The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE!
Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. |
 | | 
02-20-2012, 04:49 PM
|
#126 | | Rs has made me the woman i am today!
Join Date: Mar 2004 Location: Vancouver
Posts: 4,310
Thanked 580 Times in 230 Posts
Failed 771 Times in 208 Posts
|
Talk about industrial uses i'm trying to get 1oz platinum maples and can't find them anywhere, yet they are priced lower than gold...
Wait till this bad boy drops and watch what happens to gold then. http://www.pmbug.com/forum/f2/page-p...une-2012-a-12/ | 
|  | |
02-20-2012, 04:59 PM
|
#127 | | Wanna have a threesome?
Join Date: Oct 2010 Location: Squamish
Posts: 4,889
Thanked 5,054 Times in 1,657 Posts
Failed 439 Times in 203 Posts
|
Could you guys lay out the pros and cons of buying coins versus bars. Obviously, coins have a face value that will retain value in the unlikely event that silver tanks, but is there any advantage other than that?
I've always bought bars, but it looks like you guys prefer coins.
| |
| | |
02-20-2012, 05:45 PM
|
#128 | | Proud to be called a RS Regular!
Join Date: Dec 2011 Location: Vancouver
Posts: 123
Thanked 58 Times in 26 Posts
Failed 30 Times in 13 Posts
|
I don't think there is very much difference b/t buying bars vs coins. I like both.
The advantage of buying bars (10oz +) is that you are effectively buying in "bulk", so you get better value per dollar (the larger the bar, the better the value).
The advantage for coins is that when it's time to sell, you have much more flexibility.
Also, I really like Canadian Silver Maples.  | |
| | |
02-20-2012, 05:50 PM
|
#129 | | Proud to be called a RS Regular!
Join Date: Dec 2011 Location: Vancouver
Posts: 123
Thanked 58 Times in 26 Posts
Failed 30 Times in 13 Posts
| Quote:
Originally Posted by Death2Theft  | Have you tried VCBE in downtown? I think they are the largest bullion dealer in the GVA.
PS. Thanks for the link. | |
| | |
02-20-2012, 06:41 PM
|
#130 | | My homepage has been set to RS
Join Date: Nov 2006 Location: Richmond
Posts: 2,055
Thanked 194 Times in 62 Posts
Failed 35 Times in 18 Posts
| Quote:
Originally Posted by Death2Theft | You can order platinum from VBCE as it's usually not in stock.  im looking at investing in some platinum as well in the near future. It's greatly undervalued right now as an industrial metal, especially since it's much more rare than gold. Platinum was always traded a premium to gold, but dropped in 2008 due to the recession tanking industrial demand and auto companies having a large surplus of platinum.
A lot of us here seem to be on the right track looking at relative prices between metals rather than historical averages . IMO silver is the best investment for bullion right now - it has the highest investment + industrial value for any metal atm. Platinum will jump back up as the economy moves out of the recession, i think it's pretty much a given due to its demand.
__________________
PM is the key
| |
| | |
02-20-2012, 08:10 PM
|
#131 | | Rs has made me the woman i am today!
Join Date: Mar 2004 Location: Vancouver
Posts: 4,310
Thanked 580 Times in 230 Posts
Failed 771 Times in 208 Posts
|
Coins have collector value. Bars do not. Quote:
Originally Posted by MindBomber Could you guys lay out the pros and cons of buying coins versus bars. Obviously, coins have a face value that will retain value in the unlikely event that silver tanks, but is there any advantage other than that?
I've always bought bars, but it looks like you guys prefer coins. | | |
| | |
02-20-2012, 08:48 PM
|
#132 | | Wanna have a threesome?
Join Date: Oct 2010 Location: Squamish
Posts: 4,889
Thanked 5,054 Times in 1,657 Posts
Failed 439 Times in 203 Posts
| Quote:
Originally Posted by Death2Theft Coins have collector value. Bars do not. | With the rising price of silver, whats the likelihood that collector value will eventually exceed the metal value?
Or, would you say, the collector value is a safety net in the event the price of silver crashes and not something that adds value to the top end?
| |
| | |
02-20-2012, 08:51 PM
|
#133 | | I bringith the lowerballerith
Join Date: Mar 2002 Location: Vancouver
Posts: 1,103
Thanked 107 Times in 60 Posts
Failed 31 Times in 12 Posts
|
I would like to add and chime in some of my thoughts for the coin vs bar discussion
For the bar:
- Less of a premium (I.e you get more value for the buck)
- These usually come in 1, 10, 100 oz and may or may not be stamped by a refinery
For the coin:
- Minted mostly by government mint
- More premium as the coins are considered collectable coins and also have a nominal face value.
