Tell me all about buying silver...

[Decapoda]

I'm not sure I want to buy scrap but probably start collecting coins instead.
I do enjoy the look of a 1 oz bar and they are fairly cheap to collect from different mints.

Personally I'd stick to 9999 RCM products. They're easy to sell when you need and you can usually get better than spot when it's time to sell. Anything Canadian before 2018 is notorious for milk spotting which may affect resale, especially if your selling private.

Hard to go wrong with RCM 10 oz bars or maples.

Oh, and your bank is likely one of the the worst places to buy gold or silver. Premiums are brutal if you buy from your bank. You'll end up paying way more than you should.

 

[Decapoda]

If you invested in silver 5 years ago youd be up 67.66%

5 years ago? If you invested back in March of this year you'd be up about the same.

I've been dollar cost averaging lately, but buying at $21 spot definitely helps.

 

[Aetheric]

i like bordergold
buying from a dealer saves money for more silver (that 10 oz bar is $367 at the above dealer vs. $431)

 

[B00Mer]

i like bordergold
buying from a dealer saves money for more silver (that 10 oz bar is $367 at the above dealer vs. $431)

You're still buying above the going rate..

Where is a place to buy spot in Canada

 

[petros]

Kitco

 

[TheShadow]

Thanks for the info, everyone!

 

[Aetheric]

You're still buying above the going rate..

Where is a place to buy spot in Canada

nowhere
the closest to spot buying will be somewhere like bordergold and 100oz or 1000oz bars
but they are heavy, and not as 'tradeable' in the general

when in edmonton, mrcs are great people to deal with

 

[petros]

From your link

1 oz.

SILVER MAPLE LEAF

$40.49

From Kitco

1 oz Silver Canadian Maple Leaf Coin

1+	$38.33	$39.93
25+	$37.87	$39.45
100+	$37.47	$39.03

 

[LewisScott]

I haven't heard people buying silver so much like Gold but this could be a good investment. Silver is also a precious metal, though not as huge as gold, and the prices keep on increasing. So buying silver would not be a bad idea at all. Worth an investment.

 

[Decapoda]

From your link

​

1 oz.

SILVER MAPLE LEAF

$40.49

From Kitco

1 oz Silver Canadian Maple Leaf Coin

1+	$38.33	$39.93
25+	$37.87	$39.45
100+	$37.47	$39.03

With spot at around $31 right now, that's a 30% premium!! Premiums have been high all year, but this is the highest I've seen them. Hard to justify until things get more reasonable.

 

[petros]

It's going higher.

 

[Decapoda]

I haven't heard people buying silver so much like Gold but this could be a good investment. Silver is also a precious metal, though not as huge as gold, and the prices keep on increasing. So buying silver would not be a bad idea at all. Worth an investment.

Silver is an industrial metal which makes some think it isn't as efficient for preserving wealth. No doubt it is in high demand for industry, and much more plentiful than gold which makes it more volatile. But with the expected explosive growth in solar panels and electronic equipment in the next few years, all which require silver...and large amounts of it, it's a fine investment if you can tolerate the volatility.

 

[Decapoda]

It's going higher.

I don't disagree, but after seeing $20 less than a year ago, it's hard to pull the trigger. There are deals out there if you look.

 

[petros]

That's what I would have posted but it's an arthritis morning.

I buy sterling scrap. It's the best way to build a pile.

 

[spaminator]

its always good to stock up on silver. you never know what you might come across.

 

[DaSleeper]

its always good to stock up on silver. you never know what you might come across.
View attachment 3892

That's a wendigo....and you need more than a silver bullet.....
You also have to cut out his heart and burn it, or he'll regenerate and come back to haunt you!

 

[petros]

You also have to cut out his heart and burn it, or he'll regenerate and come back to haunt you!

I hate when that happens.

 

[TheShadow]

That's a wendigo....and you need more than a silver bullet.....
You also have to cut out his heart and burn it, or he'll regenerate and come back to haunt you!

Wait, if you eat a wendigo, do you become a super wendigo?

 

[B00Mer]

With Bidenomics about to destroy the US economy, now's a great time to invest in gold and silver

 

[Twin_Moose]

With Bidenomics about to destroy the US economy, now's a great time to invest in gold and silver

Someone is pushing the buy Silver craze not sure if it is good or bad, gotta dig a little more to see if it is a scheme to re coupe hedge fund losses or create more

https://twitter.com/i/web/status/1355989687211597825