Gold and Silver Stacking

[Hardline]

Anyone paying attention to the silver market?
Anyone stacking silver bullion?

The most I spent on a troy ounce is $41
My small 580 troy ounces is looking pretty good right now,

I'm no expert at investing but a lot of people are saying $100 an OZ by February.
I would love to hear others more knowledgeable chime in.

 

[VaqueroTD]

Only that I wish I had paid attention earlier. I even listened to a report last year about shortages in India which relies on it for their religious ceremonies and should have known better. Props to you and all who made money off it.

 

[BrAinPaiNt]

Anyone paying attention to the silver market?
Anyone stacking silver bullion?

The most I spent on a troy ounce is $41
My small 580 troy ounces is looking pretty good right now,

I'm no expert at investing but a lot of people are saying $100 an OZ by February.
I would love to hear others more knowledgeable chime in.

Gold and Silver are almost always good investments.
It seems prices also go up more during economic down turns. Do NOT turn this into a political issue.

Gold and Silver really are great investments if you have the money to get some and get a nice little collection. Rarely will the value decrease and if it does a tad, it will grow in the future. If you can collect and keep them for a long term investment, you will win. It is a great investment when you have a physical product you can inspect. You can buy or trade it without having to go through hoops. One of the few products where most pawn shops will pay full value for a product. Some pawns shops will actually sell it to but most would rather keep them.

You can also find companies that are in the business of mining for gold or silver and invest by buying stock in those companies.
I had one around ten years ago. Sold it off after a year and made profit It was not a huge investment but when I sold it, it helped finance a family trip to St Thomas USVI.

 

[Creeper]

I remember when the Hunt brothers tried to corner the silver market back in 1979. The price of silver shot up to almost $50 then tumbled leaving the brothers facing insurmountable margin calls. I always wondered if the movie Trading Places was in part derived from the story of the Hunt brothers and the silver market. Of course in the movie it was the Duke brothers who wanted to corner the market in frozen concentrated orange juice.

In any case people started hoarding silver until one day the price dropped 50%!

 

[CyberB0b]

No one should be stacking any asset at all time highs. With that said, industrial demand and money printing should increase the price over the next few years.

 

[gtb1943]

this is not all that much better than playing dice in Las Vegas

 

[Creeper]

this is not all that much better than playing dice in Las Vegas

I think commodities actually make more senses sometimes than stock. It's pure supply and demand for the most part. Just stay away from markets built on pure speculation. And watch out for the market manipulation. The Hunt brothers may not be around anymore but there are lots of people like them!

 

[Hardline]

I'm not allowed to respond to anyone's response in this thread.

 

[gtb1943]

Gold over $4500
Silver over $80

I remember when gold was pegged at $35
and Silver was under $3

 

[Mikexike]

Gold over $4500
Silver over $80

I remember when gold was pegged at $35
and Silver was under $3

When the government prints money, you buy assets.

 

[Mikexike]

gold and silver is the best universal currency when all hell breaks loose.

 

[darthseinfeld]

Gold over $4500
Silver over $80

I remember when gold was pegged at $35
and Silver was under $3

Gold and Silver are always strong investments. I buy recurring shares of GLD in my Roth

 

[gtb1943]

I think you are better off having at least half of it in your actual possession not as pieces of paper

 

[CyberB0b]

When the government prints money, you buy assets.

This is essentially it

 

[CyberB0b]

gold and silver is the best universal currency when all hell breaks loose.

Is it though?

 

[Tabascocat]

Is it though?

I was thinking lead

 

[Mikexike]

Is it though?

at the rate the US debt is climbing, i would say yes.

unless you have a boat load of guns and ammo, you win.

 

[Hardline]

at the rate the US debt is climbing, i would say yes.

unless you have a boat load of guns and ammo, you win.

Fortunately I have that.

 

[Mikexike]

Fortunately I have that.

It is nice to have both

 

[Hardline]

I been stacking silver for the last four years. I Just recently bought a kilo on a $67 dip.