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Is it too late to invest money in SILVER?

September 16, 2010 by  
Filed under Silver Investment FAQ

Right now the price of SILVER is hovering at around $17-$18 per ounce. I hear mixed things about investing in SILVER. Some say it is a great investment because there is a shortage and people are buying it like crazy. However, I’ve also heard that it is over priced and people are pushing SILVER so that they could make a profit.

What do you think about investing in SILVER at this time? Is it too late?

Comments

3 Responses to “Is it too late to invest money in SILVER?”
  1. libby says:

    You should never invest in commodities, they are very risky and unpredictable.

  2. Voltron3000 says:

    It depends on what you want.

    In my opinion comodities (precious metals, oil etc) are a long term investment. And in the long term they will never go down because there is a finite amount of it. So whether you buy it at $17 or $25 per ounce it will be more than that in 5 years.

    If you are looking to catch the wave and jump on what is booming before it drops again, I can think of a lot better than silver. Check out the futures market & be sure to stay on top of it or you will be very poor very fast.

  3. Robert J says:

    no it’s not… well actually gold resources will ends fester then silver!

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