Silver..anyone investing?

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  • DEA - banned for life
    V.I.P.
    • Nov 2004
    • 7886

    #1

    Silver..anyone investing?

    Had a conversation with a friend of mine and he suggested that buying silver coins is a solid investment as the price will definitley go up. he said it was about $30 and will eventually be over $100 per oz..i would assume it would go up just not sure fo how long it will take to reach that level/

    Any thoughts on this?
  • BFT3K
    Too lazy to set a custom title
    • Dec 2005
    • 10764

    #2
    If you have the money to invest in silver, it is likely a very good bet.

    Current cost p/ounce for silver (.999+ pure) - $28.43

    It will be going up for sure. Speculators expect it will hit $100+ within the next couple of years.

    It is definitely tracking up....

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    • webgurl
      Confirmed User
      • Aug 2002
      • 7954

      #3
      what are some specific companies - tickers to look into for silver?

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      • Jack Sparrow
        Almost goners..
        • May 2008
        • 11420

        #4
        Ask choker, he had this nice story once at bandcamp.

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        • DWB
          Registered User
          • Jul 2003
          • 31779

          #5
          Silver has been on the rise for a while and is a solid investment right now. Both gold and silver are going to keep rising until someone finds a large deposit of either, and that WILL happen. It's just a matter of when.

          I wouldn't be surprised if gold hits $2000 within the next few years. Remember almost like yesterday it was only a few hundred bucks. lol Crazy. Should have jumped all over that. I had a friend telling me back then it was going to hit $1000 and I thought he as flat out bat shit crazy. Shows how much I know.

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          • oscer
            Confirmed User
            • Jan 2001
            • 2834

            #6
            I think the Precious metals are almost at the top of their run.
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            • beerptrol
              Confirmed Asshole
              • Feb 2003
              • 12722

              #7
              I did most of my silver buying in the 90's and early 2000s on advice from my dad
              Last edited by beerptrol; 01-16-2011, 12:23 PM.
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              • Emil
                Confirmed User
                • Feb 2007
                • 5655

                #8


                Bought 25 (x 1 oz) of these ~2 weeks ago. Paid more than 1k for them. Dont know if I did get ripped of or not.
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                • adendreams
                  Confirmed User
                  • Jul 2009
                  • 1887

                  #9
                  Its going to drop when the economy gets better in 2 years so its short term gain for sure...
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                  • The Demon
                    Confirmed User
                    • Apr 2003
                    • 7336

                    #10
                    Its not a short term gain, its long term because our economy isn't getting better anytime soon. Its a great hedge against inflation. I have 10k in physical silver and 5 in SLV.
                    Greed is Good

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                    • PornoMonster
                      Confirmed User
                      • Mar 2003
                      • 2257

                      #11
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                      • wehateporn
                        Promoting Debate on GFY
                        • Apr 2007
                        • 27176

                        #12
                        Yes as soon as people start ditching the dollar you'll be needing your gold and silver. Everyone has already jumped on Gold, so it's better to go for Silver right now

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                        • VikingMan
                          Exploiting human weakness
                          • Jan 2008
                          • 6862

                          #13
                          lots of great interviews about Gold/Silver and the economy on this site.
                          http://www.kingworldnews.com I would advise getting physical silver.

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                          • The Usual Suspect
                            Confirmed User
                            • Jan 2005
                            • 415

                            #14
                            Originally posted by The Demon
                            Its not a short term gain, its long term because our economy isn't getting better anytime soon. Its a great hedge against inflation. I have 10k in physical silver and 5 in SLV.
                            With all the money printing done by the US and the low interest rate it's for sure that inflation is gonna raise even more.
                            Some even speculate that hyperinflation will happen...
                            If it goes that bad, gold and silver will raise to extreme heights for sure...

