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Can anybody give me some silver advice?

Hey Y'all,

I am slightly confused right now and I know somebody here can give me an answer.

I bought silver Eagles which everyone knows contains 1oz. pure .999 silver...at an average rate of $21.00-$24.00 on Ebay...

Morgans, which contain 90% silver are running at a higher price...But have collector value depending on the grade...

So, I'm confused as to which would be the better long term investment?



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Be Flexible

Other posters here have covered the advantages of small pieces of "junk" silver (Mercury Dollars &c.) and the therapeutic advantages of purer grades (.999 or finer), but your question specifically asked about INVESTMENT. I'll get to that.

For INSURANCE, in the event of a monetary meltdown and possible infrastructural collapse, you'll want a variety of sizes for day to day commerce. Easier to make change with silver dimes and quarters than trying to take a hacksaw to your one ounce eagles. Also, in addition to a good variety of silver and gold pieces you'll want a good supply of clean water, high test hootch, toilet paper, canned goods, firearms, and ammunition.

For INVESTMENT, in the event that the American people come to their senses before the Federal Reserve implodes and the bubble pops, high quality numismatic pieces are a better bet. Choice Morgans generally perform better than either stocks or specie.

Bottom line: DIVERSIFY! When it comes to insurance, we should always hope that we are wasting our time and money, but we dare not risk it. It's always better to have and not need than to need and not have. Getting ready two years too soon is vastly superior to trying to get ready two minutes too late.

Viva Agora!
Professor Bernardo de la Paz
www.citizenduquesne.org

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In the event of a crash..

In the event of a crash.. Silver is Silver and that's all that it will be worth.

I like the .999 rounds as well as junk silver. It will be hard to get change for a $3.00 loaf of bread with a $20.00 round. At least having the junk silver will allow for smaller purchases or trades.

Depends

If you are purchasing silver in case of a dollar collapse or a weakening economy, you are best buying American Eagles (pure silver) or "junk" silver coins like old quarters and dimes. My thought is that they will be the most likely forms to be readily traded for goods as they will be a known quantity (known silver content and purity). These are also the cheapest forms for purchasing. While there will probably always be collector premiums for certain coins, it might be harder to find buyers in the depressed economy when you simply want to be able to purchase food at the store. Stores would be more likely to accept silver dollars or quarters as direct payment. Just a thought.

Myself

I think the 90% silver bags are the Best if you are trying to get in close to spot, and my second choice is Silver Eagles (Hard to get now). It is obvious that Silver Eagles are more desirable from what you see them selling for. Silver Eagles will always be the most desirable coin to own and they will always demand a premium when you buy, and when you sell.

All silver is good to get into now...ALL, the price now is cheap to where it is going...

My 2 cents.

do not buy yet...

the market is signaling a pull back in the dollar(to the upside) because of the threat from the G7's. the dollar will rise for three days...just before the 3rd day pull the trigger. buy the silver eagles...they are almost pure silver and cannot be taxed since they are legal tender. gold will be doing the same thing...so wait on it too. grain and ag commodities are the only safe bet right now since it is our only economical weapon against oil countries and the chineese banker holding our head in a sling...it is our blackmail weapon right now...food. the only 2 things holding up today in the market are 1-fertilizer companies, and 2- direct trading of grains...everything else has not held up. except for oil that is....gonna be a long financial war.

2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.

So are you saying to

So are you saying to purchase silver on Thursday, April 17, 2008? Or maybe on Wednesday?

Trade with all nations; alliances with none. ~Thomas Jefferson

“Paper money eventually returns to its intrinsic value - zero”. Voltaire-1729
www.4HUTS.com

yes...in a couple of days...

the dollar is going to rebound for a couple of days and depress gold,silver, and the commodities for a few more days...then buy. interestingly...brazil oil and silver did the best today...but the US silver markets lost again...

2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.

I'm sorry...this is new

I'm sorry...this is new for me...shouldn't I buy while silver is depressed (and cheaper?..)..or do you mean that the price will drop further and that's when i should take advantage?

Silver prices will drop a little bit...

further...for a few days...then buy. silver markets are not making much sense anyway right now...heh...for it has not gone up with gold the way it should have. that is why i'm buying grains. gold is being sold right now by the IMF to give the dollar a break from falling. that is why the dollar will rise for a few days...and metals will stay the same or fall for a couple of days... be ready to buy though...

2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.

Thank you. I hope you post

Thank you. I hope you post on the DP when you think we should purchase more silver. That would be a great help.

I have already purchased silver eagles and I want to purchase more. I started back in January and try to get some when I have cash on hand.

I wish I could purchase more, but I have to pay the illegal IRS. Yes, I live in fear of them.

Trade with all nations; alliances with none. ~Thomas Jefferson

“Paper money eventually returns to its intrinsic value - zero”. Voltaire-1729
www.4HUTS.com

hope you find some silver eagles...hard to come by...

be blessed...

2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land.

totally off the wall valuation idea here

I consider my silver the "ultimate" investment due to it's medical properties, for which a 90% silver coin is far inferior. Have you heard ot the new "superbug" MRSA (mer - suh)? Know what they treat it with? Silver.

Truth exists, and it deserves to be cherished.