How to Really Invest in Silver

Silver prices, silver investment,

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Education

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• Silver prices
• silver investment
• howto

[salbarajas]

Today I purchased 60 Troy Ounces of Silver at just below Spot/Melt value. The seller was aware of current prices, but was a motivated seller who did not mind since he was already making a profit from his investment when he bought them 2 years ago. I don't know why some of the people who comment get so upset with me for not overpaying?

[6630mcdo]

I hate when stupid people try to get every penny when buying or selling! Come on, don't be an old woman!

[salbarajas]

How much more over spot value do you pay for your silver?

[yogiudo]

You seem to think your fiat is worth something. It isn't - you can keep your fiat. I don't like selling to people like you because you want to haggle for every penny.

You can keep your fiat. I wouldn't sell to you.

[salbarajas]

A haggler would attempt to take advantage of a seller by paying $5 less then spot value for an ounce of silver, conversely someone looking to take advantage of a buyer would charge $5 more per ounce, Which I have often seen advertised. In fact I have recently heard an ad that stated that "Silver is currently valued at over $50 an ounce", which is far from the truth. Currently silver is just under $30 and I have never seen it near $50.

[salbarajas]

A haggler would attempt to take advantage of a seller by paying $5 less then spot value for an ounce of silver, conversely someone looking to take advantage of a buyer would charge $5 more per ounce, Which I have often seen advertised. In fact I have recently heard an ad that stated that "Silver is currently valued at over $50 an ounce", which is far from the truth. Currently silver is just under $36 and I have never seen it near $50.

[nickisacebeans]

Gotta feel sorry for those in the UK who are buying silver coins (legal tender) with VAT (essentially a 20% premium) when they really shouldn't be.

[solrwavz]

Melt value is only the value of the metal at the current market value..If it's a collector coin it will be much more.

[Stillwater900]

@shawso7 But how do you know all this? You're just guessing

[nickisacebeans]

@TWSceptic omg, wth? who are you? :P

[shawso7]

@Stillwater900 EXCELLENT QUESTIONS

1) IMMEDIATELY AFTER people'll be bartering w/essentials ONLY, not gold OR silver.

2) ONLY AFTER barter system becomes familiar & basic necessities routinely acquired w/o hinderance willing to accept a new CURRENCY.

3) GOLD & SILVER is superior in this regard & until some mutually accepted authoritys in place I suggested dont be TOO RASH in revealing you're a "gold bug".

4) IN ADDITION to GUNS:use simple piece of jewelry (plain wedding band) MAY BE best.

[TWSceptic]

@nickisacebeans Gotta feel sorry for Americans who pay taxes on gold when in most Europe countries it's tax free. U jelly?

[HauptmannUngerzacht]

@Stillwater900 Good for you pal, but I was referring to the silver hoarders who go to banks spend ten grand at the bank getting boxes of dimes, quarters, and halves looking for the coins that only contain 90% to 40% silver coins. I didn't have to do that because I got my for free. Just like I got my American silver eagle coins for a gift. I to also have sterling silver jewelry and silverware set that were passed down from my family to the next generation.

[rocky315w]

@Stillwater900 I went and what it tells you is the value of copper in coins minted after 1964 and of those i buy none unless they are silver proof sets, no mention is ever made of the value of the copper in 90% ers , but this guy throws out numbers without simply checking the validity of his facts, why would you listen to someone so uncaring of what he is speaking about.

[rocky315w]

@Stillwater900 I have never seen on coinflation anything that told you the value of the 10% copper in the silver coin, i stand corrected but then i only go to check for junk silver and I have, no where ever had anyone say that there is also 2 cents worth of copper in a 50 cent piece or what evr i can,t begin to imagine what the value of copper is in a merc dime which I gobble up the most of but I stand corrected , I,ll go there now and see what the vale of Cu is in 90%ers thanks.

[lifelessperson1993]

@salbarajas the sad truth is that everyone needs to make a living, who cares what price we buy it now silver is still 70 % undervalued and a fluctuation in prices of a few dollars isn't gonna hurt anyone if the price is gonna skyrocket from $7 or even $35, until it reches $1500, don't wait until the price goes down to buy, keep stacking bcause one day the rice is just gonna keep rising and not stop...

[Stillwater900]

Yeah we all know about Coinflation. You seem to be new at precious metals. This is not good info.