physical silver in canada.

reply to post by dbriefed


Thanks, not looking to go balls deep, just looking for a quick flip.

Originally posted by brill

Originally posted by JohnnyCanuck
I've heard it said that you're best off buying a roll of silver dimes for just this reason.

I went with 10oz personally, just a nice, manageable size. Coins seem like a lot of headache and high premiums and the big bars (100/1kg oz) well its all or none when you sell. It's a personal preference no question.

Difference is, I'm talking about what you have to carve off to buy a chicken...SHTF-wise.

I live in the states. I've been buying silver maple leafs for some time now. I've been buying by from three different online dealers. The silver maple coins are the purest in the world. I also have a number of Canadian silver dollars.I live about a mile from the border, maybe I'll scoot over to the Bank of Montreal tomorrow and see if they got any maple leafs for sale.

reply to post by JohnnyCanuck


Chicken is abundant and always will be, 1oz silver bar will likely be worth 10 full sized chicken.
When the shtf ,cash will be king for awhile, Then as people adjust, the trust in cash will be lost. It will be metal.
Then 1oz silver bar will likely buy 25 full sized chicken.

Buy 1oz bars...you wont have to carve anything off.

I have a few oz of silver bars but I was thinking of not buying it anymore and just switching some of my cash little-by-little into Euros. Anyone have any thoughts on that idea?

Lol, if SHTF, gold and silver will be worthless.

Steel, especially high grade steel will be premium. In a SHTF scenario we will have zero high grade steel production (no more access to the additives used). And it can be used for anything from tools to weapons to buildings. Unlike silver and gold, which have no worth other than being shiny. Okay you could break the silver apart for some medicinal effects but really.

For long term investment:

Purchase order: Platinum, Gold, Silver.

Platinum hasn't had a major drop in a long time, something about not having any major deposits left or something. My wedding ring, my wife bought for a little over $300 CDN. Got it appraised for my insurance renewal and it is currently valued at a little over $3000 CDN by weight. To be fair she didn't buy the ring in Canada, she got it from a jewellery vendor in Hawaii of all places.

The best deal I got on buying bullion was at border gold in BC. I tried Scotia Bank and the extra charges they had were too high IMO at least for the 1oz silver maple leafs. I was actyualy going to buy some 10 oz bars and was told they were sold out Canada wide, but did manage to buy a 1 kg bar for just under $1000. I was going through a coin collection that I inherited and found that I have about 300 1965 canadian siilver dollars as well as about the same amount of pre 1965 50 cent pieces, 25 cent and 10 cent . You can actually find alot of good deals out there for buying "junk silver" which is basically coins pre 1967 that are about 80% silver. Any coin shop will buy and sell those for the silver content. I prefer the maple leafs because I found out when at the local coin dealer that if you want to sell bars you have to fill in some tax forms and pay capital gains on bars. There are no capital gains owed on coins however, so I think coins are the best idea. Just do a google search for buying silver in Canada and you will find alot of reputable dealers. Whatever you do ensure you get physical delivery of whatever you buy.

An alternative source is First Majestic Silver Corp...a small Vancouver based Silver miner/producer. FMJ sells a percentage of their production to the general public. Even when dealer supply was super tight back in 2008, FMJ always had Silver....not many investors knew about their retail sales program. Since then, FMJ has gained in notoriety, and will occasionally sell out of bullion products for brief periods of time.

Link

*I have no personal, contractual, or financial affiliations with FMJ.

reply to post by JohnnyCanuck

You are correct about US silver coins (rolls of silver dimes). They are 90% silver, there is no need to have them assayed, and they are small enough denominations for small transactions, plus, it isn't very profitable to counterfit them (unlike gold bars... you could be buying tungsten and never know it)

Don't overlook collecting copper pennies (pre-1984). There's lots of them to be had in current circulation, and will always be worth their weight in copper, even if the S.H.T.F.

You could come to my town in Northern Ontario and dig it out of the ground yourself. We are surrounded by silver mines that have been closed for a number of years because even though there's still lots of silver in the ground, the cost of getting it out was more than it was worth. Hopefully the price goes back up, and the miners can return to the stopes and provide a decent living for themselves and their families.

reply to post by OBE1


Thank you sir, best place so far.

reply to post by helltick


You're more than welcome helltick. Those First Majestic 50 ounce "loaf" bars are too cool. 100 ounce investment bars, aka: Door Stops, are pretty common...while 50 ounce bars are less common, and they tend to bring a slightly higher per ounce premium on resale (see ebay). The fact that these bars are "hand poured" as opposed to "extruded" will only add to their desirability in the secondary market.

GLTY