How should I invest in silver?

I've been blessed to have quite a bit of extra money that I do not need right away. I typically put my money in Certificates of Deposit at times like this, yeilding about 5% interest every year. But this time I want to try investing in silver. I would like to hear your opinions on the best way to buy bulk silver. I'm thinking of buying a few hundred silver american eagles from APMEX (Today they are at $14.12/oz). Obviously there are some slightly cheaper forms in which to buy silver, but I believe that the ASE's are the best way to go. What do you guys think?

Do any of you have large sized silver investments? What form does your silver take? What would you buy right now?

 

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I honestly would try something else than the ASE's, you can get others cheaper for the same amount of silver. APMEX is a good way to go though. Currently I have all my funds and such invested into a great company called "Phoenix inc." j/K Good luck with investing in silver. :thumb:

Phoenix

 

Buy what ever you can get closest to scap. Maybe Canadian coins?

 

There are literally hundreds of threads on this forum containing excellent advice - try searching "silver investment" or "precious metals investing."

 

Well, gold is dropping like a rock and silver has had over a 80% increase in the past two years, will it continue? It seems to have stalled at the $13 range. Personally, I just rolled over my CD's for 2 year periods all depending on the presidential election.

 

That's like investing in silver and foreign exchange at the same time. Good thing the Canadian dollar is at it's strongest point since the 70's.

 

A few hundred ASE's? Where will you be storing those? The cheapest way is to buy bullion - bars and whatnot. But then you have to sell it all at once too. I think alot depends on how you may want to liquidate it one day - $5 at a time or $5000 at a time?

To be perfectly honest, if I had several hundred dollars right now, I wouldn't be investing in silver. But I've been wrong before - ok, I've been wrong about 25,000 times before

 

Junk silver.

 

If you've read many of these type of posts you would know by now that what you did was ask a silly question. Well maybe not silly, but surely not logical. That is like asking a used car saleman if you should buy a used car or a new one? How about asking a cab driver to just go for a drive? I want to paint my garage, what color should I paint it? I want to get married, who should I marry? Should I cut my grass on Saturday or Wednesday?
As to investing in Silver? Who knows? Me. I've put all my money in Buggy Whips. With the prices of gasoline, I predict the return of the horse and carridge.

 

Personally, with tax, I think you just don't make any money out of silver.

 

Question is this: do you think the price of silver will go much higher? If so, then yes, it's an excellent investment.

 

storing a little extra silver never hurt

 

If you just want silver, then I'd go with junk 90% silver coins. 1964 kennedy's would be your best bet. You can get them in huge quantities for melt value online.

 

I believe platinum would be a much better purchase at the moment than silver.

 

Stock Market-Stock Market-Stock Market-Stock Market

 

stock market...geez, ask my mother-in-law what happened to all her money when Enron took a nose dive.

Silver market,,it was hot like it is now and the bottom dropped out over night

 

Based on what you said, I presume you have no numismatic interest in the coins you buy, and only want to profit from the silver. I am not an investment advisor, and I have never personally used their services, but in your situation you might want to take a look at fidelitrade.com to see if any of their services meet your needs. Northwest Territorial Mint at nwtmint.com also has some nice products and silver rounds closer to spot than american eagles.

 

Enron...ouch.

 

tell that to the hunt brothers

 

yeah...her husband died and she listened to her daughter about investing 100,000 in the stock market. Then she left it up to the Agent on what stocks to invest in.

Less than a year later...all gone

Then her daughter says "Oh I would never invest in the stock market"