Silver As An Investment ....need Suggestions, Silver, Investment |
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Mar 18 2008, 03:22 PM
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QUOTE(annadenise @ Mar 18 2008, 12:34 AM) [snapback]4757941[/snapback] Aren't you in a good silver program, Ken? Another good way to do some accumulating. Bruce had a few collectable silver coins we inherited appraised and they were over 1K in value. We have a lot of others my dad have accumulated that I inherited. I have a safe in the house, but never lock it - that does a lot of good. Better start locking it - I just now thought what if Eric is hunting for change and thinks they are just quarters.  Yes Denise I am in a good silver program. In fact, I am in 2 good silver programs. I joined under Hula in both and am very happy I did. My mother passed on a box of coins she had collected to my son. We never have had them appraised. We should do that just to see.... Ken
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Mar 19 2008, 04:27 PM
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From: Gold World article titled "Silver Investing Outlook"
Hi-Ho Silver, Away!
Since the beginning of 2008, silver spot prices have increased from $14.86 an ounce to as high as $21.349.
This represents an impressive 44% increase, or over twice gold's 20% year-to-date gain.
In a Gold World article titled "Silver Investing Outlook," we pointed out that global silver demand is expected to exceed supplies this year, despite an expected surge in mine production and lower fabrication demand.
Much of the bidding will come in the form of investor demand, as speculators ramp up buying the monochromatic metal this year as an additional hedge against inflation and the falling US dollar through physical and ETF investment. We expect this deterioration of silver's supply-demand fundamentals to be the driving factor for prices in 2008.
"How high will silver prices go by the end of this bull cycle?" is the $64,000 question. Of course, we've heard the über-bullish predictions of silver reaching $400 an ounce, $500 an ounce, and even $871.38 an ounce. And while I can appreciate the excitement and zeal that these fellows have for gold's closest relative, I believe that there's really little to no chance of silver prices increasing to those levels in the foreseeable future.
However, if we consider the average gold/silver price ratio and the inflation-adjusted highs of the last metals bull market as meaningful tools to help determine the top for silver this time around, we see that silver prices have a good chance of reaching over $50 an ounce, and could even soar over $150. These estimates represent an approximate 250% to 650% increase from current levels.
$50 an Ounce... Are You Investing in Silver Yet?
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Mar 20 2008, 01:20 AM
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EDITED: SPAM
This post has been edited by mmgcjm: Mar 21 2008, 04:18 AM
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Mar 20 2008, 07:01 AM
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Hmm....is investing in silver profitable now ? Anyone kind to provide some experience on silver investment. Only invested in gold before ...lol
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Apr 9 2008, 08:14 PM
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QUOTE (Creation @ Mar 20 2008, 11:01 AM)  Hmm....is investing in silver profitable now ? Anyone kind to provide some experience on silver investment. Only invested in gold before ...lol I would say yes, if you can buy it at a good price. I buy it in the form of coinage and sterling flatware. Check your local auction listings for sales that may have these types of silver items. Sometimes you can get these items far below spot price at auctions. This way if the price of silver drops you may not lose money.
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Apr 19 2008, 06:51 AM
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Silver is a great investment. Remember you can collect small amount every month as your budget allows. After a few months, you will have many coins on hand. After a few years, now you really have something to look forward to. Remember that coins can increase in value at a much greater rate then the silver itself. Keep them in a safe place, don't handle them and they will be worth much more then many other coins that simple are play things to some people. Look around and see what some coins sell for after a few years.
Start small and stick with it. These programs allow you to really invest in your long term future and have something to hold on to.
Silver coins make great gifts also for your friends and family that are hard to buy for!
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May 18 2008, 08:35 PM
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QUOTE (annadenise @ Mar 17 2008, 08:34 PM)  Aren't you in a good silver program, Ken? Another good way to do some accumulating. Bruce had a few collectable silver coins we inherited appraised and they were over 1K in value. We have a lot of others my dad have accumulated that I inherited. I have a safe in the house, but never lock it - that does a lot of good. Better start locking it - I just now thought what if Eric is hunting for change and thinks they are just quarters.  Silver is where it's going to be at....the US DOLLAR is going nowhere but down ,down down.
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May 18 2008, 10:35 PM
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With the advent of all the volatility in commodities now, I think any precious metals are necessary staples.
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May 23 2008, 08:50 PM
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QUOTE (bullion @ Apr 19 2008, 07:51 AM)  Silver is a great investment. Remember you can collect small amount every month as your budget allows. After a few months, you will have many coins on hand. After a few years, now you really have something to look forward to. Remember that coins can increase in value at a much greater rate then the silver itself. Keep them in a safe place, don't handle them and they will be worth much more then many other coins that simple are play things to some people. Look around and see what some coins sell for after a few years.
Start small and stick with it. These programs allow you to really invest in your long term future and have something to hold on to.
Silver coins make great gifts also for your friends and family that are hard to buy for! Silver is not really an " investment " ... but it's real currency , and it will hold it's value , unlike our crappy fiat money that we use each day.
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