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 Replies: 37 / Views: 4,370 |
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Pillar of the Community
Canada
1700 Posts |
Apparently, US debt is going up from time to time. I don't think that the government is going to find a solution soon.
I am planning to buy a roll of 25 silver maples or to start with.
As this is the first time, what are the risks? The price seems to have backed off during the past few months.
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Pillar of the Community
Japan
666 Posts |
US debt is going up from time to time.>>>
it's going up every 1/1000 of a second
risks depend on for how long you going to keep that silver.
one week - one might slightly lose
one year - 50/50
10 years - certain gain in value.
IMHO
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Valued Member
Canada
281 Posts |
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US debt is going up from time to time No no,try constantly http://www.usdebtclock.org/ There's risks crossing the street. I'm not a financial adviser but if you listen to investors like Kiyosaki,Sprott,Morgan,Maloney and many others, silver is the most undervalued asset in the world. |
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Bedrock of the Community
13014 Posts |
Its been going up every second for decades now like mentioned. The big risk is that silver bottomed out back to its 03 levels at 5 dollars an ounce and you lose a few hundred dollars. On the flip side that also means you would save thousands in new purchases so its not that bad when you think about it and may even be preferable. As long as you buy from a reputable source a price drop is really the only risk. Quote:
10 years - certain gain in value. I guess you can get a couple extra dollars for older years online if you sell, but theres no assurance the metal price will rise |
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Valued Member
Canada
121 Posts |
I recently bought some maples and a low cost 1kg Australian bullion coin from http://silvergoldbull.com/ and they were great. Have also bought from kitco and others in the past. |
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Pillar of the Community
Japan
666 Posts |
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but theres no assurance the metal price will rise though there's assurance that any fiat will fall in relative value. this assuarance is historically proved one |
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Bedrock of the Community
13014 Posts |
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though there's assurance that any fiat will fall in relative value.
this assuarance is historically proved one Thats true but thats not something precious metals are immune from, natural inflation happens with everything. For instance silver was 5 dollars in 1971 and 2003. Whatever the fiat lost the silver lost too. It hits spikes you dont see with fiat, but except for some spikes its largely been moving sideways the last 100 years |
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Pillar of the Community
 Canada
1700 Posts |
Yes, yes, I agree with natural inflation.
The reason why I'm doing this is because a portion of my money has already remained in my account for half a decade. I'm losing money from inflation even though I receive interest.
My question now is: can I keep my money from inflation by buying silver?
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Bedrock of the Community
13014 Posts |
The only real way to beat inflation is to get a return on your money that outpaces the inflation. Bank accounts certainly dont fit that mold with the current interest rates. A well paying dividend stock could fit that bill depending on how much youre talking about, but theres no assurance the value of your silver will go up enough to outpace it or even go up.
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Bedrock of the Community
Australia
21786 Posts |
The one year silver price history shows volatility, trending down.
Patience is needed here.
I don't see the silver price exploding upwards in the next 5 years,
but I do anticipate a volatile price trend upwards beginning sometime in the next 12 months.
If the stockmarket rises investors trend away from hedging (in this case, out of silver).
Unfortunately, the elephant in the refrigerator is still that huge national debt.
Because of the volatility, no one is going to be able to say when the anticipated trend upwards will begin, within that 12 month period.
That's why patience is needed.
AND a bit of courage as well!
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Valued Member
United States
200 Posts |
I would say it is a good time to buy silver but do not buy in anticipation of great returns anytime soon. Buy only as a percentage of your total investment to hedge your risks. Keep a basket of investments and that way, you will not get burnt badly if one or two of your investments fail.
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Pillar of the Community
United States
3789 Posts |
IF you like to get bargains and things on the cheap, NOW is NOT the time to buy silver.
What is cheap, WILL become cheaper.
Silver is in a clear severe downtrend. Instead of buying every dip and being underwater each time,, and not knowing when you will even reach break even, why not wait even more when silver prices really fall hard?
Don't be in a hurry to buy silver, its getting and going to be cheaper in the coming months.
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Pillar of the Community
Canada
1700 Posts |
yup7676,
Certainly agree.
One thing I don't get: when you say coming months, does that mean two or three or does that mean the year?
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Pillar of the Community
Canada
2019 Posts |
Personally I would buy some now, atleast get some paper into PM just in case your paper turns worthless in the near future , yes its better to buy it on the cheap but the way things are going $27 or $28 spot may look "cheap" at that point. Check out what this guy has to say... http://www.youtube.com/watch?v=5zD7xR0DGuEEdited by Northerncoins
04/02/2013 8:01 pm
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Pillar of the Community
United States
3789 Posts |
Peter
I say months, as in the sense that I dont think we wake up and bam, silver is down big. I think this trend plays itself out over months,,, its downtrend I am referring.... because in between this move lower it would not surprise me to find it retracing a move higher before again running lower.
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Pillar of the Community
United States
919 Posts |
There are 20 coins in a roll of ASE's. If silver drops another $5 an oz that comes out to $100 "lost". I spend more for a nice meal out. Trying to pick a bottom only works for the lucky ones. Even the pros admit that. |
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Replies: 37 / Views: 4,370 |
Posted 03/28/2013 10:22 pm
