Long Position on Silver and Gold?

[Sawin]

I'm picking up some of these - http://www.providentmetals.com/zombu...ver-round.html

Should be a fun conversation piece and will probably get some additional appreciation over spot on ebay from people trying to complete the set down the road.

hahaha those are pretty cool for the zombie fans among us.

[roberth]

hahaha those are pretty cool for the zombie fans among us.

Yah they are!

[BigNick73]

I'm picking up some of these - http://www.providentmetals.com/zombu...ver-round.html

Should be a fun conversation piece and will probably get some additional appreciation over spot on ebay from people trying to complete the set down the road.

damnit, i was trying to hold out but had to order some, btw there's 2 styles out http://www.providentmetals.com/bulli...?ref=slideshow got to get em all now that silver shield silver bullet went down the crapper with their designs.

And my favorite by far is the kilo coins perth puts out.

http://www.youtube.com/watch?v=5DTjahg-5Q4

[jason303]

I like Provident for their prices and low shipping. Here's a good link to compare prices live and it lists the shipping.
https://comparesilverprices.com/
Does anyone have an opinion of
http://www.eriegoldandsilver.com/
? Been thinking of checking them out.

[Sawin]

I like Provident for their prices and low shipping. Here's a good link to compare prices live and it lists the shipping.
https://comparesilverprices.com/
Does anyone have an opinion of
http://www.eriegoldandsilver.com/
? Been thinking of checking them out.

I've been to Erie Gold and Coin twice, both times in early Spring of this year. I bought a bunch of random 1 oz silver "Christmas Rounds" that they had just taken in for a fair price. Most of their collection at the time was coinage that I was not looking for, so I didn't pay it any attention. I went straight for bullion and junk silver, and their selection was low. It's at least worth calling them or dropping by to see what they have. The two gents seemed like nice guys both times I went in.

[kwando]

Chinese buying silver... BLAH! They aren't real Chinese.

[mbl]

I have bought at Erie Gold and Coin a couple of times. There prices were hit and miss, sometimes they were very close to spot, other times too far above for me. The main issue I had was that I allocated X number of dollars to spend on silver, but they never had enough on hand for me to buy all that I was looking for.

They are worth giving a call to see what they have on hand and their price. From my experience, they are nice guys, and treat you fair.

[encorehunter]

I'm sorry, but I am not understanding all of this. You say locally, you can buy $3-5 over spot price. You pay 10-20% more (at $25/oz) than what it is worth, but when you want to sell it, you take a 10% hit. So what I am reading is you need a minimum of 30% increase just so you can break even. I have some silver, maybe 20oz, but all has been bought from individuals at spot price. I guess I am hopeful it will go up, but when you are 30% behind when you start, it makes a person wonder.

[davsel]

I'm sorry, but I am not understanding all of this. You say locally, you can buy $3-5 over spot price. You pay 10-20% more (at $25/oz) than what it is worth, but when you want to sell it, you take a 10% hit. So what I am reading is you need a minimum of 30% increase just so you can break even. I have some silver, maybe 20oz, but all has been bought from individuals at spot price. I guess I am hopeful it will go up, but when you are 30% behind when you start, it makes a person wonder.

There will come a time, within my lifetime, in which no amount of dollars will buy one ounce of the silver I hold.

[kidicarus13]

I'm sorry, but I am not understanding all of this. You say locally, you can buy $3-5 over spot price. You pay 10-20% more (at $25/oz) than what it is worth, but when you want to sell it, you take a 10% hit. So what I am reading is you need a minimum of 30% increase just so you can break even. I have some silver, maybe 20oz, but all has been bought from individuals at spot price. I guess I am hopeful it will go up, but when you are 30% behind when you start, it makes a person wonder.

That's the retail scam of precious metals. The buyer is losing 25% to 30% of their investment before they get to see tomorrow's price that may go up or down.