Just wish I'd bought some silver...!

Skeptic

Skeptic

Skeptic

Soldato
Joined
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So, there I was a few years ago thinking 'hmm, I have a bit of money, where should I invest it?'

Many people said to me 'Hey, try silver. It might just make you rich' I didn't trust these people. I wish I had.

http://silverprice.org/silver-price-history.html

Is it too late? Will it go higher? Who knows..

Did anybody do what I should have done and buy some? Time to get out?

Missed my chance to be a bazillionaire again!
 
Interesting. My and my buddy was talking about silver only yesterday. He's a big shares person, has to do his own tax return because of his income from the stock market. Anyway, he said the silver is big business at the moment, and precious metals in general e.g. platinum. Sadly he didn't get onto the bandwagon, although he's done pretty well despite losing a fortune with BT :-P
 
Paul11 said:
Completely disagree

Yes it will go higher. I have been buying silver for quite a while

Estimates are that it will still more than double

Target at over 100 dollars an ounce
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I'm going to sink a couple of k into it I think. Where do you personally buy from? The only thing I'm concerned about is getting rid of it once I have it!
 
Paul11 said:
Completely disagree

Yes it will go higher. I have been buying silver for quite a while

Estimates are that it will still more than double

Target at over 100 dollars an ounce
Click to expand...

You would disagree. You've got money sitting in silver and people whispering nice things you want to hear.
 
fus said:
Yes. Why?
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Assets driven by fundamentals shouldn't change that much overnight due to a short term rule change. Even if they do, they should recover what they lost very quickly (after all the fundamentals suggest the high price).
 
fus said:
I'm going to sink a couple of k into it I think. Where do you personally buy from? The only thing I'm concerned about is getting rid of it once I have it!
Click to expand...

for selling: there is a huge market on ebay.... priced right, it sells easily

investing in silver is a long term strategy. i wouldnt invest in it for short term

buying: you need to spend some time researching.. i have some good sources that i have built up over time that i buy from at just under market value... (email in trust)
 
thewanted said:
You would disagree. You've got money sitting in silver and people whispering nice things you want to hear.
Click to expand...

well i only go on what i have researched myself..

i believe there is more to rise.

irrelevant of what people say in this thread, i have money invested and that is proof of what i believe.

its long term.. but its set to rise more still (not only my words, words of people more knowledgable than me if you go and do some research)
 
Yes it will go higher along with gold, we are entering a double dip recession (quite possibly a depression) and governments will continue to respond in the same manor by trying to inflate their way out of this mess. With interest rates at virtually 0% that just leaves more legalised counterfeiting aka quantitative easing and that can only mean precious metals along with other commodities will continue to rise...
 
This thread is also prompted by me attempting to open a regular savings account earlier; £250 (maximum deposit) each month, for a year, would earn me £9.60 in interest. First month; 80p!
 
thats another good point.. if you have some money and you want to save it in a bank (or other investment)

what type of return will you get?
 
Paul11 said:
for selling: there is a huge market on ebay.... priced right, it sells easily

investing in silver is a long term strategy. i wouldnt invest in it for short term
Click to expand...

Sorry, but silver and even gold is rather speculative in nature. If you look at the long term peaks, the market peaks then drops quickly, usually, so is rather peaky in nature. Most of the time silver is under $10 an ounce. Just as fear and greed etc drives the ftse down, the same thing can push up other financial instruments such as commodities even if the fundamentals dont necessarily support it, jsut as the ftse being down 15-20% in a week when actually the market hasnt actually chnaged much.

I like silver and gold, in fact have traded futures in the past but IMO now is NOT the time for someone with new money to throw it into the market. I could be wrong but everyone seems to be talking this talk at the moment....when the shoe shine boy recommends a stock it's time to sell, maybe rings true.
Who knows, maybe silver will stay up long term but I suspect in a few years time it'll be somewhere around $10. If it it does, maybe then is the time to buy for the long term again, ie, 20+years
One of the issues with gold, arguably, is that every ounce ever mined is still in existance, so one could argue that actually it's price should deline long term :). It can be a good store of wealth during these times but I fear when the bull breaks it's going to dive v.quickly.
My personal opinion is that stocks will be the place to be in the coming years, partly because it's been a bad market for years now.
 
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