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 Replies: 55 / Views: 3,775 |
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Pillar of the Community
United States
4870 Posts |
No, even with the low spot price look at what silver is going for on ebay. |
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Pillar of the Community
United States
751 Posts |
quote:
Originally posted by ageka
The third chart from the top is inflation adjusted
They call it CPI ( consumer price index )
Thank you, I see it now. ageka, you're my new chart guru  |
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Pillar of the Community
United States
1840 Posts |
Those are some great charts ageka. The fifth one from the top illustrates my position on investing in silver perfectly. For nearly 30 decades silver has basically traded at the same price (the spikes seen are well documented cases of outside market tampering). If you were to adjust for inflation, I would assume that the graph would show an overall downward trend leading up to the recent bump in prices. According to the Silver Institute, current prices are high and may only remain high due to speculative buying. Read the seventh paragraph: http://www.silverinstitute.org/news/3q06.pdfThat's right, people playing the market are having a direct effect on silver prices! For this reason I feel that silver is easily as risky as any other investments (ie stocks, bonds etc.). Maybe even riskier. |
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New Member
United States
8 Posts |
I wonder, does all of the above refer just to silver or is it relative to coins as an investment as well?
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Pillar of the Community
Belgium
2078 Posts |
quote:
Originally posted by texasmick
quote:
Originally posted by ageka
The third chart from the top is inflation adjusted
They call it CPI ( consumer price index )
Thank you, I see it now.
ageka, you're my new chart guru
Charts are telling only the things you want to listen to I got dozens of links and charts but I make up my own mind Whatever mistakes I make are mine  It has been more then 6 years since anybody sold a word of investment advice to me  Your kind words are a balsem to my soul |
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Pillar of the Community
United States
1840 Posts |
Edited by snowman
09/17/2006 7:37 pm
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Valued Member
United States
218 Posts |
quote:
Originally posted by wrk4lvg
quote:
Originally posted by snowman
I still don't get it. Do you believe there will be a precipitous stock market crash and everyone will be scrambling to pay for goods and services with precious metal?
Is it really THAT far fetched
bottom line, yes... |
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Pillar of the Community
United States
4870 Posts |
Even though prices are low, it will be some time before you see the low spot prices reflected on dealer/eBay prices.
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Pillar of the Community
United States
533 Posts |
I buy silver rounds and Eagles just to have. I do not think of them as "retirement" funds, but just enjoy watching the spot prices as another aspect of the hobby. As an added bonus, some of the rounds I get to hold and touch without the concern for lasting damage that would cause it's worth to decline!  |
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Valued Member
United States
394 Posts |
quote:
Originally posted by jcook54
I buy silver rounds and Eagles just to have. I do not think of them as "retirement" funds, but just enjoy watching the spot prices as another aspect of the hobby. As an added bonus, some of the rounds I get to hold and touch without the concern for lasting damage that would cause it's worth to decline!
jcook54, I am sure that many of our members will have the same thought and that is, if you handle silver rounds without concern, you could develop a bad habit and without thinking carry it over to your collectible coins and inadvertently "finger them". Just a thought jcook54...Develop good habits up front and you will do it automatically all the time. Berry Bobby131313, this spell checker is the greatest thing since the invention of writing instrument. |
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New Member
United States
44 Posts |
I believe theres not a better time to buy silver than now. Back a few years after I started collecting silver shot up to $50 dollars an ounce, if any of you remember that, I think it was 1980. As a new collector in 1978, needless to say, I didnt buy many silver coins. Although now, I'm buying like mad. Todays silver prices are great!!!
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Pillar of the Community
United States
1247 Posts |
quote:
Originally posted by wrk4lvg
quote:
Originally posted by snowman
I still don't get it. Do you believe there will be a precipitous stock market crash and everyone will be scrambling to pay for goods and services with precious metal?
Is it really THAT far fetched
No it isn't. Production requires investment and investment requires stability. Stability in the world and even in the U.S, IMO, is declining and will continue to do so for some time. For the simple reason that technology has made it easier to resist force. And lost scale advantages have made it harder and more expensive to exert force. An historical analogy may be the Armored Knight who acquired a scale advantage because amour was so expensive. But then one day the Armored Knight meet "him what has gunpowder." And it went down hill from there. Under declining conditions of stability financial assets, IMO, will do worse and metals better. So long as it doesn't get too crazy. If instability causes, for example, production failures in the food supply then a stout pair of Keds to run from the cannibals will be worth more than a bar of gold. "Oh my my look at him go." "There must be a lot meat on them legs..." Edited by longnine009
09/20/2006 04:15 am
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Valued Member
United States
129 Posts |
I believe gold or silver is a good thing to buy right now. Just look at the ten year charts on these. https://www.kitco.com |
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Rest in Peace
United States
2668 Posts |
quote:
Originally posted by snowman
If you're looking to invest your money I would suggest avoiding silver. Commodities investing is for people with much more money than you and I have and silver really isn't a true precious metal. Unless you're one of those alarmists that can't be comfortable unless their wealth is sitting in a basement safe, I'd suggest putting some money in bonds, stocks or mutual funds. There are a lot of bargains out there right now. If you really want bullion, try a real precious metal like gold or platinum.
As far as silver coins go, I think they look great and any time is a good time to buy one.
Referring to your bolding, I suggest you rethink this. |
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Pillar of the Community
United States
1840 Posts |
quote:
Referring to your bolding, I suggest you rethink this.
I've done a fair amount of research in commodities and figured it would be mean a considerable amount of time and effort to meet my long-term investing goals. However I am mulling over the pending NYMEX IPO. CBOT returns have been pretty impressive since their IPO last year. |
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Replies: 55 / Views: 3,775 |
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Posted 09/16/2006 11:08 pm
