Is Silver Worth Investing?

It has been going down lately so I would say it is a bad idea.

There is the hope that silver prices will skyrocket, but If you look at the history of silver in the US it's interesting how it has held it's value.

In 1965 when silver was removed from the coins a candy bar cost 10 cents, now that same dime is worth $1.50 to $2.00, about the same as the candy bar.

Back in the 1920's you could take 500 Morgan silver dollars into a car dealership and buy a brand new car, even assuming the Morgan's are valued at $20 today that is still $10,000 and it might not be the best car but a $10,000 brand new car can still be bought.

It all comes back to one thing you said...




If you love it, then it's worth it

But be smart about it, don't bankrupt yourself with 100 ounce bars

Edit:spelling

I feel silver will be a good investment but it's more of a long term play. Don't expect to be rich by the end of the year off it (unless something crazy happens to make it spike). I invest in silver because I'm fairly young (27) and plan on holding it until I retire or prices go through the roof. Buying a few bullion coins a month sounds like a happy medium as it's not to terribly expensive. Buying 4 a month at say $25 a piece would be $1200 a year. Not to bad as that would be 48 ounces a year if silver stays roughly the same price. I buy bullion occasionally if the price is right but enjoy older silver coinage better as they have collector value along with silver value. The main thing is to do what you think will be best for you, don't bankrupt yourself but silver should at the very least get you your money back in the future.

Thanks guys I will keep it in mind an decide where to go from here

Yes it is true, we all spend money on useless stuff, things we dont really need and has no real value. Its a case of WANT TO HAVE OR NEED TO HAVE, retirement well need to have is a obvious choice lol

I will follow your advice and see where it goes from here I will think before I make a large investment

Many people have asked me, why are you wasting your money on silver, I simply reply that I dont drink dont use alcohol and dont waste it, then I ask them why they waste their money on alcohol and maybe 5 bottles a month then they stutter, I know I have won the argument lol

If that statement was even 1/2 true I would be happy about telling anyone to invest in silver...

Simple economics.... supply versus demand... if demeand exceeds supply price would rise... The charts over the past 2 years to NOT contradict economics... there is more silver out there than demand..

Furthermore silver actually comes as a byproduct to copper and nickle minning... So mines that primarly focus on nickle extraction pay for their expenses from the nickel they extract all the silver they get is pretty much "free" and the good miners use this line the coffers of the company and keep a cash float... they don't care if the price of silver is $5 an oz or $35 an oz.. they will always sell it for pure profits..

Yes industry is starting to use silver in more and more ways ... but if you're talking about innovations like solar pannels or even medical supplies like silver lined bandages.. the true amount of silver in these products is actually quite small and not dictating the market...

ETF's were the cause of the large spike since '10 and now that most ETF's have enough in holdings to cover the "paper" trail... the price of PM's has once subsided again..

Course this is only my opinion.. .. once again.. I will be the first to be an advocate for both silver and gold.. but one must know what they're getting into first... don't always believe the "hype"

PM's are NOT a great investment.... they're a preservation of wealth