Thursday, September 8, 2011
Numismatic silver vs Silver bullion
I think bullion is best at the cheapest possible price. I own a roll or Silver Eagles but the rest of my holdings is bullion. You have to ask this question: what r the chances that the premiums will OUTPERFORM the underlying bullion. And in my opinion the odds are low. If Silver doubles the premium would also have to double just to keep up and I don't see that happening. .numismatically......and i tend not to buy for the art...way over premium....and at the end of the day ..its the melt value of silver that people will pay for....imagine...if we ever get to a situation where we end up using silver and gold for barter/purchasing.....numismatic value may not be a consideration.......but hey...then again you may be right.....either way - its silver!!!...and those who have it will be set!!
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Nice post about buy gold and silver According to MoneyWeek, “Gold has been valued since the dawn of civilization. Unlike most investments it doesn't pay a dividend or any form of income. It's best seen as a hedge against financial instability.” Investors buy gold coins and bars, in addition to investing in gold shares, futures and options.
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Agreed, but just remember, there have been many time through out history, where Silver has been of Higher value than gold. I personally feel we are again on that precipice. With the passage of silver becoming a Rare Earth Metal, I believe silver will again be worth more than gold. 95% of all above ground, mined & refined gold is still around. With 75% of the silver being mined as a secondary, and only pulling out 40% of the global demand, and only 300 million ounce's above ground left available....
ReplyDeleteYou do the math....I like gold, and own it, but only a small percentage compared to silver...
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