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- - Looking to start picking up some Silver... (http://goldismoney.info/forums/showthread.php?t=281307)

johnstevens | 07-09-2008 08:41 PM
Looking to start picking up some Silver... ...but I can't decide what I want. The only thing that has caught my eye design wise are the Chinese Silver Panda's. And those things are insane in terms of Numismatic price they tack on. What are your favorite Silver coins? Rounds? Bars? I'm happy to look at everything and anything you guys and gals show!

sneak | 07-09-2008 08:55 PM
Re: Looking to start picking up some Silver... I like the SAE and the Canadian ML. Some people are very suspect of the silver Pandas around here. I also like generic rounds and 10 oz. bars.

argentos | 07-09-2008 09:04 PM
Re: Looking to start picking up some Silver... Quote:
Originally Posted by johnstevens (Post 1184341) . The only thing that has caught my eye design wise are the Chinese Silver Panda's. And those things are insane in terms of Numismatic price they tack on.
They are beautiful! I couldn't resist buying a few, despite the whacking premium and the Value Added tax we have to pay in the UK.

tanner12oz | 07-09-2008 09:08 PM
Re: Looking to start picking up some Silver... soft spot for libertads here

Twisted Avatar | 07-09-2008 09:09 PM
Re: Looking to start picking up some Silver... Quote:
Originally Posted by johnstevens (Post 1184341) ...but I can't decide what I want. The only thing that has caught my eye design wise are the Chinese Silver Panda's. And those things are insane in terms of Numismatic price they tack on. What are your favorite Silver coins? Rounds? Bars? I'm happy to look at everything and anything you guys and gals show!
Buy what ever your locale coinshop has......... Then you can decide later on what your taste is. Time is getting short silver is about to break 20 again. Get in ......peace, mercs, SAE, walkers. T

latemetal | 07-09-2008 09:33 PM
Re: Looking to start picking up some Silver... Why are you buying silver? That determines what you buy. I am part tshtf and part investor, so I buy 90% silver coinage and generic .999 silver bars and rounds.:ARMS1: And any other silver if the price is low.:ARMS1:

Fullpower | 07-09-2008 09:44 PM
Re: Looking to start picking up some Silver... I favor scratched, dented, abraded and tarnished old style poured englehard 10 ounce bars. My dealer throws in all the dents and divots for free.

Kappy | 07-09-2008 09:45 PM
Coo coo for Kookaburras Just got some 2008 Kooks. So far easily my favorite silver coins. http://www.eurocollections.com/image...php?image=7555 Got a few Libertads too, pretty sweet as well. Add a star if you like boobs. http://www.eurocollections.com/image...php?image=7260 Never seen Lunars but got some random animals in transit coming my way :emotions16: Also got some Philharmonics but not too impressed. They'll be the first to go, whenever that day arrives.

RexPerpetuusNorvegiae | 07-09-2008 10:27 PM
Re: Looking to start picking up some Silver... I like to collect the 1oz pieces with smaller mintage numbers like the britannias, kookaburras, lunars and the sydney olympics coins I believe these and similar types will fetch a nifty premium when the price of silver moves and more investors come in to the market.

angryhippy | 07-09-2008 11:08 PM
Re: Looking to start picking up some Silver... I am not a huge fan of Pandas but would buy a few from a reputable dealer. I'd load up on 1 oz rounds and bars, and 10 oz bars. Then buy a few of the things you think are cool and want to collect. Have fun, once you hold silver you'll be hooked.

twenty4karat | 07-09-2008 11:13 PM
Re: Looking to start picking up some Silver... Quote:
Originally Posted by RexPerpetuusNorvegiae (Post 1184455) I like to collect the 1oz pieces with smaller mintage numbers like the britannias, kookaburras, lunars and the sydney olympics coins I believe these and similar types will fetch a nifty premium when the price of silver moves and more investors come in to the market.
When the time comes. And it's coming soon. Whether the dollar looses 90% of it's value, or there is a total flat out depression, or they actually do create an Amero, or any of the many coming possibilities. Premiums (nifty or not) will not be a factor. Silver will be Silver. Just as SILVERisSILVERisSILVER. And ALWAYS has been. Get the best value for your failing FRN's. Maranatha, :smile:

