bars?

Would i be smart buying some silver bars? 10oz or larger for long term investing?

 

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Probably. Silver is one of the few things you can buy at the same price as 30 years ago. While this is a negative for some people, it more likely means that it is currently undervalued. Buy them from a reputable dealer.

 

I will! again thanks 99

 

So, when it is still at the same price 30 years from now ...it will still mean that it is currently undervalued but due to inflation, it will be worth less.

Sure, you can buy a few bars to add to your overall portfolio but as an investment vehicle, no, it's not smart for long term investing. PMs should be between 15-25% of your total investment portfolio. Diversification is the key to long term investing. To stock pile silver at the expense of other investment tools is not advised.

Have a nice day.

 

I would say it would be very safe!!

 

James, i have desided to do the opposit of ur thinking. 80-90% of my investment will be in PM (gold/silver) in 20yrs i dont think the dollar (if it still is still around) will be worth the paper it is printed on. Our current PREZ. LOVES printing&spending $ we dont have. As NORMAL thinking u r right, i am not normal either r the times we live in!

 

Crap. We aren't going back to 1979 again, are we? Please pick another year to talk about already.

 

You can't go wrong buying silver bullion. I like 10oz bars best.

 

Good luck to you. There are hundreds of ways to invest for the future. I only know what worked for me. I retired last year at the ripe old age of 45. I wish you much sucess.

 

Yours is the common reaction to investments of various types that sell for prices that have not risen for a long time. It's the reason value investing works. This isn't to say that all low priced investments are good deals. But when the fundamentals change, this is the sort of investment that will be most overlooked and therefore present the greatest profit potential. I think the probability of silver selling for $17 three decades from now is extremely low, but everyone has to judge this for themselves. Also, I've never been a proponent of diversification -- buy a little of everything and rebalance. Some investments should just not be purchased at all. Others should be overweighted. But it takes a certain level of skill and effort to distinguish between the two, and admittedly it isn't easy. Good luck.

 

Sweeps,

Thanks for you input. I love PMs and I have a ton of gold and silver stashed away but compared to my 401K, real estate and mutual funds, it's only 25% of my total holdings. Persoanlly, I favor a diversified portfolio approach to long term planning.

I started my own business in college and I recently sold it to a much larger company for a unimaginable amount. Now, I'm set for the forseeable future and so is my extended family. I love stacking bullion and will do so until my final breath but I just can subscribe to pale's 90% PM business plan but then again ..anyone who seeks out investment advice from a coin forum is just looking for trouble.

 

90% invested is troubling. If the price goes down, those invested 10%-40% will see a buying opportunity. Those 90% invested will just see a big loss.

 

At last the voice of reason.

 

After reconsidering my over all plan i completely forgot to add in my state retirement plan which makes up the bluk of total $. So when adding this plus my roth IRA as of now that makes up about 85% total of money put in for retirement. The $ i have for take home pay that i defur to PM and IRA is split 80%-20% in favor of PM so i am alittle more normal then i thought

 

Yes, it does appear that you are more normal.

One thing to remember is that investments change and your needs change as you age, you can be more aggressive in your 20's than you can in your 40's because your time horizon (the ability to recover from a great loss) is much longer. As you move into your 50's you concerns are more toward asset protection than risk taking.

PM's bought quarterly or yearly for the duration of your life is what I subscribe to. The costs will vary but over time you dollar cost average. For example, now, I'm enjoying the profit of selling the ounces of gold that I bought 20 years ago at $350 an ounce and the ounces of silver that I bought at $8 an ounce.

 

You can say that again!

 

That's about a 6% pretax annual return on the gold and 5% on the silver over a 20 year period.

 

I started buying PM's back in 1975 and have kept the levels at 2500 Oz of silver and 500 Oz of Gold.... I sell on highs and replenish on lows like today.... But never did a 80/20 split for PM's.... 75% markets, 10% silver, 15% Gold...... Still have 10 yrs to go till 65 and I should be sitting pretty.....

 

That's why PM's are only 15-20% of my diversified portfolio.
Luckily all my extra cash went into my business that I sold last year for 38.5 million. A much better return over the same 20 years.

 

Sometimes it's harder to hang onto money you have than to make it in the first place. They are two different skill sets and most conventional wisdom is wrong. Congratulations and good luck.