I test mostly by sound, the Pocket Pinger is nice for that. I think they even offer a fake coin to test against if you don't know what silver should sound like.
Test kits are super cheap and easy to use - they also give good idea of the amount of silver item contains (nearly all silver is actually an alloy that is mostly made of silver).
JMBullion ships it in an unmarked box that only has the address of their packing facility, no one can tell what’s in the box. As for how legit it is, no reputable dealer wants to sell fakes and risk their reputation.
Kitco, Apmex. They tend to have lower premiums. Personally I buy the ATB rounds as I find them beautiful and they are low mintage. I have seen numismatic appreciation as well as the silver spot placekeeping. ATBs would be more difficult to counterfeit due to the size and edge stamping.
there's several ways but you are wise to ask that question....buy from reputable dealers and keep your receipts....you can check silver with magnets or with silver solution that will reflect different colors based on the percentage of silver in your item. I'm sure there are other ways but I prefer a magnet
You can test it using water displacement to measure it's density to volume ratio. You can read more about it in this thread here. Keep in mind though it's only as accurate as your measurements and works the best with the 99.9 pure silver or gold.
volunteerpreciousmetals.com I trust these guys
Also silvertowne.com Trust these guys too
I have purchased from both, but not associated with these companies in any way.
For people who want in on the silver draze but don'y have a lotta bucks, Look for old silver spoons, forks, creamers etc.. you can find it sometimes at garage sales, auctions etc. it must be stamped 925 or sterling or it is NOT silver...Been collectin' and stackin since 2008
It might be and I hope you do....but I'm going to stick with the constitution Article 1 Section 10 nothing but Gold and Silver. These digital stocks and digital currencies look like the government could take them at their whim.....to get my stash they will need to go treasure hunting.
If you bought $1,000 worth of silver in January 2017 when DJT tweeted about it ($19.82 per oz) and you sold it at today's price of $23.88 per oz, you'd have made a 20.48% increase in profit or $200. But since inflation for all that time has been 11.9%, you'd actually only have made $80.
If you bought $1,000 worth of BTC at the same time, you'd have $67,000 right now or a 6,600% increase.
Buying gold and silver hasn't made anyone rich yet, maybe one day it will. In the meantime, put your extra cash into alt coins, when BTC's done with it's ride it will be alts turn to earn you lots of money.
There's plenty of things if you went back in time and bought have performed better but none have all the uses of Silver. 104 uses and counting.....since there's alot of "If's" in the statement above.....what if the internet goes down for a prolonged period of time what do you have if you bought BTC? BTC could be zero because you don't hold it.....Silver and other hard assets you can hold. There's a saying if you don't hold it you don't own it.
There are thousands of nodes all over the world so if the internet goes down in one area BTC is safe because of its decentralized nature. This is the point of miners. If you're talking about SHTF and there's a collapse of civilized society then silver will only help you based on what people are willing to barter for it. Perhaps that's reason enough to hold onto some silver, but for getting rich silver isn't what you should bank your portfolio on.
I'm simply banking on what DJT said.....you brought up the IFs. I will also rely on hard assets instead of paper or digital holdings....just my opinion and some other notable folks will back this up. Good luck to you and yours ....I don't tell people how to spend their money but I do like passing around sound knowledge. Famous economist Peter Schiff said in a recent interview BTC will go to zero when the supply of fools run out lol....he was not talking about you...you are at least on this board for a reason.
Silver and Gold have been around and used as money for 5 or 6000 years and you'll never see anyone throw Gold or Silver away on purpose....if you dig up some old coins a few hundred years old you are probably sitting on a fortune. Anyone that has made money on bitcoin or other digital currencies congratulations....I say congratulations but be cautious as they have not passed the 5000 year test or 20 years for that matter. Digital holdings can be erased with a click of a button or forgetting a password and the government can take control of it with a click of a button.....but Silver and Gold you can hide it very easily just don't take a phone with you when you go dig the hole.
