Time for me to buy more Silver

**41haikuwarriors** · 06-26-2013, 10:30 AM

Back in 1999, when I graduated high school, my grandparents gave me a big heavy box full of bills and coins as a graduation gift. $100 in one dollar bills, $200 in two dollar bills, and 100 1oz silver rounds. My grandmother told me that the ones were for happy hour drinks at Sonic while in college, the two dollar bills were for taking a lovely lady out on a date (she nailed the sonic drinks, but grossly underestimated the cost of dinner and a movie) and that the silver was for me to keep hold of until I absolutely needed it. Or, she said, maybe when you're 50 they'll be worth $10 apiece, then by all means sell them. Well i put the box away and completely forgot about it the day I saw that Silver had hit $28. I never paid attention to the metal markets and just happened to be eating breakfast at McDonalds that morning and saw it on the news. So of course I found my box and sold the silver. Used the money to buy the family all new furniture throughout the house. Could have waited a bit and gotten more but I ain't got ESP. I told myself then that if it ever dropped back down to $20 i would make sure to include Silver in my list of things to invest in. So for me, now is the time to get in. If prices keep going down i will keep buying more and more. Just another percentage of my scrap money i need to allocate every month. Diversification is how all the big money players keep ahead and constantly make money. Even us little guys can do it, just on a much smaller scale.

**ginofrater** · 06-26-2013, 10:38 AM

41haikuwarriorse

Thanks for sharing.

**BRASSCATCHER** · 06-26-2013, 02:27 PM

Good luck trying to find the actual metal to buy. Anyone who has it is holding on to it. They are too heavily invested to sell at these prices since most were buying at the $25 to $30 level when analysts were predicting it hitting $50. You are better off hitting yard sales and looking for sterling silverware or junk silver coins on feebay. The only thing you can get is eft's which is more worthless than the paper its printed on. Always get the metal in hand if you want it as an investment even if its junk silver or a few nice pieces of flatware. If you do ewaste cut all the fingers on your ram and video cards and sell the rest as fingerless. At least you can get some money in and still have some gold put aside to sell later.

**telecomguy** · 06-26-2013, 02:55 PM

I started buying a few silver coins on ebay recently. Got a batch of quarters coming at just under $4 (inc. shipping). Today's melt value is $3.40 so I've over paid a little but I'll be holding well past break even (about $22/oz silver). I check the garage sales and thrift stores but haven't come across a deal in quite a while. It seems like people are more aware of what they have and price accordingly.

**41haikuwarriors** · 06-27-2013, 07:53 AM

I ordered 5, 1oz rounds from Monarch @ 19.67 each yesterday. Plus 5.95 shipping. Decent deal, couldn't get any local dealers to quote.me over the phone.