What do you invest in?
Gold or Silver?
Why is one metal better than the other?
Or if you steer clear, if so Why?
Any replies are welcome.
With my research i think Gold beats Silver but the 1983 to 2003 period saw gold steady, 20 years of investment?? I think that a period will happen again so im not keen to buy Gold or Silver? Whats your thoughts?
O C C, I started to collect silver when the U S guv'mint ceased minting silver coins in 1965. I grabbed every 90% silver coin I could and have them to this day. Many snows ago when I got married, I didn't like a gold coloured (now I'm spelling like an Aussie) wedding band so I got a 'White Gold' (silver colored) band. To this day I still purchase silver, either single coins or silver sets at melt price or no more than 4% over melt price. As for gold purchases, it's a heavy outlay for single or multiple purchases so I personally like buy silver because I can continue my purchases at reasonable prices throughout the year. A hint? Silver is silver, so purchases of FOREIGN silver coins or sets with the same amount of silver as common silver sets (Australia, the U S, and England) are much more reasonable than the common sets. A silver U S proof set with only .61 oz silver sells for more than a Canadian P L (Proof Like) set with 1.1 oz silver. I purchase for the silver, rarely for the rarity.
hahaha my dear if you think you are ever going to make money out of buying gold and silver then keep dreaming in lala land
let alone making money out of bullion {if you want to play the investment game and play the stock market stuff then you will get burned and loose everything and I will not feel sorry for you} if you feel the need to buy gold and silver at low prices on ebay and stuff know your budget price, don't buy cos the stock market say gold is buying or selling for so much today...
as an example silver averages $30 a oz, but I don't bother with that stuff, its all boring or junk stuff, NOW if you were to buy a $10 silver state coin at under face value, like I did a few month ago, well you cant loose, I think I got it for $6 now that's instant money even if you spend it for face, I doubled it on ebay :P
coins might have a collectors market, but its just a hobby and I never spend more than I am happy to part with, bullion bars and bullion coin like the perth mint silver stuff is just a waste of time and money
if money is truly burning a hole in your pocket buy a proper coin that will hold its value
A C, I've hoarded U S 90% silver coins since 1965 since the U S did away with 90% silver coins. I have close to $700 in 90% silver coinage. The inflation rate since then is 7.3 times (A dollar then is worth $7.30 today). Silver today is at $17.30/oz, making a 90% U S silver coin worth 12.5 X face value. Let's subtract the 7.3 from the 12.5 = 5.2. So 5.2 X the $700 equals $3640.....and ALL of the hoarded coins came out of circulation. Now I'm not counting the many 1950s & 1960s silver proof sets that I purchased (.61 oz silver ea) that I paid $2.10 each and the guv'mint paid the postage. Inflation in the U S, as the guv'mint says, is 1.2% where in reality, to me it is 8%+. Silver? I love it !
I have purchased gold (20oz) and silver (1kg) bullion over the past few years and although I am on the loosing end at this stage, the losses are offset by the gold I have found whilst gold prospecting and the four kilos of pre decimal silver coins found with my metal detectors.
I also find 1966 50c pieces occasionally which is a profit within its self.
Given time, bullion will increase and one should be making a profit.
the perth mint has a valuation widget for valuing your collection
http://youtu.be/O_NB6WPmdHU
I am afraid that I have to go to the copper prices if I want a bullion valuation for my collection! no gold and very little silver for this true blue collector!!
gold used to be about $400 oz about 9-10 years ago
now it's a heck of a lot more!
Perth mint
GoldAUD 1,402.77
SilverAUD 20.15
Buy the dip
? the dip ? is that a bullion program
I guess you could do, like junk coins that are only scrap, and I guess jewellery and stuff
yeah if you know what your looking for, you can get world coins, of course I like the world animal coins, but world coins can have silver in them, I got a whole bunch of world coins from the world coin lot I got for 10c a coin.
