Anyone buy silver bars?

1 oz. bars are going for about $22.00 right now. I have some cash on hand and am considering buying a pile as an investment as I have room in my safe deposit box. Does anyone know of a reputable dealer in West Michigan? I would rather buy in person than mail order from one of the big on-line sites.

If nothing else they can be melted down into silver bullets.

LoneWolfSparty wrote:If nothing else they can be melted down into silver bullets.

Yes, part of the plan is casting 18 of them for the G17 in case I run into a werewolf. I will have to be careful though because my ex-wife reminds of werewolf and I don't want to go to prison.

Just remember that this is speculation and not investment.  Be prepared to sell at some point in the future when prices are higher.  Having physical custody of precious metal as a long term investment isn't really a sound strategy.  Who will buy your metal?  How will it get to that person?  How much will it cost you to store it?  What's the future market?  Ultimately, if you are investing in corporations that deal in a precious metal over the short term (or "shares" of gold or silver) you are more likely to make a profit.  However, my point is that you are assuming a lot by buying the physical metal and holding on to it.  In my opinion, it's not a great long-term strategy.

Great way to get away from capital gains taxes if you ask me. Deal in cash transactions only. **** the feds.

tTy wrote:Great way to get away from capital gains taxes if you ask me. Deal in cash transactions only. **** the feds.

Especially because Obama is a jackass!

tTy wrote:Great way to get away from capital gains taxes if you ask me.  Deal in cash transactions only.  **** the feds.

I just had a vision of you rolling up on a car dealership with a backpack of silver bars and a 30 pack of miller lite in tow.

Rocinante wrote:Just remember that this is speculation and not investment.  Be prepared to sell at some point in the future when prices are higher.  Having physical custody of precious metal as a long term investment isn't really a sound strategy.  Who will buy your metal?  How will it get to that person?  How much will it cost you to store it?  What's the future market?  Ultimately, if you are investing in corporations that deal in a precious metal over the short term (or "shares" of gold or silver) you are more likely to make a profit.  However, my point is that you are assuming a lot by buying the physical metal and holding on to it.  In my opinion, it's not a great long-term strategy.

All of my money is in mutual funds, I was thinking I can diversify a little by putting away a few grand in bullion, which would be a small portion of my portfollio. Seems like it would be good to barter with if the economy collapses.

Rocinante wrote:

I just had a vision of you rolling up on a car dealership with a backpack of silver bars and a 30 pack of miller lite in tow.

We don't handle Lite 30 packs brah...

tTy wrote:Great way to get away from capital gains taxes if you ask me.  Deal in cash transactions only.  **** the feds.

Yeah, there's no sales tax when you buy it and no capital gains when you sell.

tTito wrote:

All of my money is in mutual funds, I was thinking I can diversify a little by putting away a few grand in bullion, which would be a small portion of my portfollio. Seems like it would be good to barter with if the economy collapses.

Okay... assuming there's a need for silver in this theoretical collapsed economy. I mean do what you want, I just think it's locking up liquid capital with no real idea of gain.

tTito wrote:

All of my money is in mutual funds, I was thinking I can diversify a little by putting away a few grand in bullion, which would be a small portion of my portfollio. Seems like it would be good to barter with if the economy collapses.

Don't buy paper silver/gold. Those motherfuckers don't have physical custody of the fuckin metal. If you are buying PM's solely for diversification in case of global meltdown, buy physical and just hold onto it.

Ask THE Monkey. He = tinfoil hat king of the PM crazies, and I say that with all due respeck.

tTito wrote:

Yeah, there's no sales tax when you buy it and no capital gains when you sell.

If they ask for a your name = Steven F. Bee, obv....

Rocinante wrote:

Okay... assuming there's a need for silver in this theoretical collapsed economy.  I mean do what you want, I just think it's locking up liquid capital with no real idea of gain.

Well, then let me ask you this, what would you do if you wanted to invest in something other than the stock market and had $4,000 burning a hole in your pocket?

tTito wrote:

Well, then let me ask you this, what would you do if you wanted to invest in something other than the stock market and had $4,000 burning a hole in your pocket?

