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OtherGround Forums >> .999 Silver = Best long term investment


12/28/11 8:51 PM
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SgtJustinTeplitz
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Bootsy Collins - Slight aside and off-topic but you always come across as incredibly happy-go-lucky OP. Fuck you?


Fuck me? Fuck you. I take so many meds you have no idea. Because I am a positive influence on the mixed martial arts community I suck for it?

Are you really from Ireland? Been to Shannon and it's nice.

Why the fuck do you call yourself Bootsy Collins, a happy-go-lucky guy, and piss on people's parades? You can't piss on my parade pal. Go ruin some other thread. This is for grown ups talking about bettering their financial well-being tough guy.
12/28/11 9:07 PM
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Authority Figure
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RepsOne - I'd rather invest money in iron ore until that time. Consistent returns and massive 10 year supply contracts = good tax friendly return and early retirement.


This guy understands.
12/28/11 9:17 PM
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timessquare
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Jesus I know nothing about all this! So basically now is a good time to be buying silver right?

And iron ore?....any more comments on that? How do you invest in that?
12/28/11 9:57 PM
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SgtJustinTeplitz
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timessquare - Jesus I know nothing about all this! So basically now is a good time to be buying silver right?

And iron ore?....any more comments on that? How do you invest in that?<br type="_moz" />


Now is a GREAT time to buy silver 1 ounce American Eagles for long term profitability.

I have no idea about iron ore. Any other opinions on iron ore?

Invest in silver and you'll be happy! Not sure about iron ore--opinions anyone???
12/28/11 10:29 PM
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ltlurker
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SgtJustinTeplitz - 
Doublevision - 
SgtJustinTeplitz -
FatFrenchFry - 
Doublevision - Where do you buy pure silver from? A jewelry store? <img src="/images/phone/apple.png" alt="Phone Post" border="0" style="vertical-align:middle;"/>
This.<br>But I'm guessing a jewelry store wouldn't be the best bet. <img src="/images/phone/apple.png" alt="Phone Post" border="0" style="vertical-align:middle;"/>


Definitely not. Buy .999 silver coins on eBay or at coin shops.
So a coin shop will sell me the silver coin at market price or will they bump up the price alittle bit? I got money to invest and won't mind shelling out a couple grand on silver right now <img src="/images/phone/apple.png" alt="Phone Post" border="0" style="vertical-align:middle;"/>


Only do it for long term

Buy American Eagles at 33 or Canadian Maples at 32 each

They are the best silver bullion

When they hit 100 in t minus 20 years, you = triple your investment!

Yep, coin shop or eBay


HAHAHAHA, I love when you retards come on here and shot off your investment advice! Triple your investment in 20 YEARS!!!!! HAHAHAHAHA. Thats fucking terrible. Its called the rule of 72, look it up.
12/28/11 10:32 PM
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BetJits
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SgtJustinTeplitz -
BetJits - I have a few thousand in silver doesn't take up that much space. Trust me. If you buy a couple ounces a month or when ever you get a few bucks it adds up quick. I look at it as money I would waste other wise. I buy it and forget about it, I'm long term. Hopefully in the future I will have accumulated ebough to buy some land. Agbull has some good insight on this. Hopefully he will post on this. <img src="/images/phone/droid.png" alt="Phone Post" border="0" style="vertical-align:middle;"/>


