Silver coins/rounds question

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Originally Posted by rondog

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There's supposedly far more silver traded on the futures market than there is produced every year, so there's supposedly a supply/demand deficit. There's a lot of analysts saying there's not enough supply to meet the demands, yet the price is way too low. I just wish I had the means to load up on it while it's down right now.

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Paper vs physical. People sell paper shares of physical metals, selling the same ounces over and over again, wait til the paper holders try to collect on the physical metals.

The banks are doing the same thing with financial instruments like the mortgage on your house.

I'll keep watching it the next few weeks and reading. There's speculation either way, but silver's up 5% just today...

While silver bullion is one of the better way to leverage against the inflation, look into numismatic silver also. My ms70 silver from the 2000s worth upto 10x the current silver spot price now.

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Originally Posted by rondog

I just wish I had the means to load up on it while it's down right now.

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^This.

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Originally Posted by ChunkyMonkey

While silver bullion is one of the better way to leverage against the inflation, look into numismatic silver also. My ms70 silver from the 2000s worth up to 10x the current silver spot price now.

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If I had any, I'd sell them now and convert to bullion. But that's just me.

IMHO and the way I understand it, a large portion of the value of numismatics comes from their historical/collectable contexts, not solely the metal content of them. If currency devaluation like inflation or reserve currency changes were to occur and a true "economic collapse" takes hold, the historical and collectable aspects could be worth moot. The metal content is the only thing that really has any level of assured future value... maybe I'm wrong, but I opt for the cheap .999 bullion rounds and ingots, and will not pay a premium just to have the collectable ones like Eagles, Pandas, etc for the same reason...

I used to have a 100oz. Englehard bar that I bought for $285, it was awesome! Also used to have a sackful of rounds I bought under $5 each. Had to sell it all years ago to pay bills. What I still have I bought around $13, I think. I'd like to have a safe full of just silver! I really believe there's more profit potential there than in gold. Silver can easily double from where it is now, or triple. Could gold?

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Originally Posted by Sawin

If I had any, I'd sell them now and convert to bullion. But that's just me.

IMHO and the way I understand it, a large portion of the value of numismatics comes from their historical/collectable contexts, not solely the metal content of them. If currency devaluation like inflation or reserve currency changes were to occur and a true "economic collapse" takes hold, the historical and collectable aspects could be worth moot. The metal content is the only thing that really has any level of assured future value... maybe I'm wrong, but I opt for the cheap .999 bullion rounds and ingots, and will not pay a premium just to have the collectable ones like Eagles, Pandas, etc for the same reason...

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You actually hit 2 birds w/ one stone by collecting numismatics. Sold my 1986 ngc ms70 1 oz silver eagle... for $670. I have a collection of complete silver eagle.. ms70 and ms69 from 1986-2013. In Bullion, it's only worth $560. Care to estimate the ms70 value? :D

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Originally Posted by Sawin

If I had any, I'd sell them now and convert to bullion. But that's just me.

IMHO and the way I understand it, a large portion of the value of numismatics comes from their historical/collectable contexts, not solely the metal content of them. If currency devaluation like inflation or reserve currency changes were to occur and a true "economic collapse" takes hold, the historical and collectable aspects could be worth moot. The metal content is the only thing that really has any level of assured future value... maybe I'm wrong, but I opt for the cheap .999 bullion rounds and ingots, and will not pay a premium just to have the collectable ones like Eagles, Pandas, etc for the same reason...

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You're thinking like a prepper and that is a good thing! An ounce is an ounce is an ounce, when the balloon goes up no one will care that the coin is a 1887 whatchamacallit.

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Originally Posted by roberth

You're thinking like a prepper and that is a good thing! An ounce is an ounce is an ounce, when the balloon goes up no one will care that the coin is a 1887 whatchamacallit.

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While it's good to think like a prepper... it's also good to have financial stability and growth. When the SHTF moment comes, you will be ready no matter what - til then, some of us actually triple/quadruple our silver every few months by making the right investment.

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Originally Posted by ChunkyMonkey

While it's good to think like a prepper... it's also good to have financial stability and growth. When the SHTF moment comes, you will be ready no matter what - til then, some of us actually triple/quadruple our silver every few months by making the right investment.

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I understand your perspective and point ChunkyMonkey, my investment experience is not the same as yours so I'll just stick with non-numismatic metal.