The government can seize all your assets if they please, but the blockchain can not be hacked as of yet. If you hold your crypto in cold storage: ledger or hardware wallet, it can't be touched. Yes you can forget you password and never get your money out, but that's on you. You can also forget where you buried your gold lol.
I guess I'm just old school....I like sticking with the Constitution Article 1 Section 10 nothing but Gold and Silver....its possible I might forget where I buried it lol but not likely. Its been money for 5 or 6 thousand years and will always be money.....Silver is needed in 104 mostly industrial uses including Solar Panels, electric cars, satellites, all things high tech....our infrastructure doesn't run without it as it is the #1 conductor of electricity. I'm just saying it is a sound investment......I hope everyone on this board makes a killing with Bitcoin but I just don't see how we can trust digital things.....especially since everything we use is now made in China. I'm not trusting China with my digital wealth...I'm sure they have backdoor access to everything they make. I've had my computer crash too many times and lost too many emails......they say the internet is forever but its only been around 30 or so years. I trust my shovel more than the internet.
Silverbacks, we know!
Question regarding buying silver.
How do you trust the Silver you buy is legit Silver?
When it's shipped to you, won't you be a target by a criminal working at the Post Office?
Find a local coin shop. Buy it in person. With cash.
Nobody needs to know what you’re holding.
How do I know that the Silver I'm buying is real?
And Texas Precious metals! It’s TEXAS!
You can literally have it tested at a local coin shop OR test it yourself. Its not that difficult. I've tested my own multiple times.
I test mostly by sound, the Pocket Pinger is nice for that. I think they even offer a fake coin to test against if you don't know what silver should sound like.
Test kits are super cheap and easy to use - they also give good idea of the amount of silver item contains (nearly all silver is actually an alloy that is mostly made of silver).
https://www.amazon.com/silver-test-kit/s?k=silver+test+kit
Magnet test should be first thing to do - rules out anything made with iron/steel
Look for stamp mark in silver (non-coin) to indicate purity - stamps that start with "EP" mean silver plated, not solid silver
You can buy a machine that tests the purity by sending electric signals thru it. Different materials have different signatures.
JMBullion ships it in an unmarked box that only has the address of their packing facility, no one can tell what’s in the box. As for how legit it is, no reputable dealer wants to sell fakes and risk their reputation.
Kitco, Apmex. They tend to have lower premiums. Personally I buy the ATB rounds as I find them beautiful and they are low mintage. I have seen numismatic appreciation as well as the silver spot placekeeping. ATBs would be more difficult to counterfeit due to the size and edge stamping.
Thank you.......can you point me to a link for ATB rounds???
again, thanks
America The Beautiful, you can find them at multiple online dealers but you'll pay a hefty premium vs generic rounds.
https://www.apmex.com/category/22200/5-oz-america-the-beautiful-silver-coins-all/all
These coins are about the size of a drink coaster and have a circulation of 100k IIRC.
there's several ways but you are wise to ask that question....buy from reputable dealers and keep your receipts....you can check silver with magnets or with silver solution that will reflect different colors based on the percentage of silver in your item. I'm sure there are other ways but I prefer a magnet
Do you just put the magnet up to it?
A magnet only tells you if there's a steel core hidden inside, it won't reveal if it's got nickel or something else non-ferrous hidden inside.
good video how to test with a magnet
https://www.youtube.com/watch?v=8Es3JXLZL2g
thank you so much.
You can test it using water displacement to measure it's density to volume ratio. You can read more about it in this thread here. Keep in mind though it's only as accurate as your measurements and works the best with the 99.9 pure silver or gold.
https://gold-forum.kitco.com/showthread.php?99121-Fake-silver-and-the-quot-water-displacement-test-quot
Important to note that Trump said that in 2017. Silver is up 43% since he tweeted that.
With that said, there is a lot of room to run, IMO.
Took out a loan on my 401k to buy more silver and gold
Same, it's not like the 401k was doing much anyway.
It won't budge until the market manipulation is addressed.
Agreed, but the manipulation is in our favor at the moment to accumulate it not to sell it.
volunteerpreciousmetals.com I trust these guys Also silvertowne.com Trust these guys too I have purchased from both, but not associated with these companies in any way.
