Can we discuss buying Silver

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John6185

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It will take along time for an investment in gold to really appreciate barring an economic collapse of the dollar from my perspective. I have bought gold because I like it since 2006 of all kinds and it really hasn't appreciated. I've paid $1600 for an ounce and it's worth around $1200 except for collector value (American Buffalo $50 Gold).
 

OKCHunter

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I bought some silver Eagles a couple of years ago at an introductory price - $16.50 ea. I eventually decided to test the liquidity of silver. I had a hard time finding a buyer when spot was over $20. I decided to sell it all and get away when I did find a buyer. I don't remember what I sold it for but I came out on the upside - $17.50 an oz comes to mind. The moral to this story - don't expect to sell silver without some effort unless your willing to go much less than the spot price.
 

RyanSixer

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I've considered buying silver. Not so much as a serious investment, but more just to be able to hold a piece of (sort of) precious metal and know that I started making good financial decisions at a young age. Maybe buying silver would be the worst one yet. :) Of course, a couple gold bars would be more fun.
 

sedona

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You won't get rich buying silver but now is a good time to pick up some silver eagles or Canadian maple leaf coins.I picked up a few yesterday in a coin shop in Texas for $16.00 a piece.
 

dennishoddy

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It will take along time for an investment in gold to really appreciate barring an economic collapse of the dollar from my perspective. I have bought gold because I like it since 2006 of all kinds and it really hasn't appreciated. I've paid $1600 for an ounce and it's worth around $1200 except for collector value (American Buffalo $50 Gold).

I agree and don’t understand why anyone throws their money at metals.
 

CoronaBorealis

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If you only think of gold/silver in relation to currency, it's a terrible "investment". Currency value is controlled by governments....they can print more any time they want to, or remove some from circulation. If you look at gold/silver in relation to non-currency items (i.e. land), the value is more stable...hence the hedge against inflation. Gold/silver will always have value....the dollar may not (look at Weimar, Venezuela, etc).
 

dlbleak

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If you only think of gold/silver in relation to currency, it's a terrible "investment". Currency value is controlled by governments....they can print more any time they want to, or remove some from circulation. If you look at gold/silver in relation to non-currency items (i.e. land), the value is more stable...hence the hedge against inflation. Gold/silver will always have value....the dollar may not (look at Weimar, Venezuela, etc).
This is how I view it too. It’s not an investment for me, just another form of currency that ‘may’ be more stable than the dollar in a crisis. I don’t have much but try to keep enough for an emergency. If you need to turn it back into cash, it’s quick and easy
 

sedona

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I use to go to a place one block west of 41st and Sheridan.Can't remember the name, I think they were $3.00 over spot so they were a little high too.
 

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