/biz/ - Business & Finance

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Anonymous Sun Dec 28 15:57:38 2014 No.595018 [Reply] [Original]

How does /biz/ feel about silver bullion? Sure, it's not that valuable. But it's a very versatile fine metal in its uses.
>Used as an anti-microbial agent in dressings.
>Has incredible strength against widely varying temperature fluctuations in industrial uses.
>Is used in fine jewelry, which is always in demand.
>Is mainly an industrial metal.
>Demand for silver outweighs mining production.
>The price per ounce has been steadily increasing over the past three decades.
>Roughly 95% of the Silver that has already been mined has been used up.
>Is cheap right now compared to palladium, gold, and platinum.
>Will continue to rise in price as demand rises and supply dwindles.

And lastly, there's different ways to invest in silver.
>Physical Bullion
>Documentation of ownership of bullion that isn't in your physical possession.
>Stocks in silver mining companies.
>Silver coins, which also have collectable value.
As far as I see it, silver is a fine investment.

>>	Anonymous Sun Dec 28 16:19:45 2014 No.595030 Good break down OP

>>	Anonymous Sun Dec 28 16:20:17 2014 No.595031 >>595030 Thanks anon. Research pays off.

>>	Anonymous Sun Dec 28 16:25:36 2014 No.595039 >>595018 You forgot important things: >market price is heavily manipulated >subject to VAT in many countries >will keep on dwindling in value with the strengthening of equities and USD Platinum and palladium are better investments to me.

>>	Anonymous Sun Dec 28 16:37:28 2014 No.595049 >>595039 Platinum and Palladium are also subject to what you listed. But silver is lower in value, and thus more liquid and investable.

>>	Anonymous Sun Dec 28 16:55:54 2014 No.595059 I like it and own it. I enjoy collecting coins so it fits my hobby. I'm not concerned about price. I stack it in case ... you know ... the happening.

>>	Anonymous Sun Dec 28 17:18:34 2014 No.595079 >>595059 Yeah, I'm thinking the happening is nigh.

Anonymous Sun Dec 28 21:28:45 2014 No.595294

>>595049
More importantly, I don't think platinum and palladium will collapse, even if platinum is somewhat weak these days. On the other hand, gold and silver won't recover soon, being less rare and less useful, and may go even lower.

The "lower in value = more liquid" thing is a fallacy IMO, if we're not talking about an apocalyptic situation.

>>	Anonymous Sun Dec 28 21:41:41 2014 No.595303 I'm going to buy ~$50 of silver just because it looks cool. Any other reason is retarded.

>>	Anonymous Sun Dec 28 23:37:43 2014 No.595391 >>595018 If you buy now and hold long term, you'll do well. It will inevitably be worth considerably more at some point in the future than it is today. Just realised what an incredibly obvious statement this is.

Anonymous Mon Dec 29 00:05:05 2014 No.595413

>>595294
Less useful? Fucking silver and gold is in everything that has circuitry in it. Nanotechnology is dependant on gold as it can be spun down to a thread a single atom thick and keep its conductivity. Solar panel production uses huge amounts of silver. Go back to your basement.

Anonymous Mon Dec 29 00:18:43 2014 No.595435

>>595018
I've been stacking casually for about a year now, mostly in coins. I have around 70 ounces and I'm about to drop a few hundred dollars in some 10 oz bars. I try to diversify the types of coins I buy because they all have their different premiums.

Generally I'll buy only low premium coins when silver prices are low, and I'll buy high premium coins when silver prices are high. It's an efficient method because high premium coins keep their premiums, so when prices go low they only lose a small amount of their value.

As for why I invest in silver, it's basically all the reasons you have listed. I'm also very concerned that the dollar is doing too well lately and is bound to crash some time soon. I would suggest everyone buy up a lot of tangible assets

>>	Anonymous Mon Dec 29 00:29:15 2014 No.595445 >>595018 Silver looks pretty low at the moment, I've been thinking of buying a kilo and holding it for a few years

>>	Anonymous Mon Dec 29 00:42:36 2014 No.595454 >>595018 my mum just bought around 13k of silver how fucked am i

Anonymous Mon Dec 29 01:33:33 2014 No.595487

>>595413
I mean the abundance of gold and silver is not that useful. Silver and gold are more used for investing than for industry; while it's not true for palladium and platinum who are more rare, hence make less room for investors / speculators / manipulators who make the price of gold & silver collapse.

