Why buy junk silver?

Discussion in 'Silver' started by Free market, Dec 13, 2010.

  1. Forge

    Forge Member

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    It isn't normally, but you can substantially harden gold with ~.4% cobalt, and still remain within the 995 requirement for bullion in Australia. Basically you are creating a 995 Gold/004 Cobalt/001 other alloy.
     
  2. Austacker

    Austacker Active Member

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    meezio keep an eye out for any strange looking 2000 $1 coins if you happen to get one give me a PM :)

    I have a small stack of pre-decimal about 1.5kgs of mixed and my reason is mainly for long term swaps. As mentioned before a small little threepence will perhaps trade for $10 - $20+ who knows so I can trade this first before I need to get into my .999 Silver. The fact I purchased it under spot at the time at around $18/oz I can then down the track afford to be a few % under spot and still do well. The other thing is they are great to look at play around with, use them for a card game etc... Wouldn't pull mu Kooks out for that.
     
  3. Free market

    Free market New Member

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    That's a lot of replies that has helped with my question.
    I guess it depends what our exit strategy is.
     
  4. Willow

    Willow New Member

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    Very good observation that..
     
  5. Guest

    Guest Guest

    I'm a very big fan of the pre-war predecimal myself. Fine sterling silver coinage is just so WIN!
     
  6. goldpelican

    goldpelican Administrator Staff Member

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    These will always remain in demand as an investment form of silver.

    Perth Mint does not buy them - someone posted on here a while back about trying to sell some back over the counter.
     
  7. leaveit

    leaveit New Member

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    like any better portfolio, isnt diversification a prerequisite?
    i have quite a range of sterling and other fractionals myself.
     
  8. Dynoman

    Dynoman Active Member

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    We dig it up, refine it into shiny stuff, make nice things out of it, hoard it for appreciation value. There is a finite amount of PM available & an infinite number of potential collectors. Along with the industrial applications it means eventually only the wealthiest individuals will possess PM's. So it make awfully good sense to stack whatever you can afford to buy now. As soon as India & China rise to first world status we won't be able to afford PM's anymore. Perhaps it may only take ten years for that to happen ?
     
  9. Forge

    Forge Member

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    Diversification is not to make a portfolio better, it is to make it less worse.
     
  10. leaveit

    leaveit New Member

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    what i meant is: if (diversification = less risk) and (less risk = better), then diversification [must] = better :p

    but im not quite sure if that statement was suppose to be a joke...in which case lol
     
  11. Silver is Money

    Silver is Money Member Silver Stacker

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    Junk silver = investment AND insurance.

    IF the world goes to hell in a handbasket, then fiat money won't be worth a raazoo and fractional forms of silver may be how you barter for everyday food and services. It will be much easier buying a loaf of bread with a sixpence than with a 1kg bar. :D
     

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