Hang onto your silver,

spummerr

Jr. Member
Mar 31, 2014
55
58
Primary Interest:
All Treasure Hunting
You have it backwards, Don't buy bullion! Buy high quality - MS 63 & higher- US gold, silver coins graded by pcgs or ngc. Morgan Silver dollars, Liberty & St Gaudens double eagles etc. Way better return on investment


Avoid silver coins when investing. Just cause it was minted 51 years ago, doesn't make it overly valuable. Plus, the math is hard to calculate on a daily spot basis.
Buy bullion.
Eagles carry heavy premiums. Look around. Silver can be purchased near spot.
Peace ✌
 

lastleg

Silver Member
Feb 3, 2008
2,876
658
PM investors should take notice of tax rate IRS imposes on the sale. As much as 8% more than a
sale of stocks, bonds and mutual funds. Why? The IRS treats PMs as they would a collection of
beanie babies or any other collectibles. The government evidently does not want the ordinary
citizen stockpiling PMs.
 

LI Tom

Bronze Member
Oct 19, 2006
1,035
169
The short term price of silver is greatly influenced by the futures market,where a small amount of cash can control many silver contracts due to high leverage.Right now the amount of silver sold short is at an all time record.Speculators are betting silver will decline and putting great downward pressure on price.Ant turn in price will force the shorts to cover or face massive losses.The next rally could be intense.
 

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