Investments
The time to invest is right now. The thing to invest in is silver. Either silver or gold would be a good investment, but I feel that silver is going to out perform gold in the near future. That is because while they are both used for monetary purposes, silver has a much greater value in manufacturing than gold. This means that as more and more silver goes into the hands of investors and collectors, the price will be bid up. It will not only be the investors that will bid it up but the manufacturers. This makes silver the ideal investment at this time in history.
Another thing that I feel makes silver better than gold is the fact that you do not need nearly as much money to purchase an ounce of silver. In the range of fourteen to fifteen dollars an ounce, you can purchase about ten ounces for $150. On the other hand, that same $150 would only purchase one or two one-tenth of an ounce coins of gold. At the other end, when it comes to spending this investment when the dollar completely fails, the silver would be much easier than the gold. The one tenth ounce of gold would be worth somewhat more then seventy-five dollars and might be hard to get change for, and the one tenth coin is the smallest amount gold comes in. On the other hand silver can be had in coins right down to the pre-1964 dimes, which at this time is worth about one dollar and fifty cents. For everyday purchases (or barter) they would be much easier to use.
What to buy and how to buy it? The first thing you will probably want to do, if you have not yet started in silver, is to purchase some pre-1964 quarters and dimes. It is best to go to your local coin store or pawn shop as then you will not have to pay postage. If there is nowhere in your area to purchase them direct, then go mail order. You can go on e-bay and purchase them there or you can contact a mail order seller such as "Chattanooga Coin" and order from them. Either of these will require you to pay postage. Purchase in as large amounts as you can. If you can only afford to purcase a roll of dimes at a time, then that is what to do. If you can afford to purchase bags of pre-1964 coins that is better. The difference will be that you will actually paying less postage as you will only pay once for a large number of coins rather than many times for smaller amounts. That is one reason I suggest local if possible, especially at first and for small amounts. The next thing I will caution you is not to pay too large a premium over the spot price of silver. I will not pay over a ten percent premium on anything I purchase. I try not to even go that high if I am ordering by mail, so I can afford to pay the postage.
As I stated common pre-1964 coins should be your first investment. After that you may want to move into silver dollars, silver bullion rounds and silver bullion bars. The thing you do not want to do is to purchase numismatically valuable coins or any other fiorm of silver. While many people collect coins, silver and other, this is not what I consider as an investment. What I consider an investment are coins and bullion that I can spend on necessities when necessary. This is also one of the reasons that so far I have limited my purchases to one ounce units of bullion. Like gold, if you have a five ounce bar it will be worth seventy-five dollars or more and will be harder to exchange. However, having said that, once you have what you consider a adequate amount of coins and one ounce bullion, you may want to start adding five or even ten ounce bars. This will help on storage space and will accommadate paying out larger amounts. As I mentioned storage space that is what you need, space to store your silver. You do not want someone else holding your silver. Take delivery on any you purchase as soon as you purchase it. You do not know what may happen to a company, even a bank, that is storing any of your silver. Have a safe place to store the silver where it will not be found by a common thief. Hopefully you can store it somewhere, or in something, that will not be affected by fire. However, one thing about silver is that if it is in a fire all that will happen is that it will melt. It will still be worth exactly the same amount as bullion as it was in its coin or bar form.
As I stated, this is the time tio invest in silver. However, do not forget to invest in a couple of years worth of non-perishable food and also a good supply of ammo. These are both even more important than silver. They will keep you alive when you have no one to barter with.
Another thing that I feel makes silver better than gold is the fact that you do not need nearly as much money to purchase an ounce of silver. In the range of fourteen to fifteen dollars an ounce, you can purchase about ten ounces for $150. On the other hand, that same $150 would only purchase one or two one-tenth of an ounce coins of gold. At the other end, when it comes to spending this investment when the dollar completely fails, the silver would be much easier than the gold. The one tenth ounce of gold would be worth somewhat more then seventy-five dollars and might be hard to get change for, and the one tenth coin is the smallest amount gold comes in. On the other hand silver can be had in coins right down to the pre-1964 dimes, which at this time is worth about one dollar and fifty cents. For everyday purchases (or barter) they would be much easier to use.
What to buy and how to buy it? The first thing you will probably want to do, if you have not yet started in silver, is to purchase some pre-1964 quarters and dimes. It is best to go to your local coin store or pawn shop as then you will not have to pay postage. If there is nowhere in your area to purchase them direct, then go mail order. You can go on e-bay and purchase them there or you can contact a mail order seller such as "Chattanooga Coin" and order from them. Either of these will require you to pay postage. Purchase in as large amounts as you can. If you can only afford to purcase a roll of dimes at a time, then that is what to do. If you can afford to purchase bags of pre-1964 coins that is better. The difference will be that you will actually paying less postage as you will only pay once for a large number of coins rather than many times for smaller amounts. That is one reason I suggest local if possible, especially at first and for small amounts. The next thing I will caution you is not to pay too large a premium over the spot price of silver. I will not pay over a ten percent premium on anything I purchase. I try not to even go that high if I am ordering by mail, so I can afford to pay the postage.
As I stated common pre-1964 coins should be your first investment. After that you may want to move into silver dollars, silver bullion rounds and silver bullion bars. The thing you do not want to do is to purchase numismatically valuable coins or any other fiorm of silver. While many people collect coins, silver and other, this is not what I consider as an investment. What I consider an investment are coins and bullion that I can spend on necessities when necessary. This is also one of the reasons that so far I have limited my purchases to one ounce units of bullion. Like gold, if you have a five ounce bar it will be worth seventy-five dollars or more and will be harder to exchange. However, having said that, once you have what you consider a adequate amount of coins and one ounce bullion, you may want to start adding five or even ten ounce bars. This will help on storage space and will accommadate paying out larger amounts. As I mentioned storage space that is what you need, space to store your silver. You do not want someone else holding your silver. Take delivery on any you purchase as soon as you purchase it. You do not know what may happen to a company, even a bank, that is storing any of your silver. Have a safe place to store the silver where it will not be found by a common thief. Hopefully you can store it somewhere, or in something, that will not be affected by fire. However, one thing about silver is that if it is in a fire all that will happen is that it will melt. It will still be worth exactly the same amount as bullion as it was in its coin or bar form.
As I stated, this is the time tio invest in silver. However, do not forget to invest in a couple of years worth of non-perishable food and also a good supply of ammo. These are both even more important than silver. They will keep you alive when you have no one to barter with.
posted by Knifeman | 7:06 PM
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