Is now a good time to buy silver?

[torchbearer]

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

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

not sure if silver will be more valuable...
but i can tell you for certain that if the federal government keeps going on its current trajectory- it will take a lot of FRNs to buy an ounce of silver.

 

[westkyle]

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.

Yeah from my what I got it should be 9.22 per coin if compared to a silver eagles amount of silver. I thought the coins I listed would be considered junk silver, but I guess they are uncirculated. Should I get coins with 40 percent or 90 percent silver?

 

[Seraphim]

Do a cost analysis on each.

I prefer 90% by a long shot, but that's personal preference. If the price of the coins were cheap relative to spot, have at it with 40%.

Yeah from my what I got it should be 9.22 per coin if compared to a silver eagles amount of silver. I thought the coins I listed would be considered junk silver, but I guess they are uncirculated. Should I get coins with 40 percent or 90 percent silver?

 

[westkyle]

Do a cost analysis on each.

I prefer 90% by a long shot, but that's personal preference. If the price of the coins were cheap relative to spot, have at it with 40%.

Hmm.. with this premium it might take a while to come out with a profit. Hopefully not to long, though. At least it seems to be a good investment in order to protect my wealth and maybe one day make some if I decided to sell it for some paper dollars. Do local dealers usually sell with cheaper premiums or are they just as much as online in your guys experience?

 

[Seraphim]

You need to do a lot of the research yourself - pertaining to local vendors.

Hmm.. with this premium it might take a while to come out with a profit. Hopefully not to long, though. At least it seems to be a good investment in order to protect my wealth and maybe one day make some if I decided to sell it for some paper dollars. Do local dealers usually sell with cheaper premiums or are they just as much as online in your guys experience?

 

[Zippyjuan]

The premiums are important. If for example a dealer has a ten percent premium, you pay $110 for $100 worth of silver. And he will discount it by that much when he buys it back from you meaning he will pay $90 for $100 worth of silver- so just to break even, the price needs to go up by at least 20%. The higher the mark-up the higher your break even will be. Some states may add a sales tax- if yours does, you need to get even higher of a return. If the sales tax is eight percent, you need almost 30% gains in price just to break even with a ten percent premium.

 

[erowe1]

Also, for junk silver, check coinflation.com.