With banks failing all over, why are silver coins still hovering under $22? All day I hear people saying BUY but silver rounds still sell for $25.
ALSO, any thoughts on GME (GameStop) being in the mid teens? Time to buy the dip?
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (52)
sorted by:
I actually bought a 100oz of silver yesterday. Anybody who buys silver and doesn't take that silver home is a f-ing idiot.
Buy from a trusted source sdbullion.com or apmex.com. I've bought from both and took it to a jeweler friend. He looked at it and tested. It was the real deal. I've been buying from both for many years. I think tarnishing is cool. I like the stoichness it brings to coins and other pieces. Cleaning? I'll leave that to a jeweler.
Buy junk silver. It is easier to spend or trade someday when needed. The dates on the coins validate their genuineness. Any coin dated prior to 1965 or earlier contains 90% real silver.
Local gold stores sell junk silver.
Chalk. Put a piece of chalk in the container. It's like wild rice in a salt shaker.
I buy local from a female owned company 15 miles away. They make an appointment and you meet privately.
Is the silver better when a female sells it to you?
If it's better than the deal I get now I'll buy from a reptilian if it's legit
Well, as a female business owner myself.....yes. It’s shinier.
OP re 1 oz Silver Coins:
(REAL DEAL) My local coin store has been in business since 1976 so probably no funny business. You can get "rounds" which are basic silver coins with a decorative stamp on them. Alternatively, you can buy American Eagles or Canadian Maple Leafs which I believe are somewhat govt recognized, and -perhaps- slightly more negotiable during SHTF and cost abo0ut $5 more. All are same size, weight and silver %. One commenter said just buy rounds - most silver for the dollar. I think that makes sense after some thought.
There are testing devices you can buy on Amazon: A coin tweezer type holder with rubber tips. You "ping" the coin near your smart phone with app installed. It listens to the frequency of the ping and fairly accurately tells you if it is 99.9 silver or a fake. I might buy one.
(TARNISHING) Last purchase was a "tube" of new Canadian Maple Leafs which is twenty newly minted coins in a protective plastic tube. I keep mine in the fridge and there is no tarnishing even though I have handled them several times with clean hands. Tarnish is not really a concern, and you can always polish them :-) Mine appear new two years later.
But I can save a few bucks by buying a piece of paper that says I own 100oz of silver. When the banks crash I can take it in and they’ll definitely give me my silver and all my deposits, right? I mean, my well being and financial prosperity must be their top priority.
Nice! Hope I can do that soon.