Saturday, April 15, 2023

Silver Bullion, Worst Investment Ever -- April 15, 2023

Locator: 44402C.  

Now that I'm all caught up in my equity investing, and things are getting back to normal, I can start buying the worst investment product in the world: gold and silver coins. LOL.

I have "all" the US Silver Eagles through 2023, including the Type 1 and Type 2 from 2022. 

Now, to re-visit the Pandas and the Morgans.

The last Pandas I bought: 2020 Pandas (BU).

The 2021, 2022, and 2023 Pandas (BU) are out of stock. My local source said he quit buying Pandas in 2021 because the mark-up was excessive. 

So, maybe back to Morgans.

From January 26, 2019:

Silver bullion:

I got a telemarketer call the other day noting that I was a collector of rare coins.
Nope, I don't collect rare coins. I have a few but I don't collect them. I told the telemarketer that I buy the new American silver dollars (BU). She abruptly hung up, but not until muttering "bullion."
I never thought of American silver dollars (BU) as bullion, but they certainly aren't rare coins, so I guess to a telemarketer of rare coins, they are bullion. Disgusting. LOL.
But the 2019 China Pandas have been released. My biggest "coup": a year or so ago buying a few novelty silver coins (BU) and now they are hard to find; doubled in price. They go to the grandchildren.
I don't know why. I guess I'm like a lot of folks that like shiny objects. The China Panda story is very, very interesting. I doubt anyone really knows how many are minted any given year, and it wouldn't surprise me if China "re-minted" old vintages. You know, stamp 2011 on coins minted this year (2019). Nothing coming out of China would surprise me. But the buzz at the coin shows: as more and more Chinese move into "middle class," more and more will buy China Pandas. 

And now we see: 2021, 2022, and 2023 Pandas are out of stock.