I guess the 1966 50c is a good thing to get into, buggered if I know what they are going for on ebay at the moment I guess they were going for like $10 a pop, and a dealer said he will buy at I think it was $6.50 and a guy sold him a bag full, the 66 are common and if you have a budget then go ahead, of course you would aim for face value, I know I do.
yeah if you wanted to do a safe investment then getting round 50c at face would be the best option
goldie gets a lot of his at the bank for 50c neat
now that is clever business
Quote from: 'robbiegal' pid='60762' dateline='1412926622'? the dip ? is that a bullion program
---BTFD--- (https://www.youtube.com/watch?v=0akBdQa55b4)
I do get some from the bank only because I have made myself known to the teller(s) AND, like today, I got another 66 50c in with my $1,000 swap over of 50c and $500 x of one dollar coins.
The 66 50c was the only thing I found today as well as a 2010 Spew Roo $1. That gives me a total of 799 x 66 50c pieces now.
Yes I try and secure 66 50c pieces at the lowest price possible and so should every body else.
Thanks for the replies, Some very good advice. I agree with the 66 50 cent coins but not off ebay for $10, http://www.wdavis.com.au/live-price-list.html is where I get my price from. What I like is that if you want to sell I can be reasonable quick, they aren't a hard sell and at the wdavis price even with 10% fees you can still come out on top. But I hate their fees and especially on postage so I made my website with 5% fees (easy to let the dealers know who I am to save 5% and what service I offer but harder to let the buyers out there know and get them on)
Goose I love your math and fact (not fiction or lies or myth) The research I carried out on silver is from 1965 until today. And like your math I worked out that $10,000 in 1965 bought 8000oz of silver and with inflation that equals $74,000 today which will only buy you 3700oz today. This means that silver is more valued today and that the $10,000 (8000oz) in silver is now worth $160,000. A 5.5% Per Annum.
Gold has faired better at 7.15% but that over the 50 years and it the 20 year period from 1983 - 2003 that makes this research/math a bit unreliable, but still valued and around 5 times valued now than in 1965. ($10,000 in 65 = 285oz, Today $74,000 = 53oz) Hence my bogle and reason to seek advise and knowledge. Thanks
Quote from: 'Chuckey' pid='60767' dateline='1412934479'Quote from: 'robbiegal' pid='60762' dateline='1412926622'? the dip ? is that a bullion program
---BTFD--- (https://www.youtube.com/watch?v=0akBdQa55b4)
funny
Quote from: 'Chuckey' pid='60767' dateline='1412934479'Quote from: 'robbiegal' pid='60762' dateline='1412926622'? the dip ? is that a bullion program
---BTFD--- (https://www.youtube.com/watch?v=0akBdQa55b4)
funny
round 50s can be had for a small premium above melt but they are hard to get at melt.
expect to pay about $8 each at current melt price which works out to be $24 an oz. this is a normal premium for highly liquid bullion.
the best place to get them cheap is at a bank for face value but that market is just about tapped out as they are easy to id and establish the proper value on due to google and they are easy to sell for over face at places like cash converters etc so people are less likely to dump a recently found hoard at a bank now days
ebay prices are a bit silly but people still pay $10+ for them. let me know if you do want to get some and I may be able to help out but I don't sell any of mine. silver is to low atm so I am currently in "buying mode"
WOW Gold dropped $40 and Silver is NOW below $15, And there I was thinking $15 was the bottom for Silver.
Silly Me :angel:
Perth Mint
AUS$
Gold AUD 1,374.57
Silver AUD 17.87
In early Monday trade, the local currency touched 84.49 US cents, its lowest point since June 2010. It has since recovered to 84.68 US cents.
In anticipation of the result of the Swiss referendum gold slumped more than 2 per cent of Friday to $US1167.15 an ounce and has now taken with Australian dollar with it, National Australia Bank senior economist David de Garis said.
Read more: http://www.smh.com.au/business/markets/currencies/australian-dollar-hits-new-fouryear-low-after-swiss-vote-20141201-11xc1o.html#ixzz3KbJhYbvh
I can't believe the movement in gold and silver prices over the past couple of days.
My head is spinning.
According to forecasters, gold, silver and the ASX were supposed to fall quite considerably today.
No luck they are all "flying high".
don't jinx it mate
I'm not trying to jinx it.
All I want it to do is to keep climbing......YES!