How Strong of an Investment is Silver?

U

USSSAlabama

New Member
Hey Everyone,

My name is Jordan and I'm actually from the United States. It seems like most of you are from Australia, which I hope to visit one day! I hear it's beautiful.

I have been casually investing in silver for about 5 years. When I say casual, I usually buy an ounce once a month or so. I own under 100 oz but am in a position where I can start devoting more of my time and money into investing. I love the feeling of investing but I have a very unstable feeling about investing in intangibles... (Stocks, Bonds, ETF's, etc.)... I like to possess my investment and that's why I have been so drawn to silver over the years.

What are some of your opinions on the long-term stability of silver? I know in my lifetime I've seen it as low as $10 an ounce and as high as $50 here recently.. Gold has come down over the last several months and I'm wondering if silver will do the same, or do you think it's made such a strong base at the $20-$25/Ounce mark that we won't see it drop below that again?

Just curious for some input from some more knowledgeable people on the subject.

Thanks and I'm glad to be here!

-JS
 
I would start by doing more ground work.

The question you ask is very open and subjective. Silver stackers are people of many different mindsets, many different attitudes, many different means with an angle of silver as different as the next person.

If you want to continue on your journey into silver stacking, I would advise you start with the fundamentals on silver and decide if it's what you want to be in.

This is a good site to begin with :

http://www.silverinstitute.org/site/

You can look at the history of silver, where it fits into the overall picture and take it from there.

I do not give financial advice, at the end of the day you have to make your own choices for your own reasons and once made, don't let people tell you otherwise. There's a LOT of white noise regarding precious metals which goes all the way to the very top of our political and financial systems.

Everyone will have an angle of why you should or shouldn't invest, how and by what amount.

But the only person who should be answering those questions is the person who will ultimately be responsible for the outcome of those choices - you.
 
Hi Jordan,
I'm new also and not going to try to advise you on investing, I will only say what I might think about whats happening in the world. The USA has written Legistlation to allow it to confiscate gold, so for me Gold is a no no. The USA via the Privately owned and run Fed is going to print money again like toilet paper, bad for cash holdings, probably good for Stocks. The World is going through a massive change, for me I want to hold something that is historically undervalued(thanks JP Morg) and to my mind is a great buy any time it dips. Silver is also an industrial metal so there is less chance of confiscation should the s**t hit the fan. Loads of people will now trade you silver for cash and goods. Many things will outperform PMs and many things will underperform or fail altogether. You have come to the Shrine of Silver, it's like going to the Vatican and asking the Pope whether its good to pray to God, what do you think he would say?
One size does not fit all, for my family its: Food/shelter/kids(lol) first, Business Expansion second, Silver third, superannuation(401k to you) fourth and then anything else like new TV and Samsung Galaxy Tabs.
Good Luck.
 
Thanks RainbowSix... That's a really good point. I think I will continue to buy everytime it dips to around $25. I'm not sure I should expect it to ever go much lower than that.. Given our economy.
 
USSSAlabama said:
Gold has come down over the last several months and I'm wondering if silver will do the same, or do you think it's made such a strong base at the $20-$25/Ounce mark that we won't see it drop below that again?

Just curious for some input from some more knowledgeable people on the subject.
Click to expand...

I believe, and am behaving as if, we are on the verge of an impulse higher in silver. I've been buying more. Of course I don't really know - I just have a fantastically valuable opinion on the subject.

Have you ever read this linked article by Douglas Kanarowski ? It's one of the earliest things that stirred my interest in silver. Others being Jim Puplava's articles on financialsense.com and articles by Ted Butler.

http://www.silverbearcafe.com/private/highersilver.html
 
Welcome USSSAlabama.

Try using the "search" function at the top of the page. Many of your questions have been asked before (some hundreds of times). The info is already here, spend some time hunting for it. :)
 
RetardedMonkey said:
I just buy gold/silver cos it stops me spending it.

Works for me!
Click to expand...

If I dont buy silver im gonna take my cash go to the pub buy some beers and play the pokies or some other random thing to waste my money better to buy silver and save
 
finicky said:
The 'Search function" isn't working all that well - it casts an awfully wide net. Using 'Topic subject only' and 'coins or bars' as keywords gets this:

http://forums.silverstackers.com/search.php?search_id=37919315

There's a few in there to be found amongst a hundred or more threads
Click to expand...

Fair point.

Perhaps easier to just answer the question.

Q. What's better, bars or coins.

A. Bars. You cant hook up or get drunk in a coin! :P
 
Eureka Moments said:
finicky said:
The 'Search function" isn't working all that well - it casts an awfully wide net. Using 'Topic subject only' and 'coins or bars' as keywords gets this:

http://forums.silverstackers.com/search.php?search_id=37919315

There's a few in there to be found amongst a hundred or more threads
Click to expand...

Fair point.

Perhaps easier to just answer the question.

Q. What's better, bars or coins.

A. Bars. You cant hook up or get drunk in a coin! :P
Click to expand...

:|
 
Eureka Moments said:
Sorry, I will try and be seriouser.

Q. What's better, bars or coins.

A. Nuggets.
Click to expand...

Sorry again, missread the question.

Thought it was "What's better than bars or coins?" :D
 
volrathy said:
RetardedMonkey said:
I just buy gold/silver cos it stops me spending it.

Works for me!
Click to expand...

If I dont buy silver im gonna take my cash go to the pub buy some beers and play the pokies or some other random thing to waste my money better to buy silver and save
Click to expand...

I'm new to silver as well. But these were the reasons I'm buying.

In 20 years I'll have a few ASEs stashed away. The "other randon things" I would have bought will all have but been forgoten.

If I but at $31/oz and only get back the same in 10 years, most people will say it is a crap investment. But you should havee seen the hit I took on some tech stocks a few years ago. I would have loved to just break even.

Part of it for me is the fun and the thrill of buying shinny coins, that also has some value too.
 
Welcome Jordan, the guys here are pretty much gurus on anything metal, im sure youll learn alot, i know i have. Welcome aboard.
 
Read broadly here, find what resonates with you and you will find the right niche and strategy for you. We're a diverse bunch of misfits here.
 
You must log in or register to reply here.
Back
Top