You will get the last laugh


Awesome strategy!
I look at it as if the silver price crashes then its money I would have wasted anyways. Plus its a cool hobby to. Phone Post
12/28/11 10:36 PM
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ltlurker
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One more thing for all you great investors. If silver does hit $300/ ounce in the next 20 years, your concept of money will have RADICALLY changed. Loafs of bread and gallons of milk will be $50 or more, how does your investment look now?
12/29/11 12:00 AM
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BetJits
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ltlurker - One more thing for all you great investors. If silver does hit $300/ ounce in the next 20 years, your concept of money will have RADICALLY changed. Loafs of bread and gallons of milk will be $50 or more, how does your investment look now?
It looks like I put my money in a hedge against inflation. So basically the buying power of my oz of silver then will be the same as it is now. Shit gas still is a dime a gallon. That is, a silver dime, at about 2 dollars a piece. Phone Post
12/29/11 12:09 AM
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ltlurker
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BetJits - 
ltlurker - One more thing for all you great investors. If silver does hit $300/ ounce in the next 20 years, your concept of money will have RADICALLY changed. Loafs of bread and gallons of milk will be $50 or more, how does your investment look now?
It looks like I put my money in a hedge against inflation. So basically the buying power of my oz of silver then will be the same as it is now. Shit gas still is a dime a gallon. That is, a silver dime, at about 2 dollars a piece. <img src="/images/phone/droid.png" alt="Phone Post" border="0" style="vertical-align:middle;"/>


First of all, that is a BIG if.

Second of all, you're happy if the thing you chose as a store of value breaks even???
12/29/11 12:15 AM
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SirPrize
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Where do you silver guys store your metal? Do you hide it in your house? The weight and bulk can quickly add up, especially for "junk" silver.

$1000 of silver is about 33 oz... so, about 2lbs. Junk silver is... what... about .731 silver? So, that's about 45 oz, or 2.8 lbs.

$3k of silver puts you at 8.4 lbs, and quite a lot of bulk. I know you can get creative in hiding metal, but that's a LOT to hide!

Gold may not have as much upside, but you can hide 2 gold coins pretty easily.
12/29/11 12:28 AM
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BetJits
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ltlurker -
BetJits - 
ltlurker - One more thing for all you great investors. If silver does hit $300/ ounce in the next 20 years, your concept of money will have RADICALLY changed. Loafs of bread and gallons of milk will be $50 or more, how does your investment look now?
It looks like I put my money in a hedge against inflation. So basically the buying power of my oz of silver then will be the same as it is now. Shit gas still is a dime a gallon. That is, a silver dime, at about 2 dollars a piece. <img src="/images/phone/droid.png" alt="Phone Post" border="0" style="vertical-align:middle;"/>


First of all, that is a BIG if.

Second of all, you're happy if the thing you chose as a store of value breaks even???
I'm happy if I don't loose money and it protects it. Its better the leaving it in a savings account especially if hyper inflation hits. I have other investments also that I make money on. Its called diversifying. Phone Post
12/29/11 12:31 AM
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BetJits
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SirPrize - Where do you silver guys store your metal? Do you hide it in your house? The weight and bulk can quickly add up, especially for "junk" silver.

$1000 of silver is about 33 oz... so, about 2lbs. Junk silver is... what... about .731 silver? So, that's about 45 oz, or 2.8 lbs.

$3k of silver puts you at 8.4 lbs, and quite a lot of bulk. I know you can get creative in hiding metal, but that's a LOT to hide!

Gold may not have as much upside, but you can hide 2 gold coins pretty easily.
I'm not going to say where I keep it but it really doesn't take up much space. Think of a jar of loose change that you keep. Its heavy but doesn't take up much space. Mine fits in a cigar box. Phone Post
12/29/11 12:43 AM
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MoreThanUFC
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Did this idiot OP once again claim that buying 1oz marked-up rounds was a good idea?
12/29/11 9:37 AM
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Kamikaze Emu
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For storage I'd suggest a safe. You can get a decent sized one for not a lot of money. It will also be good for keeping important documents. Get something fire resistant so you keep your goods protected if things get toasty.
12/29/11 9:52 AM
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Bootsy Collins
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SgtJustinTeplitz - 
Bootsy Collins - Slight aside and off-topic but you always come across as incredibly happy-go-lucky OP. Fuck you?


Fuck me? Fuck you. I take so many meds you have no idea. Because I am a positive influence on the mixed martial arts community I suck for it?

Are you really from Ireland? Been to Shannon and it's nice.

Why the fuck do you call yourself Bootsy Collins, a happy-go-lucky guy, and piss on people's parades? You can't piss on my parade pal. Go ruin some other thread. This is for grown ups talking about bettering their financial well-being tough guy.