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                            • The Demon
                              Confirmed User
                              • Apr 2003
                              • 7336

                              #15
                              Hyperinflation is inevitable
                              Greed is Good

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                              • Chris
                                Too lazy to set a custom title
                                • May 2003
                                • 27880

                                #16
                                yup
                                the guy that i used to go to for my gold gots me buying it pretty heavy right now
                                [email protected]

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                                • will76
                                  Making $$$$ w/ ClickCash
                                  • May 2003
                                  • 18037

                                  #17
                                  Originally posted by DEA
                                  Had a conversation with a friend of mine and he suggested that buying silver coins is a solid investment as the price will definitley go up. he said it was about $30 and will eventually be over $100 per oz..i would assume it would go up just not sure fo how long it will take to reach that level/

                                  Any thoughts on this?
                                  Like anything else, if you would have bought a lot 2 years ago when the price was around $10 - $12 an ounce you would be doing good right now. It exploded since then up to $31-$32 a week or so ago, has fallen off a couple bucks since then. Like other things that explode, most of the time the prices fall back down to realistic levels so don't be surprised to see it have a decent drop in the near future.
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                                  • Chosen
                                    • Aug 2001
                                    • 63151

                                    #18
                                    Not yet...

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                                    • DEA - banned for life
                                      V.I.P.
                                      • Nov 2004
                                      • 7886

                                      #19
                                      Originally posted by will76
                                      Like anything else, if you would have bought a lot 2 years ago when the price was around $10 - $12 an ounce you would be doing good right now. It exploded since then up to $31-$32 a week or so ago, has fallen off a couple bucks since then. Like other things that explode, most of the time the prices fall back down to realistic levels so don't be surprised to see it have a decent drop in the near future.
                                      I agree for the most part but if you read what DWB said ..this time right now could be the same as early 2000s when gold was about $400oz. I was going to invest and didnt. I dont want that to be the case in 10 years from now

                                      Originally posted by DirtyWhiteBoy
                                      Silver has been on the rise for a while and is a solid investment right now. Both gold and silver are going to keep rising until someone finds a large deposit of either, and that WILL happen. It's just a matter of when.

                                      I wouldn't be surprised if gold hits $2000 within the next few years. Remember almost like yesterday it was only a few hundred bucks. lol Crazy. Should have jumped all over that. I had a friend telling me back then it was going to hit $1000 and I thought he as flat out bat shit crazy. Shows how much I know.
                                      In my opinoin i dont see gold or silver depreciating more than a few dollars at a time ever again Its a natrual resource and will always be in demand and just like oil one day there wont be any left
                                      Last edited by DEA - banned for life; 01-16-2011, 06:14 PM.

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                                      • DEA - banned for life
                                        V.I.P.
                                        • Nov 2004
                                        • 7886

                                        #20
                                        Originally posted by Chris
                                        yup
                                        the guy that i used to go to for my gold gots me buying it pretty heavy right now
                                        What are you actually buying?

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                                        • irwin99
                                          Confirmed User
                                          • Oct 2010
                                          • 144

                                          #21
                                          When your friend of a friend starts telling you to buy silver, its a good warning sign that the market is pretty toppy.

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                                          • Morgan
                                            Too lazy to set a custom title
                                            • May 2002
                                            • 10520

                                            #22
                                            you didnt see?

                                            http://www.stansberryresearch.com/pr...VD/PPSILC24/PR

                                            invest in gold, silver and other rare earth elements (REE, LYSCF, etc..) and you'll be golden! no pun intended.
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                                            • mixing
                                              Confirmed User
                                              • Dec 2010
                                              • 1217

                                              #23
                                              I have a buddy who has invested in gold. He's trippled his investment so far over the past couple years..
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                                              • Lamis
                                                So Fucking Banned
                                                • Sep 2007
                                                • 961

                                                #24
                                                SILVER AND GOLD will grow at least 30% this year, so yes, I recommend to invest it.

                                                The question is are you going to buy physical BARS/coins of gold and silveR?

                                                Or are you going to invest using an online broker and do a "VIRTUAL" buy of those commodities?

