Tuesday, November 17, 2009

Silver

I became interested in silver because I thought it was a good investment and a hedge when if the stock market crashes or we have a W shaped recession. I started buying silver coins like US silver eagles because they are easily recognizable as one Troy ounce of .999 silver. As I was shopping and buying, really not knowing anything about the spot price or a premium, I discovered that there are all kinds of pure silver coins and bars. Well, if buying just for silver content I thought why not buy whatever is cheaper. For instance If i came across a generic silver round that was 1 Troy ounce of .999 silver and it was a good price I bought it. But, then I discovered a whole world of coins some I buy just for silver content, some I collect as commemorative, and some are from other countries. So to sum it up, I started hording silver but know I am a hoarder and collector.

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