Should I invest in Silver or what else?
October 26, 2010 by
Filed under Silver Investment FAQ
I recently found interest in investing and was wondering if collecting silver dollars is a good idea, like late 1800’s morgan dollars. Do you think silver will be double or triple what it is now say in 5-7 years? or will it be lower than it is right now at 17/oz? Is this a good investment im doing? I try to buy a dollar coin a week. What other small weekly investments are possible that are secure if this is not?
The gold and silver market is mainly driven by Asian villagers, not by high end investors. They would invest in mining company stock.
Gold hasn’t done very well long term and silver isn’t so hot ether.
But who knows. Look at the 40 years charts for the coins and don’t forget to adjust for inflation.
Buy all the morgans and pre 1964 change as you can. check out prices on bulliondirect then compare to local dealers.
“The devaluation/death of the dollar, in spite of all verbiage appearing globally, is indicated to take the markets as well as the populace/USofA by surprise. The data indicates that this is due to the epic/monumental level of the events involved. The idea is that even knowing it is coming will not prevent the observer from reeling from shock, as the sheer magnitude of the events involved unfold.
First off you need to understand that gold is not an investment. The best way to own gold is to buy and take physical delivery of the gold itself. Silver is also in the gold realm as well, so when talking about gold, silver is included. The most important thing in this economic crisis is not return on investment, it’s return of capitol and purchasing power.
Gold and silver is money and a store of value. It is the “Currency of last resort” as Greenspan has stated many times through the years. Gold doesn’t pay interest, dividends, doesn’t restate earnings, has no lawyers, accountants, CEOs or CFOs lying to you on television. Gold doesn’t ask for bailouts, doesn’t go BK and cannot cook its books. Gold cant be debased or printed at the will of a company or government and holds its purchasing power.
Gold sits there as a store of value, is labor intensive, and a one ounce coin will not split into a bunch of half ounce coins at the direction of the pin stripped bandits on Wall Street. Also Gold is the ONLY asset class in the last ten years to increase in value and retain every dollar of its purchasing power.
The earths crust only yeilds so much of it. It has value due to the fact that its rare and one cannot reproduce it with out the hard work and real labor it takes to obtain new material from the ground. This is why its money. It represents a store of the value of the real working man. The labor and costs required to obtain an ounce of gold is the same as the labor, materials and costs to produce a fine handmade suit of cloths. This value has not changed in 5000 years. Gold and silver were money and represented a store of value long before Charles Dow ever invented that exchange.
It has value for all these reason but the most important one is the fact that it cannot be reproduced for a low cost.
People can debate all they want about gold and silver but the fact is where everyones stocks, bonds, real estate etc have declinded in value, only physical gold and silver are up. Ill continue putting my wealth in something that can’t be debased.
hi there!!
I think its always good investment on commodity market. Metal market and oil are the best and safest investments as far I know ….
check out the market news ……..