Haha- relax, guy. The 'Fuck You' was tongue-in-cheek....I thought obviously so
I actually work in Shannon, right next to the airport.







Now...fuck you :)
12/29/11 10:27 AM
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SirPrize
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BetJits - 
SirPrize - Where do you silver guys store your metal? Do you hide it in your house? The weight and bulk can quickly add up, especially for "junk" silver.

$1000 of silver is about 33 oz... so, about 2lbs. Junk silver is... what... about .731 silver? So, that's about 45 oz, or 2.8 lbs.

$3k of silver puts you at 8.4 lbs, and quite a lot of bulk. I know you can get creative in hiding metal, but that's a LOT to hide!

Gold may not have as much upside, but you can hide 2 gold coins pretty easily.
I'm not going to say where I keep it but it really doesn't take up much space. Think of a jar of loose change that you keep. Its heavy but doesn't take up much space. Mine fits in a cigar box. Phone Post


Thanks. I have some with my parents, and some with me. My parents have a great hiding place. Plus, if one place gets hit, I'll still have something in the other.

Would you (and AG_bull) recommend I switch from junk silver to .999 silver on future purchases?
12/29/11 11:08 AM
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SirPrize
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Do you guys buy gold/silver online, like through APMEX? If so, are you concerned about leaving a paper trail that might lead to confiscation in the future?
12/29/11 12:07 PM
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MoreThanUFC
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Yes, buying online is safe, but you need to be buying at least 150 oz at a time to take delivery. Learn the Nucleo Exchange on BullionDirect.com. They will hold your silver until you get to a level that makes sense to pay the S&H.

And stay the fuck away from rounds!

Junk silver is fine as long as the coins are really beaten up. Have you checked coinflation.com, SirPrize?

12/29/11 12:35 PM
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AG_bull
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BetJits - 
SgtJustinTeplitz -
BetJits - I have a few thousand in silver doesn't take up that much space. Trust me. If you buy a couple ounces a month or when ever you get a few bucks it adds up quick. I look at it as money I would waste other wise. I buy it and forget about it, I'm long term. Hopefully in the future I will have accumulated ebough to buy some land. Agbull has some good insight on this. Hopefully he will post on this. <img src="/images/phone/droid.png" alt="Phone Post" border="0" style="vertical-align:middle;"/>


You will get the last laugh


Awesome strategy!
I look at it as if the silver price crashes then its money I would have wasted anyways. Plus its a cool hobby to. <img src="/images/phone/droid.png" alt="Phone Post" border="0" style="vertical-align:middle;"/>



Some people like to read the charts and time the market, honestly im never really good at this and dont really spend too much time thinking about it. My theory is when silver gets to 100+ am i really going to care too much if i got it at $28.62 or $31.44 ???

I think for the average person the strategy you mentioned makes the most sense, dont pull the trigger all at once because your 99% chance of timing it wrong, look for small entry points (like right now) and buy with 10-20%. Buying a little at a time will help you build confidence in PM's as the price goes back (whenever it starts to climb again).

just my 2cents


BetJits - 
ltlurker -
BetJits - 
ltlurker - One more thing for all you great investors. If silver does hit $300/ ounce in the next 20 years, your concept of money will have RADICALLY changed. Loafs of bread and gallons of milk will be $50 or more, how does your investment look now?
It looks like I put my money in a hedge against inflation. So basically the buying power of my oz of silver then will be the same as it is now. Shit gas still is a dime a gallon. That is, a silver dime, at about 2 dollars a piece. <img src="/images/phone/droid.png" alt="Phone Post" border="0" style="vertical-align:middle;"/>


First of all, that is a BIG if.

Second of all, you're happy if the thing you chose as a store of value breaks even???
I'm happy if I don't loose money and it protects it. Its better the leaving it in a savings account especially if hyper inflation hits. I have other investments also that I make money on. Its called diversifying. <img src="/images/phone/droid.png" alt="Phone Post" border="0" style="vertical-align:middle;"/>


Over the long run the buying power or Gold/Silver remains constant, meaning current $30silver = $3 for a loaf of bread and over a long enough period of time $300 silver = $30 loaf of bread i agree since things play "catch up" but
all assets move in cycles from over valued to under valued.

