Silver—Too Little or Too Much?

[webmaster]

Subject:Silver—Too Little or Too Much?
By: David Morgan, Silver Investor

Overview: As most readers know, I have been interested in the silver market from a very early age, and this interest has brought me in touch with many interesting people. One group that I have met and have many friends and associates among is the precious metals dealers. In fact, it would be tough for me to estimate how many I know on a first-name basis, so let’s just say many!

Link: http://news.silverseek.com/SilverInv...1241156145.php

[silverbuyer]

The problem with silver is that it is a major storage problem. I'm not talking about some poor soul who thinks they can hedge inflation with 800 bucks in silver coins. You put a mere 100k into it even at today's $15 per oz and you still have 456 avoir. lbs i.e. almost a quarter ton of it on your hands. Multiply that by two, three, or ten if you have any amount of real assets to make the minimum 10% diversification hedge. What do I do when I sell, hire a Brinks truck? In most areas, there isn't a major buyer who buys (bullion) or that kind of weight. They either don't have the money, or want other forms of silver coinage they can sell to coin collectors and the 90% people.

[SeekrBrnEvryMin]

Originally Posted by silverbuyer

The problem with silver is that it is a major storage problem. I'm not talking about some poor soul who thinks they can hedge inflation with 800 bucks in silver coins. You put a mere 100k into it even at today's $15 per oz and you still have 456 avoir. lbs i.e. almost a quarter ton of it on your hands. Multiply that by two, three, or ten if you have any amount of real assets to make the minimum 10% diversification hedge. What do I do when I sell, hire a Brinks truck? In most areas, there isn't a major buyer who buys (bullion) or that kind of weight. They either don't have the money, or want other forms of silver coinage they can sell to coin collectors and the 90% people.

Check this gentleman.

You invest in silver at "a mere 100K," (or up to ten multiples of that) to constitute a 10% hedge for up 10 mil?

You want to know what to do when you sell? Hire a Brinks truck?

And you're complaining you can't find a buyer who can buy that amount?

And either they don't have the money, or don't want bullion?

If you cannot resolve these difficulties without posting them to this Board, do you really expect to retain what wealth you may have?

P.S. Free beer on this guy for all the poor souls who think they can hedge inflation with 800 bucks in silver coins.

[silverbuyer]

Thank you for contributing nothing to the discussion except your obvious envy. There are plenty of sucessful people in the world. Get used to it.

[digger]

I think SeekrBrnEvryMin contributed a lot. You missed the point of DM's article if your're worried about storage, transport and saleability of a million dollars worth of silver.

Pity the poor soul who thinks they can hedge inflatiion with 800 bucks in silver coins??? How dare you be so arrogant as to belittle all of us not so financially blessed as yourself? Just because we don't have 1-10 million sitting idly around doesn't mean that we give up and don't (or shouldn't) try to hedge inflation as best we can.

A "mere 100K" is more than the majority of the citizens of this fine country earn in a year. Per David Morgan's link in the article your "mere 100K" is only applicable to the top 10% of the 50 and up age group.

It appears to me that SeekrBrnEvryMin wasn't being envious of your wealth, just disgusted with your "Woe is me. I'm so rich I can't figure out how to store it." attitude. Brag somewhere else.

If you have that much money buy the damn Brinks truck and move your silver around yourself.

[Cup-of-Ruin]

There is no problems storing large amounts of silver for a private investor, say you have a few tonnes of silver bars, they actually take up very little space, storage costs for the best and most secure vaults in the world costs approx. 2% per year of the value of the metal, that is not expensive and there are absolutely no other costs. If you don't want to pay that, you get it delivered to your house and do whatever you want with it.

[Paul]

If the price of Silver and Gold start to equalize (move closer) then having lots of ounces of silver on your hands becomes a very nice problem to have.

I would be quite happy to have a nice store of Silver and gently skim a bit off as and when I needed to use it.

How about you make a safe from silver and stick all your US dollars in it? How ironic would that be.

[LoboNoches]

Originally Posted by digger

I think SeekrBrnEvryMin contributed a lot. You missed the point of DM's article if your're worried about storage, transport and saleability of a million dollars worth of silver.

Pity the poor soul who thinks they can hedge inflatiion with 800 bucks in silver coins??? How dare you be so arrogant as to belittle all of us not so financially blessed as yourself? Just because we don't have 1-10 million sitting idly around doesn't mean that we give up and don't (or shouldn't) try to hedge inflation as best we can.

A "mere 100K" is more than the majority of the citizens of this fine country earn in a year. Per David Morgan's link in the article your "mere 100K" is only applicable to the top 10% of the 50 and up age group.

It appears to me that SeekrBrnEvryMin wasn't being envious of your wealth, just disgusted with your "Woe is me. I'm so rich I can't figure out how to store it." attitude. Brag somewhere else.

If you have that much money buy the damn Brinks truck and move your silver around yourself.

Well said indeed my friend ,you and SeekBrnEvryMin

[silverbuyer]

It appears some of you missed the point of the posted article and my response entirely, as well as made some incorrect assumptions. The author makes the point that the silver market is very thin. There isn't enough silver to go round is the author's contention. I make the point that it's not a pracitcal wealth hedge in significant amounts - major investors are going to buy paper.

Surprising that some people who supposedly believe in success are really so anti-success. Obamnuists? Sounds like low self esteem. They really need to be angry at themselves ofr their own situation for being so unsuccessful that they missed the recent Boom markets of Real Estate, Stocks, Opportunity and the current environment of opportunities that clearly passed you by as you were doing ??? . Perhaps they never got an education in investments.

Inasfar as I personally am concerned, since some here now seem obsessed with that, I worked my way through college, never got a dime from anyone, and have always earned my money in an ethical way from various contributions made in the real state, finance, and business industries. If that bothers you, then you have some kind of personal problems beyond the scope of this Forum.

If you're poor then take responsibility and do something about it.

PS Still no response to the posted information, unless you count childlike screaming as a response. With that lack of clear thinking it's no wonder you can't make it.

[SeekrBrnEvryMin]

I'll bet you're a hoot at dinner parties.