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Silver coins.Government issued bullion.2014 Horse Privy British Britannia lot of 10 $18.97 / oz ($1.49 over spot) troy ounce

mmslogic 201 80 September 30, 2014 at 08:18 AM in Finance (3)
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Last Edited by mmslogic September 30, 2014 at 08:24 AM
JM Bullion is offering the 2014 Horse Privy British Silver Britannia for $1.69 over spot. The price will flutuate over the day, but this is a great price for a Government issued coin. You must send a paper check or money order for this deal. Credit card charges are a little more.

http://www.jmbullion.com/2014-hor...ia-lot-10/

You have to buy them in lots of 10.
Yes, you can get bullion rounds or bars for a few cents cheaper, but for an actual coin this is great.


It's $1.69 over spot, not $1.49, sorry. $1.49 over spot is for monster boxes of 500 coins.
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#2
These are harder to sell or would get back less in premium when compared to the American or the Canadians right?
Considering premium paid at purchase at $2.99, this is good price.

Now question is how low will the price of silver go?
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Last edited by Sharpey September 30, 2014 at 10:04 AM
#3
im a noob

where do you sell these after making a profit?
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#4
Quote from chris83190 View Post :
im a noob

where do you sell these after making a profit?
I've sold them to other people who want to buy, you can sell to local shops, or you can sell them back to where you bought them (albeit at a lower profit).

I personally like to hoard them in piles and talk like a pirate.

Quote from Sharpey View Post :
These are harder to sell or would get back less in premium when compared to the American or the Canadians right?
Considering premium paid at purchase at $2.99, this is good price.

Now question is how low will the price of silver go?
I would say "yes", however we are talking cents, not dollars.
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Last edited by mmslogic September 30, 2014 at 10:07 AM
#5
What is the purpose of these?

If you want to invest in silver why not just put your money into an index fund like NYSEARCA: SLV instead of paying a premium for coins?
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#6
Quote from chris83190 View Post :
im a noob

where do you sell these after making a profit?
No where. The only reason to buy silver right now is if you want to lose money. Silver has been in a downtrend in the last couple of years. Silver is down again today. In a strong dollar, and getting stronger, low inflation enviornment, silver will continue to go down. So if it's a profit you want, silver/gold is not where you want to be.
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#7
Quote from sunnysidescape View Post :
No where. The only reason to buy silver right now is if you want to lose money. Silver has been in a downtrend in the last couple of years. Silver is down again today. In a strong dollar, and getting stronger, low inflation enviornment, silver will continue to go down. So if it's a profit you want, silver/gold is not where you want to be.
Beat me to the post, silver is on a downtrend. I love to horde silver, but most of mine was bought at under $5/ounce. If it ever gets there again i sure will be buying again
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#8
Quote from sunnysidescape View Post :
No where. The only reason to buy silver right now is if you want to lose money. Silver has been in a downtrend in the last couple of years. Silver is down again today. In a strong dollar, and getting stronger, low inflation enviornment, silver will continue to go down. So if it's a profit you want, silver/gold is not where you want to be.
You don't buy silver to look at the price tomorrow...Its still a viable investment long term and also gives you something tangible to hold...not a piece of paper!
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#9
And the debate rages on!
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#10
Quote from cousinvinnie View Post :
Beat me to the post, silver is on a downtrend. I love to horde silver, but most of mine was bought at under $5/ounce. If it ever gets there again i sure will be buying again
Getting to $5/ounce is wishful thinking! That's like wishing oil will get back down to $2 a gallon. Don't think that's gonna happen anytime soon! Its more likely to reach $20 before going down to $5 but its true that silver is on a downward trend...but as we know...trends don't always last so at some point the trend will go back up. Around $13-$14 is what I think Silver price can bottom at!
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#11
Quote from hmongsda View Post :
You don't buy silver to look at the price tomorrow...Its still a viable investment long term and also gives you something tangible to hold...not a piece of paper!
But it's not. Look at the long term, and I mean long term, price of silver. It's a flat line. It's not an investment. It's a hedge.

I can also hold a rock. That doesn't mean it's worth anything. If the economy gets so bad that paper money isn't worth anything, then a can of beans will be worth more than a bar of silver. You can't eat silver.
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#12
Quote from sunnysidescape View Post :
But it's not. Look at the long term, and I mean long term, price of silver. It's a flat line. It's not an investment. It's a hedge.

I can also hold a rock. That doesn't mean it's worth anything. If the economy gets so bad that paper money isn't worth anything, then a can of beans will be worth more than a bar of silver. You can't eat silver.
How will you get that can of beans....without silver? If money goes worthless, silver will be worth much more!!!
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#13
Quote from hmongsda View Post :
How will you get that can of beans....without silver? If money goes worthless, silver will be worth much more!!!
Ah.. how will you get that silver? You can get can beans the same way. Buy beans now, not silver.

Look at history, silver/gold aren't really worth anything once the poop hits the fan. Because when it does, it's not worth anything. You can't do anything with it. Silver/gold have their value before the poop hits the fan. So the reason many people buy silver/gold doesn't hold. In the end, silver is no different than paper money. It's just a basically worthless object people have arbitrarily decided to put value on. The value is no in the object, it's in the worth people place in the market. That's called an economy. Some people put that worth towards jade, shells and walnut shells. Can't eat any of those either.
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#14
Fill these up in a grain silo and jump in like Scrooge McDuck lol!
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#15
Quote from sunnysidescape View Post :
Ah.. how will you get that silver? You can get can beans the same way. Buy beans now, not silver.

Look at history, silver/gold aren't really worth anything once the poop hits the fan. Because when it does, it's not worth anything. You can't do anything with it. Silver/gold have their value before the poop hits the fan. So the reason many people buy silver/gold doesn't hold. In the end, silver is no different than paper money. It's just a basically worthless object people have arbitrarily decided to put value on. The value is no in the object, it's in the worth people place in the market. That's called an economy. Some people put that worth towards jade, shells and walnut shells. Can't eat any of those either.
Ridiculous...That can of bean now can spoil in a few years. Silver will never go worthless...that's why you get it now while you can...not when the poop hits the fan. There are industrial use of silver as well as many other use of it like medicinal, but that's really besides the point. Silver/Gold is down because of the strong dollar. A weak dollar means their value will rise...to say they are worthless once the poop hits the fan...that's a baseless theory. "In the end, silver is no different than paper money"....That's totally incorrect according to what's happening with the silver/gold market.
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