrow full to buy a car for instance. The more money is printed without backing, the less value it has.

That is why silver (and gold) are good investments. They are real, tangible wealth. If the dollar collapses, you still have real money, not a piece of paper backed by nothing.

A man after my heart!

commercial · Jan 4, 2013

hi dld, i'm too late to read this topic. I should have read it back last August.

Do you think it is still better as of now to invest in silver/gold? And btw, do you think it is a good investment even if i'm not living in US/ countries that does not have silver coins?

TIA

TRRbogie · Jan 15, 2013

Good article with some basic info re silver investing - http://www.silverseek.com/article/silver-series-silver-investment-part-3-8866

TRRbogie · Jan 15, 2013

Even if you don't live in the US, you can buy Silver coins/bullion - many countries mint coins/rounds/bars - www.providentmetals.com has stuff from a number of them. Not sure if they ship outside the US, or if shipping costs make it cheaper to find a supplier closer to you.

Powersnake12 · Jan 30, 2013

commercial;525494 said:
hi dld, i'm too late to read this topic. I should have read it back last August.

Do you think it is still better as of now to invest in silver/gold? And btw, do you think it is a good investment even if i'm not living in US/ countries that does not have silver coins?

TIA

Its not too late.

The next leg up is about to start.

A dollar move today.

Get started

DLD · Jan 30, 2013

Powersnake12;530255 said:
Its not too late.

The next leg up is about to start.

A dollar move today.

Get started

I just picked up 8 ounces of Gold! My offer was in before the spike and I accepted it thereafter

I love when time works for me!

acer33 · Feb 4, 2013

stingrey;522822 said:
First, recession or not, the increase in the federal debt to twice its current level will reduce the value of the dollar. If you have a 1000 dollars today, it may have the buying power of 100 dollars in ten years. Or another way, it may take a wheelbarrow full to buy a car for instance. The more money is printed without backing, the less value it has.

I always say the paper is backed by future debt.

I look at this debt chart sometimes to see where its all at

http://www.economist.com/content/global_debt_clock

rakas · Feb 4, 2013

Looks like all the QE in the system has prompted a surge in stocks above the values we should expect for stagnant/sub-par growth, could be a good 10% contraction so what out for a surge in gold and silver this year.

Powersnake12 · Mar 12, 2013

$14 move for gold today.

$.32 move for silver.

Looks like they've bottomed.

Time to accumulate.

Cheers.

DLD · Mar 13, 2013

Powersnake12;538090 said:
$14 move for gold today.

$.32 move for silver.

Looks like they've bottomed.

Time to accumulate.

Cheers.

Yeah, I picked up a pound of gold and a half box of ASE's. Will continue to grab these bargains and I plan on a big trade up to property when the rise comes. Great freaking bargains! I almost got a complete Tiffany set of silver in original condition, from 1890 for spot price of silver! I lost the auction by nothing. I am amazed at how everyone is unloading their wealth? Can't they see the future?

DLD · Mar 13, 2013

Also, forgot to mention, have $1000 in nickels and about the same in pennies, going to try to get my numbers up here too. Lastly, would love to cop a half pound of platinum...we will have to see.

8incyclops · Mar 13, 2013

sili question can you buy any metal in bulk and melt it down yourself to sell in smaller amounts?

DLD · Mar 14, 2013

8incyclops;538377 said:
sili question can you buy any metal in bulk and melt it down yourself to sell in smaller amounts?

It is currently illegal to melt us coins. If it where legal one could easily double his money day after day for all time with nickels done. A Nickel, being 5¢ has a average melt value of about 10¢ (between 8 and 12). If you had a cauldron that could handle 100,000 nickels per day ($5000), every melt you would clear any where from $4000-$6000. This could be even higher by melting down copper pennies where you would triple your investment in a melt. Believe me, many people do this and get away with it. People have been melting silver coins for a long time now.

Consider a silver dollar with a face vale of $1 but a melt value of $23.00....25 times the value! Imagine in 1980 when the price of silver went from $6 to $48.00! The complete transfer of wealth by the value of silver! People who held on to their quarters and halves and dollars all cashed in and became rich. The same thing we will see again and it will happen with copper, zinc and nickel.

I am not sure how to feel about the current state of silver and gold but a good chance to buy PM's cheap. I hope we see a sharp increase similar to August of 2011 where I can cash out and buy some beautify property! I have always turned every dollar I have into metal and I am waiting for the chance to really see a transfer in wealth in my own life!

8incyclops · Mar 15, 2013

doublelongdaddy;538536 said:
It is currently illegal to melt us coins. If it where legal one could easily double his money day after day for all time with nickels done. A Nickel, being 5¢ has a average melt value of about 10¢ (between 8 and 12). If you had a cauldron that could handle 100,000 nickels per day ($5000), every melt you would clear any where from $4000-$6000. This could be even higher by melting down copper pennies where you would triple your investment in a melt. Believe me, many people do this and get away with it. People have been melting silver coins for a long time now.

Consider a silver dollar with a face vale of $1 but a melt value of $23.00....25 times the value! Imagine in 1980 when the price of silver went from $6 to $48.00! The complete transfer of wealth by the value of silver! People who held on to their quarters and halves and dollars all cashed in and became rich. The same thing we will see again and it will happen with copper, zinc and nickel.

I am not sure how to feel about the current state of silver and gold but a good chance to buy PM's cheap. I hope we see a sharp increase similar to August of 2011 where I can cash out and buy some beautify property! I have always turned every dollar I have into metal and I am waiting for the chance to really see a transfer in wealth in my own life!

Thanks for the reply I've been looking at buying metal before but never did now I'm going to start collecting,our coins in oz are not pure silver but a mix but i can buy direct bats from our mint,I've seen 1 oz silver bars on eBay selling now for around $40-$45 when silver is only $28 last time I checked,I was thinking of buying in bulk then melting down 1 oz bars and selling for a profit not now but later on when it rises more.
I have some cash saved up I want to buy heaps but a bit unsure either gold,silver or platinum.

DLD · Mar 16, 2013

8incyclops;538583 said:
Thanks for the reply I've been looking at buying metal before but never did now I'm going to start collecting,our coins in oz are not pure silver but a mix but i can buy direct bats from our mint,I've seen 1 oz silver bars on eBay selling now for around $40-$45 when silver is only $28 last time I checked,I was thinking of buying in bulk then melting down 1 oz bars and selling for a profit not now but later on when it rises more.
I have some cash saved up I want to buy heaps but a bit unsure either gold,silver or platinum.

Safest place to buy silver is in either Silver Eagles or Silver Junk Change. How I do this is by being a vulture on the desperate on ebay. I look for auctions listed at like 2-3 am, 24 hour auctions from people with terrible feedbacks. I know I am going to get it cheap and I know if I am ripped off Paypal will protect me. I can't tell you how much I have scored using these methods.

Great Time to Invest in Silver!

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