I live on the west coast and I use pacific precious metals. I’ve met the owner and they are very reputable. You can set up an account and order online and they will ship you your order. I typically purchase the silver eagles but they have many other products.
https://www.pacificpreciousmetals.com/
I just ordered my first 1oz Silver Bar. Not much, but I don't have a lot of extra money to play with. What are some favorites when it comes to websites to buy silver?
That's what the big banks would like you to think so you don't buy gold and silver. How many cryptos are there? Over a thousand? There is probably at least one new crypto a week and at least half a dozen that are better than bitcoin for transactions. Cryptos are about as rare as bananas at this point.
Crypto is a trap, every transaction ever is recorded in their blockchain, its also a huge energy sink and mining is literally a dick measuring contest where the amount of processing power is ever increasing and used for calculating 0 beneficial numbers. Imagine, Iran used 2% of its power generation for crypto... 2% of its total power production to produce absolutely nothing of value!
Sorry, but there is no reason at this point in time to turn silver into a currency except to cause disorder in the economy. It is an industrial material used almost everywhere, including medicine.
As such, it's value is determined directly by supply and demand, and much of the demand is already in the form of fake coins sold by the hundreds of millions if not billions.
If silver were turned into a form of true currency, this would create a fake valuing system on it by creating a false demand on a limited supply product. Because of its widespread heavy use in industry it would cause a significant upheaval of industry across the board.
Gold is a much more useful form of currency, as its use in industry is quite limited with respect to its supply. It is used primarily in jewelry. Taking gold out of the system to turn it into currency would not significantly upend the industrial base. The amount of gold used in industry is very limited and any cost increase could be much more easily absorbed since many items are high value items that can absorb the fraction cost increase.
I'm not understanding the part about "much of the demand is already in the form of fake coins"? Why would there be a demand of fake coins? I can understand the fakers wanting to produce fake coins and try to sell them as real coins.
If silver really had a value of $1000 like some people try to claim, there would be nothing that would keep it in the low double digits range.
The only way that silver gains a valuation of $1000 is if governments fiat it as valued at $1000. Then we are only marginally better than the current fiat currencies we have.
How are those fake coins? They might not be considered legal tender, and I will say I'm unfamiliar with what that means, but those coins are 1 oz of silver and thus should be worth the going rate of 1 oz silver. There are legal tender coins. I think the 1 oz Canadian Maple Leaf says $5 on it, but no one in their right might would use 1 oz silver in exchange for $5, at least not at today's price.
It is a huge sink of demand for a product is the important part of what I am claiming. People just simply buying it for its pure intrinsic value of scarcity, hiding it away, increasing its scarcity. And even doing this does not increase its value.
How do you keep the price of sliver down to only a supposed value of 2% of what a person claims it should be ($1000) while having such huge demand placed on the silver?
They make real coins out of it too and sell to collectors. There is a massive jewelry demand on silver. There is a huge industrial demand on silver.
But with all these demands on a product that is slow to produce more and more of, people are screaming, enough so to downvote me massively, that it is under valued by 50 times.
Where is the depressed demand for silver to cause this difference? It does not exist, which is what my point is. There is lots of demand for silver, but the price is what the price is. How is its value being spiked down? What pressure? Can anyone explain that?
The only way silver could possibly end up with a value of $1000 is if there is a fake demand for it. The government would have to deem its value at $1000. It would have to FORCE people to demand it.
Gold on the other hand is a far superior form of money. Which is evidenced by the fact that almost none of the mined gold throughout history has ever been lost. When you look at silver, nearly 1/2 of all mined silver has been lost. Not valued enough to recover.
Anyways, I have read about 20 reports over 35 years arguing that silver is going to go BOOM, and the one thing missing from every single last one of them is the process by which silver demand spikes at such a rate that the value becomes some mythical multiple of what it was at the time of writing.
As with everything, something is worth what someone else is willing to pay for it. I get the impression that some people think the value of precious metals is inversely proportional to the value of the dollar. As we print more and more money it gets devalued and thus the value of the precious metals should be rising. And I think the thinking goes, the value of the precious metals is much less than it should be based on the value of the dollar and thus it's assumed the value of the precious metals is being purposely manipulated. I don't have an opinion since I haven't been following it closely.
That being said, this whole silver thing has got me thinking that I should probably add physical precious metals to my portfolio.
So dumb question, but now is a good time to get into silver, right?
I know that "yesterday / last month / last year" is always ideal, but if I've been contemplating for a while....now is good to pull the trigger on physical silver purchase, right frens?
There is 3 times the silver in circulation held in reserves, the holding company will just flood the market, GME to the moon< not a financial adviser, my personal opinion.. but the silver reserves are a real thing
1oz silver bullion coins: American Eagles, Canadian Maples, Australian Kangaroos... Pure silver, hard to counterfeit, easy to trade. Don't bother with numismatic coins.