For people who want in on the silver draze but don'y have a lotta bucks, Look for old silver spoons, forks, creamers etc.. you can find it sometimes at garage sales, auctions etc. it must be stamped 925 or sterling or it is NOT silver...Been collectin' and stackin since 2008
GME is the MOASS then invest in things to fix the world
It might be and I hope you do....but I'm going to stick with the constitution Article 1 Section 10 nothing but Gold and Silver. These digital stocks and digital currencies look like the government could take them at their whim.....to get my stash they will need to go treasure hunting.
If you bought $1,000 worth of silver in January 2017 when DJT tweeted about it ($19.82 per oz) and you sold it at today's price of $23.88 per oz, you'd have made a 20.48% increase in profit or $200. But since inflation for all that time has been 11.9%, you'd actually only have made $80.
If you bought $1,000 worth of BTC at the same time, you'd have $67,000 right now or a 6,600% increase.
Buying gold and silver hasn't made anyone rich yet, maybe one day it will. In the meantime, put your extra cash into alt coins, when BTC's done with it's ride it will be alts turn to earn you lots of money.
There's plenty of things if you went back in time and bought have performed better but none have all the uses of Silver. 104 uses and counting.....since there's alot of "If's" in the statement above.....what if the internet goes down for a prolonged period of time what do you have if you bought BTC? BTC could be zero because you don't hold it.....Silver and other hard assets you can hold. There's a saying if you don't hold it you don't own it.
There are thousands of nodes all over the world so if the internet goes down in one area BTC is safe because of its decentralized nature. This is the point of miners. If you're talking about SHTF and there's a collapse of civilized society then silver will only help you based on what people are willing to barter for it. Perhaps that's reason enough to hold onto some silver, but for getting rich silver isn't what you should bank your portfolio on.
I'm simply banking on what DJT said.....you brought up the IFs. I will also rely on hard assets instead of paper or digital holdings....just my opinion and some other notable folks will back this up. Good luck to you and yours ....I don't tell people how to spend their money but I do like passing around sound knowledge. Famous economist Peter Schiff said in a recent interview BTC will go to zero when the supply of fools run out lol....he was not talking about you...you are at least on this board for a reason.
https://www.youtube.com/watch?v=2niV3-3X0-A
He was right about the crash in '08 and that was it. BTC's market cap is bigger than Visa and Mastercard's combined, it's never going to go to $0.
Silver and Gold have been around and used as money for 5 or 6000 years and you'll never see anyone throw Gold or Silver away on purpose....if you dig up some old coins a few hundred years old you are probably sitting on a fortune. Anyone that has made money on bitcoin or other digital currencies congratulations....I say congratulations but be cautious as they have not passed the 5000 year test or 20 years for that matter. Digital holdings can be erased with a click of a button or forgetting a password and the government can take control of it with a click of a button.....but Silver and Gold you can hide it very easily just don't take a phone with you when you go dig the hole.
The government can seize all your assets if they please, but the blockchain can not be hacked as of yet. If you hold your crypto in cold storage: ledger or hardware wallet, it can't be touched. Yes you can forget you password and never get your money out, but that's on you. You can also forget where you buried your gold lol.
I guess I'm just old school....I like sticking with the Constitution Article 1 Section 10 nothing but Gold and Silver....its possible I might forget where I buried it lol but not likely. Its been money for 5 or 6 thousand years and will always be money.....Silver is needed in 104 mostly industrial uses including Solar Panels, electric cars, satellites, all things high tech....our infrastructure doesn't run without it as it is the #1 conductor of electricity. I'm just saying it is a sound investment......I hope everyone on this board makes a killing with Bitcoin but I just don't see how we can trust digital things.....especially since everything we use is now made in China. I'm not trusting China with my digital wealth...I'm sure they have backdoor access to everything they make. I've had my computer crash too many times and lost too many emails......they say the internet is forever but its only been around 30 or so years. I trust my shovel more than the internet.