[quote=The-Shoveler]You don’t seem like a money metal person flu LOL.
Anyway I have been buying a little silver below $15.
I don’t think I would put more than a few percentage into it myself but that is just me, (maybe if it gets below $10 I would be willing to add more aggressively).[/quote]
Lol. I did buy silver at around $0.86/ounce above spot prices but the problem is most of the silver isn’t legal tender, so I’m thinking it’s value is completely dependent on how the metal does (which frankly I think it’s going to go up from here on out). Most of which would be around melt value.
What was appealing to me about the coins from the Canadian mint is that they are legal tender so they are at least worth the face value of what is printed on the coin. Andthey can be bought at face value, unlike say a 1 ounce gold coin with a $50 face value but costs $1300!!! Whatever appreciation happens in silver would be a nice to have. Not to mention the coins look pretty cool. The actual silver content is about 1/4 of an ounce (7.96 grams of 99.99% pure silver.) So… purely from a cost per ounce perspective, it’s way over spot….
So for example , if silver prices crashes and burns, I could still spend the $20CAN that I bought with $20CAN say at Whistler when I go there to ski 🙂
And yeah, I had to talk to the banks and get some safe boxes. Storing silver is a pain sort of.
