$5,000

[silverfinder20]

just out of curiosity, if you had $5,000 to invest in gold or silver what would you buy? Would you buy pre 1933 gold coins or morgan and peace dollars. Or maybe new silver eagles from the mint. Maybe even some silver bars or gold bars. Just say someone gave you $5,000 for you to spend at a coin show to invest in what would you buy? Explain why you would buy the coins or bars for that person

 

[SeaninNH]

I personally would buy silver eagles or bars. They are easy to sell and the percentage gains are much bigger than gold right now. I don't see that changing any time soon.

 

[dougbfromnorthga]

I would buy silver bars or ASEs. More room to increase. Easy to sell just a few if needed. HH Doug

 

[MIhunter]

If it has to be gold or silver I would spilt 50:50 gold and silver coins. If I could invest in anything, I would suggest investing in a real estate investment trust (REIT). They are listed in the NYSE or thru a mutal fund company.

 

[jim4silver]

If gold I would buy the lowest premium fractionals I could get, which in my case would be old foreign gold coins like 20 francs, British sovereigns, etc, for 2 to 4 percent over spot and often said coins are in AU/BU shape. Sometimes dealers will sell damaged/cleaned/polished old US gold for cheap, but I don't like to buy it damaged even though it is still gold. Many dealers will ship out damaged old US gold to refiners for melting since they cannot wholesale due to its condition, so if you don't mind it you might be able to negotiate a good deal and get them to sell to you instead of sending it off. I did that before and got some for 1 percent over spot, but I hated looking at the polished coins so I never did it again.

If silver I would get the lowest premium one ounce bars/rounds I could find, which in my case would be generic rounds/bars for roughly 60 to 80 cents over spot.

I would avoid the higher premium gold/silver like AGEs and ASEs, Maples, etc. The spread is too great and when you go to sell you don't recoup that premium, even though you will get more than for generic.
For example, here you might buy a AGE one ouncer for 60 to 70 bucks over spot, but if you sell it back you get 20 to 25 over spot if you are lucky. That is not acceptable to me personally.

The key is the spread. If you buy/sell locally find out the best spread for all types of silver and gold and stick with that. Junk silver often has a good buy/sell spread in most areas too, but I prefer to buy .999 bullion since I can get generic for pretty cheap usually.

Jim

 

[BuffaloBoy]

Gold, I was watching a modern marvels about gold on the history channel and it is said to be that all the the gold in the world would only equal up to the base of the Statue of Liberty on Ellis Island, the base is large but if that's all the gold in the world, I would invest in gold, most likely gold buffalos, my favorite gold coin; therefore, getting my name on here. I hope to eventually own one some day but for now those buffalo nickels do the job! awesome coins in my opinion and the gold makes them look even better! hh.

 

[FormerTeller]

Keep it, and do another 10 boxes of halves each week...

 

[fistfulladirt]

Gold - is the new gold.

 

[SeaninNH]

Keep it, and do another 10 boxes of halves each week...

Best answer yet!

 

[jim4silver]

Keep it, and do another 10 boxes of halves each week...

Best answer yet!

Not if you read the OP's question.

Sure it is great finding face value silver, but for many people a few keepers per week or month is not going to really add up unless you start CRHing at the age of 10. Yes there are some retired folks who basically make CRHing a full time job and they seem to find quite a bit, but for someone with a job who wants to obtain PMs it generally won't do the trick. But even some of the posters here who were doing 20 boxes of halves per week the finds got down to basically zilch over time.

Plus with many places charging fees for boxes and/or dumps plus all the competition, CRHing is not a viable option for building a decent investment sized stash of PMs unless you started CRHing years ago.

Sure it is a fun hobby, but it is not gonna build enough of a stash to withstand the financial meltdown that is getting nearer and nearer everyday in my opinion. Better to convert some of your fiat into metals.

Jim

 

[ImpurestStewart]

I would try to buy as many morgans as I could. Just running those old silver dollars through my fingers gives me goosebumps

 

[legend76]

I would hunt around for the best deals. I personally like pre-1933 gold eagles, Morgan and Peace dollars and 90% junk silver. Also, SAE's. And the 1/10 oz gold eagles are relatively affordable these day ~$160. Back in 2004, I bought ten of them for $44 each . So to summarize, it would be a combination of the above depending on which one(s) I could get as close to spot as possible.

