Is now a good time to buy silver?

[westkyle]

At around $20 an ounce I don't know if I should wait or go ahead an buy for my first purchase of silver. I have only really looked at APMEX and I couldn't find a local silver coin dealer close enough to think about driving there. Is purchasing online worth the shipping fee? Are there other sites I should check out first? Will silver start heading up in price again anytime soon?

I, also, made another thread a few days ago and got no reply in the Off Topic section.

http://www.ronpaulforums.com/showthread.php?420974-Stocks-Investments-Precious-Metals

If anyone had any comments about that thread it would be appreciated.

Thanks!

 

[KEEF]

I buy through gainesvillecoins.com, but only when I buy in large enough quantities to off-set the price of shipping. Otherwise, I drive down to local gold/silver shops and just buy directly from them.

 

[ctiger2]

If you don't have any metal (silver), you should get some asap. 20% of your invest-able wealth should be in metal (silver if your young, gold if your old). Think of it as wealth insurance like you have other forms of insurance. Start with some junk silver coins, only buy 1oz Coins or smaller denominations. Use this site to find the best deals: https://comparesilverprices.com/

 

[Zippyjuan]

Do you think it will be more valuable in the future?

http://www.ebullionguide.com/price-chart-silver-last-5-years.aspx

 

[Michigan11]

Buy in 8 weeks from today

 

[erowe1]

IMHO, yes, it's a pretty good time. But don't blame me if I'm wrong.

 

[westkyle]

If you don't have any metal (silver), you should get some asap. 20% of your invest-able wealth should be in metal (silver if your young, gold if your old). Think of it as wealth insurance like you have other forms of insurance. Start with some junk silver coins, only buy 1oz Coins or smaller denominations. Use this site to find the best deals: https://comparesilverprices.com/

Are you sure about the junk silver coins? If the SHTF how do you know something is silver anyways? I have never held it in my hands before, so I don't know what to look for. Would it be better to get well known coins instead?

 

[Seraphim]

"junk" silver is well known amongst people who invest in silver and older folks.

Pre-1964 American coinage is 90% silver. It's actually perfect for SHTF.

Are you sure about the junk silver coins? If the SHTF how do you know something is silver anyways? I have never held it in my hands before, so I don't know what to look for. Would it be better to get well known coins instead?

 

[eduardo89]

Are you sure about the junk silver coins? If the SHTF how do you know something is silver anyways? I have never held it in my hands before, so I don't know what to look for. Would it be better to get well known coins instead?

Junk silver is extremely well known. Practically anyone who knows about coins or silver knows that all dimes, quarters, and half dollars minted pre-1964 contain 90% silver. You also know that a half dollar has twice as much silver as a quarter, which in turn has 2.5 times as much silver as a dime. Very easy to trade with.

 

[PaulConventionWV]

At around $20 an ounce I don't know if I should wait or go ahead an buy for my first purchase of silver. I have only really looked at APMEX and I couldn't find a local silver coin dealer close enough to think about driving there. Is purchasing online worth the shipping fee? Are there other sites I should check out first? Will silver start heading up in price again anytime soon?

I, also, made another thread a few days ago and got no reply in the Off Topic section.

http://www.ronpaulforums.com/showthread.php?420974-Stocks-Investments-Precious-Metals

If anyone had any comments about that thread it would be appreciated.

Thanks!

I would say go ahead and buy. I never imagined it would be the this low for this long. I really hope it goes up because I've net lost money on silver so far.

 

[NoOneButPaul]

If you're thinking long term then there's absolutely no doubt today's silver prices are a must buy.

We're essentially at the 2000 lows when adjusted for real inflation.

I've been stacking for 3 years now and while I regret not selling at 50 (and buying all the way down from 50 ever since) I still sleep soundly knowing that over the course of the long term my currency is safe in real money whether it be silver or gold.

The GSR is so out of whack right now and is leaning in silver's direction as of today...

Oh and we got a "the fed chairman is speaking today" manipulative crash down to the low 19s for absolutely no reason.

Yes, silver is a good buy today.

 

[cubical]

No, silver is not a buy anymore than copper or brass. Buy gold.

 

[eduardo89]

No, silver is not a buy anymore than copper or brass. Buy gold.

Completely disagree. Buy gold and silver.

 

[LadyBastiat]

Buy in 8 weeks from today

Please elaborate... Unless of course you're kidding and I'm just too obtuse to figure that out.

 

[oyarde]

I bought a couple of About Uncirculated 1940's Walking Liberty halves today. I gave $7 and two dozen organic brown eggs for the pair.

 

[Jordan]

Asking this here is like asking a car salesman if you need a new car.

 

[Schifference]

Yesterday, Today, and Tomorrow are the best times to buy PM's.

 

[Michigan11]

Please elaborate... Unless of course you're kidding and I'm just too obtuse to figure that out.

No, I'm serious. I get pretty acurate vibes of energy on things and trends. So say 8 weeks from today, that would be the middle of September or even early September.

 

[oyarde]

Asking this here is like asking a car salesman if you need a new car.

New cars lose value faster than anything I could think of .My car salesman earns a pretty good living , I do not know though how many are used to new ratio though.

 

[oyarde]

Spot now, Silver $19.53 , Gold $1297.