As an example lets compare Gold/Silver VS House/property. if you look back over 100years the average is say 1000oz = 1 house. But as we all know the housing market was artifically over inflated and deviated from its true price, during the 90's the goverment messed with the markets and drove the prices of realestate up. everyone was making money on houseing (while PM's dropped). At the peak of the housing bubble it probably cost 2000oz+ silver to buy the average house.

Fast forward to today, commodities are back on the rise (primarily due to the goverment/spending messing around). The housing market is on the decline while PM's are rising.

So over the long term (high level - century), yes everything averages out. but in the short term (year/decade level) assets change in relation to each other. This presents opportunities to make/lose money by switching between assets. Buy low sell high, find when assets are undervalued (vs historical average) and buy into them, swap when they become over valued.

I have no love for silver, its a metal that i will use until it becomes overvalued, then i will swap it for another asset (that is now undervalued). Same as when buying, my exit strategy from silver will be a little at a time since trying to predict the exact top is almost impossible. There are market indicators to point out what might be a good time that you can reference.

1)silver:gold ratio i will swap some at 25:1, 20:1, 15:1, lower than 15:1 might happen
2)home to PM ratio - 500oz:per house good time to swap
3)dow to gold ratio -current 6-7:1 traditionally 1:1 is a good time to swap

again, just my 2 cents.
12/29/11 12:44 PM
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AG_bull
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As for talk of other commodities, Iron, copper, etc.

Im sure there is money to be made in those markets if you know what your doing. They are metals but not PRECIOUS METALS. Gold/Silver hold a special spot as they were seen as MONEY at one point so if/when SHTF a there is a global currency crisis (which i believe there will be in the not too distant future) these two will once again be seen as the safe have asset.

Everyone will rush to them like a game of musical chairs and the price will skyrocket. Other commodities will probably do well also but not even in the ball park.

I dont think even Platinum/Paladium will see the gains of Gold/Silver.

So is there money to be made in Copper/Iron, yes. There is money to be made in T-Bills, forex trading, chickens, corn, pork, oil etc ... i dont think any of it should be brought into a conversation dealing with silver (or gold) as it will only blur the waters.
12/29/11 12:55 PM
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Authority Figure
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AG_bull - As for talk of other commodities, Iron, copper, etc.

Im sure there is money to be made in those markets if you know what your doing. They are metals but not PRECIOUS METALS. Gold/Silver hold a special spot as they were seen as MONEY at one point so if/when SHTF a there is a global currency crisis (which i believe there will be in the not too distant future) these two will once again be seen as the safe have asset.

Everyone will rush to them like a game of musical chairs and the price will skyrocket. Other commodities will probably do well also but not even in the ball park.

I dont think even Platinum/Paladium will see the gains of Gold/Silver.

So is there money to be made in Copper/Iron, yes. There is money to be made in T-Bills, forex trading, chickens, corn, pork, oil etc ... i dont think any of it should be brought into a conversation dealing with silver (or gold) as it will only blur the waters.


Those "other metals" power virtually every machine, phone, device, home appliance, car, garage tool you have ever or will ever own. lol

There's a tremendous amount of money to be made in commodities trading, if you know what you're doing. The idea that "precious metals" carry more profit is uninformed.

One of the posters mentioned the obvious - these value projects don't take into account inflation. And they are pretty ambitious. In fact, here's my challenge. Post a SCANNED document proving showing your earnings over last 10 years. I'll give you a day or two.
12/29/11 1:05 PM
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AG_bull
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MoreThanUFC - Yes, buying online is safe, but you need to be buying at least 150 oz at a time to take delivery. Learn the Nucleo Exchange on BullionDirect.com. They will hold your silver until you get to a level that makes sense to pay the S&H.

And stay the fuck away from rounds!

