Gun Zone Deals

Silver

The #1 community for Gun Owners in Texas

Member Benefits:

  • Fewer Ads!
  • Discuss all aspects of firearm ownership
  • Discuss anti-gun legislation
  • Buy, sell, and trade in the classified section
  • Chat with Local gun shops, ranges, trainers & other businesses
  • Discover free outdoor shooting areas
  • View up to date on firearm-related events
  • Share photos & video with other members
  • ...and so much more!
  • Tex929rr

    Active Member
    Rating - 100%
    1   0   0
    Jun 11, 2015
    469
    76
    Welfare, TX
    We haven’t bought any in a long time, but have a fairly large stash of coins and bars in the safe. At the current spot price we are well ahead. We have made a couple trips to pick up silver at the Texas silver place in Shiner. You order it ahead of time and it’s waiting for you there, and you can combine it with a brewery tour and make a day out of it.

    I wish I had enough gold and silver to swim in my vault of money like Scrooge McDuck.
     

    Coyote9

    Well-Known
    TGT Supporter
    Rating - 100%
    14   0   0
    Jan 13, 2020
    1,487
    96
    Granbury Texas
    I did really well with silver several years ago and now converting firearms to silver. After serving as executor for four friends' estates, I know that the disposition of my 50 year collection is best done before I croak. Grand girls will have tangible investment grade assets without being taxed or dealing with probate.
    I use Ampex or Rio Grand Silver BUT would like to hear about other options. Also will trade guns for silver;)
     

    Tex929rr

    Active Member
    Rating - 100%
    1   0   0
    Jun 11, 2015
    469
    76
    Welfare, TX
    I did really well with silver several years ago and now converting firearms to silver. After serving as executor for four friends' estates, I know that the disposition of my 50 year collection is best done before I croak. Grand girls will have tangible investment grade assets without being taxed or dealing with probate.
    I use Ampex or Rio Grand Silver BUT would like to hear about other options. Also will trade guns for silver;)
    Definitely being able to hand over tubes of coins is a nice and coenient way for heirs to avoid the tax man.

    This is the place we use in Shiner. Texas star silver coins, among other things:
    https://www.texmetals.com/
     

    ETH77

    ZAP Rules
    TGT Supporter
    Rating - 0%
    0   0   0
    Jul 31, 2008
    361
    46
    Houston
    I might buy at a 5 year low, but not at a 1 year low like what we are seeing now.
    Being a GOF*, I’ve watched Au, Ag, Pt, and Pd. Explosions to the upside are a lot of fun, but bear markets can make you sweat bullets. The cool thing about metals is they don’t require a counter party to say they’re valuable.

    Watch out for blockchain “currency!” If nation states turn off the internet, and they will, just like they turn off cellular, you are hosed.

    For those of you who plan on burying anything, invest in some Ti. Find someone with a metal detector and try to find metals in a Ti sheath.

    *GOF=genuine old fart
     

    gll

    TGT Addict
    Rating - 0%
    0   0   0
    Jan 22, 2016
    4,812
    96
    Being a GOF*, I’ve watched Au, Ag, Pt, and Pd. Explosions to the upside are a lot of fun, but bear markets can make you sweat bullets. The cool thing about metals is they don’t require a counter party to say they’re valuable.

    Watch out for blockchain “currency!” If nation states turn off the internet, and they will, just like they turn off cellular, you are hosed.

    For those of you who plan on burying anything, invest in some Ti. Find someone with a metal detector and try to find metals in a Ti sheath.

    *GOF=genuine old fart
    All my silver was bought at $5/oz... I might wish that I still had what I sold over the years, but what I still have weighs too much; the big problem with silver and ammo...
     
    Last edited:

    TheDan

    deplorable malcontent scofflaw
    Rating - 100%
    8   0   0
    Nov 11, 2008
    27,547
    96
    Austin - Rockdale
    I might buy at a 5 year low, but not at a 1 year low like what we are seeing now.
    I think the 5 year low on this cycle was last year. It's going to drop again this coming year, but I doubt it will be as much as last year. You have to take premiums into account as well. When the price craters real physical starts to go up. Right now premiums are moderate. I think in 18-24mo will see another situation like 2011.
    All my silver was bought at $5/oz.
    That's the way to do it. Buy it and hold long term.
     

    ETH77

    ZAP Rules
    TGT Supporter
    Rating - 0%
    0   0   0
    Jul 31, 2008
    361
    46
    Houston
    All my silver was bought at $5/oz... I might wish that I still had what I sold over the years, but what I still have weighs too much; the big problem with silver and ammo...
    Agreed! Bought $1,000 face bags back in the day. The guy I bought from was delivering in Phx out of a Lincoln with the rear end riding on the axel. Those bags were heavy!.
     
    • Like
    Reactions: gll

    gll

    TGT Addict
    Rating - 0%
    0   0   0
    Jan 22, 2016
    4,812
    96
    Face is the value of the coins relative to the value of the silver. If silver is $4/oz, face will be that or less... a $1000 face bag would cost ~$4000 and weigh about 54 pounds.

    U.S. coin silver was about 90%.
     

    ZX9RCAM

    Over the Rainbow bridge...
    TGT Supporter
    Lifetime Member
    Rating - 100%
    2   0   0
    May 14, 2008
    59,735
    96
    The Woodlands, Tx.
    Face is the value of the coins relative to the value of the silver. If silver is $4/oz, face will be that or less... a $1000 face bag would cost ~$4000 and weigh about 54 pounds.

    U.S. coin silver was about 90%.
    Thanks, familiar with face value, but not face bags, lol.
     
    • Like
    Reactions: gll

    gll

    TGT Addict
    Rating - 0%
    0   0   0
    Jan 22, 2016
    4,812
    96
    Thanks, familiar with face value, but not face bags, lol.
    Yeah, I never bought a $1000 face bag...

    Looks like face value is about $22.50, with a $16.80 melt value, right now... if that is correct, that's a huge premium!
     
    Top Bottom