Easy there, big guy!

I have a few ounces of silver that have been given to me over the years, but last night I bought my first 10 Silver Eagles. Spot price was $14.03, and I paid about $17.70 something each from silver.com. Seemed like an ok deal, and was about $6 cheaper than JM Bullion, even though I had to pay shipping.

I don't know if I did good with that or not, as I only shortly researched it. I know I could have gotten it cheaper by the ounce by buying rounds or bars, but I really like those Silver Eagles.


Open to any suggestions on what I should do differently next time, or if I did good.

 
Or Dillos! Everybody loves those!

You did fine  

Once you receive them...

Skip other not as recognizable stuff and items that aren't investigated by the SS if counterfeit.

You'll be glad when you liquidate.

I don't know where you get that you saved $6 over JM Bullion since the JMB price is less than a $1 more ( paid with cc) per SE, and has free shipping.

Silver.com shipping is $5.95 (Flat Rate Shipping and Insurance) for the amount you bought which makes it basically a wash between the two.

The only difference I see is a slightly different selection of silver coins. None of these vendors have prices significantly different than each other. One can order from any of these without much differences, so folks can buy from whomever they please.

Looking again, it was closer to $4 that I saved gong with silver.com.

OK, so the crash is coming in 2016. Good to know.

Guys, it might make NO sense to focus on the fluctuating financial NOISE of your 'investment's' cost.


You're likely to see far more volatility, week to week, or month to month...

Vs. shipping costs and taxes, whatever. Don't sweat trivia.

The important thing is you got the stuff in your grubby little fingers...

As far as WHERE you purchased...

You might want to reconsider...


Why not read the FINE PRINT of the insurance on the coins you buy from a dealer.

What happens if they are lost or stolen in the mail???


Many dealers 'SELF-INSURE' by a THIRD PARTY and you can't file a claim for [in one case I saw the other day, 45 or 90 DAYS!


Do you want that hassle???



I bought some junk silver coins from an eBay Seller [just an individual, not a dealer] 3 years ago for Christmas gifts...

The package according to the tracking number, dishappeared somewhere in a sorting center maybe in Charlotte, forget.


2 weeks went by and I was communicating NICELY to the Seller -that I never got the package.

They went NUTZ!

Blamed me that the package wasn't delivered, engaged in America's Favorite Pastime...

Of DECEIVING themselves that the package --[that was likely stolen]-- and they -as the Seller- never delivered the goods and were OBLIGATED to refund my MONEY!




Blamed my address they looked up on Google and there was a liquor store in the office park, why would I have coins delivered to a sleazy place...


They were in a Metrosexual DITHER, cause the value was abt $1200 IIRC. And they were going to have to eat it.





Now, if I hadn't had the eBay Buyer Protection---

Guess what?

I would have likely eaten the loss.


But I DID NOT!  

EBay refunded my money ---all of it incl shipping ---2 days after I notified eBay Resolution I hadn't received the item.


Big lesson to be learned by neophytes here, it sure was to me...



Even on eBay, look CAREFULLY at the listings of some of the big PM dealers selling on eBay, they default to private insurance and you likely have to wait months in some cases to file an insurance report.

[Altho I think eBay would promptly make a Buyer whole if the shipment were lost]


When I made this year's purchase to give out for gifts mentioned above, one of the big dealers had the private insurance clause in their listing. I messaged them immediately upon seeing it and requested they ship signature required.

They responded with some boilerplate nonsense...

So I repeated my request. This is a BIG outfit.

Then they messaged back that they ALWAYS ship signature required.

Guess what, the package was in my PO box, no sig required.




Now, suppose post office bubba stole the package enroute, it's not like a small package that weighs ~5 pounds isn't a sort of dead giveaway what's likely in it -especially when it has a shortened coin dealer's name in the return addy...


Words to the wise...  

Or folks can learn the hard way... And prolly the BEST way...  

