The stock market is rebounding, the dollar is showing signs of strengthening, and banks may be doing a little better. A little. So should you be taking your money out of commodities like silver and gold?
The recent drop on silver prices may be a little premature but everyone new it was going to happen sooner or later. There wasn’t really a huge drop in production or spike in demand because of some discover about silver. It was a run up because the price of most commodities was increasing such as oil and especially gold.
So is this run-up done? Well that depends on a few things. Sure there will be price increases based on the economies emotion to financial news. But if you believe what many feel, that the huge growth in countries like China and India will keep demand on all the worlds resources, including silver, then investing in silver is still a smart bet for the long term.
Buying silver bullion isn’t your only option and may not even be the best one because of the tax implications of owning it. You may be better off buying ETF’s like iShares SLV Silver Trust ETF. You can trade it easily online and can hold it for the long term and take advantage of lower taxes should the price of silver keep increasing.
So that begs the question of Blog Silvers readers. Are you still investing in silver?
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I believe the bubble has only max 10 years left. That said everyone should be looking into alternative sources to secure their financial futures like Gold and Silver. I understand not everyone has the ability to get Gold at its current price but Silver is very affordable (as of right now) because Silver is just starting a new long-term bull market. Based on facts and simple calculations *no guesswork involved* silver will rise to $208+ per ounce over the next few years.
There is a video from Rober Kiyosaki as he and his colleagues predict that silver will continue to rise against the declining U.S dollar on my website. (link below)
Over the course of the present bull market in silver and gold, probably another 10 years, silver should rise about four times as fast as gold. That forecast arises from silver’s historic performance, especially during the 20th century, as well as its present fundamentals.
The best way to profit from that trend is to swap back and forth from silver to gold with the rise and fall in the gold/silver ratio. That strategy will convert a sterile investment into one that pays dividends, and possibly double the ounces you own over the life of the bull market.
The fastest and easiest way I have seen to date to get into buying silver if don’t have the capital or want to deal with financial advisers is The Silver Snowball and best thing if you want to market it you can accumulate silver eagle coins for free. Check out my website for all the details and Rober Kiyosaki predictions for 2008.
- Vincent Cameron
http://thesilversnowball.com