I hope all of you are enjoying your weekend. I know I sure have, spending time with some family and enjoying the warm southern California sun. Over the last couple of days I have taken more time away from being online, and it has really felt great. I think I may start limiting my time online to ensure I get other tasks done around the house and yard. There is always a list to do and keeping up can be daunting!
Since I've had some family visiting I didn't do my usual Saturday yard sales treasure hunt yesterday. But I have been browsing around for any good deals I can find on silver. There aren't very many right now... But I did run into a coin I would love to own, it's not too much over the price of the silver. Ironically, once again it comes from Samoa!
This Golden Eagle coin is a real beauty! I've always loved animal coins, particularly of birds which I started collecting in the Caribbean. However, this comes for the South Pacific, a place I have never been able to visit. It is really nice, have a look:
From APMEX.com
I think these are really awesome coins, I really wouldn't mind buying up a few right now. Sadly as silver prices have gotten so high it's becoming harder for me to invest... I couldn't find a lot of specifics on this coin beyond what APMEX provides and it isn't listed with numista.com yet, even though it's from 2024. There were 10,000 minted in .999 pure silver at one Troy ounce each. The current asking price is $100.85 which is only $9.99 over spot, but wow that number feels painful, sigh... But not a bad price in all reality. I left the link in references if you would like to buy one!
Not in the budget for me right now though...
Silver
Silver is still holding strong at $90 per Troy ounce. It's still hard to believe that just one year ago it was less than $30, how times change... The supply crunch has become even tighter over the last weeks, there have even been reports that Tesla is having a hard time getting ahold of enough silver to produce necessary components. They aren't the only ones in that situation, it's a problem across any industry using silver. In short, silver prices are going to continue to rise due to overwhelming demand. Many are calling for silver to hit over $100 within a week! We'll see what pans out, but things are getting interesting!
Just look at the chart for the metal over the last month alone:
From kitco.com
Silver is a great place to invest right now, and always has been!
That will do it for me this Sunday, I do hope you liked the coin as much as I do. I just wish silver weren't so expensive right now, it makes buying some up some of these treasures much more difficult than it used to be! On the bright side, my silver stack is worth much more than it ever has been!
Please feel free to leave any comments or questions below, and thanks for all of your support. It's greatly appreciated. Have a great weekend everyone!!
References:
https://www.apmex.com/product/290731/2024-samoa-1-oz-silver-golden-eagle-proof-like
https://www.kitco.com/charts/silver
Disclaimer
I am not a financial planner and this isn't financial advice. Please always do your own research before investing your money. You worked hard enough to earn it!
Buy DUO and stake to receive Hive dividends, tip others, have your posts curated, and grow Hive!
https://tribaldex.com/trade/DUO
https://hive-engine.com/trade/DUO
If you are interested in precious metals or even want to learn more about them feel free to come join us #silvergoldstackers
I'm a proud member of The Alliance Family!
