Silver investors take a look

[hmtm]

Where is the best place to learn about silver, and where and how do you purchase it. Wouldn't mind buying a thousand dollars or so of it.

Check out jmbullion for purchasing. It's a good time to buy and they have some good reading on their site.

 

[hmtm]

Okay IF... A person wanted to look at silver as say a 6 to 12 month investment what would you more knowledgeable cats advise. Say with about $500.00 to throw at it. I was looking on line at com s versus the bullion 1oz pieces. And I haven't yet found out how to track the prices and trends of which way its headed. But from what I can see its down a good bit from where it was last year. And I agree with you guys that like it in smaller increments. I mean if it came down to a financial collapse situation I'd rather try to barter for a tank of unleaded with a few Maple Leafs than a 1 oz gold piece that I can't afford to begin with.

I personally would not look at silver or any metal as a short term investment. Just my thought..I am in it for the long term investment. If it was $49 in 2011-2012 what will it be worth in 30 yrs type thing.

 

[Patronus]

LOL... I don't think I have 30 years left.

I look at silver as a SHTF investment.

 

[letusbuyyourcar]

LOL... I don't think I have 30 years left.

I look at silver as a SHTF investment.

Yeah I'm lookin at it kinda like you are. I just got off the phone with Monex. They offer a free DVD on silver investing. Down side was that I had to talk to some Yankee phone sales guy to get it. But I wanted to put between $500.00 and $1000.00 somewhere it would be safe for the short term. And if I put it in savings the credit union gives me some fraction of a percentage . I don't have gold money or real estate money. And stocks are like watching the sports ticker. I can't go that route.
Me and the wife want to move to either Glynn or Cmaden County this year. And I have zero save up to do that. I feel like if I buy silver now it may not make much of a profit but its a good savings tool that I can't get hurt too bad by using. At around $16.00 an ounce like it is now I don't think I can lose by sinking $500.00+ in it for the short term. Then again I'd love to buy in at an even $10.00 per ounce.

 

[Patronus]

Remember that YOUR buy price and the institutional buyers will not be the same. What that means is that if you buy an ounce right now for $16 and try to sell it, the institutional buyer will only give you $!5 for it. Just an example the actual rates will be different but always tipped in the big buyers favor. Not yours. So even buying at $16 an ounce now CAN lose you money in 6 months if the spot price is within a dollar or two. There are MUCH better short term investments. On the other hand, the stock market may tank and oil may soar dragging metals up to where silver tips $30 an ounce. Then even after losing the "house cut" you could still make $10 an ounce profit. So at $16 an ounce you will be buying about 31 ounces. At a profit of $10 per ounce it's a $300 profit. Weigh the ups and downs accordingly.

Usually metals are more a long term investment or a short term hedge. Not a short term investment.

Consider your goals and then consider whether metals actually help or hinder the attainment of those goals.

IMO(and it's worth nothing monetarily), silver is not presently a great plan for a six month investment. But I'd ask someone who REALLY knows (and not someone who makes a living selling silver or silver based investment accounts like Monex).

 

[letusbuyyourcar]

Yeah, I suppose that a better short term investment would probably be a dozen stripped lowers. They can probably be had now for under $80.00 each. Then I just sit back and wait for some idiot to make the nightly news. Then BAM! I'm sitting on a dozen $300.00 lowers.

That's not TOO douchebag, is it?

 

[titan2k10]

If the **** DO hit the fan the first thing that will collapse is the economy(well one of the first things). So paper money will be worth less than toilet paper. Historically, metal coinage takes over as currency as the main viable alternative to barter. If it does all blow up, you really wanna be carrying around a sack of chickens to trade? I'd never argue against stocking up on ammo but I'm just not sure I'd want to use it for barter...arming others is what the US has been suffering from in Afghanistan and other places for decades. And whatever we bartered weapons and ammo for has usually ended p costing both the weapons AND whatever "good will" we were attempting to buy with it. I'll trust in silver for post SHTF commerce...well that and my surplus of TP, firewater and canned goods and keep the lethal "trade goods" for my self and family.

lol the paper currency will be worth more than buillion....it honestly will. it will serve so many more important purposes in daily life like toilet paper.....I find it hilarious that people are banking on bullion (pun intended) to serve as a currency in a SHTF scenario.

 

[titan2k10]

Yeah, I suppose that a better short term investment would probably be a dozen stripped lowers. They can probably be had now for under $80.00 each. Then I just sit back and wait for some idiot to make the nightly news. Then BAM! I'm sitting on a dozen $300.00 lowers.

That's not TOO douchebag, is it?

It is illegal.

 

[Patronus]

lol the paper currency will be worth more than buillion....it honestly will. it will serve so many more important purposes in daily life like toilet paper.....I find it hilarious that people are banking on bullion (pun intended) to serve as a currency in a SHTF scenario.

I find it hilarious that people never learn the old adage "Those who forget the past are doomed to repeat it."

In the early stages of a societal breakdown the only system will be theft and barter. Once some retrograde society begins to coalesce the barter will become more formalized and the need for a currency will become stronger. A fractured society will not trust a fiat currency and only a value based currency with intrinsic value will be honored. Precious gems for those few who can manage but not many. Thus bullion. For ten thousand years gold silver and copper have been used in monetary capacities. That is one constant that will survive. Hilarious isn't it?

 

[Patronus]

And if you have ever wiped your ass with a dollar bill, you know that suggesting using currency for toile paper is bull **** too.