Legend

 

[CHAINCHOMP]

90% junk silver imo. hope this helps! Keep it up and hh! [R.I.P. Rich Hartford]

 

[Diver_Down]

I already have plenty of silver. And Gold is always nice, but for 5k you don't get much for your buck. If I still had the 5k to put into metals, I would spend it all on copper. Old copper cents. You can buy some great coins that carry a hefty numismatic premium due to their rarity. 5k at a show like FUN with 600 tables to cherry pick cents would be my way.

 

[Bentfork]

IMO - go with what has the lowest premium attached. But I'd hang on to your cash for awhile. Look like gold an silver my continue to drop.

 

[Bigheed]

ya I woudlnt pay for "premiums stuff" or numismatic....cause then you have to sell to someone that wants that "value"

I'd stick to junk silver, rounds, ase's, some 1/10th oz golds , stuff that is easily convertible. Thats what makes junk silver so great is that the govt already spent the money minting it, theres no premium attached to it (except morgans & peace but you can usually negotiate a pawn dealer) and the quantity of silver per coin is proven.

Bigheed

 

[alaskanfever]

If it was me i would invest it all in SILVER. WHY because with silver you can get way more for your buck weight wise. which in turn you go and shop for the lowest premium on silver possible. Wait for the market to turn and you will profit more from silver then you will from gold. Gold yes is more stable than silver but you have a higher possibility of gaining alot more than with gold. It is very easy to see silver go back up to $50 dollars an ounce. If you buy silver right now you will be able to get about 148 ounces if it went back up to $50. you would profit $2402.04 where if you buy gold. you will only be able to get roughly 3.37 ounces right now. and say gold goes up $150 you would only of made $450... So for me i am investing all my money in SILVER because of quantity of SILVER will beat the quality of GOLD in an upturn of PM.

 

[captainfwiffo]

I would choose a diverse investment strategy instead of putting it all in one volatile market like PMs, which are already overheated. But silver isn't as overpriced as gold, so I guess silver.

 

[ramjet2187]

If it was me i would invest it all in SILVER. WHY because with silver you can get way more for your buck weight wise. which in turn you go and shop for the lowest premium on silver possible. Wait for the market to turn and you will profit more from silver then you will from gold. Gold yes is more stable than silver but you have a higher possibility of gaining alot more than with gold. It is very easy to see silver go back up to $50 dollars an ounce. If you buy silver right now you will be able to get about 148 ounces if it went back up to $50. you would profit $2402.04 where if you buy gold. you will only be able to get roughly 3.37 ounces right now. and say gold goes up $150 you would only of made $450... So for me i am investing all my money in SILVER because of quantity of SILVER will beat the quality of GOLD in an upturn of PM.

^^^^ This ^^^^

 

[DarkRider23]

If it was me i would invest it all in SILVER. WHY because with silver you can get way more for your buck weight wise. which in turn you go and shop for the lowest premium on silver possible. Wait for the market to turn and you will profit more from silver then you will from gold. Gold yes is more stable than silver but you have a higher possibility of gaining alot more than with gold. It is very easy to see silver go back up to $50 dollars an ounce. If you buy silver right now you will be able to get about 148 ounces if it went back up to $50. you would profit $2402.04 where if you buy gold. you will only be able to get roughly 3.37 ounces right now. and say gold goes up $150 you would only of made $450... So for me i am investing all my money in SILVER because of quantity of SILVER will beat the quality of GOLD in an upturn of PM.

And when the volatile silver market crashes, you lose even more money than you would if you invested in gold.

Investing all your money into one market is a stupid investment. Unless this money is "fun money" that you can afford to and are willing to lose, then investing in one market is dumb. Ideally, you would want to diversify your portfolio, so if one market crashes, you don't lose much.

If this $5k is "fun money" I would go for Silver, though. If you can't afford to lose the money, then don't invest it in a market as volatile as precious metals.