Buying Silver as Oil Rises

Some may think that buying gold and silver right now is crazy. You may think that the markets are possibly on a turnaround and the dollar isn’t doing so bad. Buying precious metals at a high point would be crazy.

But what about the rest of commodities around the world? And better yet, the worlds use of those commodities.

It’s increasing, and increasing at a huge rate. China and India, named way too many times to count in this blog and similar financial blogs, are all about buying the commodities that China and India are buying and need to survive. Some of those commodities are gold and silver, which you may want to consider buying.

Buying silver now may not be the worst idea. Oil is on the rise, stocks are chaotic at best, and the dollar, although rebounding on news that the fed is done lowering rates, is still not as nearly as strong as it’s closest rivals. You need to consider the rest of the market, not just those historical indicators of the price of silver.

There are a ton more investors in the game now and with Silver ETFs gaining popularity along with all the other sector ETFs out there, you may want to think about getting into silver right now.



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3 Responses to 'Buying Silver as Oil Rises'

  1. +Baker - January 20th, 2009 at 8:30 am

    Great post. To this if I may add this article that speaks about the future of the U.S economy.

    http://bakerthebrand.blogspot.com/

    Gratitude,

    +Baker

  2. GoldMarket Paul - June 16th, 2009 at 6:10 am

    Too true! Oil is once again on the rise and I’m carefully watching the silver price.

  3. Holding Silver - January 14th, 2010 at 11:53 am

    I found a little on-line store that is selling silver bullion bars as small as 1 gram. I figured if you are looking at silver as an alternative to fiat currency, that small size would be perfect as an alternative to the larger 1 ounce bars. I bought a bunch of the small bars for that purpose and while they are well over the spot rate (I guess you have to cover the strike price at the mint), the bars look really good and they would be perfecta s a small transaction currency. The site is http://www.silverowner.com if anyone is interested.


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