Personally I think pretty long term and just in case of a SHIT HITS THE FAN scenario (think world war 3, nuclear meltdown, natural disaster, zombie invasion). Would you want to lug around a 10, 100 oz or 1 kilo bar and try and resell or trade that for food or supplies? Most common people will identify with the 1 oz coin easy because its minted by the government.
One last plus, because generally you pay a premium for the coins, you also receive a premium when you sell (in most cases).
On side note, don't get me wrong - large bars are good too if all you care is about accumulating large stacks of silver.
__________________
ATTACK
| |
| | |
02-20-2012, 08:56 PM
|
#134 | | Wanna have a threesome?
Join Date: Oct 2010 Location: Squamish
Posts: 4,889
Thanked 5,054 Times in 1,657 Posts
Failed 439 Times in 203 Posts
|
Great points, Shon; thank you!
| |
| | |
02-20-2012, 09:00 PM
|
#135 | | I bringith the lowerballerith
Join Date: Mar 2002 Location: Vancouver
Posts: 1,103
Thanked 107 Times in 60 Posts
Failed 31 Times in 12 Posts
| Quote:
Originally Posted by MindBomber With the rising price of silver, whats the likelihood that collector value will eventually exceed the metal value?
Or, would you say, the collector value is a safety net in the event the price of silver crashes and not something that adds value to the top end? | I would say it depends on how rare the coin is or what the mintage was.
If its purely investing based on silver content then it's worth the weight in silver.
For example those 2012 polar bear $20 coins by RCM there's only 1/4 oz in silver (by today's silver content it's only worth 8 bucks give or take) but yet is has a face value of $20. Collectors generally will pay a small premium for this coin and whatever is in the wildlife set.
So in this case, as the new coin was introduced the collector value exceeded the metal value.
There's always a safety net such that the coin is worth exactly $20 and can be considered legal tender (as marked on the coin) but keep in mind you only get 8 bucks in silver
__________________
ATTACK
| |
| | |
02-20-2012, 09:02 PM
|
#136 | | I bringith the lowerballerith
Join Date: Mar 2002 Location: Vancouver
Posts: 1,103
Thanked 107 Times in 60 Posts
Failed 31 Times in 12 Posts
|
Plus coins are nice to look at.
If you are serious bout silver investing I'd do bars.
If you collect and invest - I'd do a mix of coins and bars
__________________
ATTACK
| |
| | |
02-20-2012, 09:04 PM
|
#137 | | Proud to be called a RS Regular!
Join Date: Dec 2011 Location: Vancouver
Posts: 123
Thanked 58 Times in 26 Posts
Failed 30 Times in 13 Posts
| Quote:
Originally Posted by MindBomber With the rising price of silver, whats the likelihood that collector value will eventually exceed the metal value?
Or, would you say, the collector value is a safety net in the event the price of silver crashes and not something that adds value to the top end? | I wouldn't make a big deal out of the "collector factor" because the Canadian Mint makes a gazillion Silver Maple Leafs a year. They are also available almost everywhere in Canada.
The only real places that people are willing to pay a premium for them is people who reside outside of Canada (Americans for example). But realistically, how much of your silver do you plan on selling to America? Probably very little and then you have to factor in the hassle (listing, shipping, billing, etc).
And when you factor in the extra value you get to buying bars, the difference is at best a wash.
Last edited by LIKEABOSS; 05-21-2012 at 02:59 AM.
| |
| | |
02-20-2012, 09:10 PM
|
#138 | | Proud to be called a RS Regular!
Join Date: Dec 2011 Location: Vancouver
Posts: 123
Thanked 58 Times in 26 Posts
Failed 30 Times in 13 Posts
|
delete delete
Last edited by LIKEABOSS; 05-21-2012 at 02:59 AM.
| |
| | |
02-20-2012, 09:19 PM
|
#139 | | Wanna have a threesome?
Join Date: Oct 2010 Location: Squamish
Posts: 4,889
Thanked 5,054 Times in 1,657 Posts
Failed 439 Times in 203 Posts
|
To date, I've only bought bars, they stack in my tiny safety deposit easier and I understood them to be the best pure investment value. Good to know I've been basing my purchases on sound logic.
I really like the wildlife series coins though, I might try to pick a few up.
| |
| | |
02-21-2012, 10:11 AM
|
#140 | | I bringith the lowerballerith
Join Date: Mar 2002 Location: Vancouver
Posts: 1,103
Thanked 107 Times in 60 Posts
Failed 31 Times in 12 Posts
|
MB: If you are purely speculating on Silver and don't really care about coins and how they look then bars are probably your best bet. Less premium and you pay less for more.
