I’m not going to tell you yea or nay about whether you should buy silver. You need to read and read some more. Ask questions. Every investment has risk. But I will tell you about a dream I had last night, a pretty intriguing one.
I wouldn’t have even remembered this dream except I happened to scan some titles of articles in a newsletter this morning and noticed one about gold and silver. Then, ping. The dream came back.
Note that I do not own silver, nor to I check on its prices – ever.
I was holding a 1964 Kennedy half dollar and held it up in front of my face, looking at it. I’d seen these silver coins a lot when I was younger so was quite familiar with them. It was a little tarnished looking around the rim.
I was in a pawn shop, and handed it to a guy behind the counter and asked him how much he’d give me for it.
He took a look at it and said, “twenty seven dollars.”
“How much is silver worth now?” I asked.
“Sixty dollars an ounce,” he said. “Do you want to sell it or not.”
I thought about it. Do I sell the coin and hold on to the cash, or keep the coin? I decided to sell it for $27 and immediately felt disappointed.
—end of dream—
So as soon as I remembered the dream this morning, I hopped online. I’m curious what the price of silver is today. The first article I click open is someone predicting that silver will go to $60 per ounce within a few months. That seems strange, because that’s the price it was in my dream.
What is the price of silver is today (April 3, 2013)? $27-28 per ounce.
Next, I’m curious what the weight of a Kennedy half dollar is. Turns out it is 12.5 grams (0.44 ounces). I was not aware of this or had forgotten. At $60 per ounce, if sold purely for its 90% silver content that would be worth about $24 (a pure silver coin that same weight would be worth $26-27 dollars).
Coincidences? I never think about silver. Why did I dream this?
Now I’m a little perplexed. Did my dream something? Should I go out and buy a bunch of silver? Hmmm. Undecided. What would you do?