Anyone here invest in silver?

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subigo

subigo

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I'm just curious if anyone here buys silver? I got into it a few years ago and bought a bunch of 1oz. bars on ebay for $13.50 each... And now in the past month the price has been between $16.71 and $20.92... with a current price of $17.21...

I'm trying to figure out if I should sell everything I have or buy more. I'm definitely not too knowledgeable in precious metals. So are there any smart people here with advice? Buy? Sell? Do nothing? I have about 700 1oz. bars right now.
 


Personally I think the future will only rise for silver...

I do not know by how much and/or how long ......but it'll definitely only go up with time
 
The way the economy is, I would ride it out a little. You never know when some billion dollar hitters might decide to invest and grab a shitload of it. If that happens, the price will soar.
 
I dabble in bullion too. Overall, I am happy, and my only regret is that I did not buy more a couple of years ago. I am fairly bullish, but nobody can tell you what will happen. Apparently large banks who control huge quantities have a lot of power to semi-control prices. And also, investing in my own internet business has been a better investment. :)

Also, a lot of the increased dollar value we've seen lately is due to the decreased value of the dollar. If you expect the dollar to stay fairly week, then gold or silver may be a good way to retain your savings.

Kitco.com has a very active message board, and it is a good jumping off place to learn what other precious metal investors think. However, keep in mind that most of the posters are pretty bullish (i.e. gold bugs and silver bugs), so their perspective isn't totally balanced. Still, I've learned a lot there.

That said... I don't think the precious metals will be a bad way to keep your savings from evaporating during stagflation. No matter what happens, in time, your investment should keep rising in value. So if you have some money you don't need urgently, I'd go for it. But again, Do Your Own Due Research. None of us has a crystal ball.
 
Bear in mind that gold/silver general inversely reflect the value of the USD. Also the global economy pretty much hinges on the dollar not completely tanking. So global leaders have a vested interest in turning this around.

Also realize that investors tend to get fucked by buying in too late in the game or getting greedy and wait too long to take decent returns off the table. The question you should be asking your self is whether you think tbd economy is near bottom in the US. At best it will be as good a guess as anyone.

In my opinion, silver/gold is a higher risk investment right now. Gold especially is at an all time high and just on a basic level buy-low / sell-high I think would be somewhat challenging right now.
 
I predict that the gold price will drop to around 850++. Buy it when it reaches that low.

Priority_Mail90 said:
Bear in mind that gold/silver general inversely reflect the value of the USD. Also the global economy pretty much hinges on the dollar not completely tanking. So global leaders have a vested interest in turning this around.

Also realize that investors tend to get fucked by buying in too late in the game or getting greedy and wait too long to take decent returns off the table. The question you should be asking your self is whether you think tbd economy is near bottom in the US. At best it will be as good a guess as anyone.

In my opinion, silver/gold is a higher risk investment right now. Gold especially is at an all time high and just on a basic level buy-low / sell-high I think would be somewhat challenging right now.
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subigo said:
I'm just curious if anyone here buys silver? I got into it a few years ago and bought a bunch of 1oz. bars on ebay for $13.50 each... And now in the past month the price has been between $16.71 and $20.92... with a current price of $17.21...

I'm trying to figure out if I should sell everything I have or buy more. I'm definitely not too knowledgeable in precious metals. So are there any smart people here with advice? Buy? Sell? Do nothing? I have about 700 1oz. bars right now.
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Most defiitely hold onto it. The value of silver, gold, etc. will only continue to rise. ;)
 
Thanks for the advice guys... after reading quite a bit and talking to a few people, I'm definitely going to hold on to it. If it drops to $14/oz, I'll buy more.

ffblueocean said:
Sounds like a survivalist way to do it. I wonder if ultimately you get taxed less on your gains that way?
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I don't get taxed a dime on my silver... I bought it all on ebay, it sits in my safe and if I sell it, I just make money.
 
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