Any silver stackers on the board?

[silvor]

Originally Posted by vintagetoppsguy

Sorry to hear that. I'm not a numismatist, the only coins I have are my junk silver and some ASEs. Aren't there tests you can do on the coins? I test my silver bullion and scrap sterling that I pick up here and there.

yes, but I've seen "circulated" fake Morgans that weigh right on and have the same thickness. They are coated in real silver, but are some sort of alloy underneath.

They are used to "cut" junk lots, like drug dealers add say lawn clippings to their marijuana.

[vintagetoppsguy]

Originally Posted by silvor

yes, but I've seen "circulated" fake Morgans that weigh right on and have the same thickness. They are coated in real silver, but are some sort of alloy underneath.

They are used to "cut" junk lots, like drug dealers add say lawn clippings to their marijuana.

There are a lot of educational videos on Youtube that show how to spot a fake Morgan. Here is one of them.

https://www.youtube.com/watch?v=kJrLM7BYYtE

There are other great videos too.

I'm not a numismatist nor a metallurgist, but the easiest way to spot a fake Morgan is by the size/weight. That just absolutely, positively can not be faked. No way.

Silver doesn't weigh the same as copper, zinc or whatever. So, if you weigh a real Morgan and a fake Morgan and they both weigh the same, then one of them has to be different in size/thickness. Likewise, if you have a real Morgan and a fake Morgan and they're the same size/thickness, they would have to have a different weight.

If I were buying a junk lot and there were Morgans mixed in, I would at least test a few right then and there before completing the purchase. If you're making an online purchase, then stick with one of the reputable dealers - Modern Coin Mart, APMEX, SilverTowne, etc. These guys have built a great reputation and aren't going to ruin that with a few fake junk silver Morgans.

[vintagetoppsguy]

Here is a great video how to spot fake silver bullion...

https://www.youtube.com/watch?v=_rjJmGGkNPU

These aren't baseball cards that can be altered in many different ways - trimmed, re-colored, rebuilt corners, soaked in chemicals, etc.

We're taking silver bullion and coins. They're either silver or they're not.

If you're interested in an acid test kit, here's a good one for starters.

https://www.ebay.com/itm/Silver-Test...72.m2749.l2649

[bnorth]

I do have a few questions.

Why would anyone save silver for when the economy completely collapses?

Seriously why would silver have any value, because some people hoarded it?

If silver is being mined at 9 times the rate of gold what is it being used for? There is already so much gold that has been mined that if any small country was to sell all their gold. It would make it almost worthless world wide.

Is the market only hanging on now because the hoarders are supporting it?

[silvor]

Originally Posted by bnorth

I do have a few questions.

Why would anyone save silver for when the economy completely collapses?

Seriously why would silver have any value, because some people hoarded it?

Because that's what the guys on a message board say.
Of course they don't mention if the refineries will produce fuel for silver or be taken over by the feds, cartels or whatever.

Originally Posted by bnorth

If silver is being mined at 9 times the rate of gold what is it being used for? There is already so much gold that has been mined that if any small country was to sell all their gold. It would make it almost worthless world wide.

Is the market only hanging on now because the hoarders are supporting it?

No, the federal government is holding the price of silver down so we think "money" is currency and we keep our fiat bills. This keeps the lower and middle classes in check and they can simply print more and more paper currency. HOUSE OF CARDS WILL FALL!!!

Geeze, inform yourself already.

[steve B]

Originally Posted by silvor

Because that's what the guys on a message board say.
Of course they don't mention if the refineries will produce fuel for silver or be taken over by the feds, cartels or whatever.



No, the federal government is holding the price of silver down so we think "money" is currency and we keep our fiat bills. This keeps the lower and middle classes in check and they can simply print more and more paper currency. HOUSE OF CARDS WILL FALL!!!

Geeze, inform yourself already.

Geeezzz ….

Shiny side out! SHINY. SIDE. OUT.

[vintagetoppsguy]

Originally Posted by bnorth

I do have a few questions.

Why would anyone save silver for when the economy completely collapses?

Seriously why would silver have any value, because some people hoarded it?

If silver is being mined at 9 times the rate of gold what is it being used for? There is already so much gold that has been mined that if any small country was to sell all their gold. It would make it almost worthless world wide.

Is the market only hanging on now because the hoarders are supporting it?

Good questions, Ben. I can answer a few, but only speculate on others.

Originally Posted by bnorth

Why would anyone save silver for when the economy completely collapses?

Probably a question better addressed by a prepper, but my guess is that people would still have to buy things and silver would be a way to barter if the dollar became useless and nobody wanted it. Many years ago, other countries wanted the American dollar. Now days, they're trying to get rid of it. Why? Silver and gold have been currencies for thousands of years. In fact, in 15 different languages the word silver and money are the same word. Again, why?

