Just Figured Out

[kalebdad]

I can use American Express Points to buy Silver on Amazon. Its Well over spot..... but they are points? HMMMMMMM.

 

Amazon Forum Fav 👍

Minelab PRO-FIND 35 Waterproof Pinpointer Metal Detector for Experts with Tone ID & Adjustable Sensitivity - Grab it through Amazon!

[Saabman]

That's pretty cool......

 

[undergrounddrew]

I like it!
Let me know the best silver deals you find on Amazon.
I think I will start doing that with credit card and hotel points this coming year!

 

[JasonB]

I think silver is expensive right now but I seem to be the only one. I think gold is crazy high but that's not the popular opinion either.

If silver drops to $14 again, I'm a buyer but otherwise, I'm holding off.


What do you think?

JasonB

 

[fistfulladirt]

I wish I had bought tons more when it was at $14.

I'm still buying, nice AU/BU Kennedys, a hair over melt.

Franklins to fill the book. Same price.

 

[Generic_Lad]

I think silver is expensive right now but I seem to be the only one. I think gold is crazy high but that's not the popular opinion either.

If silver drops to $14 again, I'm a buyer but otherwise, I'm holding off.


What do you think?

JasonB

The way I figure it, not putting your money in anything is taking a guaranteed loss, putting it in a savings account and most CDs is taking a guaranteed loss. Stocks and even bonds are too volatile at the moment, with reputable companies that were seen as "safe" investments like GM falling to nothingness. Will silver come down from the $28-29 it has been keeping up for the past month? Most likely. Will we ever see $4 an ounce silver again? Probably not.

So, is it worse to take a guaranteed loss or take a risk in hopes to preserve your wealth? The US dollar isn't going to ever start increasing in value unless the fed starts burning bills rather than printing them. Unless you have fixed interest-free payments that is fixed in dollars (such as interest free student loans) and of course assuming you have at least some money in a savings account for emergencies, you will be doing nothing but losing money by sitting on it. That is 100% guaranteed.

 

[AGninja]

high priced metals is the new norm. if you can trade in otherwise useless 'points' to buy tangible metals like silver id say thats probably the best possible investment you could put them towards.

For those of you waiting for 15$ silver again - that would require a drastic global economic turnaround from current policy. High metals prices is the new norm and the prices we see today that we think are outrageous might wind up looking like a drop in the bucket to metal prices 5 years from now.

I have a feeling that as silver, whether increases in its own fundamentals or is riding golds coattails to the moon will mean that silver finds in circulation will have gone from rare -> nonexistent. Then again once the every day people are savvy enough to discern a silver coin from a modern minted one, then its probably a good time to start selling rather than saving your coins.