Casino. Suicide rollover on red at the roulette table three times, then walk.

tTy wrote:

Don't buy paper silver/gold.  Those motherfuckers don't have physical custody of the fuckin metal.  If you are buying PM's solely for diversification in case of global meltdown, buy physical and just hold onto it.

Ask THE Monkey.  He = tinfoil hat king of the PM crazies, and I say that with all due respeck.

Are you saying LWS is into bullion? Who is THE Monkey?

tTito wrote:

Are you saying LWS is into bullion? Who is THE Monkey?

LWS is not into bullion as far as I know, but it sure would be funny to get on another IRS watch list.

THE Monkey is former poster "Monkey" from the olden days....

I don't buy silver bars; I buy gay bars.
Well, maybe not so much buy as rent. Okay, maybe not so much rent as visit. Alright, maybe not so much visit as hang out in.
What was the question?

tTito wrote:

Well, then let me ask you this, what would you do if you wanted to invest in something other than the stock market and had $4,000 burning a hole in your pocket?

I don't know. With 4G, if the market was out of the question, I'd probably just shore up some debt. Anything besides the market is not going to give you mush of a return over the short term. Again, if you have a plan for how you're going to unload the product, and there's not a huge commission on that process, go for it. But watch the price fairly attentively.

tTito wrote:

Rocinante wrote:

Okay... assuming there's a need for silver in this theoretical collapsed economy.  I mean do what you want, I just think it's locking up liquid capital with no real idea of gain.

Well, then let me ask you this, what would you do if you wanted to invest in something other than the stock market and had $4,000 burning a hole in your pocket?

In the theoretical collapsed economy, $4k in any precious metal isn't going to make much difference either way. $4k in non-perishable food would end up far more valuable than a hunk of metal. Is it really worth the hassle of buying it, and then selling it at some point? It'd be a neat conversation piece, but not sitting in a safety deposit box.

Don't buy silver bars. With $4,000 you could buy three gold 1 oz coins.  Takes up far less room. Easy to store.  Larger market. Saleable anytime, anywhere, trades dollar for dollar at the price of an ounce of gold.
Double eagles, maple leafs.

If all hell breaks loose, stick them in your pocket and run.

I have a chess set I bought in Bolivia with crude hand-carved silver pieces (the silver surely lifted from the nearby silver mine). I always kind of figured it's probably worthless, but maybe not. The pieces are maybe 1.5-2" tall. Can you please compute the value of this for me? Kthxbai

Johnny Alpamayo wrote:I have a chess set I bought in Bolivia with hand-carved silver pieces (the silver surely lifted from the nearby silver mine). I always kind of figured it's probably worthless, but maybe not. The pieces are maybe 1.5-2" tall. Can you please compute the value of this for me? Kthxbai

Do you suck at the mathing or somsing?

20-ish bucks per oz of silver + any intangible added value of it being a faggy chess set and shit...

Or, just put it on ebay and find out.

Heat Miser wrote:

In the theoretical collapsed economy, $4k in any precious metal isn't going to make much difference either way. $4k in non-perishable food would end up far more valuable than a hunk of metal. Is it really worth the hassle of buying it, and then selling it at some point? It'd be a neat conversation piece, but not sitting in a safety deposit box.

I already have a one year supply of Mountain House food for the 4 of us (30 year shelf life) plus 500 lbs of beans, rice, oats etc... vacuum sealed in mylar bags with oxygen absorbers in 5 gallon pails. I also have 2 water filters, Coleman stoves with 30 gallons of fuel, hi-end sleeping bags about 10,000 rounds of ammo. Just looking cover all bases.

tTy wrote:

Do you suck at the mathing or somsing?

20-ish bucks per oz of silver + any intangible added value of it being a faggy chess set and shit...

Or, just put it on ebay and find out.

Lol. I either suck at mathing, or just never cared.

Hey OP, I'll sell you a faggy silver chess set for $4k. We have a deal or what?

