Silver investment

Ok the question is what to invest in, I have 20k and wanted to put it all in silver but my question is to pay the premiums or not should I just buy pre-64 coins or spend the extra on Canadian Maple Leafs or coins like it or just buy generic bars. Or what other ideas do you all have to invest 20k in that would turn a decent percent in 10 to 15 years.

Unless you have a helluva lot of money, that might be too high a percentage to put into silver or any precious metals (and I'm a bull on silver).

However, if you are set on spending all 20k into silver it would depend on your reasons.

If you are thinking complete SHTF, might be better to get pre-64.
If you are thinking purely investment-wise - it is somewhat easier to turn over government rounds - Maple Leaves, Walking Liberty, Silver Philharmonic, Mexican Libertad.

The deal is I got a retirement account that has done nothing but lose and I in no way depend on this money to live have that covered it will be a long term investment say 10 to 15 years so as investment point of view go with government minted coins

They are a bit easier to 'turn around' if you only plan on holding them for 10-20 years.
Get some of both - some silver outfits sell bags of pre-65 stuff.

If you are buying bulk - thousands of bucks at a time the premium on rounds isn't so bad anyway.

Ok thanks for the information so private mint silver rounds should be pretty good in the future.

Silver Eagle bullion rounds. Its not IRS reportable. Its guaranteed by the US Govt. And they are considered currency even though you wont use them for that. I would personally skip the junk silver. Now is a good time to buy with the drop in price.

Maples have the highest face value per ounce of what you listed, and they may be accepted better internationally if things got really bad for the US dollar and you had to go for face value. Of course, there is the converse for the Canadian dollar, especially if their real estate bubble bursts.

Bullion seems to always sell at a lower price over spot, this can help with a large purchase because premium (difference between spot and actual cost) can eat you up fast in large volumes (particularly on eagles and maples). Bullion is easy to move with the big dealers, but not so fast with smaller due to counterfeit coinage. Be aware of this for all silver you decide to purchase.

Pre-64 may be the easiest to use if SHTF really occurred, do you want to barter for something with a 1oz coin when a silver dime would suffice? Can you make change of a 5oz bar? It is one of the most easily recognizable forms of silver coinage, and that makes it easy too.

I would suggest that you go for a mix of all types above, Eagles/Maples for long holding, Pre-64 for actual usage if need be, and bullion for storage of wealth (while silver supports wealth storage).

Have you ever thought when you would get out of silver? If you are attempting to store your wealth in silver due to the decline of the dollar, markets or inflation, when are you going to get out of it for a different median to store the wealth? I'm just trying to suggest that you should have an exit plan for sliver like any other means of wealth storage (real estate, stocks, bonds, cash, etc.). The Alpha Strategy

Hope that helps.

no no no no no.


Do not invest all your money in one asset or even a large chunk like that. I would also hazard against investing in any type of speculative commodity like silver or gold.


you're heading for disaster.

George Soros sold out of all his gold; people on TV and radio are hocking this crap like nobodies business. If i was you i would run as fast as i can the other direction... not only that but you get hammered in the face with mint fees and all other kinds of nonsense.


state municipal funds or high dividend yield stocks or bonds....

Put everything into mutual fund bonds. Open an account like TDAmeritrade. Find the bond funds you like. Buy them. When it's time to get out sell them like you would a normal stock.


https://personal.vanguard.com/us/funds/vanguard/FundsTableView

High-Yield Corp Fund Inv
Long-Term Bond Index
Long-Term Invest-Gr Inv
Long-Term Treasury Inv

Of the four above I would not buy High-Yield. As of this writing the current Yield for that fund is around 7%. That's too low for Junk Bonds. Wait until the Feds raise rates before thinking about buying it. In normal times I suggest one or two of the Long-Term Bonds and the High-Yield.

A good strategy is to sale one of your long-term bond fund when the Feds raise rates. Reinvest the money into the High Yield fund.

Is Soro concerned about the USA's economy? When did that happen? Did he sell both paper and physical gold? I seem to hear from time to time about large paper sales in gold taking place to drive down gold prices and scare weak hands out of their gold.Just saying.

I agree and this may well be the biggest shaking of the tree to prune it from the faint hearted. I recently read that less than 0.8% of people own gold in this country. While many Americans are still ridding themselves of their PMs, Greeks can't buy anything less than a 30 ounce bar of silver. All the smaller rounds have sold out. If you go to ZeroHedge, many Chinese banks that sell PMs have sold out too as many Chinese trade their paper currency in for hard metal.

