Silver Bullion or 90% which to have when the SHTF?

[Maple Leaf Steve]

One ounce silver rounds or 90% which to have when the SHTF?

Tell us what you prefer and why?

MLS

[hoarder]

One ounce silver rounds or 90% which to have when the SHTF?

Tell us what you prefer and why?

MLS
Based on today's premiums 90% would make more sense since you'd have more of them. There doesn't seem to be any question of authenticity with either one but the one ounce rounds have more potential for forgery. I own both but usually seek 90%.

[IrishGold]

See the thread http://goldismoney.info/forums/showthread.php?t=7212
for a partial answer.

[G-khan]

See the thread http://goldismoney.info/forums/showthread.php?t=7212
for a partial answer.
Started a sub forum for info on buying precious metals and a place to post any great deals you may find or have found. This should make it easier for newbies to learn where to go...


http://www.goldismoney.info/forums/forumdisplay.php?f=63

[IrishGold]

Started a sub forum for info on buying precious metals and a place to post any great deals you may find or have found. This should make it easier for newbies to learn where to go...


http://www.goldismoney.info/forums/forumdisplay.php?f=63Thank you, Thank you, Thank you!
:applause_ :ThankYou: :yippee: :woohoo: :dance: :coolbeer:

[AuNuggets]

The 90% coins will always have the advantage as far as "familiarity" is concerned. These coins are known the world over, and their silver content is never in question unless the coin is severely worn.

On the other hand, silver rounds may or may not be familiar to some people, and as I've mentioned in other posts, unfamiliarity with any monetary or trade item often results in mistrust of the item itself.

Also as others have mentioned, you are usually better off seeking out a combination of the MOST FAMILIAR form of metal with the LEAST PREMIUM involved, insuring both liquidity and maximum ounces of metal for your dollar. The 90% silver dimes or 40% silver Kennedy halves also offer the best level of divisibility in comparison to large bars or full ounce coins. It is easier to sell, spend, or trade a silver dime than a 100 ounce silver bar.... The rounds are also a purer form of metal (as are the bars) which does not bode well for durability. A scratched, marred, or damaged coin will be more difficult to sell or trade. Refining and assaying may also be concerns worth considering, but for the most part, the 90% and 40% coins are tradeable just as they are, and very few are being melted for their silver content these days as they were in mass quantities back in the late 70s and early 80s.

Another advantage to the 40% halves is that when you purchase a bag of these (currently trading at near their spot silver content), you have a built-in floor value of $1000. Your bag of coins (2000 half dollars) will always have a CASH VALUE of one thousand dollars, regardless of the silver price. Of course you have the same situation with the 90% bags, but at an initial cost of about $1880 for the 40% bag vs. $4555 for the 90% bag. Your maximum loss is effectively $880 on the 40% or $3555 on the 90% if silver were to completely tank to a value below that of the face value of the coins. If you have worries of a possible major monetary depression or deflation in the future, this is something that might be worth considering while keeping you "in the metals". The 40% gives you the option of using the coins EITHER for their silver content OR their cash value with less percentage risk of loss than any of the other precious metals coins, gold OR silver. Of course they are much more bulky on a dollar for dollar silver content basis too, but if you have the storage capabilities, they are definately worth consideration as an "insurance policy" with some advantages that other coins or bullion just don't offer.

[StreetMind]

Hi All! Short-time lurker. First-time poster.

Was in my local coin shop recently. Several guys were in there asking for 100 oz. silver bars. The owner had none to sell. When they left I offered to trade seven very nice bars for a full bag of 90%, based on some thoughts on these threads. I have developed a decent relationship with him, but he did not bite. Said he wanted to think it over. A couple of days later he politely declined. I thought he might be able to move the bars at a better premium, due to more local demand, than the bags that I know he has in his possession. My offer to him as a dealer still stands. Any comments?

StreetMind

[hoarder]

Streetmind,
Welcome to GIM. I think you were doing the right thing and the dealer would have made about one percent on the deal if he took it. Probably the best thing to do is keep them or sell to an individual, and buy 90% whenever you can afford it.

At these levels transaction costs still eat us alive, but when it explodes, it wont matter.

[IrishGold]

Hi All! Short-time lurker. First-time poster.

Was in my local coin shop recently. Several guys were in there asking for 100 oz. silver bars. The owner had none to sell. When they left I offered to trade seven very nice bars for a full bag of 90%, based on some thoughts on these threads. I have developed a decent relationship with him, but he did not bite. Said he wanted to think it over. A couple of days later he politely declined. I thought he might be able to move the bars at a better premium, due to more local demand, than the bags that I know he has in his possession. My offer to him as a dealer still stands. Any comments?

StreetMindSeems to me, I would have contacted one or more of those guys and tried to deal with them and then buy the 90% when you sell the bars.

[hoarder]

Seems to me, I would have contacted one or more of those guys and tried to deal with them and then buy the 90% when you sell the bars.

That might have pi$$ed off the dealer, asking his customers to buy your bars, but I would have done it if I could have done so discreetly.
I have used that method to buy guns at gun shows and gotten good deals.

[StreetMind]

>>Seems to me, I would have contacted one or more of those guys and tried to deal with them and then buy the 90% when you sell the bars.<<

>> That might have pi$$ed off the dealer, asking his customers to buy your bars, but I would have done it if I could have done so discreetly.<<

The thought was certainly crossing my mind. However, felt the dealer might do the deal on the spot. In the meantime, the guys had gone. In my opinion, this dealer is by far the best of four in the city. Believe the longer-term relationship may prove much more valuable than this one transaction. As was mentioned, certainly there are alternatives. Thanks for the welcome.

StreetMind

[GB1980]

I have both. Diversify is the name of the game. Make sure you have both if and when the SHTF. You never know until it happens.

[eat_beef]

MLS asking about SILVER?

What kind of alternate universe am I in? :aetsch:

Just kidding. Nice to hear from you.


:eating: beef