I have talked to people that don’t want to buy silver because they don’t feel that they can liquidate it when they need to. I personally feel that it is very liquid because it is a cash-like product. Here is why… www.qualitysilverbullion.com
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That’s a great question but one that we don’t have the answer to. It depends on what you are investing for, how much money you have, what the gold and or silver markets do, etc, etc, etc… If I said one or the other then I would get all sorts of different emails arguing which is best.
Honestly it depends on your own situation. Hope that helps.
whats better to invest in gold or silver?
Yea the $2-$3 range is more like for ASE or Maple leafs. They are coins really, bullion coins..
Not just minting companies have a Premium too. Coin dealers will add one to the coins they get from the Mint.
You won’t see that high of a premium on the generic rounds you get from. Q.S.B You skip the middle man and is a great deal. I want to order right now….!!
Exactly. We like to call it the minting cost to be more specific. If you’re paying $2-$3 over spot for bullion, it must be really prooflike bullion. In my opinion if someone pays that high of a premium in today’s market, that’s too high. But you are right, it has been that high, and it is possible that it might go that high again.
A premium is an amount added by the dealer for getting the bullion as the middle man or numismatic value for real coins. It is around $2.00- $3.00 for bullion.
What is the premium?
23.
i just bought four more 1/4 from monarch.
how old are you??
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WallStreet, manipulating the “American free market”,? cdo’s
high frequency trading, flash orders, naked shortselling
Goldman and Obama are in bed, Benanke, Geitner are frauds
Jobs exported, your labor de-valued to Zero to screw you into debt
cancel your insur. policies, walk away from your CC cards and
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Get out off paper. Buy silver bullion.
@Legion1937 Yea your right most of those smaller portions are pricey because there not cheap to mint. I do own a few because there cool but I try not to buy anything lower than a half ounce since I can’t get anything smaller than that for a good price.
they seem a little over priced. I have a 1/4 silver round from them.
these are bargain prices to strengthen your position
Monarch Precious metals prints a bunch of different sizes I’ve bought a few and there great quality.
Good point! Here’s a thought: Some of the silver I bought 6 months ago I can already sell now and make a profit even if it’s for a few cents under spot. Not a huge profit, but I am definitely in the black with some of my silver. I agree with you that holding it long term is a much better idea, but if the next 6 months reapeat what they did in the past 6 months, a large number of silver investors will be in the black. Just thought I’d throw that in.
Please share more experiences! Thanks a lot
Silver is a liquid investment. Yes you can sell it, most coin stores or pawnshops will buy your silver. The only problem is selling it for a profit. If you get into it before it climbs you can make some money. It has to climb a good deal so I’m investing long term. When it gets up to $50 an ounce in 20 years I’ll sell. If I sell now I’ll lose the premium
Thanks chimpanchu! 😉
I know. But more mints need to produce them.
it mite not be as liquid as cash (yet) but its a damn sight more liquid than property!
That’s why it is better to buy silver rounds than coins. Because when you sell your silver, most likely you will lose the premium you paid at the time of buying.
@Legion1937 apmex sells 1/2 ounce coins
just buy 90% junk silver
I wish someone would mint 1/2oz & 1/4 oz bullion coins. If we ever get to a barter system those coins will be badly needed.
I agree 100% with you. I spoke with a customer the other day that believes that in the future, precious metal dealers will act somewhat as a bank does now. I found that idea to be very interesting, and the crazy thing is that he could be exactly right.
Great Comment!
The responses I keep running into when I shop around is “Do you have any silver or gold you would like to sell” I laugh and say “NO” I’m here to buy and they tell me that they cannot hold on to the metals. One dealer in a matter of an hour sold 50 oz of silver 1 oz pieces I was going in to purchase. I think in the long run the question won’t be if you can sell, it will be “Do you have any more!”