Need advice on Silver

[cc8137]

I've decided to play the silver market a little bit at a time. I've noticed bullion rounds struck by different companies shown as celebrities, sports, etc. Is there any difference in true value of those type of rounds and American Eagles? Is it better to buy true bullion or junk silver coins? Why are American Eagles getting higher prices then regular ingot bullion.
It all appears a little confusing.

Charlie

 

[cc8137]

-- moved topic --

 

[therick]

It costs money to make the dies that will strike these newly minted coins. Walking liberty dollar coins from the mint are .999 fine but so are bars and they are generally a little cheaper again, because of the manufacturing costs. I would buy old, bulk, well worn silver coins. just keep in mind that they are 90% silver so don't pay as much for a regular old silver dollar if you can buy the liberty coins for the same price.

therick

 

[Craig in Alabama]

or gold for that matter is you buy it and then you have to turn around and sell it. You'd have to buy a large amount to make it worth while. If you are looking at it as an investment, then I would suggest the silver/gold stock. I bought silver stock (SLV) at $22.00 and when it went to $48, I took some profits but held on to most of it. Gold stock (IAU, GLD) works the same way. If this is for investment then you're in it for the long term anyway.

 

[charlie (ky)]

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[erikk]

Gee, then I guess all the MS61-62's $20 gold Libs that I bought at $600.00 aren't worth much now huh??

 

[Craig in Alabama]

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[Russ in AL]

Hey Charlie,

Another opinion here. I buy and hold a large amount of US 90% circulated silver coins in all denominations. I get the best quality coins I can at junk coin prices. Why, because at some point when silver hits above $100 an ounce, and it will, coins will be weighted for silver content. When the US Dollar goes belly up, those with a large amount of silver coinage will be able to survive.

As for silver and gold stocks, that's just paper. If the dollar folded today, they're worthless.

Watch what's happening around the world, it's going to be bad all over. All our government is doing is printing more money.

In hard economic times, there is a historical ratio between gold and silver that always has come back to be true and that is 1/16. Meaning if gold is $1500 then silver should be $93.75, and it's only about 1/3 of where it should be.

American Eagles have a production cost attached, that's why they're higher, but the world wants the American Eagles first. I'm also buying as many of them as I can afford.

Just my thoughts, hope it helps.

Russ

 

[Craig in Alabama]

However, some gold and silver stock are backed by bullion. They won't necessarily be worthless paper if the dollar folds. Investing in those provide a hedge for the preservation of capital when investing for the long term. Should be interesting on how high gold and silver will go in the future when the dollar bottoms out. Sounds like your a Peter Schiff fan.

 

[Russ in AL]

Don't know Peter Schiff, I'm just an old Bama fan that watches what's going on in the world and tries to survive.

 

[Craig in Alabama]

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[Vernon in Virginia~Formerly Alaska]

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[Russ in AL]

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[Butch in Colorado]

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[jackaroo]

All I have to say is watch - Real careful what you buy and from who.
Wanna Start a Bon - Fire buy " Paper Gold and Silver" .........

 

[norman maassey]

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[Fred (S. Indiana)]

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[Jim West Pa]

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[Jim West Pa]

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[erikk]

Last time I checked close to $2k ea