PreMadonna wrote:Don't buy silver bars. With $4,000 you could buy three gold 1 oz coins.  Takes up far less room. Easy to store.  Larger market. Saleable anytime, anywhere, trades dollar for dollar at the price of an ounce of gold.
Double eagles, maple leafs.

If all hell breaks loose, stick them in your pocket and run.

I can see where a one ounce gold coin would make a splash in a predicament.

tTito wrote:

I already have a one year supply of Mountain House food for the 4 of us (30 year shelf life) plus 500 lbs of beans, rice, oats etc... vacuum sealed in mylar bags with oxygen absorbers in 5 gallon pails.  I also have 2 water filters, Coleman stoves with 30 gallons of fuel, hi-end sleeping bags about 10,000 rounds of ammo. Just looking cover all bases.

That's the stuff that would be worth something in the theoretical collapsed economy. Buy more of that stuff and you'll be king of your own fiefdom.

Johnny Alpamayo wrote:

Lol. I either suck at mathing, or just never cared.

Hey OP, I'll sell you a faggy silver chess set for $4k. We have a deal or what?

Sounds like something Bobby T-Bag Sak would be interested in.

dude, if you already have all that shit and a bug out plan to boot, buy some fucking phyzz and enjoy it. It is kinda cool just to have laying around to be honest with you.

tTito wrote:

Sounds like something Bobby T-Bag Sak would be interested in.

Bobby Sak would NOT purchase silver taken out of the world’s most dangerous mine. He's only interested in non-GMO silver grown organically where no mammals were harmed in the making of it.

tTito wrote:

I already have a one year supply of Mountain House food for the 4 of us (30 year shelf life) plus 500 lbs of beans, rice, oats etc... vacuum sealed in mylar bags with oxygen absorbers in 5 gallon pails.  I also have 2 water filters, Coleman stoves with 30 gallons of fuel, hi-end sleeping bags about 10,000 rounds of ammo. Just looking cover all bases.

Please be joking.

Johnny Alpamayo wrote:I have a chess set I bought in Bolivia with crude hand-carved silver pieces (the silver surely lifted from the nearby silver mine). I always kind of figured it's probably worthless, but maybe not. The pieces are maybe 1.5-2" tall. Can you please compute the value of this for me? Kthxbai

She sounds strong, and may be a thief.

tTito wrote:

I can see where a one ounce gold coin would make a splash in a predicament.

You said you had $4,000.  By all means buy 100 coins if you want.
My point was that gold is more easily traded, takes up less room and is less susceptible to fluctuation due to speculators than silver.

tTy wrote:

If they ask for a your name = Steven F. Bee, obv....

What the heck??

LoneWolfSparty wrote:

What the heck??

It is a joke, son, I know you middle initial is actually "Q"....

Heat Miser wrote:

Please be joking.

????

I have more than that, plus access to fresh water, plus several 1000s of rounds of ammo. And a secret secluded bug out location. Nothing wrong with being prepared.

LoneWolfSparty wrote:

Heat Miser wrote:

Please be joking.

????

I have more than that, plus access to fresh water, plus several 1000s of rounds of ammo. And a secret secluded bug out location. Nothing wrong with being prepared.

  That explains a lot.

Heat Miser wrote:

  That explains a lot.

Still not sure what is funny. Personally I hope to never need it, but if society collapses my family will be fine.

LoneWolfSparty wrote:

Still not sure what is funny. Personally I hope to never need it, but if society collapses my family will be fine.

Not for very long. You're familiar with the saying, "Man makes a plan: God laughs."

Heat Miser wrote:

Please be joking.

Totally serious. Anyone who would not hedge 1% of their assets on economic collapse given the 17 Trillion dollar national debt that is increasing beyond any hope of stopping, and the past 17 year roller coaster ride is, in my analysis, irresponsible. Your outlook is obviously different. I wish you well, but I can afford it, so I am covered there.

BTW I am reading that most serious investors dedicate 10-30% of their portfolios to precious metals. Interesting.