Silver

Forum: Investments
Author: [Investments] Topic: Silver
HutchEmAll PM HutchEmAll
Joined: Jan 2004
Posts: 38669
Minnesota
 
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Posted: 12/2/2011 4:15:50 PM

Is it a good buy and where in the heck would I buy it?

wolffer12 PM wolffer12
Joined: Nov 2006
Posts: 1001
Colorado
 
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Posted: 12/6/2011 11:56:36 AM
yes it is a good buy and dollar cost average is my best bet for you.
squinta1 PM squinta1
Joined: Oct 2009
Posts: 6388
Massachusetts
 
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Posted: 12/6/2011 1:21:29 PM
Kitco.com Apmex.com bostonbullion.com -to name a few
Posted using a mobile device.
Goldfisch PM Goldfisch
Joined: Feb 2008
Posts: 668
Texas
 
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Posted: 12/10/2011 10:47:59 AM
go to your local coin shop. Buy only .99% coins like american eagles or canadian maples. If you don't want to pay the $3 markup buy quarters 1964 or earlier in bulk but never buy proofs. 
Realism PM Realism
Joined: Nov 2011
Posts: 594
California
 
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Posted: 12/15/2011 10:57:58 PM
I bought a silver ETF that goes under the symbol SLV.  It is a fund that tracks the price of silver.  Much easier to buy and sell than the physical silver.  I do it myself on Scottrade.
GOPHERNATION12 PM GOPHERNATION12
Joined: Sep 2010
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Michigan
 
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Posted: 12/27/2011 11:11:48 PM
Fundamentals at this exact m0ment say Silver is n0t a buy. 0nce it br0ke thr0ugh the $30 level the $20 level is next and in my humble 0pini0n it will be $19 0r bel0w by 12/30/2012.
examine PM examine
Joined: Aug 2011
Posts: 4093
 
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Posted: 12/28/2011 12:02:25 AM
Funny..What I have read say that under 30$ Silver is a gift.


GOPHERNATION12 PM GOPHERNATION12
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Michigan
 
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Posted: 12/28/2011 7:30:39 AM
ARE Y0U READING INF0 PUT 0UT BY S0ME0NE T0UTING SILVER?
wallstreetcappers PM wallstreetcappers
Joined: Feb 2003
Posts: 51373
United States
 
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Posted: 12/28/2011 2:55:08 PM
Silver futures below 27.

If the commodity bubble pops, silver could be back to the teens and it wouldnt shock me at all.

So much for 100 to 200 that some were hyping.
examine PM examine
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examine
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Posted: 12/28/2011 9:19:40 PM
I think that bubble your talking about is already POPPED !!! Looks like gold is goin bellow 1000$ and silver back in the early teens...

Sell Sell Sell
be easy PM be easy
Joined: Oct 2006
Posts: 15420
Pennsylvania
 
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Posted: 12/29/2011 10:58:32 AM
I'm glad to have gotten out when i did (ag 40.50 and au 1825)

will look for re-entry around 22$


TRAIN69 PM TRAIN69
Joined: Oct 2002
Posts: 43494
Missouri
 
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Posted: 1/1/2012 11:59:44 PM
QUOTE Originally Posted by wallstreetcappers:

Silver futures below 27.

If the commodity bubble pops, silver could be back to the teens and it wouldnt shock me at all.

So much for 100 to 200 that some were hyping.

 

What if it doesnt pop?....What if the US dollar keeps devaluing?

wallstreetcappers PM wallstreetcappers
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United States
 
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Posted: 1/2/2012 12:05:28 AM
QUOTE Originally Posted by TRAIN69:

 

What if it doesnt pop?....What if the US dollar keeps devaluing?


The dollar hasnt been devaluing lately, in fact it has been firming.

It is a wager against where Europe/China etc are relative to where we are economically.

Silver is also pumped due to speculation aside from the USD, which is why it has been dropping even when the USD is flat.
examine PM examine
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examine
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Posted: 1/2/2012 4:52:55 AM
Right now everyone and the mailman is "on" the US dollar (it has safe heaven status)...

But even if the metals show weakness  vs a stronger dollar, its not set in stone and things can turn around...

1 sure way to POP the metals imo  is when the US raise interest rates... (maybe mid 2013 according to Ben)...

Gold will lose 30% of its value and stay there for a long period of time...

But bring on QE3 and its lights out on the dollar!!!


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