We are going through a paradigm change and the old conventions that we were raised on are being tossed out the window.

Here's an article on why gold prices can continue to go down. I don't believe any of it though. C'mon, IMF and European banks working to help Greece through? Heck, they're helping to fleece Greece.

Link

Premiums are going to be higher with the Silver Eagles, however I feel they offer a better deal since they are considered US Dollars. #1 They will always return spot. #2 You can freely move up to 10K in currency across borders. #3 There is a numismatic value to them also.

AMPEX, Englehard, Johnson Mathey carry a higher premium in silver rounds, bars etc. 'Generic rounds" command less of a premium. When I buy generic I lean to the 10 oz troy bars.

I've gotten myself to the point of selling 100 oz troy at a time. I could do more but 100 fits w/in my comfort levels. Plus at 100 oz I can haggle the premiums a bit' Once I sell, that money goes nowhere. It sits and waits. Until spot drops enough to get me a minimum of 10 dollars an oz profit (or better.) I've currently made 2 buys. If spot goes to 25.00 I'm going to buy more. Then I will wait until silver climbs back up to 50.00 spot and beyond.
it just takes patience.

Good luck to you

Thanks for all the comments I would much rather invest in a tangible item that I will have then a bond at this time I just don’t have that much faith in greenbacks. I like the idea with the American eagles because as you said they are considered currency and can be taken across borders my question is can Canadian maple leaves do the same as in crossing borders I can get those for a lower premium.

if you're worried about that then you can load up on junk silver too. currency and very little above spot.

The problem with silver is it is at the mercy of the greenbacks. I expect silver to go back to sub $10 range.

I bought some silver earlier this week.

My dealer was wanting a $4 premium per ounce on generic bars and rounds.

I got a bunch of Franklin halves at spot instead.

So what's with the 1996 date on American Eagles? I keep seeing they jump in price massively just at 1996.

96 was a low mintage year.

Fewer of them out there.

Ok, I was thinking that didn't make a difference 99.9% silver is 99.9% silver.

How you been brother?

You invest that much now (at $32/oz) you are gonna be pissed when it drops back to $15/oz.

Guidelines I have seen say you should invest in PMs up to 10 or 20 percent of your total investments.

American Eagles usually have a slightly higher value than bars or roudn ounce for ounce. Usually $2 to $4 per ounce higher.

The numismatic side of the 1996 ASE is in play here. #1 always spot investment #2 Numismatic value "key dates" "proofs" "special runs"

What he said.

Never put all of your eggs in one basket.

Also, pay off any debts you have (other than mortgage) if you have credit card or auto loans
(i.e. consumer debt), pay that off first.

Not having a mortgage is nice, but you sacrifice liquidity.

I-Bonds are better than Certifcates of Deposit, guns and ammo are better than silver,
but all in a diversified portfolio.

Never pull out your retirement if you have to pay taxes and penalties!

FWIW I'm in the same boat, I decided to NOT but precious metals, especially in large,
one-shot purchases.

I don't think that's going to happen. The only reason why PMs are going up is that the fiat currencies are being devalued. The Euro is on its last grasp. I understand Germany is getting ready to reissue the Deustchmark and that France is studying reissuing the Franc.

silver is currently on sale......

I concur......it may go a little lower......mid 20's

Physical gold

he's out...

The central banks and the Presidential Plunge Protection Team are responsible for manipulating the price of silver and gold down.
Someone is taking advantage of the depressed price of silver. Buy now while it's cheap.

Record Mint sale of silver eagles

I know the feeling, i had some mutual funds i bought aside from my companies 401k + 50% match and i watched them go down for several years. Recently they jumped a bit above my original invetment, i cashed them out and bought silver. Everyone has their own opinions but personally im not looking to sell it anytime soon or at all so i dont care what the market looks like this week or a year from now but im certain that in 10+ years i would be glad i bought now. And even if i dont see the returns i want who cares, gold and silver have been money since civilization was created and will NEVER be worth zero, if nothing else i will pass them to my children/grandchildren.

Personally i would recommend maple leafs, they are .9999 and carry the same premium as the .999 ASE. Bullion rounds and bars are a bit cheaper but the quality isnt as nice, not that you will display them but the rare occasion you get them out its nice to enjoy the collection. Nothings worse than looking at a picture of Obama stamped into your silver rounds.

Thanks for all the comments I ended up going with a mix of pre-64 large Johnson Matthey and Canadian maple leafs.

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