Congrats on the kid. And you didn't get into silver too late. My uncle is a wealthy stock broker and he started investing in silver 15 years ago when it was $4.00 an ounce. He still tells me and my brother that even at $35.00 an ounce its a steal if your going long turn investment. Who did you buy your bars from?
Good job, you cant go wrong buying silver in todays world of uncertainties! I buy every week no matter what the price is, this way ill adverage in and dont have to worry about the ebb and flow of price action that is very manipulated in the metals market particularly in silver! I have a freind that always gets nervous when price action drops and calls me asking '' should I sell ?'' I ask him are things getting better? Is unemployment under 5%? Is our deficit decliening? Then NO!
Ron Paul has been declaring since 1971 that using gold and silver (as the U.S. Constitution states in Article I, Section 10) is the only sound currency. We are now seeing this more than ever as our Federal Reserve System currency continues to lose its value compared to the gold and silver it once contained. Currently it has lost 95% of its value.
No wonder Ron Paul said: I can sell a gallon of gasoline for a Silver Dime .. Ron Paul 2012
but when you say about copper coins, 24 dollar return.. Who would you sell them to? Surely your local shop/dealer will undercut the current market value?
@123finnbrayden It's not a return I can realize right now. Hell I might never be able to realize that return legally. But 10-20-30 years from now, if the no melt ban is lifted on pennies and nickels, I will have plenty of people interested in paying me a premium for them.... And what do you think spot price of copper and nickle will be when that day comes? Probably safe to assume higher than it is today.
This is a way to preserve purchasing power. If you understand what is likely to happen to our money in the future, then you really shouldn't worry about losses. Trust me, for each ounce of silver you purchase, you are recovering purchasing power that your money should have had but has been lost to inflation over the last 100 years. $2 from 1960 buys about what $40 buys today. That kind of inflation is likely to take place over a 1 or 2 year period in the future instead of it taking 50 years.
You are gonna do great on those bro! Especially if you are holding it long term. Just remember, sell them when YOU think the Silver bubble is about to burst. That day will come, but I'm sure you will know about it in advance. Keep investing, you are in the 1%... Good Luck!
Buying PM is not for the greedy or people looking for "gains" It is basically the same as putting your dollar in a time capsule that will not loose value. 30 years ago a few hundred dollars amounted to something. Basically, until Washington starts making good decisions I see no reason to believe things will improve. We have been brainwashed to believe investing is about creating wealth out of thin air,but the informed know it is about losing as little as possible because of time and politics
silver is long term 5 year's at the least , a long term nest egg , and you are young , the sand's of time will ravage your'e dollar , but not silver , and my pound weaken's with every passing year.
Nice metal. I built most of my Ag stack a year ago when it was 19 or so, and sadly I didn't sell any when it neared 50 in April. I'm still adding a bit to my stack every month, though. I'm not selling any these days, and I think the dollar will continue to fall relative to PMs in the next year.
@SteveFusionX You need to research the sites you are buying from. if they are legit sites, then you will get your silver. also check out your area for coin shops and gold merchants, they usually buy and sell this stuff. Whatever you do, just know what price you should be paying. I will admit, even though I researched the site I got the bullion from, I was still very nervous until it actually was in my hand.
You have not made a loss, you traded legal counterfeit fiat currency for a real tangible storage of savings ( 999 fine silver). This will pay off for you in the future & it's a smart move, including you storing pennies & nickels. I wish you & your girlfriend all the best with the birth of your child. Take care & keep stacking :)
@JezebelDecibel Thanks for the kind words. And yes I believe this will pay off long term, like I said in one of these videos, the dollar has been losing purchasing power since day 1, so historically I am playing pretty good odds I think. My grandfather, who I look up to very much when it comes to finances, doesn't agree with this decision 100%, he's not totally against it, but he's not as on board as I thought he'd be. When he talks I listen because he has never steered me wrong... but...
@Nnells421 he doesn't really believe in putting much money into stocks or commodities in the first place, he's really conservative with his money, and rather take the guaranteed percentage from a CD or other such product. So I took his advice with a grain of salt, and he actually led me down the road to the pennies and nickels inadvertently. He told me if I was going to buy silver, buy them in coin form so I always have the face value of the coin.
@Nnells421 Don't worry about it...same thing with my family I look up to my grandfather more than anyone....but he's only known working and realestate. He doesn't understand currency VS Tangible Assets/Precious Metals.
Congrats on the kid. And you didn't get into silver too late. My uncle is a wealthy stock broker and he started investing in silver 15 years ago when it was $4.00 an ounce. He still tells me and my brother that even at $35.00 an ounce its a steal if your going long turn investment. Who did you buy your bars from?
dkooys 1 week ago
@dkooys I actually ordered them from gainesvillecoins. There are also a few LCS in my area that have reasonable prices.
Nnells421 1 week ago
Good job, you cant go wrong buying silver in todays world of uncertainties! I buy every week no matter what the price is, this way ill adverage in and dont have to worry about the ebb and flow of price action that is very manipulated in the metals market particularly in silver! I have a freind that always gets nervous when price action drops and calls me asking '' should I sell ?'' I ask him are things getting better? Is unemployment under 5%? Is our deficit decliening? Then NO!
719michele 1 week ago
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Ron Paul has been declaring since 1971 that using gold and silver (as the U.S. Constitution states in Article I, Section 10) is the only sound currency. We are now seeing this more than ever as our Federal Reserve System currency continues to lose its value compared to the gold and silver it once contained. Currently it has lost 95% of its value.
