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Posts: 11

unclelips0311

Prospect

Joined: Jan, 2014

Posts: 25

Posted: Feb. 15, 2014 - 11:38 AM ET #1

looking to invest some money in physical silver. good idea, bad idea, any suggestions for a rookie??

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kingpincarbs

Veteran

Joined: Oct, 2003

Posts: 2557

Posted: Feb. 17, 2014 - 12:58 AM ET #2

check out "daytradeshow" on youtube. he has been spot on regarding silver over the past 4 years. called the top at 50 and called the bottom (as of now at 17.50). and just did a video last week on it calling for huge volatility that occurred the next day.

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MossPaysCash

Prospect

Joined: Oct, 2010

Posts: 430

Posted: Feb. 17, 2014 - 3:23 PM ET #3

I buy some every month as well as put money into the market. I'm only 30 and think Silver will hit $80 in my lifetime. Diversify is the key though

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LVOptiontrader

Prospect

Joined: Feb, 2013

Posts: 288

Posted: Feb. 26, 2014 - 12:03 AM ET #4

Buy in 1oz or 10oz increments. I bought a 100oz bar and wish I had bought 10 x 10oz bars so, I could have sold some when it was high and still not got rid of the whole thing.

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dimndimn

Captain

Joined: Aug, 2006

Posts: 5290

Posted: Mar. 1, 2014 - 11:10 AM ET #5

Quote Originally Posted by MossPaysCash:

I buy some every month as well as put money into the market. I'm only 30 and think Silver will hit $80 in my lifetime. Diversify is the key though

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bwcareer

Rookie

Joined: Apr, 2010

Posts: 882

Posted: Mar. 1, 2014 - 2:01 PM ET #6

I can see the idea of buying silver but the problem with it for me is that it does not create an income or return. The value is based on what someone else will pay you for it. If the world were ever to go to garbage your silver would not be worth anything either. You wont go to a gas station and give them a silver coin and they will let you fill up.

Water, guns, ammo and medicine will be what are "valuable".

Stick with companies that have a chance of making you a return and giving you dividends.

Just my opinion. I am sure I will get ripped by some 50 year old for being naive and stupid, but that is Covers!

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dimndimn

Captain

Joined: Aug, 2006

Posts: 5290

Posted: Mar. 3, 2014 - 6:30 PM ET #7

Quote Originally Posted by bwcareer:

I can see the idea of buying silver but the problem with it for me is that it does not create an income or return. The value is based on what someone else will pay you for it. If the world were ever to go to garbage your silver would not be worth anything either. You wont go to a gas station and give them a silver coin and they will let you fill up.

Water, guns, ammo and medicine will be what are "valuable".

The value is based on what someone else will pay you for it.

How is that different from anything else that is being sold? Stocks, currencies, items on Ebay, my car, house, etc?

Gold & Silver are the oldest forms of currency, dating back thousands of years. If the world goes to hell, what makes you think things wouldn't return to what basically worked in the past?

You wont go to a gas station and give them a silver coin and they will let you fill up.

It wasn't too long ago that people did go to the stores and such and paid with coins made of silver.

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BET THE HOOK

Veteran

Joined: Jan, 2006

Posts: 1089

Posted: Mar. 11, 2014 - 11:54 PM ET #8

Silver will hit 50 bucks within the year. And I am all in on silver personally. Not just hot air like a lot of posters.

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BET THE HOOK

Veteran

Joined: Jan, 2006

Posts: 1089

Posted: Mar. 11, 2014 - 11:55 PM ET #9

But buy 1oz rounds and bars for ease of selling when you decide to.

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dbuc1

Prospect

Joined: Dec, 2011

Posts: 174

Posted: Mar. 12, 2014 - 11:53 AM ET #10

Quote Originally Posted by BET THE HOOK:

Silver will hit 50 bucks within the year. And I am all in on silver personally. Not just hot air like a lot of posters.

Why do you think it will hit $50?

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rubberneck

Veteran

Joined: Apr, 2000

Posts: 3163

Posted: Mar. 12, 2014 - 5:29 PM ET #11

tell it to the lone ranger

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