I heard today that investing in silver is the best and that the price is very cheap? I am not too knowledgable with or buying silver. Like is the price of silver know at 15.50 a bargain? How is the long term investing on it. I mean how long is long term 10 years? or like what?

 

  • peilthetraveler 9:00 am on October 8, 2009

    Until recently silver has been steady at 5 dollars per ounce for years. Only recently with the decline of the dollars has silver and gold gone up.

    Platinum is a much better investment as there are only 2 major mines in the world that produce it and if they stopped production (or ran dry) today, the worlds supply would be depleted in 1 year. For gold…if all the mines stopped the supply would be gone in 7 years. Automobile manufactuers are the main buyers of platinum, buying 50% of all of it produced.

  • fccta32@sbcglobal.net 9:00 am on October 8, 2009

    I recall hearing that during war, the price of silver and gold increase. Over the long run, investing in either commodity is great, because unlike oil, it does not have many external influences. I find it a buy buy buy. If you don’t you may very well be in the "House of Pain"

  • Smartass 9:00 am on October 8, 2009

    "how long is long" is a subjective term, but in any investment industry, 1-5 years is short, longer is long.

    A bargain, according to experts, is 7% or less above spot price. Today silver took a big dive! So look out for deals! Good luck, remember to always add shipping and taxes to calculate your total cost.

    I’m in silver for both long and short term, because I believe in it. I’ll leave you a link to assist your research

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