Got some money...invest it?

[TW]Fox · 24 Mar 2011 at 21:17

LeJosh said:
In other words, my advice is correct advice?

To be honest, yes.

It's mainly Mr 'hi i have silver invest in silver did i mention i had silver its all about silver'

Paul11 · 24 Mar 2011 at 21:17

[TW]Fox;18745196 said:
Nice graph. Got a 20 year one?

sure, go here and change the metal top left to silver

you can then change the date range as far back as 20 years

http://www.bullionvault.com/gold-price-chart.do

but the boom that was predicted one year ago , has occurred and the future predictions are that it will at least double in the next few years

im not trying to push anyone into anything and any investment should be done on the back of solid research

ive said my opinion, im going to leave it there

thanks for the interesting banter

[TW]Fox · 24 Mar 2011 at 21:18

Paul11 said:
sure, go here and change the metal top left to silver

you can then change the date range as far back as 20 years

http://www.bullionvault.com/gold-price-chart.do

Shows us quite nicely what the risks are. I bet people in 1980 thought the same you did about silver.....

LeJosh · 24 Mar 2011 at 21:20

Wish I had gold 6 years ago, to sell today. :eek:

Greenlizard0 · 24 Mar 2011 at 21:20

[TW]Fox;18745191 said:
I'm more than happy to be personally insulted when I'm arguing the toss about Corsa interior plastics in Motors but when I've done nothing in this thread but try and provide the OP with a little bit of sensible and realistic advice against a backdrop of ridiculously inappropriate suggestions I find your insult quite offensive.

That may well have been your intentions, that I'm not laughing at, it's more the way you both started at each other.

Very berk-like. If you find that offensive, pretend we're talking about Corsa interior plastics.

Paul11 · 24 Mar 2011 at 21:21

[TW]Fox;18745226 said:
To be honest, yes.

It's mainly Mr 'hi i have silver invest in silver did i mention i had silver its all about silver'

ok, well lets come back in a years time when i can say "told you so"

until then, lets say you are right and its reckless

LeJosh · 24 Mar 2011 at 21:21

[TW]Fox;18745240 said:
Shows us quite nicely what the risks are. I bet people in 1980 thought the same you did about silver.....

30 years ago doesn't really account to todays market. But does account for the risk involved, I agree.

I'm certain the smart guys knew it would crash in the late '70s and sold.

From '91 to today it's risen and only risen really, judging from the graph provided.

PMKeates · 24 Mar 2011 at 21:22

Paul11 said:
ok, well lets come back in a years time when i can say "told you so"

And let's say it doesn't, and the price falls, and your advice results in a 16 year old's life savings being reduced in value by 80%. How do you feel then? "but the experts said" doesn't work!

LeJosh said:
30 years ago doesn't really account to todays market. But does account for the risk involved, I agree. I'm certain the smart guys knew it would crash in the late '70s and sold.

Sure, but is Paul11 one of those smart guys? Even if he is, will be become the OPs financial advisor 'till the end of time? Probably not. The options are the OP learns and fully understands the silver market, what's causing the price rises, what's causing those causes etc. or he doesn't invest. Investing without understanding is a total throw of the dice gamble, not investment.

Paul11 · 24 Mar 2011 at 21:22

LeJosh said:
30 years ago doesn't really account to todays market.

From '91 to today it's risen and only risen really, judging from the graph provided.

exactly and predicted to keep doing so

[TW]Fox · 24 Mar 2011 at 21:23

LeJosh said:
Wish I had gold 6 years ago, to sell today.

Retrospective investing is super easy

Paul11 · 24 Mar 2011 at 21:24

PMKeates said:
And let's say it doesn't, and the price falls, and your advice results in a 16 year old's life savings being reduced in value by 80%. How do you feel then? "but the experts said" doesn't work!

ok , well depends on what kind of person the individual investor is

play it safe, make nothing

play it risky, possibility of it doubling

all based on research, im not saying to go put it on black..

[TW]Fox · 24 Mar 2011 at 21:24

Paul11 said:
ok, well lets come back in a years time when i can say "told you so"

until then, lets say you are right and its reckless

I'm not saying it won't rise and I'm not saying it's a bad investment for everyone.

I'm saying you dont put all of your life savings, aged 16, into a single commodity.

I suspect what you've done is got lucky rather than have any real investing talent or your posts in this thread would have been slightly different I feel

POB · 24 Mar 2011 at 21:25

Also you have to be 18 to buy shares anyway.

LeJosh · 24 Mar 2011 at 21:25

[TW]Fox;18745277 said:
Retrospective investing is super easy

Ha! It will be great when I get my damned time machine working.

I would have been 13 at the time, completely oblivious to commodities and their prices etc.

PMKeates · 24 Mar 2011 at 21:25

Paul11 said:
all based on research, im not saying to go put it on black..

Unless you forever share your research with the OP and direct his finances while he invests in silver, you are basically telling him to put it all on black.

Paul11 · 24 Mar 2011 at 21:26

[TW]Fox;18745285 said:
I'm not saying it won't rise and I'm not saying it's a bad investment for everyone.

I'm saying you dont put all of your life savings, aged 16, into a single commodity.

I suspect what you've done is got lucky rather than have any real investing talent

ok, lets agree that the OP should play it safe..

but again please dont comment on my "investing talent" when you know nothing about me...

Paul11 · 24 Mar 2011 at 21:26

PMKeates said:
Unless you forever share your research with the OP and direct his finances while he invests in silver, you are basically telling him to put it all on black.

no, i would suggest that the OP does his own research

PMKeates · 24 Mar 2011 at 21:28

Paul11 said:
no, i would suggest that the OP does his own research

That's completely different to everything you have said in this thread. You were telling the OP to buy silver, not research silver as an investment.

Your first post was "buy some silver".

Sherbs · 24 Mar 2011 at 21:28

Will you two stop shooting people down and recommend some investment advice? I would hope he doesn't blindly follow advice from an internet forum.

To the OP, put it in an ISA and keep your money above inflation. Then do some research your self in what you should invest in. Bare in mind there will always be risks.

Pinkribbonscars · 24 Mar 2011 at 21:28

LeJosh said:
30 years ago doesn't really account to todays market. But does account for the risk involved, I agree. I'm certain the smart guys knew it would crash in the late '70s and sold.

From '91 to today it's risen and only risen really, judging from the graph provided.

But... in 1980 the prices had risen and risen! Cut off the graph from 1980 onwards and to the investors at the time it looks exactly the same as the graph now! The people buying at the start of this spike will have made a killing - but the graph clearly shows that the prices will almost certainly crash in the mid to near future.