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                                                • Sausage
                                                  Confirmed User
                                                  • Oct 2002
                                                  • 3012

                                                  #25
                                                  I bought a lot of gold 3 years ago when the experts were bashing it. I suggested on another forum they should look at it at least to protect some wealth and was basically ripped to shreds by a couple of personal investment, and investment adviser types. Who had the last laugh Oh they don't have jobs anymore either.

                                                  Silver is a similar thing. And if the US continues in the direction they are heading silver might be worth a packet.
                                                  IW
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                                                  • will76
                                                    Making $$$$ w/ ClickCash
                                                    • May 2003
                                                    • 18037

                                                    #26
                                                    Originally posted by DEA
                                                    I agree for the most part but if you read what DWB said ..this time right now could be the same as early 2000s when gold was about $400oz. I was going to invest and didnt. I dont want that to be the case in 10 years from now
                                                    That is not the case, it is not the same as the early 2000s. In early 2000 when gold was $400 oz it had been around that price for a long time (20+ years, see chart below)




                                                    The time to buy is before the spike, not at the peak. If anything, that chart shows us there should be a decline or correction in the near future for gold. Same with silver.

                                                    If you bought gold in 2000 then you timed it great. It had been the same price for a long time and you bought it before it shot up. You are NOT doing the same thing right now with gold or silver, you are buying it after it has exploded in price over the last years and even more so over the last 2 years for Silver.

                                                    Here is silver (just through 2007)



                                                    Last 10 years:



                                                    It was $6 oz as recent as 2006, with a few ups and downs it is now at $30 oz. Look at what it did around 1980. If you buying gold or silver right now not only are you buying at historical highs but you buying right after huge spikes, odds would tell me that those prices will come down some. Now would not be the time to buy imo. Unless if you like to buy stocks high and sell them low, then sure go for it.
                                                    Last edited by will76; 01-16-2011, 08:34 PM.
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                                                    • Sausage
                                                      Confirmed User
                                                      • Oct 2002
                                                      • 3012

                                                      #27
                                                      Originally posted by will76
                                                      That is not the case, it is not the same as the early 2000s. In early 2000 when gold was $400 oz it had been around that price for a long time (20+ years, see chart below)




                                                      The time to buy is before the spike, not at the peak. If anything, that chart shows us there should be a decline or correction in the near future for gold. Same with silver.

                                                      If you bought gold in 2000 then you timed it great. It had been the same price for a long time and you bought it before it shot up. You are NOT doing the same thing right now with gold or silver, you are buying it after it has exploded in price over the last years and even more so over the last 2 years for Silver.

                                                      Here is silver (just through 2007)



                                                      Last 10 years:



                                                      It was $6 oz as recent as 2006, with a few ups and downs it is now at $30 oz. Look at what it did around 1980. If you buying gold or silver right now not only are you buying at historical highs but you buying right after huge spikes, odds would tell me that those prices will come down some. Now would not be the time to buy imo. Unless if you like to buy stocks high and sell them low, then sure go for it.
                                                      I can see what you are saying Will, but in the case of buying gold and silver it's not a matter of peaks and lows, it's a matter of reading the economic events and conditions that are associated with those highs and lows.

                                                      The thing is that gold and silver haven't really gained or lost that much true value over the years ... right back to Roman days. They buy you roughly the same resource worth as they have throughout history, it's only the value of fiat currency that has changed.

                                                      Basically the more fiat currency you print and the more unstable your currency seems, the more people are going to try and protect their wealth in the stability of gold, or to a lesser extent silver.
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                                                      • will76
                                                        Making $$$$ w/ ClickCash
                                                        • May 2003
                                                        • 18037

                                                        #28
                                                        Originally posted by Sausage
                                                        I can see what you are saying Will, but in the case of buying gold and silver it's not a matter of peaks and lows, it's a matter of reading the economic events and conditions that are associated with those highs and lows.

                                                        The thing is that gold and silver haven't really gained or lost that much true value over the years ... right back to Roman days. They buy you roughly the same resource worth as they have throughout history, it's only the value of fiat currency that has changed.

