/biz/ - Business & Finance

>>50712576
>I'm considering getting a set of silver dining utensils for myself, does anyone have experience with that? How much is the premium on top of the silver price itself? Is it a good investment overall

Yeah, I've opportunistically acquired a few table service sets of sterling silverware in my scrapping adventures that were nice enough to keep. Premiums are unconscionability high if you buy new at retail but far better deals can be found buying secondhand from individuals. It sounds like you just want a personal "place setting" of 4-7 different pieces instead of a chest full of settings, it is pretty easy to find people selling place settings which is easier than piecing one together from single pieces and if you buy via auction format then most of the time you have a good chance at paying below melt value.

The main thing you need to do is figure out what pattern you like, you can browse the most popular silverware patterns at replacements.com and see what jives then go on a more targeted hunt. Most patterns aren't particularly desirable so they won't be a good "investment" beyond silver content, however certain patterns are very fashionable and desirable and tend to sell for a whole lot. Many designs by Tiffany, and almost all by Georg Jensen for example hold value very well, at least during normal times. I don't know how much disposable capital a poorfag would want to dump into silverware, but personally recommend finding a pattern you like that isn't overhyped then lurking until a good below-spot deal shows up. If SHTF the demand for fancy high premium stuff may dry up and it could wind up getting liquidated and scrapped along with the less desirable patterns, so I think it's best to view it as just a utilitarian form of bullion and to avoid paying too much regardless of pattern or manufacturer.