Coins/ Silver question

[z28jd]

Thanks for that link. I see it also has the 90% and 40% coin prices which is good because the collection also had 141 of the 40% Kennedy half dollars. For once I'd like to sell high on something and buy low on something else, especially since I don't really collect coins, I basically just have a collection of pennies missing just that key 1909 s vdb and some odds and ends that I liked such as 2 and 3 cent pieces.

[Leon]

Hey John
As I said, I know there are a few collectors on the board. Glad you are getting a little help from some good guys. I am sure there are quite a few more too but as Barry said yesterday, most times folks are too lazy (well, I am saying that) to simply click over here and see what is going on. They would rather just post in the wrong place. Oh well....at any rate good luck with your coins.

[bbcard1]

I usually get $100 travel reimbursement every couple of weeks. For the last couple of months, I have been buying a silver round each time...sometimes it costs 30, sometimes it's 40, maybe some day it will be 20 or 50. I just don't worry about it. I particularlly like the Australian coins. I do think, for the average person, holding 5 to 10% of their savings in precious metals or other hard assets (some would say stones, but I think that is nuts) is probably sensible. Physical, not paper, of course.

Over the past year, I bought a little gold and haven't done bad or great....bought at $1500...saw it go over $2000 briefly, then back to $1600. I think Platinum may be a decent play (at parity with gold but much rarer), silver is fun but will always be volatile. I would not be shocked to see $100 or $15 silver.

If CDs were still paying 6% of if the stock market was not an absolute crap shoot, I would have probably never even thought about metal...and still don't in a significant way. .

OTOH, if I was that smart, I'd be rich by now.

[barrysloate]

If CD's were paying 6%, most of America would be leaving the stock market. Volatility may be great for the day traders, but for the average American who is trying to build a nest egg for retirement, it really sucks.

[basesareempty]

Not that I am some doomsdayer but if we ever have a full economic collapse in the US, paper currency will be almost worthless as it is backed by nothing. Inflation will go through the roof like WWII era Germany where you needed a wheel barrow full of German Marks to buy a loaf of bread. In this senario 90% silver coinage will have a lot of value and purchasing power.

[barrysloate]

And that's exactly why people are speculating in precious metals. However, doomsday scenarios rarely ever occur.

[bbcard1]

Personally, and I am no economist..in fact, every thing I do investment wise seems to be kind of wrong timing...but I think a deflation scenario is as likely as an inflation scenario. Our economy is a wreck, which would be very troubling if it were not stronger than most of the others worldwide.

[vintagechris]

As a person who stumbled into investing in silver and gold(my Dad's neighbor wanted me to sell some of his 90% silver on ebay in 2007) I can say have have done more than average research on it.

The advice you see in the thread is all good advice. I would say if you don't need the money, just hold it but I am also a person that believes everyone should have some gold and silver as an investment.

Silver was recently at $40 and then dropped to around $30, I consider that a good buying opportunity. There seems to be at least one sizeable correction each year, use it to buy.

If it goes to $50, it wouldn't be a bad idea to sell as there will probably be another correction to buy. Silver never just goes straight up or down and I doubt it ever will.