|
This page may contain links that result in small commissions to keep this free site up and running.
Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!
To participate in the forum you must log in or register. | Author |
 Replies: 23 / Views: 3,676 |
|
|
|
Valued Member
United States
385 Posts |
Hello,
If you're considering investing in silver, I'd suggest that you go to local coin shop and purchase 1oz to 10oz silver 999 pure bars as these are the cheapest and would be most appropriate for your budget.
Another option is to consider 90% junk silver, although these would have a lower market buy-sell price (compared to pure silver) due to their 90% purity and the associated costs of refining silver to become pure which can be costly. When buying junk silver, you should also take wear into account (buying by weight is cheaper than buying by face value (count)).
I hope this helps and good luck.
|
|
Pillar of the Community
United States
3789 Posts |
Currently at this moment, you should NOT be investing in silver. If you start at this moment are will start that investment being underwater and thats not how good investments start.
The notion that you want to buy and average in a little a time as the price slides is also a big no no.
Furthermore, to anyone who says "this for a long haul".... this is also a mistake because no one knows the future and how long it will take. Dont waste your cash on investments that go no where.
Remember, silver is a commodity, a highly volatile one at that. Averaging in does not work for commodities as it does for stocks. You have no divy, you have no wide diverse range of investors (such as value investors), you have nothing but supply and demand.
Investing and buying silver right here right now would be unwise and anyone who is buying at these levels is sealing their destiny with a horrible investment that is doomed.
ONLY buy silver until it is confirmed that prices are rising. PERIOD.
|
|
Pillar of the Community
United States
4333 Posts |
Quote:
ONLY buy silver until it is confirmed that prices are rising. PERIOD. Got it! That's why I'm stacking, prices are falling and CHEAP! When prices start rising, that's when I'll stop! When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
|
|
Pillar of the Community
United States
3789 Posts |
I am so sorry Mr Fistfull but buying commodities that are falling in price is a bad idea. I hate to be the bearer of bad news but those are buying at these prices will regret it. Worse yet, when you go to sell it, you will sell it for a loss. In the end its your money, but I thought I'd give you fair warning.  Buying falling assets, especially commodities is a bad thing. But hey its your money, I wish you the best. |
|
Pillar of the Community
United States
561 Posts |
yup7676 - I am usually right with you and I follow your posts with great interest however on this one I have to disagree. I don't question your knowledge of technical trading and price action but I can't understand your definitive stance on this given your willingness to acknowledge the fact that none of us can predict the future with certainty. Unless of course you are certain that silver will NEVER be worth more than it is today.
|
|
Pillar of the Community
United States
589 Posts |
I have invested over the year in junk silver coins, some uncirculated 90% and 99% silver coins and a few silver bars that struck my eye. Yes as said silver is volatile in price and can go up and down and agreed that you should not be focused only on PM's as your only investment, but having some on the side is good as well. Stocks and bonds are also volatile and is driven by market conditions and company performance and can go down as well. So diversity is the key here. And above all enjoy the silver coins you buy for this is what the hobby is about .
|
|
Pillar of the Community
United States
3789 Posts |
@Merc
I appreciate your comments. I agree, no one can predict the future. I cant, I know that, I dont have a crystal ball and guessing the future doesn't make me money.
Rather, what works from past experience is recognizing the current circumstances. When we look at silver and gold, they are in very strong downtrends. Investments should make us money, not stay stagnant, do nothing or even worse, go lower from where we put our money.
Not that I am against putting "some" gold and silver away for investment. DOnt get me wrong, I am not against silver and gold. But as far as buying right now, right here, would be very unwise.
Trends are very powerful, long lasting and dont reverse with a snap of the fingers. Unless you have been selling short gold and silver, this downtrend has been painful for folks holding at higher prices. Trends come and go, and after a trend is over, everything has its cycles.
However, based on where the money is flowing right now, how much work silver and gold have to do to get higher, I dont see silver and gold being worth putting money into right now. It would be better to put money to work in assets that are working and when silver and gold are ready to move higher, they will let us know by price action. When that happens, it will be early and there will be plenty of time to buy and watch prices go higher.
Will silver and gold always be worthless? No I dont think so. My point is tho, for now, at this moment, allow the dust to settle before putting money into silver and gold.
|
|
Bedrock of the Community
13014 Posts |
Quote:
I can't understand your definitive stance on this given your willingness to acknowledge the fact that none of us can predict the future with certainty. It almost certainly will go back up, but just because you sell for more than you bought for that doesn't tell the whole story. For example if you bought for 25 in the early 80s and sold for 50 a couple years ago you doubled your money, but it took decades to do that. The question really is when not if it will go back up. Sitting on something for decades that provides no interest or dividend payments just isn't a good investment. With silver specifically its not like it hit 40 or 50 in a day or two either, theres plenty of time to see the build up with room to spare as far as making money. Theres a greater chance youll have to sit on it for a significant portion of your life (probably watching it lose value too) at these prices than there are that you would completely miss the money making opportunity in a run up |
| |
Replies: 23 / Views: 3,676 |
To participate in the forum you must log in or register.
Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use
|
| Coin Community Forum |
© 2005 - 2026 Coin Community Forums |
| It took 0.36 seconds to rattle this change. |
 |
|
| |
| |
First Page
Posted 12/17/2013 10:53 am
