The market was down, commodities were down, everything was down. So where do you put your money? Especially if you can’t put your money in precious metals, which are supposed to save you from inflation.
Well, we don’t think the world has gone crazy and decided to take their money out of everything. We think rather, the market is correcting itself. Investors are taking profits from both equities and commodities and we’re seeing a sell-off. But that doesn’t mean you shouldn’t look into buying these.
We think instead, you should think about buying into the market, especially something like SLV or GLD. Both of these ETFs look to provide you with buying opportunities in the coming weeks. Especially if we see another pull-back in the market. What around or get in now, either way, it looks like there might be some dollars to be had in the precious metals world.
Interesting site. I’ve never considered investing in silver but when I heard about it I did some research and it seems like a viable option. This other article was really helpful as well.
/www.life123.com/career-money/credit-debt/inflation/if-gold-is-too-expensive-consider-silver.shtml
So at current prices would you wait to buy physical silver? I was planning on picking up some silver eagles but it looks like we might have a bit of a bubble on gold and silver right now. Your take on it?
The National Inflation Association just declared silver as the best investment for the next decade. Like what I always tell my readers, gold prices will go up but silver is the better investment. I personally wouldn’t wait for silver prices to rise before investing in it. It can go up by about $20 a day if some billionaire suddenly buy out of desperation.
I would’nt worry to much about the price of silver falling with the market as gold hits new high’s so will silver, and at less than $20 an ounce its still quite a good price… Yes silver will fall but it always climbs right back up…
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Silver is down from it’s 30 and 60 day high… I expect it to peak up in the near short term. I think its a good time to buy. Of course, it always a good time to buy silver!
Are you kidding?? SLV and GLD are both junk!!
Physical ownership is the ONLY way to own silver or gold. Stay away from paper promises!
Have you asked yourselves what will happen if the supplier of the certificate goes bankrupt? How many banks and financial institutes have managed to avoid the financial crisis so far? Not many…
What would happen if the Nymex/Comex commodity exchanges can no longer keep their promises of delivering silver to the holders of the certificates? We believe that the Nymex/Comex spot price is irrelevant since it’s not backed with real silver. The demand for physical silver is strong and physical price has decoupled from the paper spot price.
Since the 1950′s, silver use and consumption, has made silver more rare than gold, in above ground, refined and deliverable forms.Estimates suggest there are 200-300 million ounces of refined, above ground silver available to the market at the present time. Each silver contract on the commodity exchange is a promise of delivering 5000 troy ounces. Frequently there are 200 000 Silver contracts in circulation. 200 000 contracts * 5000 troy ounces = 1 000 million of troy ounces.
How is it possible that there is only 200-300 million troy ounces of Silver above ground and at the same time 1 000 million troy ounces of circulating paper silver? The answer is that it is not possible. The more people that takes delivery from their contracts, the higher the risk of the commodity exchanges to default on their promise to deliver the silver. The price of physical Silver will go to the moon when the exchanges can no longer supply the market with their paper Silver.
Don’t buy certificates with a promise of delivery. Buy real physical silver.
Have you thought about being on the seller side?
We combined GOLD and SILVER with a HUGE INDUSTRY
Its a great time for those who are in on the game.
Click on my name-there is a video and enter in your info for a follow up
Thank you,
Ana
@Haydn
Don’t buy certificates with a promise of delivery. Buy real physical silver.
I agree!!
That is what our network of 7000 reps does