Recently, there have been rumblings in the mainstream media covering market pundits who are falling onto the silver bandwagon. After the Hunt brothers silver debacle of the late 1970s and early 1980s, silver has been the pariah precious metal. Now, at long last, investors are starting to see the light albeit dimly. Gold has always been the sexy, shinier brother that gets all the press coverage while silver has taken a seat way at the back of most investors' portfolios. Let's start with a price chart for silver (in grey) and gold (in yellow) from 1975 to 2007: http://www.oyetimes.com/views/columns/7976-silver-the-qpoor-mans-goldq
That chart is kind of interesting, and if we saw one extended into 2011 it would be even more striking how the current elevation of prices is different from the spike in bullion prices in the 1980s.
Silver is no longer the poor man's gold, and the prices are definitely going to go up, as the reserves are running out. A major part of silver supply comes from smelters producing other metals as a byproduct. If this amount increases, then the prices may stabilize, else they will rocket upwards.
That's great information, but do you really recommend investing in silver? I might rise, but I'm not sure it'll skyrocket. I don't know much about silver, as I'm more into gold, but I do wonder, at these times, which one is the wiser investment?
Both Silver and Gold are risky investments. I would recommend both, since the mine supply is decreasing for both the metals. So, in my opinion, the prices should go up now, and in a five to ten year term, it should give you very good returns, perhaps even better results than those from the stock market.
Interesting tip, thanks, I'm still thinking it over, but I might try and find a dealer. Or maybe one of them jewlery shops..
No.... not with jewelry. I have already talked about it in some of the other threads. Jewelry is not a clever way of investment. Bullion coins to some extent can be, but never jewelry. It is not cost effective, and definitely not suited for short term investment.
Silver has a bright future. It has a lot of catching up to do and needs to reach $120 just to get back to the historic ratio.
Silver is a wonderful investment especially for hedging against the US dollar collapse. Who knows the amount of money it could go for in the future. i am sure once the manipulation by JP MORGAN and Goldman S. has ended the price should be $100+ it has a really great future ahead of itself. Always invest in the "white metal"! Happy accumulating!
another big question to ask yourself is if silver and gold are real money, that's the first part of the question which I have found most people who are into gold and silver bullion have no problem understanding, but the real question which can be derived from the first is alittle bit of a chicken and egg question and that is when the price of silver or gold is going up, is the silver or gold really become more valuable or are the tools used to measure the value of gold and silver losing their values? In either case, regardless of whether the value of the measuring tool is going down or the value of gold and silver is going up, it seems like a pretty good idea to own gold and silver regardless of which side on which the chicken and egg question was answered. The most unique feature of this chicken and egg question is that it can be answered on both sides of the equation at the same time, especially of Mrs Bernanke (i.e. Jane whatsherface, who's the proposed replacement for Bernanke) decides to print more money and the manipulation, at the same time, gets to a breaking point where gold and silver does it's historic accounting for the number of ounces of physical gold and silver as well as a very small few of the more key base metals in existence (i.e. copper and nickel), than we'll have both factors at the same time driving prices up in all these metals based on the percentage of all the paper currency taken up by each metal.