HaroldS | 07-10-2008 01:21 AM
Re: Looking to start picking up some Silver... A Libertad lover here too. Especially the early fat ones.

goldminer | 07-10-2008 06:03 AM
Re: Looking to start picking up some Silver... "Why are you buying silver? That determines what you buy...." Amen! Welcome to a fascinating world that most people have no idea about because mentally and behaviorally we've been led so far away from gold and silver that we have no awareness of them beyond jewelry, old relic coins, and large bars that we see pictured stored in central bank and government vaults. You need a flexible personal plan to guide you from beginning to acquire to trade out down the road. Here's some things you might consider: Trading to acquire physical silver for preservation and store of real worth for security:<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p> <o:p></o:p> My 2-cents plus is don't neglect education. Get all of it that you can because it will open a lot of doors and greater degree of financial success that will help you generate expendable FRNs that you can trade for metals down the road. Print the following for your personal use; you have my permission. And don't forget to consider gold. I hope it helps you. Developing A Plan & Acquiring Physical Gold and Silver Important questions to ask: 1. Why am I trading to acquire metals�for what reason(s) do I want them? 2. Am I in for the Long-term or the Short-term? 3. How do I plan to budget my income to create discretionary monies that I can trade for metals? 4. Which metals do I plan to acquire? 5. Do I plan to hold physical metals, or trade for �paper�/�e� metals, or a combination of both? If the latter, what percentage of each? 6. What forms of each metal do I want to own? 7. What percentages (in ounces) of each form of metal do I plan to acquire, and by what ball-park future date do I want to have them in hand? 8. Where do I plan to get my metals? 9. How many Federal Reserve Notes do I plan to make available each week to trade for metals? 10. Where do I plan to store the physical metals I acquire? 11. Depending on location, what kinds of containers and what methods am I going to use to securely store my metals? 12. Where do I plan to store my frequently changing written inventory of metals I hold? 13. What trusted persons will I make privy to where I�ve hidden the inventory, that also reports the locations of my stored metals? 14. Am I going to maintain and hide one or two copies of my metals inventory? The �Rules�: 1. Acquire metals as a store of wealth for current and future security. 2. The only PMs you own are the ones you hold in your hand. 3. �Mums� the word! 4. Don�t think of gold and silver as �commodities� and don�t think of trading for them in the short-term. 5. Don�t think in terms of �buying� and �selling� metals. Rather, think in terms of �trading� them �in� and �trading� them �out�. 6. Never chase a runaway stagecoach. It always comes back � sometimes not all the way, but it will retreat and this is the time to climb onboard. 7. Cost-average all trades over the long haul, and consider acquiring on downward trends when spot is near or at the 200 DMA (Day Moving Average). 8. Don�t look at spot prices unless and until you�re ready to trade. 9. If you forget rule #8 it will hurt you. 10. Plan safe and secure storage before you acquire any metals. 11. When planning storage consider the possibilities of fire, metal detectors, and intrusive government. 12. Store your metals in multiple locations and figuratively forget about them. 13. Keep a precise written inventory of your holdings and where they�re located. 14. Tell at least two trusted family members about the metals you have, and where you�ve hidden your inventory. 15. Don�t track the value of your holdings. It doesn�t matter what their market value is, period. You aren�t going to use your holdings for collateral and what are you going to trade holdings for anyway, FRNs? Please! 16. Trade first to get silver, then get gold. 17. Consider avoiding platinum and palladium, and avoid pre-1933 U.S. and World Gold Coins unless you have numismatic interest, want to collect them, and know exactly what you�re doing. 18. Cash & carry trading with no name and no paper or e-trail is the best policy. 19. Diversity is the hallmark of a prudent investor. 