silver

anyone know if its a good investment right now?  im honestly thinking about investing in it, about $10-15 k.  will buy the bars and not coins or anything.  anyone see anything good in silver? 

 

thanx to everyone for their help

i am planning to invest about 10k in small bars 5oz.  god forbid shit goes down i have some backup to get minimal help by paying with Silver.  obviously i am talking dooms day for America (hope/and don't think it will happen)  But why not throw in 10k just for safety reasons.

silver run I think will run out of steam soon

 

thinking the same thing 

 

im looking for reasons not to buy it!!!  please tell me why not to buy.  i have no commission costs as some of my family is in the jewelery business (jewelry stores, cash for gold stores, etc.)  all i gotta do is just lock in the price and show up with money and bars are in my hand!!!  might have a small cost there, but dont have storage costs either.  since the day i have posted this thread, silver has jumped up about a little over $2.00. 

Compared to gold, silver looks like it's still got some steam. Up until recently silver was a bit under the radar.

 

thanx for your input and it does make sense

Broncofn:

There are several other threads on silver/gold.  I suggest you look them over.

I am of the thought that gold/silver/commodities are the best bets right now...for a good portion of your investment funds.

The thing to watch is the government's monetary policy.  As long as they continue to inflate the debt, by printing money...commodities will continue to do well. 

The doomsday scenario could occur at anytime.  Anything that spikes interest rates, would make the debt explode and lead commodities to spike 2-3 fold.  That is when you sell commodities to lock in some profits.

For those looking for more information, I would suggest:

siliconinvestor.com, fool.com & seekingalpha.com

These are all discussion boards focused on stocks & investments.  Look for gold/silver/commodity boards and figure out who you believe.


Below are my comments from another thread.

If you don't have any exposure to Silver/Gold stocks, you should start there.

You get more bang for your buck, as while silver has gone up 100% this year, many silver stocks are up 400%.
In an up market for commodities, it is like shooting fish in a barrel.
GPL, NGD and CPFXF.pk are mineral stocks I like, even with their big run ups. 

As for owning physical gold/silver, I would suggest you consider buying some junk silver.  Easy to buy on E-bay at spot prices.  Be sure to look at the seller's history though.

I am currently buying junk silver (old quarters, dimes, etc..), thinking that they will be easy to use in barter, should it be necessary.

silver run is no way out of steam. been buying at in the teens and still buying the same amount every month, just started buying gold (10grams)/mo.

If you're gonna buy, buy the same every month...dollar cost average...always the best way to invest imo.

by end of the summer, my gutt says silver is $50.

 

 good info guys...

ok, well took the plunge last friday and bought silver, 260 oz to be exact.  this is what i bought:

 

10 X 6 oz bars totaling 60 oz at $38.30 after buying costs totaling $2298.00

 

2 X 100 oz bars totaling 200 oz at $37.50 after buying costs totaling $7500.00

 

so in total i now have 260 oz of silver bars and total investment was $9,798.00 

 

goodluck to everyone who is invested!!!!

Just curious...do you get the physical silver shipped to your house or did you buy it local or do you just own the silver with it being in a bank vault somewhere?  Where did you buy it from?

congrats!

I've got several 100oz.bars,I sold 2 bars about a year and a half ago for about $1500 each.I'm pretty sick over that right now,but it is tough to know when to sell. A 100oz bar will get you about $4000 right now,that's pretty tempting.Where is silver headed? I'm seeing some pretty wild predictions on the internet.

silver will peak, and then gold will get back to really moving.  In fact i have a feeling that we are at that inflection point.  Now could be the time to jump back off the Ag bandwagon and get on Au

click

we are up over $40 today, hopefully it keeps going

actually we are up to almost $41.  hopefully gets to $41 before the cutoff before the weekend

you're looking at a 4yr chart on gold and silver.  Silver has been under manipulation since the 70's. Go back and check out the ratio back then.  IMO silver may retreat a buck or two, but I can't see silver not continuing to go up. 

Personally...silver is still the play now and for a while, just dollar cost average and don't go all in.

 

i don't think silver has broken $50.  silver has been up over +100% in the past year.  banks have been buying silver and shorting gold as early as five years ago.  one should probably divide their interest in silver in both bars and coins.

Not all banks have been buying silver and shorting gold...that's wrong.  Do a search on JP Morgan or youtube JP Morgan silver manipulation. JPM has been shorting silver for a long time and are trying to offset their losses with copper.

Silver breaking $43 today is huge...interesting to see if it stay there or retraces on Monday. If it goes up on Monday, I'm buying more, if it retraces, hoping it retests $40.

Silver is gone and so is Gold, but at a slower rate.

i've traded in and out.

silver appears to be going parabolic.  i am trying to maintain discipline and wait for it to settle back softly on the 50 day.  same with gold.

tough call for me this world is crazy with the Fed the entire thing (the global financial system)  is a house of cards.  i have some longs and am holding but trying to find a spot to add more 

Au green
Ag red

first time i've seen that in awhile

I'm wondering if now is the time to exit my silver trade altogether, and get back on the gold train.  Silver is slave to gold, it HAD to rise up to a new launching point before gold is able to get moving back towards 2000. 50$ silver is probably still on the horizon, but i'm of the opinion that gold will outpace silver from here (or somewhere in the very near future) and moving forward

i think this is a bad time to enter silver.  Silver has tripled in the past 14 mos., while gold is barely up 20%. 

 

just sold my 10 6 oz bars (60 ozs.) at 43.30 with no commission costs since i know the person who wanted them and i bought them at 38.30 a few weeks back.  thinking about unloading my other 200 oz now and getting into gold bars but havent decided yet.  i keep hearing and reeading that gold is the way to go again.  if i my silver,ill probably buy back in when it goes down again