I have several questions regarding investing in silver and gold.?
Question by : I have several questions regarding investing in silver and gold.?
Me and my family recently got into investing in silver, and plan on investing in gold when funds allow. We have 4 American Silver Eagle coins, and plan on buying more, and I have enough money for a 10 ounce bar of silver. My investment intentions are buying silver and gold to keep as insurance for whatever may happen. I'm not worried about an apocalypse as much as my own well being (my main reason for investing), but also wanting silver if I'm left homeless, the dollar dies, the American system collapses, profiting at a later date when silver and gold are higher than today, etc. so I mostly plan on keeping the silver. My questions are:
I know there are 90% silver coins (junk silver) and people recommend you buy those for things like survival, but the inconvenience of the coins not having the silver printed or being exactly 1 ounce bothers me. Should I consider buying these coins?
I plan on moving up from bullion coins to bullion bars, and I have the cash for a 10 ounce bar of silver as of right now. Should I bite the bar, and continue on buying bars as well as coins, or should I buy bars whenever I can to avoid premiums on smaller 1 ounce coins (such as the American Eagles I have, even though I have acquired them for almost exactly spot on prices)?
My current plan is buying bullion silver coins (mainly American silver eagles, unless nice suggestions are given) until these coins are enough for gold American eagle coins then enough for gold bars (mainly 10 and 100 ounces bars). Is this a smart choice, or should I work my way to gold bars by buying silver bars exclusively or a combination of silver bars/coins?
Basically I am asking how should I move up to 10 ounce and 100 ounce (maybe even 1000 ounce) gold bar and avoiding premiums. Should I get silver coins/bars exclusively, gold coins exclusively, or through a combination of these 3 options?
All help is appreciated.
I don't know if this was clear at first, but this is a (very) long term investment. I don't really expect to sell my gold or silver unless profits are amazing (like an earlier post mentioned, it would take many decades). My main reason for investing is security, and my ultimate goal is to store gold and silver bars. However, at the light of what a poster said, I'm considering collecting coins more now. My concerns with junk silver have not been addressed, but all help is appreciated and welcomed.
Best answer:
Answer by JoeyV
Don't you think you are a little late to the gold and silver party? Find a new investment plan.
Give your answer to this question below!
2012 1oz American Silver Eagle PCGS MS70 First Strike
 | US $75.74 (5 Bids) End Date: Monday Feb-06-2012 11:02:00 PST Bid now | Add to watch list |
Q&A: Will someone make me an outfit from American Eagle to go with these shoes?
Question by Holly: Will someone make me an outfit from American Eagle to go with these shoes?
Best Answer will be chosenn (:
These are the shoes in the silver color:
http://www.ae.com/web/browse/product.jsp?catId=cat120147&productId=1415_1568
I don't know what to wear with them..Could someone make me an American eagle outfit to go with them?
Best answer:
Answer by genevieve
this tank
http://www.ae.com/web/browse/product.jsp?catId=cat380157&productId=2361_9039
these jeans
http://www.ae.com/web/browse/product.jsp?catId=cat90120&productId=0432_7687
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2012 1oz American Silver Eagle PCGS MS70 First Strike
| US $75.74 (5 Bids) End Date: Monday Feb-06-2012 11:02:00 PST Bid now | Add to watch list |
Does this have more than Silver value?
Question by : Does this have more than Silver value?
What is my silver coin worth? American silver eagle.It has a walking Liberty with sun and rays at the bottom left. The date 2004 is under liberty and In God We Trust is on the lower right side. The reverse has an eagle with open wings, with 13 stars between the wings. Around the top is says UNITED STATES OF AMERICA and on the bottom , 1 oz. fine silver-one dollar.
Best answer:
Answer by muncie birder
Somewhat more than silver value maybe about 10% due to the premium value of being a silver eagle.
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2012 1oz American Silver Eagle PCGS MS70 First Strike
| US $75.74 (5 Bids) End Date: Monday Feb-06-2012 11:02:00 PST Bid now | Add to watch list |
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