Originally Posted by bnorth

Seriously why would silver have any value, because some people hoarded it?

Same answer as above but, if that were the case, I'm sure other precious metals would have the same kind of purchasing power.

Originally Posted by bnorth

If silver is being mined at 9 times the rate of gold what is it being used for? There is already so much gold that has been mined that if any small country was to sell all their gold. It would make it almost worthless world wide.

There are many industrial uses for silver. Here is an article that describes some.

https://www.learcapital.com/news-blo...es-for-silver/

Originally Posted by bnorth

Is the market only hanging on now because the hoarders are supporting it?

No. Only a small amount of silver is made available to the public. I read the numbers once, but I don't remember off hand. I want to say it was like 10-20%, but I may be off on that. I'll try and look it up though. But most of it is used for industrial purposes.

[vintagetoppsguy]

Originally Posted by bnorth

Is the market only hanging on now because the hoarders are supporting it?

I found this article online. I only skimmed over it, but it looks like 28% of the annual silver supply is used for investment.

https://www.jmbullion.com/investing-...bullion-today/

Keep in mind though, that some of that isn't held by stackers. The IRS will let you have a self-directed IRA backed by precious metals. The tax laws are complicated for that and I don't participate, but I do know that one of the requirements is that you cannot physically hold the metals. It has to be held by private 3rd party storage companies.

For me, I want silver that I can actually hold, that I possess, not in some vault (unless it's a bank safe deposit box). I don't want a certificate, a silver EFT or anything else that shows I own it on paper. I want it in my possession.

[vintagetoppsguy]

Today's history lesson

In 1933, just one month after his inauguration, FDR signed Executive Order 6102 which required Americans to surrender their gold to the US Government. Most did, some didn't. Many people refer to this as gold confiscation, but really they compensated folks at $20.67 per troy ounce. Immediately after the EO 6102 The Gold Confiscation Act, err, I mean the surrender period, came the Gold Reserve Act of 1934 where the government raised the price of gold to $35 per troy ounce, basically screwing everybody out of $14.33 per troy ounce. That isn't much today, but it was a lot back then right after the Great Depression. Ever wonder where the gold in Fort Knox came from? That's it. It also made it illegal for citizens to own gold (other than jewelry). Wow! Don't believe me, look it up for yourself. Gold ownership remained illegal until 1974 when Gerald Ford signed legislation to repeal HO 6102.

If the government confiscated private citizen's gold once and made gold ownership illegal, what's to say they couldn't do it again? Or silver too, or any other precious metal? If anybody thinks that couldn't happen in our country today, they are sadly disillusioned. That's another reason I stack silver.

[vintagetoppsguy]

Originally Posted by bnorth

Is the market only hanging on now because the hoarders are supporting it?

Very interesting video for industrial uses...

https://m.youtube.com/watch?v=4tCOb24fuiE

[58pinson]

I'm strictly gold, bullion value only, no numismatics. While I keep about 100 ozs of silver, again strictly US Eagles for bullion purposes, the storage demands of silver as compared to gold are enormous. If any reading this thread want to pick up some info on the topic I would recommend a site: 321gold.com. They have a trove of good articles to read from many different perspectives. Just my personal opinion, buy anyone with the ability to acquire some metal should seriously consider it. It is and has always been a safe haven in times of economic and social uncertainty. Just my 2 cents.

[barrysloate]

David- I like the idea of having precious metals- I'm probably more of a gold bug than a silver one- but I'm surprised that they've been trading in such a very narrow range for so long. Remember when silver would shoot up to $40-50 an ounce? Now I can't recall when it has traded outside $13-15 an ounce. There doesn't seem a whole lot of interest in gold or silver these days.

I've thought about putting away some precious metals but I don't know if there is any money to be made. I recently started collecting currency, and I have some nice gold and silver certificates, but they are of course only symbolic. You can't get silver or gold on demand any more.

[vintagetoppsguy]

Originally Posted by 58pinson

I'm strictly gold, bullion value only, no numismatics. While I keep about 100 ozs of silver, again strictly US Eagles for bullion purposes, the storage demands of silver as compared to gold are enormous. If any reading this thread want to pick up some info on the topic I would recommend a site: 321gold.com. They have a trove of good articles to read from many different perspectives. Just my personal opinion, buy anyone with the ability to acquire some metal should seriously consider it. It is and has always been a safe haven in times of economic and social uncertainty. Just my 2 cents.

Very cool. We don't have to limit the discussion to just silver. We can talk gold too (or any other metal). I would love to hear what you stack and your reason(s) for stacking?