Latest Delivery of Silver Bullion you Silver Bug
Friday, January 29th, 2010 at
11:09 am
Just got a new batch of silver in hand. Got it just in time with the recent jump in price. The US Govt is now a buyer of silver. Get some while it is still affordable. 5/27/09
Tagged with: American • Bars • Bug • bullion • Coins • collection • Futures • metals • Mine • mint • Northwest • Pan • PM • precious • Rounds • silver • Territorial
Filed under: Silver Videos
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Why French?
I was reffering to JollyMunkie calling us (Americans) aggressive.
Nice silver, sure is pretty! You wants sad, back in 1787 1.3 dollars bought 1 troy ounce, today it takes $15 to buy the same ounce, meaning the value of the collar has collapsed over 90%.
excellent
Silver Bugs beware when the mainstream media starts talking up silver as booming like they did with real estate beware! The price will soar and many weak minded individuals will sell for paper. the central banks will buy everything up and then BAM the collapse of the USD. It’s a chess game to them and they have fun at the expense of peoples suffering.
Don’t sell out stand pat, let them beg you or kill you either way i ain’t giving it up!!!
Buzzz, you got it dead on!
This is quite stupid.
Holding physical means he is paying MORE than the spot price (somtimes 3-4x !!) and will get LESS when he sells.
It’s like trying to sell your jewlry on ebay. Same thing. You get a fraction of the value. The only reason for buying silver is if you think the US will become Zimbabwe so you want to stock pile it. I’m not betting on that chance.
Just buy the spot contracts. Do not do what this guy is doing. He is over-reacting.
Stupid, are you sure? Do you think this rally is the end of the longest recession ever? There is no way we will hit new lows.
I have a little silver, just in case. Never paid 3 or 4X spot. If everyone in the USA had some silver, there would not be any. I am only buying things that are real. I am sick of the manipulation.
You should not worry and just buy some of that paper..with paper. Btw, I’ve never lost on ANY metal purchase. 8/3/09 dow at 9286
How is CA economy? Are they still doing IOUs?
dont listen to this dumbass… damn liberal
The thing is that silver will go to higher values than gold. Not only due to the currency issue we have in the USA but also due to the fact that it is running out. Some think that Silver could reach 2000OZ.
Yes I’m sure. Your overpaying for this just have physical. It would have to double or triple just fo you to break even. The only reason you would need this is if silver spot contracts became worthless because the USD collapsed. Are you really willing to bet on that? I’ll just buy at the current bid/ask price and when I want to sell call the broker. Yes the CA economy is about to collapse and they are “exporting” thier debts via IOUs. They also just raised taxes big time. State tax is now 10.55%
Figure this one out… SLV, the silver ETF, manages to buy and hold silver at spot price to back the “shares” that are bought and sold by the millions everyday. Do they have thugs stealing it from old ladies? Nobody else can buy it at spot. Do the have the juiced up Governator from 1979 shoveling it in and out of their vaults when people buy and sell? The answer to both rhetorical questions is obviously no!!!! SLV has no silver! Buy the real deal, as much and as you can!
Who in the hell is paying 3 or 4x spot? Most bullion is one or two dollars over spot. If you don’t hold it, you don’t own it.
And if you are getting back less than you paid, then you are selling to the wrong people. Posts like this are why no one takes investment advice from liberals.
Where are you getting this nonsense about it having to double for him to break even. If spot was at $14 when he bought this he probably paid between $15 and $16.50 an ounce. Silver only has to go back to last Febuary’s prices ($20+) for him to make a $3 per ounce profit. This isn’t rocket science. It sounds like you got burned because you don’t know where and how to deal with physical silver transactions economically and so you think your experience is the norm.
You misunderstand. Look up the prices he paid from the Perth Mint (and any others such as goldline etc). These coins are double, triple the spot prices. When you buy physical coins you pay much more. Then when you try to sell them on ebay etc you get LESS then spot. The only way it would ever make sense to hold physical is if the USD became so worthless that when you sold your spot contracts the USD did not buy anything of value. Similer to a Zimbabewe situation.
Wrong. You buy at spot. Your contracts are based on real supply. Then you sell at spot for cash, It’s that simple. The only way you would have to worry about your silver contracts going bad is is the USD collapses. Are you really willing to bet on that? The entire world would have to reject USD as the reserve currancy for this to happen AND the currancey traders AND central banks would have to hit the sell button. The USD would have to become worthless to justify holding physical silver.
“These coins are double, triple the spot prices. When you buy physical coins you pay much more.”
Once again I just have to disagree and say you don’t know bullion. I buy all the time at only $1 over spot, or even closer to spot in the case of US 90% junk. Thats about a 5-7% premium. The only way you will pay double or triple like you claim is if you are buying commemoratives and historic coins, which are not bullion per se.
I think that anyone betting on the USD not collapsing needs to study a little history. Every fiat currence for the last 3000+ years has collapsed.
The USD may not collapse tomorrow, but when it does, and it will, silver and gold holders are going to find out what a wise investment they made.
Peace: )
I’m a huge metal fan but I got a problem or two: Caesar is not going to let paper lose. If $ collapses, he’ll just devalue and install a world paper currency. You’ll lose 3/4 of your net worth and become slave or world gov’t. If you hold metal because you think your smart, Caesar will ban it and you’ll either turn it in for the very fiat you were fleeing or you and yours will be outlaws unable to spend or trade the metal. Last time it was banned it was illegal for 40Yrs. Can’t fight city hall.
NWT Mint – you wait 6 to 8 weeks to get your silver
APMEX ships in 3 to 5 days..
I bought from both.. I don’t buy form NWTM anymore
@cds162, I have waited for NWT for over 8 weeks, never again. Apmex is fast but my last order was suppose to be new bars, I got beat up ones. No big deal but if it says new and I pay for new…I should get new.
debtis.. Apmex isn’t perfect.. bought some gold coins from them and one had a cople nicks.. took a couple of weeks but i returned and finally got a new coin to replace… it wasn’t seamless but they made it right. intend to buy more silver early next year… good luck to you
I wonder when you know that bankers control the value of money,silver and gold.
How naive can you all be to think that the bankers will let you profit from your investment.
There is no going BACK to ancient trading ever.
The new world order is working hard to eliminate alternative forms of payment or trade unless they are digital.
Good luck with your fantasy lol
@licasixpack , The silver and gold bugs have China on their side. Never say NEVER.
I am sick of the system and have no problem investing in gold/silver. I am looking to keep what I have and not let it slowly be destroyed with inflation.
I wouldn’t be using the silver for trade, but only to sell when the price increases from what I paid.