                                                        Basically the more fiat currency you print and the more unstable your currency seems, the more people are going to try and protect their wealth in the stability of gold, or to a lesser extent silver.
                                                        I hope you can read the economic events well enough to know when to buy or sell because the up and downs are going to happen. The way people talk around here they make it sound like you can't lose if you buy either gold or silver, its going to keep going up in value for ever. When in reality you could buy silver today for $30 and it could crash to 1/2 that and not hit $30 again for 10 years, said person might need money some time in the future have to sell and take a huge loss. It really isn't much different then the stock market.
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                                                        • Sausage
                                                          Confirmed User
                                                          • Oct 2002
                                                          • 3012

                                                          #29
                                                          Originally posted by will76
                                                          I hope you can read the economic events well enough to know when to buy or sell because the up and downs are going to happen. The way people talk around here they make it sound like you can't lose if you buy either gold or silver, its going to keep going up in value for ever. When in reality you could buy silver today for $30 and it could crash to 1/2 that and not hit $30 again for 10 years, said person might need money some time in the future have to sell and take a huge loss. It really isn't much different then the stock market.
                                                          Yes it is going to go up or down, but it depends on what type of investor you are. The long term trend looks pretty convincingly up, but there could be dip sometime soon. If you are a more risk based short term investor then your advice isn't too bad, but long term ... ie over a year + then I would have to say the long term trend is for them to head up.

                                                          If you are trying to pick high, low and turning points on a graph it's nothing more than educated gambling.

                                                          That being said Silver is more risky and more prone to sharp movements.
                                                          IW
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                                                          • nismonotmugen
                                                            Confirmed User
                                                            • Jan 2005
                                                            • 155

                                                            #30
                                                            where do you even buy silver or gold?
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                                                            • jonnydoe
                                                              Confirmed User
                                                              • Aug 2006
                                                              • 543

                                                              #31
                                                              Originally posted by mixing
                                                              I have a buddy who has invested in gold. He's trippled his investment so far over the past couple years..
                                                              Yeah right and it would be tripled if he actually did.
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                                                              • will76
                                                                Making $$$$ w/ ClickCash
                                                                • May 2003
                                                                • 18037

                                                                #32
                                                                Originally posted by Sausage
                                                                Yes it is going to go up or down, but it depends on what type of investor you are. The long term trend looks pretty convincingly up, but there could be dip sometime soon. If you are a more risk based short term investor then your advice isn't too bad, but long term ... ie over a year + then I would have to say the long term trend is for them to head up.

                                                                If you are trying to pick high, low and turning points on a graph it's nothing more than educated gambling.

                                                                That being said Silver is more risky and more prone to sharp movements.
                                                                9 out of 10 people who think they are long term investors will sell off the (insert anything here: gold or silver) less than 5 years after buying it. Either of them could easily go 3-5 years without getting back to where the prices are right now. They have shot up a LOT in the last couple years, if there is one thing I have learned a lot over the last 10 years, when shit shoots up fast (stock market, housing market, oil, etc...) it usually corrects itself and comes back down pretty soon, and then how long it stays low will vary. Its the people who buy high and sell low that get screwed, as simple as that may seem to understand people do it all the time.
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                                                                • Angry Jew Cat - Banned for Life
                                                                  (felis madjewicus)
                                                                  • Jul 2006
                                                                  • 20368

                                                                  #33
                                                                  Originally posted by PornoMonster
                                                                  Cool site. A pre-67 Canadian dime holds $1.69 worth the silver right now. More than I would have guessed. I knew pre-67 dimes held a large silver content, and always pick them out of my change whenever I spot one and realize it. Probably got upwards of a couple hundred of them that are below collector's grade stashed away over the years. What the fuck would you actually do with them though? Literally melt them down? Where's the market for melted coins? Isn't that a federal offense most places? I guess that's my silver investment right there.
                                                                  Last edited by Angry Jew Cat - Banned for Life; 01-17-2011, 12:11 AM.

