Silver From Las Vegas, Silver Prices Headed To $309?
Over the years I have travelled to Las Vegas many, many times. Several times for work related conventions and various others just for the fun of it. One habit that I picked up on those trips was collecting Silver Strike tokens, which are commemorative tokens that are paid out of Silver Strike Slot Machines. Some are bronze and the bigger prize of pure silver. I always preferred the silver variety, since I am a bit of a silver bug. I quickly learned the least expensive way to buy these was to head to local pawn shops in Vegas, not by playing the slot machines! They aren't called one-armed bandits for no reason at all!
My preference for collecting has always been for those tokens from casinos that are now defunct. However, there are many exceptions that I have picked up over the years. Today I'll be sharing one of those exceptions, it's a token I picked up as part of a group purchase. I wasn't particularly interested in this one, but after I received it I found out it's really interesting!
This was produced for the Gaming Global Expo show that takes place in Las Vegas each year. There vendors can display and demonstrate new gaming technology in hopes of selling to casinos. This was a commemorative produced by the Silver Strike Slot Machine makers in 2002 just for the expo and given out exclusively for the event. Have a look:
This token contains 0.6 Troy ounces of pure silver surrounded by a brass ring. I'm not sure how many were minted, but it's kind of a cool collectible. Is it the pride of my collection? Not by far, but still an interesting token. Not being in the gambling industry I've never been to one the expos, but they might be interesting. But my next trip to Las Vegas most certainly won't be scheduled around this event. There are just so many other exciting things do to around the city!
kitco.com
Silver and gold are the place to invest right now. According to Bank of America they foresee gold staying around $4500 while silver could end up anywhere from $125 all the way up to $309 per Troy once in 2026. Considering that silver is just a touch under $80 it looks like the better investment at the moment! Silver is critically short of supply around the world and will drive prices higher and higher as the year continues. Right now is still a good time to buy in my eyes, with lot of room left for profit.
kitco.com
Just look at the above chart of silver prices over the last year. It really says all you need to know. Invest in silver before it explodes to ever higher highs.
That will do it for me today, I hope you enjoyed my post. Please feel free to leave any questions or comments below. As always, thank you for all of your support, it's greatly appreciated. Have a great weekend everyone!
References:
https://en.wikipedia.org/wiki/Global_Gaming_Expo
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!
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it is so crazy to see thhe silver chart going up like that. ;)
it is nice to have that token as a gift, as now it worth quite handsome isn't it?
well for me, I think I might just tossed it, before I know how valueable it is from the silverstackers.
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Silver is always expensive, and a great way to invest. If you can even buy up old, cheap silver jewelry that is sterling silver and pay less than it's worth you are making money!
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I'd love to visit Vegas at some point for a convention. They always seem so cool and flashy. My buddy goes to the home builders show every year, but I think in 2026 they are moving it to Florida.
Sadly it’s not what it was. It’s a ghost town post 2020. The lockdowns killed Vegas. 80% the casinos are in red every year since 2020. Florida will continue gaining these functions as Vegas dies a slow death.
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Last time I was there it smelled like weed everywhere you went and there were kids and families all over the place.
It's a great place for conventions. They are running into a lot of financial issues and drops in tourism from excessive fees this past year. I think Vegas deals may become much less expensive in the coming years as they try to win back the convention and tourists.
Florida has made doing business so much less expensive that many conventions are moving that direction. Orlando is becoming a huge convention winner and even Miami. The big plus of Florida is you can bring along your metal detector and search for silver and gold along the beaches in you spare time! lol
We get kind of the raw end of the deal right now. Most of the public education conferences we go to the SWAG is pretty lame because they have to keep everything under a specific price because they have to meet competitive bidding requirements. I'd love to go to a show where they don't have those restrictions. I'd honestly rather go to Vegas than Florida anytime!
Very unique gaming token my friend, I think this would be a keeper for sure!!👍😀
Looks like silver's on a tear again.... just under $80 an ounce before it closed today for the weekend!🤗
And to think years ago someone told me silver was just "a flash in the pan" Lol!!😇
Gold is by far the better investment!
Silver is just a better gamble for snapshots of time.
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Long term I agree. Silver is more of a gamble, there are bigger potential returns, but also more risk.
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That's pretty good silver right there @thebighigg! I have some... very few. But you have a large collection of silver strike... awesome!
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They're a lot of fun to collect, and they used to be really inexpensive. Not so much now that they are a thing of the past. Finding good deals now is next to impossible! I'm glad I bought when I did.
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They must be about $50 and above a piece now, @thebighigg!
BTW do you have the below?
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That one I do not have! Very cool buffalo token! I don't have any from St. Jo Casino.
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I can come to the conclusion that the COMES/LBMA Silver market is far more RIGGED than any casino. At least the Casino gives you a chance.
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Very true, they do rig it and do their very best to control it. Under true supply shortages though they are losing some of that control, but I guarantee they have their fingers in the pie and are making money off those moves. Dishonesty at it's finest. At least with black jack you have a prayer of winning!
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I alwys look forward to seeing what you pull out of your hat next with regards to these tokens. Pretty neat.
On another note, I just saw an add on a local FB marketplace page where someone was trying to convince people silver was going well over $100 an ounce and selling it for over $100 an ounce. Now I don't disagree it may go over that, but not sure I'd be buying at that price yet, lol
It will likely go over $100 sometime the next few months, maybe a lot higher. Now isn't a bad time to buy, but once it's over $100 it's going to be tough to buy anything at that price to be honest!
Silver and Gold are indeed the best place to invest right now
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I will not be surprised if Silver eventually reaches 100