Silver is useless enough to be the best electrical conductor in the world, gas of the electronics industry, tvs, microwaves, fabrics, batteries, mirrors, medicine etc. You don't need to buy physical, but its good to have some if TSHTF. If the price jumps and the gold/silver ratio closes, convert some to gold. That or find a refinery. Its better to store wealth than have your $ go to .70c next year. The $ is credit.
The majority of people don't understand the value of something. A 1964 quarter is worth over $3. A 1981 penny is worth 2.5c. A nickel is worth 7c and rising. Lugging around silver for past three years netted @ 300%.
The majority of people don't understand the value of something. A 1964 quarter is worth over $3. A 1981 penny is worth 2.5c. A nickel is worth 7c and rising. Lugging around silver for past three years netted @ 300%.
One note about "pennies" and nickels having a higher metal value than face value.
It is illegal to melt the two lowest denominations for their metal content ( passed about 2 years ago).
Melting cents is not practical, you can't get enough pre-1982 ones to make it worthwhile. Too much effort to sort them, and 90%+ would be post 1981 zinc.
The nickels are all the same composition, no sorting. That's the coin that will totally disappear from circulation, and get illegally melted if prices of copper and nickel increase much.
There used to be a great reason to hold silver coins over straight bullion ( back in the 70's).
I'm going from memory, so prices might be a bit off.
90% silver coins were worth about 3X face ( $6 silver ?). You could buy 40% silver halves ( 1965-9) for maybe 80 cents apiece. So you could buy a bag ( $1,000) for $1,400... if silver goes up fine ( like 1980).... if it tanked, it couldn't drop below that face value.
That is no longer a good reason to hold it in 40% silver halves, but it was at the time.
I'm going from memory, so prices might be a bit off.
90% silver coins were worth about 3X face ( $6 silver ?). You could buy 40% silver halves ( 1965-9) for maybe 80 cents apiece. So you could buy a bag ( $1,000) for $1,400... if silver goes up fine ( like 1980).... if it tanked, it couldn't drop below that face value.
That is no longer a good reason to hold it in 40% silver halves, but it was at the time.
thoughs on investing in pools?
what are your thoughts on silver pools such as this one?
https://online.kitco.com/poolaccount.html
not here to push this but want to hear thoughts....
what are your thoughts on silver pools such as this one?
https://online.kitco.com/poolaccount.html
not here to push this but want to hear thoughts....