No wonder Ron Paul said: I can sell a gallon of gasoline for a Silver Dime .. Ron Paul 2012
SilverNowPeople 3 weeks ago
but when you say about copper coins, 24 dollar return.. Who would you sell them to? Surely your local shop/dealer will undercut the current market value?
123finnbrayden 3 weeks ago
@123finnbrayden It's not a return I can realize right now. Hell I might never be able to realize that return legally. But 10-20-30 years from now, if the no melt ban is lifted on pennies and nickels, I will have plenty of people interested in paying me a premium for them.... And what do you think spot price of copper and nickle will be when that day comes? Probably safe to assume higher than it is today.
Nnells421 1 week ago
You don't lose money when the price goes down unless you sell while it's low. Buy on the dips. That's right now! Don't sell until it's way up.
I buy a little at a time as I can afford it.
ndrthrdr1 1 month ago
I demand more for my canadian coins over spot just got $5 over each
superhawkn 1 month ago
Yeah get canadian coins I like them
superhawkn 1 month ago
Keep stacking!
grimygrime 1 month ago
This is a way to preserve purchasing power. If you understand what is likely to happen to our money in the future, then you really shouldn't worry about losses. Trust me, for each ounce of silver you purchase, you are recovering purchasing power that your money should have had but has been lost to inflation over the last 100 years. $2 from 1960 buys about what $40 buys today. That kind of inflation is likely to take place over a 1 or 2 year period in the future instead of it taking 50 years.
veritasfiles 1 month ago 3
More bullion, less coins!
SuperThisishowwedo 2 months ago
You are a smart man and I wish you and your family the very best for the future.
SuperThisishowwedo 2 months ago
You are gonna do great on those bro! Especially if you are holding it long term. Just remember, sell them when YOU think the Silver bubble is about to burst. That day will come, but I'm sure you will know about it in advance. Keep investing, you are in the 1%... Good Luck!
lowpross11 3 months ago
No need to loose 3% off the purchase price (mark up). I buy mine with zero markup.
silverandgoldatcost 3 months ago
Buying PM is not for the greedy or people looking for "gains" It is basically the same as putting your dollar in a time capsule that will not loose value. 30 years ago a few hundred dollars amounted to something. Basically, until Washington starts making good decisions I see no reason to believe things will improve. We have been brainwashed to believe investing is about creating wealth out of thin air,but the informed know it is about losing as little as possible because of time and politics
sinnersavedbygrace7 3 months ago
you did not lose anything because you got rid of fiat currency which is worth nothing by the way
3333333921 4 months ago
Yes you pay a higher premium for the Engelhard and JM bars BUT they will bring a higher premium in the future as well.
ArgentPure 5 months ago
You have a very good attitude to buying PM,s - its really about protecting what you have.
Like you, I have limited funds and can't afford to risk trading in and out, so I just buy what I can, when I can.
Do you intend to buy any Gold? It is very high at the moment but we may get a dip sometime - if on a budget you could look at 1/10oz fractional coins.
maximuslaurius 6 months ago
silver is long term 5 year's at the least , a long term nest egg , and you are young , the sand's of time will ravage your'e dollar , but not silver , and my pound weaken's with every passing year.
firefox666moll 8 months ago
Nice metal. I built most of my Ag stack a year ago when it was 19 or so, and sadly I didn't sell any when it neared 50 in April. I'm still adding a bit to my stack every month, though. I'm not selling any these days, and I think the dollar will continue to fall relative to PMs in the next year.
Torgo1969 8 months ago
do you buy silver from online stores?
I would like to start buying it, but not sure where to begin...
If I buy canadian silver maple leafs for example, how do I trust they will actually be sent to me?
SteveFusionX 8 months ago
@SteveFusionX You need to research the sites you are buying from. if they are legit sites, then you will get your silver. also check out your area for coin shops and gold merchants, they usually buy and sell this stuff. Whatever you do, just know what price you should be paying. I will admit, even though I researched the site I got the bullion from, I was still very nervous until it actually was in my hand.
Nnells421 8 months ago
You have not made a loss, you traded legal counterfeit fiat currency for a real tangible storage of savings ( 999 fine silver). This will pay off for you in the future & it's a smart move, including you storing pennies & nickels. I wish you & your girlfriend all the best with the birth of your child. Take care & keep stacking :)
JezebelDecibel 8 months ago 6
@JezebelDecibel Thanks for the kind words. And yes I believe this will pay off long term, like I said in one of these videos, the dollar has been losing purchasing power since day 1, so historically I am playing pretty good odds I think. My grandfather, who I look up to very much when it comes to finances, doesn't agree with this decision 100%, he's not totally against it, but he's not as on board as I thought he'd be. When he talks I listen because he has never steered me wrong... but...
Nnells421 8 months ago
@Nnells421 he doesn't really believe in putting much money into stocks or commodities in the first place, he's really conservative with his money, and rather take the guaranteed percentage from a CD or other such product. So I took his advice with a grain of salt, and he actually led me down the road to the pennies and nickels inadvertently. He told me if I was going to buy silver, buy them in coin form so I always have the face value of the coin.
Nnells421 8 months ago
@Nnells421 Don't worry about it...same thing with my family I look up to my grandfather more than anyone....but he's only known working and realestate. He doesn't understand currency VS Tangible Assets/Precious Metals.
Keep at it!
evilanton 2 weeks ago