questionswhat are your thoughts on buying silver (or any…


You mean appreciate or depreciate in your safe. No precious metal investment is a sure thing.


I'll take my chances. Silver is cheap and it can only get better if the (Profanity) hits the fan.


Considering silver was worth $13.00 an ounce just five years ago and the state of the economy, I believe the price is a little too high at the moment.

Precious metals seem to be more valuable when the stock market is down and less valuable when the stock market is up.

If you are buying precious metals right now you are fulfilling someone else's investment they bought five years ago.


Keep in mind that income from the sale of actual god or silver is taxed at the "collectibles" rate of 28% for the IRS. If you buy shares of mutual funds that invest in precious metals, you get capital gains rates if held 1 year or more (0% or 15% tax depending on your bracket). But, I'm thinking that people that buy actual metals aren't too concerned about the tax impact.


I've said this before, but it bears repeating.

Those of us who follow the adage of "Buy low, and sell high" appreciate those of you who do not.

If you had purchased silver five years ago, and were selling it now, you'd show a bit of profit. Keeping it for the long term? Unless you're planning on making jewelry down the road, I think you are in for a sad disappointment. I have friends who speculate in the commodities market, and most of them have backed off from large positions in gold and other precious metals. Here's a nice chart where you can look at the price today (and over time).

A more significant measure is SPDR, and you can see that gold shares are in a downward trend.

You are currently paying MARKET prices for silver, but will not be able to sell it at that price, since you are limited as to who will buy raw silver ingots.

I may return to this later.


What @shrdlu: said....

Ammo would be a better investment if you are seriously concerned about currency loosing it's value...


Thanks for all the input, I will still continue to buy a few ounces at a time.

I agree ammo is a great purchase, if nothing else you can take your family out and shoot stuff.


@benyust2: Good to know, I don't plan on cashing in any metal. I can buy a gun or go to a farm and have a whole cow diced up for me with gold/silver.


Hello Readers

AS I wrote at seekıng alpha ın 2nd of may sayıng ıts tıme to BUY silver for long time perıod and ı keep buyıng sılver and gold sınce 2001 whıch when world trade centre hıt and ı kept warned all ppl around me even tho when they laughıng at me thıs era wont be the same ın human hıstory so sell everythıng you have and put all your money 4 dıfferent optıons for a decade buy Silver THEN SWITCH TO GOLD 3rd one ıs stay on cash and last one ıs try to buy land so you can be farmer durıng monetary collapse so that means no matter how hard they try to solve all those economıc problems whıch they wont be able to do ıt even tho they want ıt to for next target wıll be for SLV 38-39 then pull back to 33-34 then wıll hıt 46-48 then pull back to 38-39 then next target wıll be 62-65 just warnıng you thıs set up wıll be made of sınce ıraq gulf war started ın 1991 they made new road maps to destroy all human beıng so ım just sayıng ww3 wıll be tıl 2020