Questions On Investing In Silver For Profit.

Welcome,

Many on this site enjoy silver collecting as a hobby, and not as an investment. If you are looking to buy/sell on a dollar change in spot, I wouldn't even think of physical purchases.

Some buying physical plan to hold for a minimum of 5-10 years, others longer. In a sense, this is no different than buying a home, and selling when the price goes up a small percent. Most figure at least 5 years in a home to break even.

Anyways, just my opinion.

The problem with your plan is as soon as you buy you are in the hole. Buy silver futures.

A good haven for holding value, is my final answer.

Buy 10,000 ounces of silver? $160,000? No way. I like silver but not that much. Maybe 10% of that amount as a long term hedge stack.

Yea I don't think you can really invest short term in Silver unless you had a large amount. Don't major online PM traders pay spot? And yeah I couldn't believe that my LCS pays spot! And Ya even if you bought like 100 oz and it goes up a dollar and once you factor in shipping and gas you don't make much money off of it. That's why I was like if you bought an absurd amount like 10,000 onces and waited for silver to go up a dollar and sold for spot and made just under 10k profit, and then just rinsed and repeat time and time again, that I could see being beneficial.

I don't have enough cash to buy 10k profit, well I don't own my own place yet and saving up to purchase a cheap home in about a year so I don't want to take that risk yet. But yeah if you had like 17k sitting around doing nothing and in good shape why not.

I was just wondering if there were any big time dealers who try this.

I'm thinking in the middle of the next recession when it bottoms out I'll buy lots and than sell within 1-2 years into the recovery years to see if I can get a profit.

Could you imagine buying 10,000 ounces of silver in 2008 and selling during April 2011 and 5 times your money profit . Could buy a car or two or even a cheap home haha

I think next recession will be even worse and the gains better I'm betting on the next recession for profit purposes

Yeah but I don't know if it's really worth the risk unless you invest a serious amount of money into PM.

Like lets say I buy $1000 worth of silver from SD Bullion buying the .49 cents over spot rounds

1000/(17.24+.49) = 1000/17.73 ~ 56 ounces ~ $992.88
+ 7.78 S&H fee = 1000.66
7.78/56 ounces = .14

So I end up paying .49+.14 = .63 over spot per ounce
Lets say silver goes up a dollar in spot since I bought it and I some how sell at spot I make .47 an ounce or $26.32 profit which is less than an hour of work pay for most people that have money sitting around to invest. Don't forget that sometimes it can be hard to buy so close to spot not to mention selling at spot.

I don't see it really being worth the risk unless you invest a substantial amount of cash into silver. People freak out when silver shoots up by a dollar or two a day. Unless though people own a substantial amount of silver it's not really much of a large profit. Even if some how you double your 1,000 dollar investment, and sold for 2,000 USD total and made a thousand dollars was it really worth the risk?

I'm thinking unless a potential return is worth at least one paycheck than it's not really worth it, and when you consider that most people who have extra money sitting around make more than double 1k a paycheck and that 1000 is probably like 1/2 of what they get a paycheck... I don't know that it's really worth it.

I can see chearing and jumping up and down when silver jumps by a dollar if you owned 1000s and thousands of ounces, but otherwise I just don't see the risk being worth it.

Perhaps if you knew that it was likely it would triple or 5x in price. I think in order for that to happen the next recession will have to hit and we would have to wait until the recovery years. However if the next recession is worse that 2008-2009, which I fear it may be, or that the next recession will mean the collapse of the dollar, than we may have more important things to worry about like finding food to eat and so forth, and won't have extra money to invest

if the dollar collapses than it might be good to buy silver now... but if inflation shoots through the roof and milk costs 100 USD and minimum wage is 80 USD an hour than it'll be fine.

I just think shot term is not so could unless you invest a large amount, otherwise invest for long term to keep up with inflation.

How do u buy those? I know close to nothing about stocks besides the history of it. And it costs money to sell shares? Sorry I'm a noon at it. Like what site do u use?