Interesting article on exercising caution investing in silver.

Check out this article on exercising caution investing in silver in current market:

http://www.commodityonline.com/news/Be-cautious-investing-in-Silver-38448-3-1.html

Advice is to buy when silver pulls back to $25-$35 range and stay away from numismatics as an investment vehicle.

TC

 

Log in or Sign up to hide this ad.

Interesting and sound advise, If you can not afford to lose the money
But then again ANY investment on Wall St. is a risk in the current market.
I never put out any money that I could not afford to lose. In ANY Investment.
As far as the numismatic aspect. That is my hobby.
I have had FAR more expensive hobbies in the past than numismatics.

 

I think I would like to make a small correction to your statement: The part about "not investing in numismatics" in the article referred to new investors who wanted to add silver to their portfolios. Not just everyone. Of course if you're a serious silver investor with bullion in your portfolio, you'd want to stay away from worn out silver pocket change as your investment.

I think that right now the price of silver is erasing some of the numismatic value of coins while at the same time increasing their cost just because of melt value. But think of it this way... if silver is going to stay with us at a higher price and never drop back into more "reasonable" numbers, a numismatic premium will return to the coins and add more value to them in the future when this "silver fever" cools.