Anonymous Mon Dec 29 01:57:01 2014 No.595500

>>595487
>Silver and gold are more used for investing than for industry
You're pulling facts out of your ass.
In 2013, demand for silver Coins & Bars (investments) was only 245.6 million ounces. The demand for Industrial Fabrication was over twice as much at 586.6 million ounces, and even the amount for Jewelry and Silverware alone is more than demand for Coins and Bars. Similar is true for gold.

You can find that on silverinstitute org/site/supply-demand and gold org/supply-and-demand/gold-demand-trends
All it took was a google search.

>>	Anonymous Mon Dec 29 02:58:40 2014 No.595547 Do you think a single small country could survive returning to the gold/silver standard, or would their entire money supply be immediately consumed by speculators and make everyday business difficult?

>>	Anonymous Mon Dec 29 03:13:22 2014 No.595565 >>595018 I wouldn't invest in either . Most unstable manipulated market there is. Capital means much more than silver and gold in this age.

>>	Anonymous Mon Dec 29 03:22:51 2014 No.595570 >>595565 Precious metals will outlast fiat currency.

>>	Anonymous Mon Dec 29 03:25:54 2014 No.595574 OP here, I just got off of work. Sorry for the absence. The posters on this thread have already argued about my points. Are there any other questions that need to be addressed?

Anonymous Mon Dec 29 03:43:30 2014 No.595586

>>595565
>Most unstable manipulated market there is
Whether what you say is true or not, artificial price manipulation can't and never does last forever. In fact, the London Silver Fix just died a few months ago. There's only so much bullshit you can pump into a market before people do something about it.

It's also worth mentioning that once all this price manipulation ends, the price of silver will skyrocket because it's being undervalued way too much. Global demand has been surpassing supply yet the prices have been lowering. It's artificially losing value twice as fast as it should be growing.

Anonymous Mon Dec 29 07:52:19 2014 No.595656

>>595435
I'm not understanding this, to be honest.

As far as premiums go, isn't that, well, useless?

The only way I understand metals buying is by their content. I don't understand why someone would pay more for american minted silver vs. canadian minted silver, for instance.

>>	Anonymous Mon Dec 29 07:55:29 2014 No.595658 >>595547 Gaddafi tried to something similar in regards to how his country traded oil. He was murdered.

Anonymous Mon Dec 29 10:05:41 2014 No.595714

>>595656
Premiums come about when a coin is rare or "special". And, some people (collectors) value this rarity and will pay alot for it. Therefore, buying coins with premiums aren't affected as much by drops in the price of the metal. As they are also valuable in numismatic terms.

>>	Anonymous Mon Dec 29 12:24:20 2014 No.595818 >>595018 So, whats happenning with silver prices? been dropping lately to $ 15 / ounce

>>	Anonymous Mon Dec 29 12:27:53 2014 No.595821 File: 38 KB, 413x395, 1373944390123.jpg [View same] [iqdb] [saucenao] [google] >Documentation of ownership of bullion that isn't in your physical possession.

>>	Anonymous Mon Dec 29 12:29:48 2014 No.595825 >>595818 Buy the fucking dip

>>	Anonymous Mon Dec 29 12:33:55 2014 No.595831 >>595821 Being able to hold physical bullion is wonderful. What's your favourite? I like Zombucks and Maples the most, although most of my silver is Britannias.

>>	Anonymous Mon Dec 29 13:00:45 2014 No.595859 >>595831 Holding old Morgans in my hand makes me feel like a cowboy.

Anonymous Mon Dec 29 13:47:29 2014 No.595913
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>>595831
>Being able to hold physical bullion is wonderful.
I've noticed a phenomenon since i started stacking where anyone that holds my PMs doesnt want to stop holding/feeling them. They know i will let them see/hold any PM i have so long as they ask, but they never want to leave them be.
-Lead has a similar density, yet people can't be bothered with lead. It can't be simply the way it feels in-hand that makes people act this way.
-Most of the people i know that are part of the phenomenon work with large amounts of money - bank teller, super market bookkeeper, HVAC accounts manager, etc but they drool once they get a hold of some silver. Based on that, it can't be the monetary value that attracts them to PMs.
Anyone know why people act like this around PMs?

>>	Anonymous Mon Dec 29 15:15:56 2014 No.595970 >>595913 It's probably just something different which they know holds great value. They'd probably do the same with a gemstone.

Anonymous Mon Dec 29 15:55:00 2014 No.596009
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>>595018
the market already has this information and has priced silver in accordingly

you could list 100 different uses for frozen concentrated orange juice but that wouldn't mean the price will increase, silver isn't any different, so why aren't you talking about FCOJ?

