A dealer up the block from me is selling all his 1oz silver bars(Englehard) at 14.95 each out the door.............should I buy as many as i can afford, or look to invest in something better? Thanks for the help!
most/if not all the research i have done says silver is on the rise....i'm looking to hold it for 10-20 years....so it would be a long term investment. So, yes i think it will go up!
At that price it's not like you'll lose a lot of money if things don't go good for silver. Might be fun to buy some just to play the market a bit. Guy~
If you like silver and its prospects, it would be a good buy. I prefer coin silver but Engelhard bars should be fairly easy to resell someday.
Howdy, It's a good price considering the spot price of silver bullion. You'd rather have Engelhard or Johnson-Matthey if possible. Silver predictions? Geez, I wish I knew. I'm playing it long up to my eyebrows with mutual funds, ETF's, individual mining stocks and bullion, but I've been wrong before and will be wrong again. This is the peak season for bullion with late spring being the weak season. Note that this is an historical pattern, but could be disrupted by any number of unforeseen events - black swans, if you will (e.g. bhutto's assassination). If it was me, I'd DCA (dollar cost average) into your target holding. This is where you choose a time frame and make regular incremental purchases until you reach the end - and your target holding. Let's say you wanted to own 100 oz of silver and wanted to get there by June 2008. You could buy 10 oz. every two weeks, or 20 oz. every month. In this way, if the price goes down, you buy for less and if it goes up, you buy for more, but what you own becomes worth more. The net/net is you Average out your purchase price over time to negate market flucuations. peace, rono
Rono, I have a question about these type of one ounce silver bars mentioned.You said to I inherited a bunch of (over 100+) silver bars. Some Engelhard and some from various mints, US silver corp, First Nat. Bank of Chicago and others. All are marked .999 silver, all one ouncers, what is it about the Engelhard bars that give them a premium? Also, what are the others worth compared to the Engelhards if sold? Thanks for any info you may have.