Just keep on stacking!!
I'm a semi collector / speculator / stacker so I'm focusing on getting a good collection of the maples first then stacking bars.
I've seen some pictures of these 70's bars with some pretty cool art and advertisement (coca cola, some american flour company) - gonna see if I can find some of these in the future.
__________________
ATTACK
| |
| | |
02-28-2012, 10:58 AM
|
#141 | | RS.net, where our google ads make absolutely no sense!
Join Date: Oct 2003 Location: VAncouver
Posts: 993
Thanked 864 Times in 179 Posts
Failed 98 Times in 44 Posts
|
Insane day in silver. Today was a steady climb. Not even sharp dips you try to scare you out
| |
| | |
03-05-2012, 11:30 AM
|
#142 | | look at these diamonds, they shining
Join Date: Apr 2008 Location: Vancouver
Posts: 2,800
Thanked 1,813 Times in 553 Posts
Failed 634 Times in 127 Posts
|
Anyone stocking up on silver before the greece bailout Posted via RS Mobile | |
| | |
03-06-2012, 12:31 PM
|
#143 | | I bringith the lowerballerith
Join Date: Mar 2002 Location: Vancouver
Posts: 1,103
Thanked 107 Times in 60 Posts
Failed 31 Times in 12 Posts
|
Quote the roller coaster ride in the last 2 weeks
Saw the price of Silver go to high 30's (38, 39) and now its down to 32.
Could be a good buying opportunity if it hits 30 or high 20's. Too bad there's too much a of a premium still at the local bullion dealers.
__________________
ATTACK
| |
| | |
03-09-2012, 11:21 PM
|
#144 | | Proud to be called a RS Regular!
Join Date: Dec 2011 Location: Vancouver
Posts: 123
Thanked 58 Times in 26 Posts
Failed 30 Times in 13 Posts
|
delete delete
Last edited by LIKEABOSS; 05-21-2012 at 02:59 AM.
| |
| | |
03-10-2012, 08:59 AM
|
#145 | | Proud to be called a RS Regular!
Join Date: Dec 2011 Location: Vancouver
Posts: 123
Thanked 58 Times in 26 Posts
Failed 30 Times in 13 Posts
| Quote:
Originally Posted by Drow Anyone stocking up on silver before the greece bailout Posted via RS Mobile | I am trying to stock up before Greece defaults which I think is inevitable. These bailouts are just the EU's way of kicking the can down the road. I think when Greece defaults, they will either stop using the Euro or leave the EU altogether. When this happens, the contagion will spread to the other weak EU states (Ireland, Spain, Portugal, etc.) and gold/silver will rise even more quickly thus reducing our potential long term profits. | |
| | |
03-12-2012, 05:30 PM
|
#146 | | Ready to be Man handled by RS!
Join Date: Nov 2011 Location: B
Posts: 90
Thanked 152 Times in 27 Posts
Failed 172 Times in 14 Posts
|
i been following this silver thread and its got me very interested. currently sitting at 34/oz i was wondering if its a good time to get in? with mark up its around 36/ i was thinking about picking up some 10 oz bars, do you guys normally go for registered or unregistered? is it worth the extra money for the registered bars?
| |
| | |
03-12-2012, 06:13 PM
|
#147 | | Rs has made me the man i am today!
Join Date: Apr 2004 Location: Vancouver
Posts: 3,073
Thanked 69 Times in 47 Posts
Failed 11 Times in 6 Posts
|
I'd rather swing trade SLV instead..
volatility can be your friend
| |
| | |
03-12-2012, 07:23 PM
|
#148 | | Proud to be called a RS Regular!
Join Date: Dec 2011 Location: Vancouver
Posts: 123
Thanked 58 Times in 26 Posts
Failed 30 Times in 13 Posts
|
delete
Last edited by LIKEABOSS; 05-21-2012 at 03:00 AM.
| |
| | |
03-14-2012, 10:07 AM
|
#149 | | look at these diamonds, they shining
Join Date: Apr 2008 Location: Vancouver
Posts: 2,800
Thanked 1,813 Times in 553 Posts
Failed 634 Times in 127 Posts
|
SILVERRR NOOOOO Posted via RS Mobile | |
| | |
03-14-2012, 10:09 AM
|
#150 | | I bringith the lowerballerith
Join Date: Nov 2005 Location: vancouver
Posts: 1,133
Thanked 4,543 Times in 464 Posts
Failed 381 Times in 56 Posts
|
Smack in the bum, smack smack
Smack, in the bum Posted via RS Mobile | |
| | | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 12:27 PM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
