Buying silver, where to start

It nearly got away from them in 1980. They've actively squashed the price at every turn since, otherwise it would have blown it away by now. But little by little, faith in the fiat buck is eroding, lately at an increasing rate. One day price won't be determined by paper contract, but by what is in hand.
Meanwhile, I'm quite content with nearly 11% return over the last 15 years.

 

Exactly. For me it is a store of wealth for a safety net.

 

If the ridiculous $2000 stimulus pay out goes through (married $4000) I will be investing it all in something real------Gold

 

@johnbb
Don't wait till the last day , earlier this year there was a rush on PM's and orders could not be filled.
And the prices were on the climb , slight dip now.
Some mints have stopped making some bars in AG , learn how to ID bars and coins buy a good scale and other toys. Everyone has their own ways. I was assessing with a gold friend and dealer.
We were checking for sales and buyers. I was one of the purchaser's as with some of my prepper group .
Sloth

Charts Sir :Silver Price Today | Price of Silver Per Ounce | 24 Hour Spot Chart | KITCO

 

I almost want to sell more silver at that price. As long as biden doesn't crash the economy like Obama did the only direction gold and silver can go is down.

 

Buying gold near an "all time high" is not wise.

 

With the socialists getting control of the economy my gut feeling is there will be a major crash. The printing of money to fund these absurd programs (green new deal) along with China's dollar attack gold may be high but it will go much higher as the dollar is devalued.

 

Good hedge to put in your prediction, but frankly, it doesn't matter which clown occupies the White House (Joe will be gone in 6 months or less, is my guess), the economy is toast. Everywhere (outside banks and Wall St) you look, business is down huge amounts, and once driven to close/bankruptcy, they won't be back any time soon.
The only tool left to the central bank and govt is to put the printing presses in overdrive. Silver will end next year in the mid 30's, minimum....likely higher. Gold will hit 2300, and higher wouldn't surprise me.

That is my prediction for 2021. We'll revisit this thread next December. I'll try to refrain from "I told you so" moments during the year.

 

Well I heard the same thing in 2011 after gold went to its last false "all time high" that it would never go lower, or back down to 1,500 or 1,200 and it did.
The gold price will be high for about 9 more months to a year. It may even surge up to a new false all time high.
But if you don't sell any then it doesn't really matter what the all time high is.

 

Not saying this will happen to the same degree as in Weimar German post WWI but the US is trillions of dollars in debt and the government continues to print money whose value is based only on a promise and we all know the value of a government promise.
Bit of history:
"Silver prices rose from 12 Deutsche Marks in January 1919, only months following the conclusion of the First World War, to the astronomical sum of 543,750,000,000 Deutsche marks by the end of 1923, while gold rose from 170 Deutsche Marks to 87,000,000,000,000 by the end of the same period".

Biden will last a year in office then we are left with Harris who coupled with a stolen Senate election in GA gives the radical Harris the green light for reparations, green new deal higher taxes and only god knows what else. my 2 cents, hope i'm wrong

 

So if we are doing predictions...
my take it we will switch to an asset backed currency and bidden/harris will get credit for saving the economy ... for the Work Mr T has already done. Its all in place they just need to pull the switch.

 

No way we will switch to an asset backed currency, well if you don't view the american taxpayer an asset.
You can't make an asset backed currency out of thin air like they can now. Hell, every new loan taken out for cars, houses, anything paid with a credit card, signature loans are basically newly generated money.

Kinda hard to start or continue a war with an asset backed currency.

 

No they will will switch to an all digital “fed bucks” currency. It won’y solve the problem but it will make the tracking easier.

 

And you probably won't be able to use it to purchase anything firearm related nor any alternative currencies (PMs, non-sovereign cryptos).

 

Remember biden and witch are the safe, return to normal option...

 

IF THEY KNOW WHAT THEY HAVE! I have been in retail sales for many years and I have seen, and kept, many silver coins that were spent or exchanged for cash. A young man came in and asked if I accepted dollar coins, I expected Susan B's, but he dropped a Peace silver dollar on the counter....I gave him a dollar bill and we were both happy...and I was $25 richer. People break-up BU U.S. Mint coin sets and spend the coins. One guy cashed in rolls of quarters...it wasn't until later that I discovered that they were 90% silver quarters. I have gotten rolls of 90% silver dimes from the bank, some fool cashing in someone's horde of silver! One woman went on a buying spree with her late husband's collection of silver coins...damn shame she didn't spend more at our establishment. Once I was in a bank making a deposit when a couple came in to cash-in some rolled coins that had belonged to a family member ( they were trying to keep their utilities connected), the teller called the branch manager over and was able to get them several hundred dollars for their horde of coins. IF THEY KNOW WHAT THEY HAVE...otherwise just send a check!

 

So true Sir ^^^.

 

I once bought 30 silver dimes off an old sot whom had raided the piggy bank,$3 for 30 is not a bad trade

 

Last silver coin I got in change was probably 15 years ago....a 1959 quarter. Looked in good shape, I figured it came from somebody raiding a coin collection for candy money.

 

I find them in change a couple of times a year. But, Coinstar machines .. people leave them sitting in the reject tray.