I have the silver bug....

[Myrick]

...I just want to buy buy buy it... Is something wrong with me

Almost every Saturday I buy about 3 oz of silver eagles from a dealer. Anyone else feel for lack of a better expression "stir crazy" if you don't add some silver to your collection each week?

And sadly no boxes for me this week, as I didn't order in time

 

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[fistfulladirt]

I hear that. Roll hunting don't cut it when ya want to stack pounds.

 

[Dark]

Nothing wrong with enjoying a good deal on some precious metals.
It only becomes a problem if you start spending money that could be better spent on other things such as eliminating debt or keeping yourself taken care of.

 

[Wilmingtonsilver]

That's why I was really hoping that Silver would dip below $30 for a month or so. I want to buy some more too, but I can't bring myself to buying it over $30.

 

[Dark]

In a year or two when silver hits $50 a couple bucks won't be that significant.
That's what I tell myself anyway. :-P

 

[Myrick]

Ya i've been nabbing as many eagles as I can for 35 or less....

 

[Xiao en]

The good thing about buying silver while you also coin roll hunt is that you can cost average your buys across the face value you find.

 

[Generic_Lad]

I've found it interesting to buy foreign silver. Why?

1) If you are good you can get ahead of the dealer in ounces. Most dealers will set a threshold for all their foreign silver and just call it X%, sometimes it can be as high as 90%, sometimes as low as 50%. Either way, if you can buy only sterling (most pre-WWI British empire coins are sterling along with some other countries) you'll end up ahead in pure ounces.

2) You almost always get ahead numismatically. Many bulk dealers don't take the time to look up each individual coin in Krause or that country's equivalent to the Red Book, instead they get marked as just foreign and tossed in a bucket.

3) You can find much older, and much more interesting coins for little more than melt. For example, if you look hard enough you can find silver from the later reign of King George III selling for melt, based on age that's the same thing of finding a Bust or Flowing Hair US coin!

For less than the price of an Eagle you can get a Maria Theresa Thaler, a coin that's been circulating since 1780! (See Maria Theresa thaler - Wikipedia, the free encyclopedia )

 

[AdDicted2Ag]

I always have the silver bug... I just can't get rid of it..

 

[whiteslate]

Yep, I'm 16 and I have a great job that pays well so I'm buying up lots, this week I got 45 merc's 2 WL 2 90%ken's a 1935 WL proof and a 1963 Franklin Proof as well as 2 OZ generic rounds and 5 2012 ASE...

 

[sagittarius98]

a 1935 WL proof

You mean 1936? There were no 1935 proofs minted.

 

[Gold Maven]

In my opinion now is not the best time to buy, just a few short years ago I bought a lot when silver was under 5 bucks.

I hope that the price continues to rise, but historically it will plummet again. You may be able to get 5 times as much for your money if you have a little patience.

Nothing worse than buying high only to watch the prices drop. Good Luck.

 

[CurlysGold]

Hindsight is 20/20. If people can afford to buy at $30/oz more power to them. Why do you think the bottom is going to fall out on $30 silver?

 

[CoinFetcher]

hindsight is 20 freaking 20, love that phrase.

If the bottom falls out on silver- great - I'll buy more.

If the bottom falls out on silver - , I have a feeling it would be correlated to well performing dollar. In that case, my bank account will be awesome, and I will actually have some decent buying power with my greenbacks.

For now, I make modest bets against the dollar with my silver purchases.

 

[OnARoll]

I try not to fall in love with silver especially generic's, it's nice to know you have it, it feels good in your pocket but if hoarding silver is truly an investment than you need to have the right mind set to know when to sell. If you never sell its not an investment.

 

[Myrick]

I just want to hoard enough to sell at some point in the future, and in the process buy some property to live on. Its a large aspiration for someone who has grown up in the lower class. I am paying the rent for my parents these days with my job, yet I still put away some silver.

 

[FreedomUIC]

I try not to fall in love with silver especially generic's, it's nice to know you have it, it feels good in your pocket but if hoarding silver is truly an investment than you need to have the right mind set to know when to sell. If you never sell its not an investment.

I am not selling for at least another 15 years. That is when I retire and hopefully will have quite the stash along with some gold thrown in for good measure. If something happens where the price
skyrockets then I may have to do some soul searching and research. Would probably sell all, place the fiat dollars in my safe and wait for a dip to buy more than what I had before I sold. That is
the only scenario that I have played out in my head. I do like the fact that it is available if needed though.

 

[Local_coins]

I always have the silver bug... I just can't get rid of it..

There is no cure. Acquiring silver only seems to make it worse!