In 2005, when silver spot price was below US $10, few took notice of this metal. And I was one of those who rather put my profit stocks than silver. In 2006, silver cleared the US $10 mark to achieve US $15; I still was deeply immersed in silver prices monex. It was only in 2007, once the US $ has been weakening and news people housing bubble, that got me sitting up to look at alternative investment opportunities. In November 2007, I purchased my first ounce of silver - the Canadian Maple Leaf when spot price was US $14.73 (S $27.65 at that time, inclusive of shipping, insurance and tax).
Naturally, the gorgeous shiny silver round enticed me to check out other types of silver items available. I bought Pan-Am silver bars when spot was US$18.48 (S $28 in those days). My 1st high-premium silver piece was the 2007 Silver Britannia, that we paid S $56 for it. I also bought the Australian Lunar Series I Box Set at S $457 (S $38 per ounce) and some other one particular and 2 ounce from the Lunar Series.
So what's my point here about intrinsic and numismatic price silver prices monex?
When I got started penning this on 28 August 2010, silver spot value was still getting below US$20. At present moment, 11 October 2010, silver spot prices are above US $23.23, monex is offering Canadian Silver Maple Leaf at US$25.37 (S$39.49 inclusive of shipping, insurance and tax). Let's add in some mathematics. Spot value went up 57.7% (US$14.73 - US$23.23) through the time I 1st made my obtain. Bullion expense from the Canadian Silver Maple Leaf has gone up 42.8% (S$27.65 - S$39.49). Though I usually do not have the data to exhibit that in Singapore Dollar terms, the gain isn't really a significantly, but let's contemplate coins that I regard to possess numismatic price - the Australian Lunar Series.
The Australian Lunar Series which I bought at S$457 is sells at S$846 without the box (85% gains). For key date coins, such as the dragon, a 1 oz. coin would cost S$90 (136% gains). A 2005 Britannia bought in June 2008 for S$47 was sold for £51 on 2 September 2010 - before silver price rally. The Chinese Silver Panda is another story of its own.
Hence, I would say, for silver investors, the preferred type of silver could be those that have low-premium over spot price:
• American Eagle
• Austrian Philharmonic
• Canadian Maple Leaf
• Mexican Libertad (except for 1998, 1999)
Silver traders could probably purchase them by monster boxes of 500 oz. to turn out to be lucrative. And it goes back to why consider delivery to begin with or why purchase bodily silver?
Whereas silver collectors who look at what was being stamped on the silver rounds would have plenty of choices:
• Australian Kangaroo, Koala and Kookaburra
• Chinese Panda
• Kiwi
• UK Britannia
• Australian and Chinese Lunar Series
• Somalia Elephants
The Russian St. George coin is definitely an interesting prospect, with mintage of under 300,000, it has the same design for each year but commands a significant silver prices monex Recently, there happen to be also reports the gold version was discovered to become rusting.
Naturally, the gorgeous shiny silver round enticed me to check out other types of silver items available. I bought Pan-Am silver bars when spot was US$18.48 (S $28 in those days). My 1st high-premium silver piece was the 2007 Silver Britannia, that we paid S $56 for it. I also bought the Australian Lunar Series I Box Set at S $457 (S $38 per ounce) and some other one particular and 2 ounce from the Lunar Series.
So what's my point here about intrinsic and numismatic price silver prices monex?
When I got started penning this on 28 August 2010, silver spot value was still getting below US$20. At present moment, 11 October 2010, silver spot prices are above US $23.23, monex is offering Canadian Silver Maple Leaf at US$25.37 (S$39.49 inclusive of shipping, insurance and tax). Let's add in some mathematics. Spot value went up 57.7% (US$14.73 - US$23.23) through the time I 1st made my obtain. Bullion expense from the Canadian Silver Maple Leaf has gone up 42.8% (S$27.65 - S$39.49). Though I usually do not have the data to exhibit that in Singapore Dollar terms, the gain isn't really a significantly, but let's contemplate coins that I regard to possess numismatic price - the Australian Lunar Series.
The Australian Lunar Series which I bought at S$457 is sells at S$846 without the box (85% gains). For key date coins, such as the dragon, a 1 oz. coin would cost S$90 (136% gains). A 2005 Britannia bought in June 2008 for S$47 was sold for £51 on 2 September 2010 - before silver price rally. The Chinese Silver Panda is another story of its own.
Hence, I would say, for silver investors, the preferred type of silver could be those that have low-premium over spot price:
• American Eagle
• Austrian Philharmonic
• Canadian Maple Leaf
• Mexican Libertad (except for 1998, 1999)
Silver traders could probably purchase them by monster boxes of 500 oz. to turn out to be lucrative. And it goes back to why consider delivery to begin with or why purchase bodily silver?
Whereas silver collectors who look at what was being stamped on the silver rounds would have plenty of choices:
• Australian Kangaroo, Koala and Kookaburra
• Chinese Panda
• Kiwi
• UK Britannia
• Australian and Chinese Lunar Series
• Somalia Elephants
The Russian St. George coin is definitely an interesting prospect, with mintage of under 300,000, it has the same design for each year but commands a significant silver prices monex Recently, there happen to be also reports the gold version was discovered to become rusting.
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