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?
You should never invest in commodities, they are very risky and unpredictable.
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.
no it’s not… well actually gold resources will ends fester then silver!