Buying scrap silver as an investment..
I have started buying scrap silver as an investment for the future
because of the obvious reasons as it it used in so many different ways these days and is getting harder to find due to the increased demand.
Silver compared to gold is still very undervalued regarding price considering gold sells considerably higher per ounce and both are heavily used in industry and both are precious metals.
I bought a nice solid silver chalice today in fact which i have added to my stash.
Just wondering if anyone has any opinions on investing in scrap silver as an investment.
Or has anyone got any other idea's regarding good investments for the future keeping in-line with an antique and collectable theme.
Last edited by theantiquesman; 21/04/2012 at 03:02 PM.
back in the 1970's the Bunker Hunt Brothers thought like you.
Originally Posted by briana5125
They pushed the price of silver from $3 an oze to $50 oze
THIS IS A GOOD READ
Nelson Bunker Hunt was an American oil company executive. He is best known as a former billionaire whose fortune collapsed after he and his brother William Herbert Hunt tried but failed to corner the world market in silver.
The price of silver is climbing very rapidly and on ebay is doing almost as well as gold. You would be hard pushed to get a good bargain at the moment as the price is so high !
Both gold and silver have passed the peak price now and are beginning to fall on the markets. However brass and copper as scrap are on the rise. letsrecycle.com is a good site to give you an idea of current market values for many of the metals.
Last edited by Ruler!1; 23/04/2012 at 05:57 PM.
Gold and silver are ££££££££££££££££££ apart
Originally Posted by Ruler!1
you may be getting grams and ounces mixed up.
Not on ebay. There is not much in it really. It all depends on the items, the weight, the quality and crucially the day of sale. But some people are going crazy on silver items at the moment. Just take a look on friday or saturday nights !
yeah silver is approx £20 an ounce and gold is approx £1100 an ounce for 24 carrat.
but both these (expecially silver) are good investments in my opinion because the demand for both metals is growing all the time as they are being used for so many things nowadays like photography,medicine,mobile phones and many more.
and they are natural products which have to be mined and are getting harder and harder to find which i hope will drive the price up ten fold in the next 30 years, thats why i am buying as much silver as i can..
i just hope they dont invent a product with the same chemical and physical properties as silver which would absolutly ruin my masterplan.
but hey surely i cant loose as i am not even paying scrap value for silver and i am raking it in.
for anyone who is interested...
i would invest in gold sovereigns if i were you. along with the uptrend in the price of gold and limited supply, most sovereigns are that high in value that they are being scrapped and melted down.
so as demand for gold appreciates and the supply of soverigns deminishing.
its a no-brainer
WHY NOT MAKE IT A KNOW - BRIANA
Originally Posted by briana5125
briana5125 why not keep us informed the price of sovereigns.
do you have a list ... year by year, monarch by monarch
up date every week or month or when a big change in the market.
If you do I will make a new thread for you and make it a sticky so it always is at the top of the page.
you will be famous.
KNOW BRIANA he is not a - no brainer