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Opinions/guesses on rising prices of SILVER
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<p>[QUOTE="dan8802, post: 1153567, member: 28296"]That really depends on what your goals are. Do you want to: make a profit bearing investment? Protect your wealth as you progress through life? have a hedge against inflation? Have something to barter with "just in case". For me, I invest in silver for all of these reasons... However for almost all situations i would recommend:</p><p><br /></p><p>I would recommend putting a % of your paycheck into: half your funds into 1 ounce rounds or coins (ASE's or Maples), and the other half into junk silver aka 90% silver (Quarters, halfs, dimes, minted 1964 and prior). Junk silver carries the smallest premium, it is the most recognized, it is the most divisible if you need to barter, the most liquid, gov't minted, carries a small face value. So in summery, Put half your money into 1 ounce rounds (or bars, brand names are best, but thats another topic) or coins, and the other half into junk silver.</p><p><br /></p><p>As for the price of silver, I (and many many others) believe that it will continue to perform very well. It is still well under priced when you consider the historical gold/silver ratio.</p><p><br /></p><p>I would suggest that after you buy your silver, you hang on to it for virtually forever, or until you need to sell/trade it. Its like having a security blanket.[/QUOTE]</p><p><br /></p>
[QUOTE="dan8802, post: 1153567, member: 28296"]That really depends on what your goals are. Do you want to: make a profit bearing investment? Protect your wealth as you progress through life? have a hedge against inflation? Have something to barter with "just in case". For me, I invest in silver for all of these reasons... However for almost all situations i would recommend: I would recommend putting a % of your paycheck into: half your funds into 1 ounce rounds or coins (ASE's or Maples), and the other half into junk silver aka 90% silver (Quarters, halfs, dimes, minted 1964 and prior). Junk silver carries the smallest premium, it is the most recognized, it is the most divisible if you need to barter, the most liquid, gov't minted, carries a small face value. So in summery, Put half your money into 1 ounce rounds (or bars, brand names are best, but thats another topic) or coins, and the other half into junk silver. As for the price of silver, I (and many many others) believe that it will continue to perform very well. It is still well under priced when you consider the historical gold/silver ratio. I would suggest that after you buy your silver, you hang on to it for virtually forever, or until you need to sell/trade it. Its like having a security blanket.[/QUOTE]
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