I stopped buying silver bullion coins. This is why
Hello dear viewers 🙂 In today’s video we will be talking about the very interesting precious metal silver! Silver is one of the most important metals for our economy all around the world, yet the price of physical silver is very low compared to how useful silver is. So today we will talk about aspects of this amazing precious metal, how you can invest in it, if you want to do that. Silver coins and bars are usually best suited for investment purposes. Eventhough I like silver and have had a lot of experience over the years, none of this information that I share with you in my videos is financial consulting in any way and you should always do your own research as I’m just stating my opinion.
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I still plan on buying silver bullion
Silver bullion is a very widely stretched term, me too, just not the ones that have horrendous markups and no limited mintage. I don’t see the point at the moment, but I will continue buying them if that markup goes away. Thanks for watching 👍👍👍😊
☝️☝️ᴛʜᴀɴᴋꜱ ꜰᴏʀ ʏᴏᴜʀ ꜱᴜᴘᴘᴏʀᴛ, ʟᴇᴛ’ꜱ ᴛʀʏ ꜱᴏᴍᴇᴛʜɪɴɢ ɴᴇᴡ ɪɴ ᴛʜᴇ ᴄʀʏᴘᴛᴏ ᴍᴀʀᴋᴇᴛ. ꜱᴇɴᴅ ᴀ ᴛᴇxᴛ ᴏɴ ᴡʜᴀᴛꜱᴀᴘᴘ ꜰᴏʀ ᴍᴏʀᴇ ɪɴꜱɪɢʜᴛꜱ
@Scrapping Adventures I try to collect the limited mintage in a series.
@Silver Scorpion Yes, that makes the most sense for sure, a full set is worth a good amount more than just the coins by themselves.
Good video. I buy both.
Thanks, glad you liked it 👍👍😃 Of course, I would probably continue to buy both as well, but I’m good on bullion coins, I’ll continue with numismatics now 😊
I’ve seen a few videos on this subject.
I think your on the right track.
Ethier way your getting your stack bigger
Wealth preservation 💥 👍
Exactly, we can’t get everything right, but we can try our best 👍😃
if anything one should invest on is money market (USD Index) for short-term profits
As far as FED is increasing interest rates to control inflation – commodity markets like copper, aluminium, gold, silver may not observe surprising rate hikes.
Well, probably not, I thik you are right about that, but that’s not really the point of silver. The point of silver is to have something that is always worth something and that protects you from financial crisises. Besides that, some of the coins I bought in 2020 have tripled in value by now. I doubt that any stock market will do that any time soon to be honest, so I’m pretty happy with it 😊
@Scrapping Adventures you are right about value of silver getting 300% from 2020 and that silver is relatively a good, secure investment. However what i said was in regard to quick payoffs like in 2021 crypto was getting your initial investments 10x.
“Silver” didn’t get that much in value increase, stayed pretty stable, it’s some coins that went up a lot in collectors vale, that’s my point. Yeah, crypto, sure, i guess. Would take a lot for me to invest any kind of money into stuff like that, like, physical force for example 😅 Certainly won’t put any money into crypto voluntarily.
Thanks. 🤗
You’re very welcome, thanks for watching 👍👍👍😊
Buy junk silver, or junk bullion, the trash premiums on the high end “collectible” bullion coins is beyond sensible.
I will be buying gold, working towards ounces to keep the premiums to a minimum.
As for silver whatever is the cheapest.
Not a collector, Am a stacker! Long term investment!
I think that highly depends on one’s definition of “bullion”. For me, collectible coins are not bullion, but in general, they probably are. The words collectible and bullion just kinda clash for me, so I tend to refer to them as different things. Collectible coins where the only thing one could make good money with silver coins for a long time, my stack would be less than half of its current size if it weren’t for collectible coins that I bought a lot of and sold at a later date. The value increase of those coins is incredible, some of the ones I bought in 2020 have more than tripled in value and I sold a good chunk of them. The ones that I still have now where completely free because of the profit of the ones that I sold. So there certainly is a mayor difference between the useless markup on unlimited bullion coins, that don’t have any collectors value and the markup on collectible coins that can make someone incredible amounts of money in a very short period of time. Lots of stuff to consider. Thanks for watching 👍👍👍😊