Is now a good time to buy silver?

[cubical]

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.

Did you think about silver over the last 2 years?

 

[oyarde]

Did you think about silver over the last 2 years?

Good point , I have bought some silver at around $26 , but most of what I have , around fifty percent , I got at less than $10.Any numistics I have bought in the past couple years that I did not gift to the Grand kids or resell , I could easily auction now for more than I pd.

 

[oyarde]

I do plan to buy one more new vehicle in 2019 .I should be able to make do with that then until I die

 

[oyarde]

Did you think about silver over the last 2 years?

On the other hand it is not going to go to zero , like a stock can.

 

[oyarde]

I do think Cubical is right about having some gold if you can afford it. I keep lead,brass ,copper , silver and gold.I recycle aluminum . My circumstances are different than many though , I am not particulary young and will be in position where there is very little I need , or should need to purchase if things turn drastically worse. Even without electricity , I can have heat , light , water , warm water.I have food, seeds , the ability, land and knowledge to grow , husband or harvest anything needed.I have a general lack of faith in mankind , govt which is based only on my experience and observation over time. I have benefitted greatly by being raised by people who were frugal , could feed themselves and others , had a very good work ethic , knew what real money, wealth , production , skill were. I delight in teaching a child to catch a fish , clean it , cook it , probably the same way I was delighted when one of my Great Aunts and my Father taught me.....

 

[westkyle]

Thanks for the info guys. In regards to other investments(mutual funds, stocks, etc.), though, do you guys have any websites or books for people who need a crash course in such things? I'm scared to buy stocks in case the economy goes downhill again. I'm about to buy some silver in the next few days probably from APMEX.

BTW, how expensive are the taxes when you have stocks and such?

 

[Arklatex]

I haven't bought much silver in a long while but something was pushing me last Thursday night to do so, boy am I glad I did!

 

[jtap]

I have been researching the same question. I went to a local coin shop. They wanted 4.25 plus spot on silver eagles. Put 10% tax on that and it is about the same to ship a couple silver dollars bought online. Now, if you increase the amount you plan to purchase to around 20 silver eagles, the savings from buying online increase since the shipping is flat rate and tax is percent based. About a week ago 20 from the dealer would cost ~530 (482 +tax)and online from www.providentmetals.com the same amount would be 485 (476+9shipping). That's a decent savings.

 

[oyarde]

I have been researching the same question. I went to a local coin shop. They wanted 4.25 plus spot on silver eagles. Put 10% tax on that and it is about the same to ship a couple silver dollars bought online. Now, if you increase the amount you plan to purchase to around 20 silver eagles, the savings from buying online increase since the shipping is flat rate and tax is percent based. About a week ago 20 from the dealer would cost ~530 (482 +tax)and online from www.providentmetals.com the same amount would be 485 (476+9shipping). That's a decent savings.

What else , than Silver Eagles did they have at your local shop ? Any gold Quarter Eagle's?

 

[jtap]

What else , than Silver Eagles did they have at your local shop ? Any gold Quarter Eagle's?

They had lots of stuff. I just looked at silver eagles and junk silver which they had in the back and he gave me a quote on the price (can't recall it) but I would have to pick it out myself.

I did see some gold coins by the silver eagles...but can't recall what they were or what they were called. I think they were 1/2 oz and maybe 700-800.

So even though the silver price is down you think gold is a better buy? Or am I reading into your statement something that isn't there?

 

[PierzStyx]

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

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

I think it'll always have value, more so than the fiat dollar which has only went down in worth.

 

[PierzStyx]

Completely disagree. Buy gold and silver.

Exactly. Hard to buy anything with a gold coin and get any equivalent worth. Not so much with silver.

 

[westkyle]

How about http://www.apmex.com/product/17258/...90-silver-prf-or-unc/reviews/#product-reviews

A good deal? I wanted to purchase my first silver online first before I go and find a local place to hopefully get a better bang for my buck.

Is the fact that the coins only have .3617 of pure silver something to be concerned about? Or is it more cost effective to buy american eagles or something equivalent to that? I have been watching the price of silver to see if it would go down, but it looks like it may be going up and up today. Any reply are appreciated. Thanks guys.

 

[Seraphim]

They are 90% silver, old school American pocket change. Hard to go wrong if the price is right.

How about http://www.apmex.com/product/17258/...90-silver-prf-or-unc/reviews/#product-reviews

A good deal?

Is the fact that they only have .3617 of silver of pure silver something to be concerned about? Or is it more cost effective to buy american eagles or something equivalent to that? I have been watching the price of silver to see if it would go down, but it looks like it may be going up and up today. Any reply are appreciated. Thanks guys.

 

[westkyle]

They are 90% silver, old school American pocket change. Hard to go wrong if the price is right.

Concerning the link to those coins. Is that a decent price to buy? Forgive my ignorance. How would you go about calculating this?

 

[Seraphim]

14.33 each? Steep assuming your .3617 ratio is correct.
Check the spot price.

Use the ratio to find out the price per ounce.

If the price is within 10% of spot you have yourself a deal. Physical always has a premium to paper spot.

If spot is 22$, expect to pay around 25$ an ounce for a 1oz coin.

Concerning the link to those coins. Is that a decent price to buy? Forgive my ignorance. How would you go about calculating this?

 

[erowe1]

Concerning the link to those coins. Is that a decent price to buy? Forgive my ignorance. How would you go about calculating this?

There isn't a single right way to go about calculating it. If anybody had one, they'd be fools to share it publicly.

Whatever the price is at any time, it is what it is because a whole lot of people who have a lot more at stake in it than you or I ever will think it's a good price to sell, and a whole lot of the same kind of people think it's a good price to buy.

 

[Seraphim]

Lulz, what?

Calculate the price per ounce of silver based on the demands of the seller and compare it to spot. If it is in line with spot + the usual premium, you have a solid price.

There isn't a single right way to go about calculating it. If anybody had one, they'd be fools to share it publicly.
Whatever the price is at any time, it is what it is because a whole lot of people who have a lot more at stake in it than you or I ever will think it's a good price to sell, and a whole lot of the same kind of people think it's a good price to buy.

 

[oyarde]

Yesterday would have been a good day.

 

[erowe1]

Lulz, what?

Calculate the price per ounce of silver based on the demands of the seller and compare it to spot. If it is in line with spot + the usual premium, you have a solid price.

Oh, I thought the question was about the spot price.