I've never had a problem getting stuff from Apmex. BUT, I started 2-3 years ago buying from a local coin guy. He always has some Canadian Maple Leafs for me when I show up. I pay about the same as I would getting it shipped from Apmex or one of the others. And, more importantly, he doesn't keep records of who he sells to. Which, incidentally, is easy in his case because he stopped taking credit cards. Something about him having to report purchases and sales of PMs. He made it seem like the credit card company was requiring him to report all his purchases and sales to the government or something weird like that. So, he doesn't do that now because he is an all cash business.

 
I will keep all of that in mind, thank you!

How hard is it to prove that a silver bar is made of silver?  Didn't Archimedes show us the way thousands of years ago?
 

It does kind of matter how much you are spending in relation to value received.

Ring test for round (non-monetary silver type coin)
Get a scale.  If you know the dimensions, then the scale will confirm its content.  Dimension must match weight.

Be warned there are plenty of fake coins, rounds and even bars.

Can someone post a link to the thread mentioned above please? Search is completely useless.

http://www.ar15.com/forums/t_1_75/1764323_Pike_s_Silver_Thread.html



 

I just always buy from the local coin shops.  That way I know that I have it in my hand, can negotiated price over spot.  Also, you can select and cull the sliders you don't want.

Received my Silver Eagles today from silver.com, they got here three days after I ordered. I can't wait to order some more!  Thinking about trying another place for my next order, I like the look of some of the hand poured bars out there.

Silver is up well over a Dollar in the past couple days... ~$15.50 right now...

While the US markets fall...

Glad that Ebay marketing scam worked for someone. I got fooked TWICE on a deal wherein the guy only shipped half the crap, Ebay said in order to get the BS protection guarantee I had to ship back the items (more money spent), then later when of course the dirtbag did not refund anything couldn't get a peep out of Ebay.

Not that hard really. I think its better to stick ot what you know, for Americans that would be pre65 junk silver and eagles, gold and silver.
Measure, weight, most of all, look, its not that hard to detect "replicas".
The Eagles and Krugerrands Ive seen, if you held and knew the real deal it was rather easy to tell the fake stuff.
Gold and Silvers bars, those Im not ver fond of.
FerFAL

great resource here guys...





https://fakebullion.com/
 
 

I've been enjoying cheap silver and will keep buying whether it goes up or down.

Meanwhile, happy to pour more money into my 401k and buy on market losses. I'm in it for retirement, not Q1-16.

Silver took a dump down to abt $15 tonight, from well above that the past couple weeks...

The stock market seems to be moving inversely to bigger silver moves for the past couple months...

Silver has been trading in a fairly wide range the past month or so, up to almost $17.70 IIRC, and today ~$16.20.


The Silver Institute has an interesting article that's dear to our hearts -silver as a biocide in water filtration...


Silver in Water Purification

Silver in water purificatioin

Quote:

Another key use for silver is in the millions of water purifiers that are sold each year. Silver prevents bacteria and algae from building up in their filters so that they can do their job to rid drinking water of bacteria, chlorine, trihalomethanes, lead, particulates and odor. Silver, in concert with oxygen, acts as a powerful sanitizer that offers an alternative or an augmentation to other disinfectant systems..

Silver ions are also starting to be added to water purification systems in hospitals, community water systems, pools and spas. Silver also eradicates Legionnaires’ disease, which is caused by buildup in pipes, connections and water tanks.

Water-born illness is a major problem in developing nations. The full extent to which silver can help treat the issue of clean drinking water has yet to be seen but ongoing research is showing its usage to be an exciting development for the global water supply.



Kitco has an interesting chart showing the use of silver as biocides ---of course it's been used far longer than the chart represents, for some reason it starts breaking out the use in the early 2000's...

Note the demand trend, I wasn't able to find a similar chart on Kitco showing data more recently

Impossible. The ARFCOM standard marching orders is that colloidal silver is just over-priced snake oil . But then silver is CURRENTLY in production purifying water by sterilizing nasties. But silver can't work to help fight off nasties on the body. But it works great in water?????????