20. Bars are neither the most liquid nor the most frequently traded form of bullion. 21. Consider avoiding 50 and 100-ounce silver bars, avoid all gold bars that don�t have an assay card, and limit the bars you acquire to only those produced by Engelhard, Johnson Matthey (JM), Credit Suisse, and Credit Pamp. 22. Begin by trading to acquire pre-1965 U.S. 90% silver dimes, quarters, and half-dollars. Optimally first get dimes, then quarters and halves. Consider working to achieve a ratio of perhaps 50% dimes, 25% quarters, and 25% halves. 23. While working to obtain the total amount of 90% desired, start acquiring name brand Englehard, Johnson Matthey (JM), and Sunshine1-ounce silver rounds and/or bars (depending on preference and premium). Additional choices might include generic rounds struck by A-Mark, Monex, U.S. Assay Office, Silvertowne, Pan American, Northwest Territorial Mint, and others that are frequently seen and thus highly recognizable. Also acquire 1- ounce U.S. Silver Eagle and/or 1-ounce Canadian Silver Maple Leaf modern bullion coins. 24. Begin to acquire 10-ounce name-brand silver bars. Choose in order: Engelhard, Johnson Matthey, Sunshine, A-Mark, U.S. Assay Office, and Silvertowne. 25. The desired ratio in ounces of 90% silver coins, rounds/bars, and U.S. Silver Eagles and/or Canadian Silver Maple Leafs, varies among individuals. Optimally a person should trade to acquire over time, the total amount of each form and ratio of forms that their plan calls for. 26. When diverse forms of silver are in-hand, begin trading to obtain a mix of 1-ounce and fractional-ounce U.S. Gold Eagles and/or Canadian Gold Maple Leafs, and think about acquiring South African 1-ounce gold Kruggerands and fractional ounce British gold Sovereigns that trade at a small amount over spot. U.S. silver dollars carry a numismatic premium although there are literally tens and tens of millions of them out there. IMO they have value above the content of silver in that they enjoy legal tender status, are of unquestionable authenticity, very difficult to counterfeit, readily recognized and liquid, and have government guarantee re the content and purity of Ag contained. Like other 90% Ag coins they are in the U.S. and Canada, good items to have in a SHTF environment.<o:p></o:p> <o:p></o:p> Silver dollars are a great avenue of diversification. Just (as with other forms) cost-average your trades over the long haul. And though a trader in for the long-term doesn't want to think of Au and Ag as commodities, in reality they are, and as such are in forms that a person wants to shop around for, particularly since different items of most forms are pre-owned, they are traded on secondary markets, just like other commodities made available to buyers at flea markets, antique & collectable shows, Good Will, Salvation Army, yard sales, and other places. Sellers vary prices so shop, shop, shop, and then when and where you can get the most metal for your FRNs - make the trade. A down-side to alloyed silver like 90% (90% Ag and 10% Cu...gold and silver coins struck for circulation have for the most always been alloyed to make them more durable to withstand the rigors of circulation - gold and silver are too soft to serve as functional items) is that although a lot might contain (say) a $100.00 worth of silver, a refinery incurs costs in refining the alloy to recover the pure silver. For this reason 90% and other alloyed silver items (i.e. sterling @ 92.5% or .925 fine) will be discounted, meaning the refinery will pay something less than the total melt value of the PM contained. If you trade to acquire Canadian Ag coins, be careful that you don't pay too much for them. The pre-1967 dimes, quarters, halves, and dollar coins are 80% Ag. Realize though that someone just beginning is somewhat "over a barrel" because they want to acquire but yet don't have anywhere near what they ultimately want to hold, so they feel somewhat forced to pay a little more than they otherwise would, because what's important to them is to hold metals...and if they don't get 'em they're not building a stash. Thus the mental key: think in terms of cost averaging over the long haul. Sometimes you'll pay what you think is a bit too much, and other times you'll find a good "deal" and over a period the cost of all trades made will average out.

