Possible of sub $20 silver?

[Lord Xar]

Silver spot price $22.85, Gainesville price for 1oz 2013 silver eagle is $28.84. Apmex for same is $29.85. $6 and $7 over spot!! Here I was all happy for a buying opportunity, and there really isn't one at all. I'm going to check out a coin shop tomorrow instead, wish me luck.

Why wouldn't you buy like sunshine mint or some other "non american eagle" ones.. for instance, apmex has their own brand for like 1.60 over spot.

 

[Rudeman]

Would it be worth going for an apmex bar instead of a silver eagle?

 

[Lord Xar]

Would it be worth going for an apmex bar instead of a silver eagle?

hey! that is what I am asking you!

 

[talkingpointes]

I bought some, and admittedly sold too early. I sold most of my "paper silver" in the mid-teens, and later dumped all my/my family's physical at or around $28-30 an ounce. I've been 100% honest about my terrible timing with silver in past threads - it's admittedly the ugliest but still profitable trade I've ever made. I wish I could claim I got in when I did (financial crisis) and dumped when I should have (2011 parabolic bubble at $50), but I'd just be a dirty liar.

Don't regret getting the hell out of silver. I'm much more comfortable with a portfolio of equities. I've made a promise to myself to avoid playing in commodities. There's too much timing involved.

P.S. I'm referring to retail investors. Mom and pop investors who are the last in and first out of any market. They always get slaughtered.

LOL EQUITIES AND YOU'RE TALKING ABOUT BUBBLES. I'm all in on equities as well, but only to short. Why didn't you keep the silver for a carry trade - you can't possible think the dollar is going to last the span of your life ?

104% on TKECY in two weeks. 2$ stock with tons of inflation to send it sky high. (the only non-short with MCP)

 

[Rekonn]

Why wouldn't you buy like sunshine mint or some other "non american eagle" ones.. for instance, apmex has their own brand for like 1.60 over spot.

Well, I haven't bought any physical silver or yet, so I'm a newbie to this, but I figure I'd get the bullion that was in highest demand. If I need to sell it someday, I'd want to get the kind that the most people want because that would be the easiest to sell.

 

[pmbug]

The market for Silver Eagles and 90% are very liquid. You won't have any problem selling them (assuming you can find any right now).

 

[Rekonn]

Great, liquid is what I'm looking for. Maple Leafs are liquid too, right? I think my first gold coin is going to be a 2013 1oz Maple Leaf. I like the new anti counterfeiting micro engraving feature. Interestingly, the cost over spot for gold hasn't changed at all.

Found a coin dealer near where I work, asked what the price would be for a roll of 20 silver eagles, he said $29 per coin. Still way over spot, but better than anything online, and without the extra cost of shipping.

 

[dannno]

Found a coin dealer near where I work, asked what the price would be for a roll of 20 silver eagles, he said $29 per coin. Still way over spot, but better than anything online, and without the extra cost of shipping.

Have you tried this place? No silver eagles, but lots of other inexpensive options around $25/$26 and the shipping is very reasonable.

http://www.amagimetals.com/silver.html?cat=12&p=1

They even accept bitcoin.

 

[pmbug]

... Maple Leafs are liquid too, right? ...

Yes.

 

[toathis]

I bought silver two years ago and have lost money in my investment which was supposedly supposed to "Protect my purchasing power"

 

[KevinR]

I bought silver two years ago and have lost money in my investment which was supposedly supposed to "Protect my purchasing power"

SOON.

 

[Shane Harris]

Have you tried this place? No silver eagles, but lots of other inexpensive options around $25/$26 and the shipping is very reasonable.

http://www.amagimetals.com/silver.html?cat=12&p=1

They even accept bitcoin.

Very good prices and they actually have Buffalo rounds (albeit Golden State Mint). I might use this site from now on. Shipping is much more reasonable than APMEX. Are they reliable?

 

[FSP-Rebel]

Are they reliable?

I liked them at first too. Then I told my local dealer, who wasn't selling at the time, about them cuz he was wanting to find more but he checked the FB page and allegedly it's riddled with complaints. I haven't checked further so that's all I got atm.

 

[Crystallas]

When everyone was sold out/backlogged, I bought from https://www.bulliondirect.com/index.jsp

So far, so good. Bought 25 1oz maples, received them 15 minutes ago.

 

[Shane Harris]

I liked them at first too. Then I told my local dealer, who wasn't selling at the time, about them cuz he was wanting to find more but he checked the FB page and allegedly it's riddled with complaints. I haven't checked further so that's all I got atm.

thanks

 

[Acala]

I bought silver two years ago and have lost money in my investment which was supposedly supposed to "Protect my purchasing power"

You haven't lost anything unless you sold. And if you sold, you were not paying attention to what people here have been saying.

 

[Aldanga]

thanks

They've got a thread on Bitcoin Talk. They're apparently backlogged with orders right now, but have lots of good feedback there. Link if you want it.

 

[Carson]

I bought silver two years ago and have lost money in my investment which was supposedly supposed to "Protect my purchasing power"

If you've still got it you haven't lost a thing.

At least the way I'm thinking. The only thing that has changed is the exchange rate. With the value of the dollar increasing I'm thinking the economy is getting stronger also. With the way things are going with the printing presses it seems like the dollar value will fall again. The economy will hit the skids but anywhere along the line you sell you still get your value out of your silver.

The same value that you put in at least...


until you pay the capital gains taxes on the illusion of a gain.

Then again if you were to sell at the illusion of a loss...? I've never done that before with silver.

But still.

 

[oyarde]

I do not think the economy is getting stronger , I still expect global slow down, March existing home sales down slightly , considering by now , most tax refunds are back and March is a 31 day month I do not view that as good . Cat is expecting less than expected sales , I do not view that as good. Many are about to get out of school and find no jobs. I see nothing but illusion, the facts are still stagnant with the potential for worse . There will continue to be an employment problem , best I can tell ..... summer normally brings higher fuel prices , then winter rising utility costs . These become major problems when wages do not increase and employment is dim. Food & energy will continue to cost more , I imagine.Less people working , less discretionary income.Just my guess.

 

[enoch150]

I don't understand this. If you could sell physical silver at $30 and buy SLV at $22, why wouldn't you do that and then swap back into physical when the prices converge? I doubt that divergence is going to be permanent. Either SLV is going to come up or physical will come down, but either way you should end up with more ounces of physical at the end of the trade.