Buying silver coins versus buying silver bars

[urkingod]

now is the time to sell, everyone is talking about buying !

[TWSceptic]

@urkingod "everyone is talking about buying"

No they aren't. Very few people are talking about buying. When you see main stream media and your neighbour recommending buying, then, and only then it's time to sell.

[JCKustom13]

This is why I only buy 1oz bars

[stormspottter]

there are also 1 oz bars

[alisonspearl]

Good advice without the flash. Thanks!

[rei9707]

Silver coins have a higher buy buy value then silver bars as well in most shops.

[ranislavir]

it depends, e.g. in Germany there is a tax for bars 19% and for coins 7%, so it is better to buy coins.

[ochenhetree]

yes maple leaf is the way to go-easy to get -stick to one once coins

[hopala007]

Maple leaf silver is the real deal!!!

[Bravesfan4500]

@hopala007 what is the difference compared to the American eagle coin?

[xmenrus]

If there is a drastic collapse of the US Dollar, and one is sitting of 300 lbs of silver coins and ingots, how can one exchange some of the silver into a strong currency that survives the currency crash, maybe Swiss Francs? One may want to make a quick exit out of the US mainland to, let's say, Panama, where one can buy farmland.

[SovereignBeing]

@xmenrus they want one world currency in the new world order.. there is no currency that will survive what it coming.. switching to metals saves your $ in the interim, and then you can switch to whatever the One world currency will be, but of course they want you using a microchip implanted in your body..

[bullsnutsoz]

@SovereignBeing there will be no NWO it will fail as we all now see in EU. The people involved are demented old goats; believing that we are all sheep. There are millions amongst us who will eat their lunch!

[anonismorefun]

@bullsnutsoz agreed. . . they cannot control such a large population for so long. . .they will be slaughtered, and its thier own insecurities mixed with delusions that make them think they have already "won". all they did was wake up a huge majority of us and piss off the entire population. . . smells like kerosene, and we are the matches. . .

[anthcybo]

@xmenrus

You could always just barter with silver and when the economy recovers trade the silver in for US dollars again.

[Eraser7622]

@anthcybo

You can be assured, the economy is not going to recover. There's an absolute zero chance. It must crash/collapse and an entirely new paradigm started. So, if you're talking about your kids or their kids "trading the silver in", then okay, because it sure won't be you and it sure won't be for US dollars! (unless the dollar is actually a dollar.. ie. backed by silver, then maybe, but only as much paper as you need for the month or so!)

[TheWildbill242]

Smaller amounts, like 1 OZ coin or bar, are easier to purchase too.

[passwordresetisbroke]

I know nothing about investment, especially involving precious metals, so this question may be stupid.

But why not just buy a bar, and cut the amount you want to sell off of it?

[steventherunner]

@passwordresetisbroke

it would be very hard to cut a bar into exact amounts

ur better of getting coins or small bars i wouldnt go over 5 oz er bar

[3089280288]

If you sell it, what kind of money do you get for it? Paper?

[geekstreat]

Start with coins, then bars. This is so true.

[Forsure3333]

@geekstreat I placed an order for a 100 ounce bar today. The dealer convinced me I should buy coins instead. I like the liquidity aspect of coins. I also like the fact that I can trade them for other precious metals.

[THEDROPPEDSOCK]

@Forsure3333 Coins from the perth mint at the moment are $45.56 per ounce for a basic coin and they will re buy them from you for $34.01 thats $11.55 over spot per ounce. If you buy a kilo bar it costs $1173.29 or $36.49 per ounce and they buy them back from you for $1042.67 or $32.43 per ounce.  Thats only $4.06 above spot. If you buy the perth mint coins you pay an extra $7.49 p/o over the bars. 1kg bars are the way to go if you want to make more money on the SALE of your silver in Ausi.

[iFreedom4ever]

Awesome! That's exactly what I've done with my silver buying over the past few years

[RUBuyingSilver]

I am really enjoying this series of videos with David Morgan. He seems to be a very honest and down to earth guy. Thanks GoldMoney!!!