SilverDoctors: Which is the Better Silver Investment? Silver Eagles or 90% Face Coins?
As today seems to be a lazy Saturday afternoon with not much new to report, we thought we would bring readers' attention to an old piece written by Ted Butler's mentor, Izzy Friedman, and open it up to discussion.
Izzy wrote a piece several years ago advocating US Silver Eagles as the best form of silver to invest in.
While USSE's carry the highest premium over spot, Friedman looks for the US Mint to one day soon stop producing eagles entirely, which he believes will cause USSE premiums to skyrocket.
Personally, The Doc thinks that Izzy is correct, yet all of Mr. Friedman's arguments also apply to 90% silver US face coins (Pre-1964 coins)- and some of these very arguments are the reason why The Doc believes 90% US face coins to be the best form of silver to purchase today.
*90% face coins have one of if not THE lowest premiums of any investment form of silver available today, meaning you can exchange your fiat dollars for more ounces of silver in 90% form than you can for silver rounds, bars, Eagles, etc.
*90% face coins have ALREADY been discontinued from production, meaning that the same potential production stoppage of USSE's has ALREADY happened with 90% face US coins!
*90% face coins were also produced by the US Mint, meaning that investors can trust the silver content of the coins at 90% just as much as they trust that the silver content of a silver eagle is .999.
*90% face coins are FRACTIONAL silver pieces, which The Doc believes will result in higher premiums vs. 1oz denominations when the silver shortage arrives and silver reaches valuations near Friedman's levels.
I will include Mr. Friedman's thoughts below.
We are interested in our readers' thoughts and perspective on this issue as well.
What do you believe to be the best form of silver to invest in?