 

Many -for example Daulton Steracyl ceramic filters, are impregnated with silver...

Heresy


Silver cannot fight bacteria. The drug companies told me so, and offered to sell me some of their products.


 

I have a couple silver rounds in my Berkey Filter tanks. They stay cleaner longer.

we have .9999 silver wire in our lower filter tank. The tank stays sparkling clean. I've found that silver (where it can make contact) works wonders on infection. We commonly use colloidal silver for exposed wounds. Works far better than anything else we have used, especially on newborn critters with infections that are especially sensitive.

How bout some silver dillos Mark?

Silver is now pushing $20 after Brexit...

Gold also up 7%.  Makes me wonder if the manipulators are losing to the free market?  

I won't jump for joy if gold hits $4k or silver goes to $300.  It means that our dollar has gone to sh*t, has hyper-inflated and most of us with dollar demoninated assets are f*cked.

Heck, I even think silver/gold doubling means we are headed for tank.

Silver broke the $20 barrier at four minutes past midnight, 4 July.

You did very well.  Below is a strong case for buying American Eagles versus non-legal tender bullion:

http://www.jmbullion.com/investing-guide/james/bullion-legal-tender-laws/

Texas is laying the legal framework to eventually create their own currency:

https://www.texastribune.org/2015/10/30/gold-firms-hope-help-texas-build-gold-depository/

The leaders of Texas have realized that once the Feds realize they are broke, states may be better off on their own.  The states need to get their real money (gold) back from the Feds before they can cut ties.


They've already blown the dollar.  It's lost 97% of it's value since it was created.  They won't tell us how many dollars are even in existence.  It's measured in M3 and the Fed stopped giving us the number in 2006.  Their reasoning is that it's too expensive.  The entity that creates money says it's too expensive to keep track of how much money they make?

Three years ago Puerto Rico was broke just as it is today.  The problem was already there.  The difference is nobody realized it three years ago.  All the sudden, everyone panics.

The US has already destroyed the dollar.  The problem is already here.  When people realize it, the exchange rate of gold and silver to dollars will reflect the reality of the extent of the money printing.  In other words, it should be $4,000+ per ounce, but isn't; yet.  There is still time.

I suspect that there are 5x the # of dollars on the books today as there were in 2008.  Take the 2008 price of PMs and mulitply by five.  Mind you, it's not that PMs are going up in value but that the Fed Res has devalued the dollar.

Silver fell into the high $18's this evening...

Please stay that way.

I'm still buying a bit of gold and silver here and there. I'm getting to the point where I should just focus on gold due to weight reasons.  I bougth silver when cheap, still buy it when found at the right price. I've been having fun learning about coin collection, and even added a few nice ones bought at close to junk silver price with small premiums, yet they have a good bit of numismatic value too. I recently bought these 5 Peace dollars for 110. Nice enough price and I really wanted that 1935.




Silver is used in some of the more fancy bnad aids. It has antimicrobial properties but that doesnt mean driking silver does any good. Relaly, apples and oranges. I can desinfect a wound with vokda, but drinking a bottle of the stuff wont do me much good, nor will it desinfect the wound!
FerFAL

Silver tumbled into the higher $17's...

 Don't look a gift horse in the mouth.  

Getting close to a year now.

Yes it is.  If Hitlery had been elected, it would fall apart because under Hitlery the govt. response can be controlled.  Trump is wild card that wasn't supposed to make it.  Let's see if the Fed Res raises interest rates.

I also learned that QE hasn't stopped. Fed Res is creating $2.2 trillion a year.  Saudi Arabia and China dumped $364 billion a short while ago just to recapitalized themselves.

So how exactly did each of those actions delay doomsday once again?

Dropped to ~$16.60 today...

Lowest in a while?

I'd sit tight and let it fall a bit further

It's funny, the conventional wisdom seemed to be that Trump winning would be good for gold and silver and bad for the stock market, and at least the immediate effect was reversed.

Having watched PM prices for some time now, it really seems to be psychological to a very large degree.