Poll of the Day > Okay I got some more silver bars in

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argonautweakend
06/30/18 11:17:03 AM
#1:


6 of these:

https://www.coincommunity.com/forum/uploaded/bobby131313/20151214_silverbar.jpg

Why six? They were the cheapest silver bar at the time of purchase, and 6 put me just over the $100 minimum for free shipping.

So far in terms of .999 bullion I have 31 oz.

This isnt counting any 40% or 90% coins I run across, which I have over 20 dimes at this point, about 10 nickels and some other odds and ends, so i'd say closer to 35 ozt.

The spot value of 6 ozt of silver is, as of 11:11am 6/30/18 is 16.09

16.09*6= 96.54

102-18(cost of order)-96.54= 5.64

So right now Ive "lost" five dollars and sixty-four cents, but all I need is another huge recession/housing collapse or the hunt brothers to corner the worlds silver market and ill be alright. If we take the all time high spot price of 49.45 and * 6, we get 296.7- 102.18 = 194.52

so at the best time for silver in history this order would put me ahead nearly 200 dollars. That all time high spot price(somehow related to the Hunt bros trying to corner the worlds silver market, losing spectacularly to the tune of over a billion) was nearly equaled at one point during the late 00s, early 10s recession.
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reruns_revenge
06/30/18 12:49:40 PM
#2:


Metals aren't really a good investment and are best used as a simple hedge against inflation. Mostly because they don't generate any economic growth or income.

Also, about your thesis that you will get more value in "another recession/huge housing collapse." First, if that event occurs, who is likely to have the liquidity to buy your silver. Second, wouldn't you be much better off holding cash to buy equities and real estate at market bottom prices.
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argonautweakend
06/30/18 12:55:52 PM
#3:


oh im not talking about serious investing really. I dont have enough silver to actually exchange it for anything more worthwhile. maybe ill get there, but I like silver simply because its safe, and when i find silver coinage in change or in my drawer at work I add to the stack.

Im assuming I could sell it to bullion buyers or websites, but not individuals. Though I don't know exactly.

People do wait until the price gets super high and offload their collections so it happens.
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argonautweakend
06/30/18 12:57:38 PM
#4:


i also didnt mean a recession would give me value directly, but the last time the price was really high was during the financial collapse a decade or so ago. I don't really know what exactly causes the price to rise, but the last time it went high, X happened.
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likehelly
06/30/18 1:05:01 PM
#5:


can I have one
---
jealousy is gunfire
it makes you kill the vibe
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reruns_revenge
06/30/18 1:05:24 PM
#6:


Understood. Sounds reasonable. I just remember my dad buying and holding silver for more than twenty years with basically no appreciation or gain after adjusting for inflation. That's a long time to just break even.
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