It depends on how much you are buying. If you are buying over a thousand ounces bars or monster boxes take up less space. If you are buying a hundred ounces 1 ounce coins and 5 or 10 ounce bars might be better since they are easier to sell when the time comes. My personal favorite is kilo bars. These are really cool:
https://www.scottsdalemint.com/product/1-kg-tombstone-silver-nugget-silver-bar/
For those new to silver buying, US 90% silver dimes, quarters, and half dollars are a good option. They are recognizable, virtually never counterfeited, and plentiful. Watch out for the price though. Sometimes they are a good deal, and other times the premium is higher than .999 silver products.
I'm a fan of the ATB rounds. America the Beatiful series rounds are 5 ozt and depict a national park. They have a low premium per ozt and are limited production so they have a numismatic value over time. https://catalog.usmint.gov/coins/silver-coins/silver-quarters/
I'm buying 1 and 2 ounce bars but also supplementing with some 1/10oz and 1/4oz coins. The smaller coins end up costing more per weight up front but if your goal is to have something for trading with people in case the shit really does hit the fan, it's not a bad idea to have smaller amounts like this. And I figure if this really goes off and it skyrockets, the little bit extra I'm paying for those coins now will not make much difference in the long run.
If I had the cash for it right now, I'd be buying some 10oz and bigger bars but I'm late to the party and only able to get myself like 20oz total right now. If prices are still reasonable when I get my work bonus in about 10 days, I'm dumping it ALL in.
I’ve been buying and saving physical silver (and some gold) since 1986. My wife thought I was an idiot. Who’s laughing now.
I like sdbullion.com and provident metals, bu the above are good options. Provident is owned by JM Bullion.
I live on the west coast and I use pacific precious metals. I’ve met the owner and they are very reputable. You can set up an account and order online and they will ship you your order. I typically purchase the silver eagles but they have many other products. https://www.pacificpreciousmetals.com/
APMEX is also very reputable.
I like silvertowne
Necessarily as every major technology relies upon it...
Something very strange is going on in the silver side of the comex with the volume of 130% of annual production on just one day of trading yesterday.
Cool! Where can I go spend my silver?
I just ordered my first 1oz Silver Bar. Not much, but I don't have a lot of extra money to play with. What are some favorites when it comes to websites to buy silver?
J. M. Bullion and SD Bullion are very reputable with very competitive prices. Watch for sales also.
I was looking at SD Bullion. Do you think bars are a good start, or should I do coins if I am buying 1oz at a time for now?
Bitcoin is better in every way.
That's what the big banks would like you to think so you don't buy gold and silver. How many cryptos are there? Over a thousand? There is probably at least one new crypto a week and at least half a dozen that are better than bitcoin for transactions. Cryptos are about as rare as bananas at this point.
Both precious metals and bitcoin have benefits and drawbacks. I wouldn't say one is better than the other.
Gold for a store of value, silver as an investment and a trade, and Cryptos for speculation. That's how I look at it.
You and I think the same way.
I'll let gresham's law settle the debate
Crypto is a trap, every transaction ever is recorded in their blockchain, its also a huge energy sink and mining is literally a dick measuring contest where the amount of processing power is ever increasing and used for calculating 0 beneficial numbers. Imagine, Iran used 2% of its power generation for crypto... 2% of its total power production to produce absolutely nothing of value!
bitcoin isn't worth the paper it's printed on.
https://www.zerohedge.com/markets/reddit-preparing-unleash-worlds-biggest-short-squeeze-silver
Sorry, but there is no reason at this point in time to turn silver into a currency except to cause disorder in the economy. It is an industrial material used almost everywhere, including medicine.
As such, it's value is determined directly by supply and demand, and much of the demand is already in the form of fake coins sold by the hundreds of millions if not billions.
If silver were turned into a form of true currency, this would create a fake valuing system on it by creating a false demand on a limited supply product. Because of its widespread heavy use in industry it would cause a significant upheaval of industry across the board.
Gold is a much more useful form of currency, as its use in industry is quite limited with respect to its supply. It is used primarily in jewelry. Taking gold out of the system to turn it into currency would not significantly upend the industrial base. The amount of gold used in industry is very limited and any cost increase could be much more easily absorbed since many items are high value items that can absorb the fraction cost increase.
All you did was explain that you don’t understand silver.
And all you did was attack me as a person rather than the argument I made.
Which one has more value?
I didn’t attack you.
