Silver?

is silver going to skyrocket in price?

Kind of a vague question.

not like gold has... for obvious reasons... but yes... all metals are increasing in price... might want to invest... i make thousands every week in gold.

USGS says that silver as a metal will be near extinct as an element as early as 2028. I made 30% more in silver this last year than I did in gold. Silver is more volatile due to its near limitless uses in almost every aspect of our modern lives. Indispensable in the electronics industry, one of the most powerful anti bacterial agents and a monetary metal accepted everywhere. Silver is a good bet IMO.

beardo said:

is silver going to skyrocket in price?

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my dad is a gold broker and all metals have been on the rise. silver not so much as gold but it is still a good investment. i would suggest buyin coins not bullion because the government can take back bullion if they want to. i am not an expert on the subject but i do know that its a very smart investment.

Silver is poised for big jump. It's in higher demand for it's practical uses in an industrial sense. Silver is great buy right now.

In all reality you should diversify, some of both won't hurt. Besides, in comparison, Silver is cheap and more available to the everyday working man with an average income.

Do buy coins when available because you aren't required to pay capital gains on numismatics as you are with bullion.

If you have a large sum available, real estate is a good buy now as well.

no large sum, im hoping to buy a little silver here n there and sit on it untill their is a bump in price when i can sell to buy land.

beardo said:

no large sum, im hoping to buy a little silver here n there and sit on it untill their is a bump in price when i can sell to buy land.

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Well, I happen to be a precious metals/rare coin broker. Both metals are a wise investment. I don't recommend anyone owning more than 15-20% of their invested dollars in either area, depending on their situation (age, strategy, etc.)

Both are a safe bet as a hedge against inflation, protection from an eroding dollar, and privacy from the ever watchful eye of Uncle Sam. As someone stated, graded coins are considered numismatic "collectible" items deemed non-confiscatable and offer an added protection in the fact that they are rare; more so than the metal they are made of. Due to THAT fact, certain rare coins have continued to go up even in times when bullion was on the decline. True story.

But to answer your question...In the state our economy is in, if it's hard and shiny it's probably a safe bet.

But Beardo, if your plan is to buy some land with your silver profits, it will take quite a load of silver to ever see that type of gain.

Feel free to message me with any questions.

the idea is to use silver as savings short term any extra savings i will buy small amounts of silver a silver dollar here and a 1 oz .999 bar their then when i have some amount of silver i will wait for a price bump and sell and use this as a down payment on home or land. does this sound reasonable?

Seems reasonable but you'll need a lot of silver to make enough for a down payment on real estate.

I think the best you can hope for is a $10/oz gain. I use it to hedge against inflation.

I bought into the stock market last Jan., made 50% then cashed out and bought a house. But at that time, the DOW was at 7,000.

You might want to look into some gold. You can get francs and sovereigns at pretty reasonable prices. Neither have intrinsic numismatic value but can be sold without paying capital gains.

A Swiss franc is a 0.21 oz coin with 0.19 oz gold.

A British sovereign is a 0.26 oz coin with 0.24 oz gold.

Good luck. It's very wise to put your savings in metal as opposed to a bank with interest rates so low. When I graduated high school gold was $300/oz.

yeah i had a friend who was allvays buying gold jewlery and i thought he was crazy