Unless you have information that the market doesn't or a better analysis then there are no good opportunities to be had from silver.

Anonymous Mon Dec 29 16:03:07 2014 No.596013
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>>595831
>although most of my silver is Britannias.
>tfw I saw the 2003 Britannia and had to have one
>>595913
>>595970
This guy knows why. Its the same for guns, gold, whatever.

>mfw i find security almost as fun as the valuables themselves
>mfw I still can spend hours comparing different safes, burial spots, safe deposit boxes, the history of the impenetrable fortress of The Federal Reserve and Fort Knox (inb4 the gold isnt there anymore), etc

>>	Anonymous Tue Dec 30 09:39:36 2014 No.596762 >>596009 >comparing a non-renewable recource with a renewable one I hope you dont do this, /biz/raeli.

>>	Anonymous Wed Dec 31 01:43:17 2014 No.597622 >>595831 I'm a PAMP 1kg bar kind of guy.

Anonymous Wed Dec 31 01:53:25 2014 No.597624

>>595831
>>595913
it's not just that.

these companies that sell you "silver ownership certificates" and "keep your silver in a vault" located "somewhere" have been known to not actually have enough silver for all their clients. They're selling an empty promise.

If you don't have the silver in your hand or in a safety deposit box, you don't have any silver.

Anonymous Wed Dec 31 05:55:19 2014 No.597697 [DELETED]

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>>>595831
>>>595913
>"silver ownership certificates"
>"keep your silver in a vault" located "somewhere"
I can't believe people fall for this shit. What's the point in investing in PMs if they're just collecting paper? If they want to own paper that may or may not be a representation of a PM (or other non-perishable commodities), why not just collect cash/bank notes?

Anonymous Wed Dec 31 06:12:30 2014 No.597703 [DELETED]

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>>597624
>"silver ownership certificates" >"keep your silver in a vault" located "somewhere" I can't believe people fall for this shit. What's the point in investing in PMs if they're just collecting paper? If they want to own paper that may or may not be a representation of a PM (or other non-perishable commodities), why not just collect cash/bank notes?

Anonymous Wed Dec 31 06:15:21 2014 No.597705
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>>597624
>"silver ownership certificates"
>"keep your silver in a vault" located "somewhere"
I can't believe people fall for this shit. What's the point in investing in PMs if they're just collecting paper? If they want to own paper that may or may not be a representation of a PM (or other non-perishable commodities), why not just collect cash/bank notes?

>>	Anonymous Wed Dec 31 21:58:26 2014 No.598313 >>595018 >"Not valuable" >proceeds to list values

>>	Anonymous Wed Dec 31 23:39:13 2014 No.598395 >>595831 OPM and NTR bars are cool.

>>	Anonymous Thu Jan 1 00:56:33 2015 No.598438 >>595018 >>Roughly 95% of the Silver that has already been mined has been used up. I dont believe this crap. If it was already that used up then the price would rise. Silver is used in a lot of stuff.

>>	Anonymous Thu Jan 1 02:53:08 2015 No.598492 Where do you keep your metals? A safe deposit box at a bank or a safe at your house?

>>	Anonymous Thu Jan 1 03:04:40 2015 No.598497 >>598492 Im renting a place while I go to college, so I keep the silver I buy in a small safety deposit box my bank gives me for no fee as part of the perks for my bank account.

>>	Anonymous Thu Jan 1 03:07:03 2015 No.598498 >>598497 Which bank? sounds like a good deal.

Anonymous Thu Jan 1 03:10:09 2015 No.598499

>>598498
Canada fag here

http://www.tdcanadatrust.com/products-services/banking/accounts/chequing-accounts/all-inclusive.jsp

They want a $5,000 minimum monthly balance or $24.95 monthly fee but I just store my emergency cash fund in there so I don't get charged.

>>	Anonymous Thu Jan 1 03:46:26 2015 No.598510 Stupid question, how does one buy/sell silver without getting shit prices? Every place I've looked sells it way about the price of the raw silver and buys it way under the price.

>>	Anonymous Thu Jan 1 05:38:09 2015 No.598560 >>595570 True, and let's not forget that the South is gonna rise again, and Jesus is coming again soon.