Twisted Avatar | 07-10-2008 06:12 AM
Re: Looking to start picking up some Silver... ^^ Great post GM...Im saving this one!!! T

SLV>GLD | 07-10-2008 08:22 AM
Re: Looking to start picking up some Silver... Quote:
Originally Posted by goldminer (Post 1184760) Realize though that someone just beginning is somewhat "over a barrel" because they want to acquire but yet don't have anywhere near what they ultimately want to hold, so they feel somewhat forced to pay a little more than they otherwise would, because what's important to them is to hold metals...and if they don't get 'em they're not building a stash. Thus the mental key: think in terms of cost averaging over the long haul. Sometimes you'll pay what you think is a bit too much, and other times you'll find a good "deal" and over a period the cost of all trades made will average out.
Most of that article is good food for thought but some is outdated and a lot is very biased and definitely US-centric. Personally, I see no problems with tracking the FRN-value of your holdings. I also keep my eye on the spot prices. It hasn't hurt me and never will because I won't let it. How the heck else do you get a feel for market movement? So I just say, "today is the day" and plunk down what I want to buy? Ok, whatever... personally I like knowing I bought at or near bottom and saved a few dollars that I can see reflected in the dollar cost averaging I can view due to the fact that I track of my expenditures and current holdings' "worth". The last paragraph (quoted) is the crux of the matter. That silly rule about NEVER buying premiums is pure crap too. I'm down with avoiding that which you do not understand but paying premiums is required in many circumstances and only a fool would prevent himself ownership of that which he desires due to some hard and fast absolute rule like that. When you can get kooks, lunars and brits at spot you can start listening to that rule. I would amend the rule to say that you should NEVER buy premium coins with any expectation that the premium will be recovered.

HaroldS | 07-10-2008 12:40 PM
Re: Looking to start picking up some Silver... "Cost-average all trades over the long haul, and consider acquiring on downward trends when spot is near or at the 200 DMA (Day Moving Average)." Can someone please explain where this information can be found?

Iptuous | 07-10-2008 01:19 PM
Re: Looking to start picking up some Silver... Quote:
Originally Posted by HaroldS (Post 1185411) "Cost-average all trades over the long haul, and consider acquiring on downward trends when spot is near or at the 200 DMA (Day Moving Average)." Can someone please explain where this information can be found?
I use netdania for their charts. here's link straight to Ag price: http://www.netdania.com/ChartApplet....Ccomstock_lite to see the DMAs, set the time scale to daily, under view increase the periods, and under studies->moving averages->new, set the time to 200 periods. That puts a 200DMA on the chart. lots of neat stuff in that little applet.

Bajan_Man | 07-10-2008 01:25 PM
Re: Looking to start picking up some Silver... Quote:
Originally Posted by SLV>GLD (Post 1184864) Most of that article is good food for thought but some is outdated and a lot is very biased and definitely US-centric. Personally, I see no problems with tracking the FRN-value of your holdings. I also keep my eye on the spot prices. It hasn't hurt me and never will because I won't let it. How the heck else do you get a feel for market movement? So I just say, "today is the day" and plunk down what I want to buy? Ok, whatever... personally I like knowing I bought at or near bottom and saved a few dollars that I can see reflected in the dollar cost averaging I can view due to the fact that I track of my expenditures and current holdings' "worth". The last paragraph (quoted) is the crux of the matter. That silly rule about NEVER buying premiums is pure crap too. I'm down with avoiding that which you do not understand but paying premiums is required in many circumstances and only a fool would prevent himself ownership of that which he desires due to some hard and fast absolute rule like that. When you can get kooks, lunars and brits at spot you can start listening to that rule. I would amend the rule to say that you should NEVER buy premium coins with any expectation that the premium will be recovered.
I thought that one of the commandments of gold & silver investing was to never buy premium if you can avoid it (try to avoid premiums as much as possible)....:D:D

SLV>GLD | 07-10-2008 03:10 PM
Re: Looking to start picking up some Silver... Yeah, it was that rule I was specifically contesting. It's too restrictive and leaves no room for collecting items of numismatic or personal interest. It's a great rule to follow for amassing as much silver as possible for the lowest amount of investment. It's a terrible rule for getting things you actually want besides 90%, ugly bars, generic rounds and SAE. Again, I would amend the rule to say that you should NEVER pay premium with any expectation that the premium will be recovered.

twenty4karat | 07-10-2008 06:49 PM
Re: Looking to start picking up some Silver... Quote:
Originally Posted by SLV>GLD (Post 1184864) ...I would amend the rule to say that you should NEVER buy premium coins with any expectation that the premium will be recovered.
No amending needed. That has been the whole point all along. Maranatha, :smile:

j-son | 08-06-2008 04:45 PM
Re: Looking to start picking up some Silver... anyone read this one? http://arabianmoney.net/2008/06/12/w...unt-petroleum/

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