I have seen sometimes in antique shops and online auction sites sterling 925 silver jewellery/objects/80% coins etc get sold quite often considerably below their ruling price silver content value, sometimes up to 50% or more below that. Current 925 silver sells at around R6.50/g.
Is it a wise or viable investment/money making scheme collecting silver like this for its scrap value?
I'm sure there's some reserve regulations about hoarding/stockpiling silver bullion, although as long as you keep it in the form it was bought jewellery/coins etc then you are just a collector of ugly silver jewellery and coins!
I suppose the main challenge is trading the silver, silver backed funds or shares/financial instruments can be cashed in or traded at anytime?
Is it a wise or viable investment/money making scheme collecting silver like this for its scrap value?
I'm sure there's some reserve regulations about hoarding/stockpiling silver bullion, although as long as you keep it in the form it was bought jewellery/coins etc then you are just a collector of ugly silver jewellery and coins!
I suppose the main challenge is trading the silver, silver backed funds or shares/financial instruments can be cashed in or traded at anytime?
