Silver to Soar in 2011? What did you say investment wise

So whats the difference between the type of silver bar? I'm talking about the 100oz. Blanchard has a regular one for 3600 then Apmex has a few to choose from and something like englehard is a bit more expensive? Why?

I think I'm gunn a buy 2 bars total, but right now just buy one for 3600, then wait to see what the price does. If it falls I'll buy then and my average cost will fall, if it rises, good, and I might just stick w the one bar
 


leadsupplier said:
So whats the difference between the type of silver bar? I'm talking about the 100oz. Blanchard has a regular one for 3600 then Apmex has a few to choose from and something like englehard is a bit more expensive? Why?
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You are buying the brand. There is more trust with Englehard brand (knowing your going to get a more pure product. The stronger brand names (usually) use tighter tolerances to ensure your getting exactly whats stamped on the bar.
 
Now what happens when you're ready to sell? What is your best option?
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You don't sell precious metals. You hoard them :)
 
i just bought 6k worth of silver .. price may be higher, but if it drops, i'll just buy more!!

i look at it this way, i still have 6months of expenses covered in my bank account, and it's not even like i spent money on the silver, i just transferred it to something physical...

the upside? well my 6k in the bank is going to do absolutely nothing, but my 6k in silver could go down, or it could go up! i'm happy w/ the investment
 
leadsupplier said:
i just bought 6k worth of silver .. price may be higher, but if it drops, i'll just buy more!!

i look at it this way, i still have 6months of expenses covered in my bank account, and it's not even like i spent money on the silver, i just transferred it to something physical...

the upside? well my 6k in the bank is going to do absolutely nothing, but my 6k in silver could go down, or it could go up! i'm happy w/ the investment
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Dollar cost averaging is really the way to go with any investment including Silver. I just take a set amount and buy the same amount each month. When you do it this way the price doesn't matter.
 
dmnEPC said:
Dollar cost averaging is really the way to go with any investment including Silver. I just take a set amount and buy the same amount each month. When you do it this way the price doesn't matter.
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yea for sure, i just cut back on my 401K so i'll have a few extra dollars each month, i'm also thinking about buying every month ..

what do you recommend? do you have a set % of your monthly income you put towards silver?, i think maybe 5-10oz per month is resonable
 
leadsupplier said:
yea for sure, i just cut back on my 401K so i'll have a few extra dollars each month, i'm also thinking about buying every month ..

what do you recommend? do you have a set % of your monthly income you put towards silver?, i think maybe 5-10oz per month is resonable
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If you have a 401k make sure your contributing at least up to your company match (if you have one) because that's free money. As to a % I am a big believer in saving @ least 10% of every dollar I make.

My first rule is to have 6months of income in extremely liquid savings like a money market, or under the mattress it doesn't really matter where you keep it but if you need to get cash in an emergency I prefer to have cash. You really don't want to have to go and find a buyer for silver in this situation. I have had to do it a couple times and I lost money each time (buyers can smell weakness)

As to your 10 % savings I would split that up. Say buy 50% in silver, 40 % stocks or mutual funds and the other 10 % into the liquid savings account. Mix it up however you want the key is to not have all your eggs in one basket. You want to be able to get the money when you need it, not just when you want it. It also helps to invest in something you either have an interest in or are familier with all the ins and outs.
 
NickRac said:
The problem with buying online is the damn shipping!

Just to order a 10oz bar the shipping pushed the price per ounce over $1 higher - any tips on finding local guys?
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Just look for a coin dealer, or a pawn shop. Every city will have people buying gold and silver, these guys also sell it. When you find a guy to buy from that you like and you can trust stick with him that will get you better prices and eventually 1st crack at the good stuff
 
dmnEPC said:
If you have a 401k make sure your contributing at least up to your company match (if you have one) because that's free money. As to a % I am a big believer in saving @ least 10% of every dollar I make.

My first rule is to have 6months of income in extremely liquid savings like a money market, or under the mattress it doesn't really matter where you keep it but if you need to get cash in an emergency I prefer to have cash. You really don't want to have to go and find a buyer for silver in this situation. I have had to do it a couple times and I lost money each time (buyers can smell weakness)

As to your 10 % savings I would split that up. Say buy 50% in silver, 40 % stocks or mutual funds and the other 10 % into the liquid savings account. Mix it up however you want the key is to not have all your eggs in one basket. You want to be able to get the money when you need it, not just when you want it. It also helps to invest in something you either have an interest in or are familier with all the ins and outs.
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yea this is great advice. i will probably invest in stock in the coming months. I also do put in the minimum my company matches. I will also most likely open up my own Roth IRA as well to beat the taxes.

NickRac said:
The problem with buying online is the damn shipping!

Just to order a 10oz bar the shipping pushed the price per ounce over $1 higher - any tips on finding local guys?
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I just bought 170 oz's total, $50 shipping ... it's not that bad
 
anyone else watching that "gold rush in alaska" program? Makes me wanna put down the laptop, fire up the buck hoe and get diggin
 
Great thread, I've got a buddy who has been buying a ton of silver lately and he keeps telling me its a great idea. I think this thread has convinced me he's right.

Those shipping charges are interesting, this guy is getting his bars for only like half the per oz. over spot charge that Apmex charges, I wonder if that's where they are getting him, the shipping.
 
CerIs said:
anyone else watching that "gold rush in alaska" program? Makes me wanna put down the laptop, fire up the buck hoe and get diggin
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what i'm more interested in is Urban Mining ... which is basically panning for gold with old computer parts and circuit boards


I'm so stoked about the silver, theres not many things you can just buy like that and have a physical product. I think that if people in the dark ages could live today, they'd be ecstatic that their paper money could buy silver lol
 
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