Junk silver is fine as long as the coins are really beaten up. Have you checked coinflation.com, SirPrize?



my theory is buy a base first (junk silver), something that can easily be traded and recognized.

then move up to 1oz .999 coins (Eagles or Maples) for as cheap as possible over spot. These are easily recognizable so you will be able to off load them quickly if the need should ever come. Everyone know's what a government coin should look like so there wont be worry of fake silver when it comes to sell. There is little to no paper trail on these.

once you get to the 300-500oz level if you want to lower the price move up to 5-10oz bars. 5oz/10oz bars are lower in price to 1oz coins but less recognizable, these will take longer to off load and you might have to sell for a discount depending on how fast. There is less of a market for these. There will probably be slightly more of a paper trail when dealing with these.

If your stack gets over 1000oz you can start getting the 100oz bars because you've built a good enough base and the price per oz will be cheaper. There is even less of a market for these but bigger dealers will take them as well as local coin shops, it might require shopping around. Also if silver does reach $100/oz that 100 bar = $10,000 so suddenly counter fitting becomes a serious issue. LOTS more of a paper trail on these items.

As for selling do it in reverse order to buying obviously.

I also agree that buy in orders of 100oz+ so the shipping price doesn't kill your bottom line.
12/29/11 1:14 PM
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SirPrize
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MoreThanUFC - Yes, buying online is safe, but you need to be buying at least 150 oz at a time to take delivery. Learn the Nucleo Exchange on BullionDirect.com. They will hold your silver until you get to a level that makes sense to pay the S&H.

And stay the fuck away from rounds!

Junk silver is fine as long as the coins are really beaten up. Have you checked coinflation.com, SirPrize?



Why should you stay away from rounds?

(I bought a few, but mostly I have junk silver, because I think you get more silver for your money that way.)

Yes, Coinflation.com is a great site.
12/29/11 1:29 PM
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AG_bull
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Those "other metals" power virtually every machine, phone, device, home appliance, car, garage tool you have ever or will ever own. lol


Cool, never said they didnt. By the way Silver does all of that also but above ground supplies have been constantly depleting VS other metals. This fact + Simple supply/demand fundementals should force the price of silver up i would think.

Looks like we are in agreement so far.


There's a tremendous amount of money to be made in commodities trading, if you know what you're doing.


almost exactly what i said, glad to see we are thinking so alike!


The idea that "precious metals" carry more profit is uninformed.


As for PM more profit i would say they have higher highs/lower lows allowing for more of an opportunity to make money. I have a feeling you will pull some random 3month corn/wheat chart to show how i am wrong. I wont argue you on this point, rather suggest you discuss it on a different commodities post instead of this ".999 Silver = Best long term investment" SILVER thread.


One of the posters mentioned the obvious - these value projects don't take into account inflation. And they are pretty ambitious. In fact, here's my challenge. Post a SCANNED document proving showing your earnings over last 10 years. I'll give you a day or two.


Not sure if this was directed at anyone pro-silver (or just me?) but i will respond. I wouldn't ask you to prove your point by posting your personal private financial statements on a public forum as 1) im sure you wouldn't and 2) if you did you are a fool that is easily baited.

I offer my advice, i dont lie and try to give what i believe to be the truth on the matter, i state what i personally do, i site my sources which are up for debate.

In terms of anyone investing it is up to the individual to do their own due diligence before acting. Dont trust what anyones say on face value, be cautious of what might be peoples motive/angle when they suggest something. Research and question as well as dig into the facts.

12/29/11 1:53 PM
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BetJits
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If you Google silver town they are a reputable mint and right now they have free shipping on junk silver and their one ounce through ten ounce bars. The mark up isn't bad and you're not paying tax so it evens out. I started out with junk and went to rounds and government mints. The rounds I used to trade for gold. I have a few bars too. Junk silver is nice if you are near a coin shop because you can say pick up a minimum of a quarter or half dollar a week and go from there. The guy I buy from sells junk at spot, rounds ( including maples and my favourite libertatds) a dollar over, and ase for just 2 over spot. I haven't heard of any other place this cheap. He buys back at almost spot too. Phone Post

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