Home Forums Hunting & Shooting Hunter's Campfire Precious metal investment

I can get a lot of silver/gold.....with a few ounces of wheel weights! Just saying! My wheel weight, one day, may be more valuable than many other precious metals! memtb

My precious metal of choice for investing is LEAD. I have probably 800 or 900 pounds in ingots, cast bullets or balls. If push comes to shove, I could get a lot of gold and silver with the lead I have on hand.

With the higher cost, why is this the best way to buy?

Because of their recognition.

I don't follow precious metals but see that if you were buying 100 Silver Eagles, they'd run $23.79/ea. So is this a good/bad price for a long-term purchase?

Hard to say. But that's well above spot price at present.

What would you consider a good price above spot for silver eagles and with precious metals following the market up and down I understand there's no "time" to buy but what would be the best conditions under which to make a purchase (in general)?

In normal times silver bars and ingots sell for about a $1 an ounce over spot. Silver Eagles, roughly $4 over. I would wait for "normal" times before buying,

Be sure to cast a few bullets out of silver- - - - -just in case you encounter a werewolf instead of a zombie! Throwing Bud Light cans- - - -even full ones- - -doesn't work!
Jerry

Noted both points! Thank you....

During some of the previous panic. I bought some silver 1 oz bars and rounds...I have one large chunk of silver...100 oz....don't recomend this as it hard to sell when no one has cash...years ago I bought lead in various form...lots of bullets and 22 rf before the Harding...sold some of that to friends who wanted to take there kids shooting...I wouldn't let the horders hav it....also bought about 3000 lbs of lead blankets that came out of a nuke plant...either melt it down for shot or bullets or sell for scrap....

This guy Thanks God that his granddaddy was a head cashier at our small town bank from the mid 30-60's and had an eye for coins with value.
He used to tell us stories of going through every till at the end of the day and swapping out coins that he knew had or would have value beyond face value.
Buckets of silver and quite a few gold pieces.
He kept all of it and passed down to his only son[dad] which has been slowly doling them out to us[3 sons] each Christmas.
I love the feeling of holding $20 gold pieces in hand.

If you want to invest in the metal only, rather than in the form it comes in, your best bet is kilo or 10 oz bars. Don't get the bars that have collector value due to the mint being out of business or the mint being collected. Go with bars that are closest to spot, which is usually a bar that's got a currently in operation mint making them, such as APMEX. With APMEX bars, or the like, you are getting very close to exchanging currency for silver, rather than contaminating your silver purchase with collector value. Same goes for gold, but in smaller weights, unless you're quite wealthy.

Every time the price drops suddenly no one has anything to sale. It is all out of stock.

This is true. The reason for this is that it's an artificial, paper driven, low. If it were the actual market price, folks would be happy to sell to you, and there would be plenty of it to sell. Those who hold it, in other words, don't agree that this is the actual price, so it's actually not the actual price. It's sellers who determine the real price, and if they won't sell at the paper price, the paper price is bogus. Take advantage of the sale, though, by finding some one who is willing to contract for a purchase, and will deliver when they can get it. APMEX will happily do that.

It used to be 12% to 16% for silver (roughly $2).



For the past year, anything near $12. Now? Anybody’s guess. The pandemic has resulted in the ceasing of mining operations. No idea when that will be reflected in pricing.

Silver is actually a bit more volatile on average, than gold. Coins like the silver eagle have added value in that both the nature of the coin and it's silver content are widely known. And they are in a convenient denomination for trade purposes. This is also why junk silver dimes are preferred by many.

Current prices of silver eagles seem high, given spot price, but the market will settle. Current spot price is affected by the fire sale of those who used it to hedge the commodities markets.

NO and NO

First off metals have never outpaced the Markets. Second coins are a sellers dream. If you want to invest in metals do it in either stocks, funds, or ETF's.

Anything other than the physical metals in your possession is nothing.

Stopped by my local coin dealer
Eagles were $24.00 with spot at $12.00 and change

He said -- that is what it will cost to replace them---

I passed!