Anonymous Thu Jan 1 05:54:45 2015 No.598564

>>598510
Of course dealers have to buy low and sell high. They have to make money some how.
In all seriousness, the best place you can look is Reddit. /r/pmsforsale has a lot of traders and you can find a lot of silver for around spot price because most of the people selling are just in need of a quick buck and could care less about premiums.

>>	Anonymous Thu Jan 1 19:19:50 2015 No.599179 >>595714 but then what is the point of investing, if it just means you have a good chance at breaking even?

Anonymous Fri Jan 2 08:30:08 2015 No.599729 [DELETED]

>>599179
You're not supposed to think of it as 'breaking even' you're supposed to think of it as 'insurance'. When you buy bullion bars you're exposing yourself to the whims of the market. If prices go up, you make a profit but if prices go down you lose some money. With coins, if the price of the metal goes up you can sell those coins solely based on the metal content and make a profit - but if the price of the metal goes down those coins still retain a lot of their value due to their historical significance or rarity, and so you can still sell the coins at a higher rate than the metal is going for.

Plus, if the coins sell individually, the seller can charge a premium on each individual coin, maximizing their profits. The catch is that coins generally come with a higher premium than bars, so the turn-around time is longer.

Anonymous Fri Jan 2 08:32:51 2015 No.599732 [DELETED]

You're not supposed to think of it as 'breaking even' you're supposed to think of it as 'insurance'. When you buy bullion bars you're exposing yourself to the whims of the market. If prices go up, you make a profit but if prices go down you lose some money. With coins, if the price of the metal goes up you can sell those coins solely based on the metal content and make a profit - but if the price of the metal goes down those coins still retain a lot of their value due to their historical significance or rarity, so you can still sell the coins at a higher rate than the metal is going for.

Plus if the coins sell individually, the seller can charge a premium on each individual coin, maximizing their profits. The catch is that coins generally come with a higher premium than bars and so the turn-around time is longer

Anonymous Fri Jan 2 08:35:03 2015 No.599736

>>599179
You're not supposed to think of it as 'breaking even' you're supposed to think of it as 'insurance'. When you buy bullion bars you're exposing yourself to the whims of the market. If prices go up, you make a profit but if prices go down you lose some money. With coins, if the price of the metal goes up you can sell those coins solely based on the metal content and make a profit - but if the price of the metal goes down those coins still retain a lot of their value due to their historical significance or rarity, so you can still sell the coins at a higher rate than the metal is going for.

Plus if the coins sell individually, the seller can charge a premium on each individual coin, maximizing their profits. The catch is that coins generally come with a higher premium than bars and so the turn-around time is longer

>>	Anonymous Fri Jan 2 10:21:16 2015 No.599792 File: 35 KB, 460x720, Money.jpg [View same] [iqdb] [saucenao] [google] >>595018 Silver bullion is VAT taxed in a lot of countries unless minted, so gold has less overhead.

>>	Anonymous Fri Jan 2 10:59:29 2015 No.599805 >>599792 >tfw I've spent £800 on silver and 20% of that was VAT. Britannias and Maples are pretty tho.

>>	Anonymous Fri Jan 2 13:50:32 2015 No.599958 I like silver bullion. Good store of value.

>>	Anonymous Fri Jan 2 14:49:22 2015 No.600025 >>595018 I buy Silver not only as an investment but because it is fucking Nice to have à kilo of silver in your hand. Best investment imo regarding to precious metals

>>	Anonymous Sat Jan 3 19:32:53 2015 No.600919 test

>>	Anonymous Sat Jan 3 19:41:44 2015 No.600929 >>600025 >I buy something not for an investment >It's the best investment! You're a fucking idiot.

>>	Anonymous Sat Jan 3 20:08:11 2015 No.600947 >>600929 read again retard. >not ONLY as an investment

Anonymous Sat Jan 3 20:15:43 2015 No.600955

I started my silver collection today with 10 1oz rounds. I wanted a 10oz bar but the store didn't have any. It looks and feels great, it even has a satisfying sound. I'm betting that silver will double your money faster than the s&p will if you bought now.

Anonymous Sat Jan 3 20:54:45 2015 No.600983
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>>599736
case in point, the Engelhard "American Prospector" 1ozt round. A german company bout the mint and now they only mint for industrial applications. These rounds are so rare they usually go for $5 over spot even if they aren't in mint condition.

>>	Anonymous Sun Jan 4 21:03:11 2015 No.602201 Its shit only retards would buy

>>	Anonymous Sun Jan 4 21:30:25 2015 No.602226 >>597705 Hell, if you're just collecting certificates of "things you own", why not the stock market?

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