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                                                                  • Machete_
                                                                    WINNING!
                                                                    • Oct 2002
                                                                    • 14579

                                                                    #34
                                                                    Do some research on industrial and medical applications. If you see them increasing, that's a good sign. I wouldn't place my bet on silver holding its own purely by being seen as a precious metal.

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                                                                    • Zyber
                                                                      Confirmed User
                                                                      • Aug 2001
                                                                      • 832

                                                                      #35
                                                                      smells like a hyped bubble

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                                                                      • wig
                                                                        Confirmed User
                                                                        • Feb 2002
                                                                        • 708

                                                                        #36
                                                                        Originally posted by Zyber
                                                                        smells like a hyped bubble
                                                                        Agreed. It looks like a top here -- one that could last for 6-12 months.

                                                                        I still think metals will work higher over the next few years, but then the real gains will be behind us.

                                                                        The FED is fighting hard to keep the economy from slipping back into deflation. If they are successful, maybe we maintain mild inflationary pressure in the near future. That will be a huge success.

                                                                        BUT, talks of hyperinflation (a la Zimbabwee style) are wild, unrealistic speculations. A cursory look at the US Bond market is all that is needed to show that. So is a peek at the US Dollar Index which between June 2000 and April 2008 fell from 129 to 75. Since 2008 it has a range of 93 (right after the credit crisis) and 75 and is currently trading at 79.50.

                                                                        IOW, a multi trillion dollar market made up of the largest and most sophisticated investors in the world are still willing to loan -- in US Dollars -- the US Gov't 30 year money at less than 3%. Does that correspond to an anticipation of dollar collapse and massive inflation??

                                                                        You have to ask yourself if keyboard warriors and conspiracy theorists citing dollar collapse are better informed than the currency / bond market participants.
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                                                                        • TurboAngel
                                                                          H.B.I.C.
                                                                          • Jun 2003
                                                                          • 30122

                                                                          #37
                                                                          I have a friend who had some silver bars he got for $7 and sold them for $28 and change the other day.

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                                                                          • will76
                                                                            Making $$$$ w/ ClickCash
                                                                            • May 2003
                                                                            • 18037

                                                                            #38
                                                                            Originally posted by Angry Jew Cat
                                                                            Cool site. A pre-67 Canadian dime holds $1.69 worth the silver right now. More than I would have guessed. I knew pre-67 dimes held a large silver content, and always pick them out of my change whenever I spot one and realize it. Probably got upwards of a couple hundred of them that are below collector's grade stashed away over the years. What the fuck would you actually do with them though? Literally melt them down? Where's the market for melted coins? Isn't that a federal offense most places? I guess that's my silver investment right there.
                                                                            In the US there is no ban on melting silver coins but there is however a ban currently on melting copper pennies (pre 1982). Most people forget about copper which was around $1.50 a pound is now around $4.50 a pound. This basically comes out to a penny pre 1982 is worth about 3 cents in copper weight but you can't legally melt it at this time.

                                                                            YOU wouldn't even try to melt old silver coins you find anyway. You go to a we buy gold place and you sell them to them for a little under spot price. They collect a lot and sell it to a company that melts millions of dollars worth of it. That is how the process works.
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                                                                            • pornlaw
                                                                              Confirmed User
                                                                              • Feb 2007
                                                                              • 1902

                                                                              #39
                                                                              If this new "metal glass" ever takes offs palladium and silver will see a huge increase...

                                                                              http://www.sciencedaily.com/releases...0110121709.htm

                                                                              Also part of the run up on silver has been the increase in silver collector coin production by the US Mint. They started producing 5oz coins last year and selling 33,000 units of each one in a 5 coin series with a desire to increase production to over 100,000 units of each coin this year.

                                                                              If the Mint needs over 150,000 lbs this year it might keep prices high.
                                                                              Michael

                                                                              www.AdultBizLaw.com

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