Friday, September 13, 2013

Time to Jump

Silver is down. As its price falls, now is the time to jump on the band wagon and dollar cost average.

Settle on a routine - make incremental purchases either weekly or monthly. I tend to slide the odd ounce or two in my old leather pouch weekly.

Pictured below are two examples of my weakness. Each holds one ounce of .999 fine silver with a premium value on the fact both are fairly rare. 













Your grandchildren will, one day soon, appreciate your efforts.

Stephen
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19 comments:

  1. PaladinSeptember 13, 2013 at 9:55 AM

    Just my personal bias.. but the bottom one is freaking gorgeous!

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    1. StephenSeptember 13, 2013 at 11:50 AM

      Yes it is, indeed. The upper piece is very thick, hefty. Both feel good in your pocket. Thanks, Bubba.

      Delete
  2. Rev. PaulSeptember 13, 2013 at 9:55 AM

    You're a wise man, sir.

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    1. StephenSeptember 13, 2013 at 11:50 AM

      Nah, I just like silver...unlike those almost useless Federal Reserve Notes. Thank you, my friend.

      Delete
  3. Palm City GirlSeptember 13, 2013 at 11:18 AM

    How does one aquire such items?

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    1. StephenSeptember 13, 2013 at 11:56 AM

      Several ways, Sweet Lady. Your local coin dealer, online retailers such as Gainesville Coin, or off Ebay. Be very careful on Ebay....you will pay 'spot price' for silver per ounce wherever you decide to buy. Google the term. Spot is updated during the trading day moment by moment and is set in London. You will then pay a small commission over spot. This commission is the dealers profit and normally ranges from five to ten dollars over spot, depending on the dealer or retailer. Either way you are exchanging fiat currency for a tangible investment. Thanks, my new friend.

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    2. MattSeptember 13, 2013 at 11:58 AM

      Boss, question. Did you mean 5 to 10 percent instead of dollars?

      Delete
    3. StephenSeptember 13, 2013 at 12:09 PM

      see below

      Delete
  4. StephenSeptember 13, 2013 at 12:09 PM

    No, dollars. If it's over that you're in ripoff territory. Ebay is famous for its overage on commission. My local coin dealer charges five bucks over spot.

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    1. MattSeptember 13, 2013 at 12:31 PM

      ok gotcha and I had it backwards in my mind to begin with. Don't know why. I got one of those summertime colds like you and Harry, and the meds make me fuzzy(er) minded.


      And for any interested in my two cents on shipping, whenever possible go with UPS (big brown) not the USPS (post office). If something goes wrong with USPS you are dealing with a government agency that doesn't give a flip. And the local police are (as in my case) powerless to help. My arrest warrant for him forging my name went nowhere.

      Delete
    2. StephenSeptember 13, 2013 at 12:44 PM

      Good advice, and no sweat..

      Delete
  5. lotta joySeptember 13, 2013 at 12:15 PM

    Ah yes. Remember when I got robbed of all my weapons? He also took my hand tooled leather pouch stuffed full with ancient silver dollars. When the detectives found my pouch, they literally tossed it to me at the firehouse and I happily grabbed it, expecting WEIGHT. gone gone gone

    Since my grandpa had given me those silver dollars, I was wondering where and who I should trust to purchase silver coins. I actually read your answers to your comments. So now I know and you don't have to repeat yourself.

    I saddled the horses while you slept. I hope you're feeling up to it.

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    1. StephenSeptember 13, 2013 at 12:44 PM

      I'm almost ready to ride...if only this damn headache would leave me alone.

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  6. Harry FlashmanSeptember 13, 2013 at 12:30 PM

    Silver is good. Prices may slide up and down but over time I don't see how you can lose.

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    1. StephenSeptember 13, 2013 at 12:45 PM

      Indeed, and you can't. Gold and silver will always be worth, something.

      Delete
  7. Sandy LivesaySeptember 13, 2013 at 12:34 PM

    Stephen,

    I'm already on it my friend, thanks for the post.

    Give SW a hug from me and have a beautiful weekend.

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  8. AnonymousSeptember 14, 2013 at 3:37 AM

    Scottia has a nice 5 oz. Silver round that I really like and I can't say why. LOL I got some junk silver that is a mix of dimes, quarters and fifty cent pieces that I carry all the time. It fun to watch how people react to the difference in weight between an old pre-1964 coin and a modern coin.
    I started buying silver a few years back and all I cared about was "melt value" and I think that is a good way to start rather than collectors value on coins. But, if you like history coins can be very interesting on the difference of trade silver dollars and regular mint dollar of the late 1800's.

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  9. StephenSeptember 14, 2013 at 8:01 AM

    It is a fun hobby after you've reached your hoard limit, isn't it. I've been a silver buyer since the early 1970's, when like you, I only wanted ninety percent silver. Now, I mainly stick to the bullion pieces and old pour, and having said that realize I ordered a nice Canada Maple Leaf yesterday....its like a sickness with me. Thanks, my friend.

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