I'm not understanding the part about "much of the demand is already in the form of fake coins"? Why would there be a demand of fake coins? I can understand the fakers wanting to produce fake coins and try to sell them as real coins.
https://sdbullion.com/silver/silver-rounds/1-oz-silver-rounds?p=1&product_list_order=price <------ fake coins. They sell hundreds of millions of them. And even with that demand the price still is not even close to what people claim it should be at.
If silver really had a value of $1000 like some people try to claim, there would be nothing that would keep it in the low double digits range.
The only way that silver gains a valuation of $1000 is if governments fiat it as valued at $1000. Then we are only marginally better than the current fiat currencies we have.
How are those fake coins? They might not be considered legal tender, and I will say I'm unfamiliar with what that means, but those coins are 1 oz of silver and thus should be worth the going rate of 1 oz silver. There are legal tender coins. I think the 1 oz Canadian Maple Leaf says $5 on it, but no one in their right might would use 1 oz silver in exchange for $5, at least not at today's price.
It is a huge sink of demand for a product is the important part of what I am claiming. People just simply buying it for its pure intrinsic value of scarcity, hiding it away, increasing its scarcity. And even doing this does not increase its value.
How do you keep the price of sliver down to only a supposed value of 2% of what a person claims it should be ($1000) while having such huge demand placed on the silver?
They make real coins out of it too and sell to collectors. There is a massive jewelry demand on silver. There is a huge industrial demand on silver.
But with all these demands on a product that is slow to produce more and more of, people are screaming, enough so to downvote me massively, that it is under valued by 50 times.
Where is the depressed demand for silver to cause this difference? It does not exist, which is what my point is. There is lots of demand for silver, but the price is what the price is. How is its value being spiked down? What pressure? Can anyone explain that?
The only way silver could possibly end up with a value of $1000 is if there is a fake demand for it. The government would have to deem its value at $1000. It would have to FORCE people to demand it.
Gold on the other hand is a far superior form of money. Which is evidenced by the fact that almost none of the mined gold throughout history has ever been lost. When you look at silver, nearly 1/2 of all mined silver has been lost. Not valued enough to recover.
Anyways, I have read about 20 reports over 35 years arguing that silver is going to go BOOM, and the one thing missing from every single last one of them is the process by which silver demand spikes at such a rate that the value becomes some mythical multiple of what it was at the time of writing.
As with everything, something is worth what someone else is willing to pay for it. I get the impression that some people think the value of precious metals is inversely proportional to the value of the dollar. As we print more and more money it gets devalued and thus the value of the precious metals should be rising. And I think the thinking goes, the value of the precious metals is much less than it should be based on the value of the dollar and thus it's assumed the value of the precious metals is being purposely manipulated. I don't have an opinion since I haven't been following it closely.
That being said, this whole silver thing has got me thinking that I should probably add physical precious metals to my portfolio.
So dumb question, but now is a good time to get into silver, right?
I know that "yesterday / last month / last year" is always ideal, but if I've been contemplating for a while....now is good to pull the trigger on physical silver purchase, right frens?
There is 3 times the silver in circulation held in reserves, the holding company will just flood the market, GME to the moon< not a financial adviser, my personal opinion.. but the silver reserves are a real thing
1oz silver bullion coins: American Eagles, Canadian Maples, Australian Kangaroos... Pure silver, hard to counterfeit, easy to trade. Don't bother with numismatic coins.
It depends on how much you are buying. If you are buying over a thousand ounces bars or monster boxes take up less space. If you are buying a hundred ounces 1 ounce coins and 5 or 10 ounce bars might be better since they are easier to sell when the time comes. My personal favorite is kilo bars. These are really cool: https://www.scottsdalemint.com/product/1-kg-tombstone-silver-nugget-silver-bar/
For those new to silver buying, US 90% silver dimes, quarters, and half dollars are a good option. They are recognizable, virtually never counterfeited, and plentiful. Watch out for the price though. Sometimes they are a good deal, and other times the premium is higher than .999 silver products.
I'm a fan of the ATB rounds. America the Beatiful series rounds are 5 ozt and depict a national park. They have a low premium per ozt and are limited production so they have a numismatic value over time. https://catalog.usmint.gov/coins/silver-coins/silver-quarters/
I'm buying 1 and 2 ounce bars but also supplementing with some 1/10oz and 1/4oz coins. The smaller coins end up costing more per weight up front but if your goal is to have something for trading with people in case the shit really does hit the fan, it's not a bad idea to have smaller amounts like this. And I figure if this really goes off and it skyrockets, the little bit extra I'm paying for those coins now will not make much difference in the long run.
If I had the cash for it right now, I'd be buying some 10oz and bigger bars but I'm late to the party and only able to get myself like 20oz total right now. If prices are still reasonable when I get my work bonus in about 10 days, I'm dumping it ALL in.