Archive for the 'Buying Silver' Category

Oil dropped to $59 a barrel today and it seems as though both gold and silver have been following suit.

Silver has pulled way back from it’s month to month high of $14 down to $12.50 today and looking to continue the downward trend.

For those investors feeling silver, gold and other precious metals will get out of this funk and rise throughout 2007, now may be the perfect time to buy into the metals. One of the easiest ways to get into the previous metal world and buy silver is by buying a share in the exchange traded fund, SLV.

SLV is a great fund that will allow you to buy a share that is completely backed by silver. Silver that is stored in a vault and is added to and taken away from as the fund managers see fit and as investors buy more shares of the fund thus driving the price up.

Silver jumped up above $13 and ounce after hoovering in the $12. Last time we reported silver moving to $13 was over 2 months ago on September 4th, 2006.

This coming just after I offloaded 50 ounces that I had to pay for some of my other ventures. I offload them on ebay which is a great place to buy and sell precious metals. You can usually find a great price for silver by digging around or waiting it out. Most times a few quarters over spot price. I’ve written about selling gold and silver on eBay before at my personal blog, but don’t recommend selling for a spot price buy it now as I just did.

Sometimes you gotta free up some cash to make other things happen.

Call them biased over at goldseek.com but they recently published an article giving two reasons why gold and silver have no place to go but up!

That’s right, war times spell trouble for the dollar, housing prices are falling, inflation is busting out of control and people are searching for places to put their money.

Is it fools gold? Hardly, with the advent of ETFs like iShares SLV and GLD you can now buy silver and gold more easily than ever before. That means more demand for something that is mined in limited amount.

Head over to their article if you don’t believe you should be investing in Gold and Silver, and if you do buy some bars or buy some Shares of SLV, you’ll be glad you did in the long run.

technorati tags:Silver, Bullion, Investing, Precious, Metals

Silver can now be bought via the iShares Electronic Traded Fund, SLV. If you don’t want to have silver bullion bars laying around your house or office or safe then SLV might be for you. The fund is traded on the American Stock Exchange and can be bought through most brokers, online or otherwise.

I recently read through the SLV Prospectus, which was very informative about the whole silver industry and suggested to anyone wanting to know more about the world of silver. The iShares trust/fund consists of all bullion silvers bars held in a vault. The fund is valued based on what comes out to be approximately 10 troy ounces minus the fees to shareholders.

The prospectus is contains charts and graphs, supply and demand charts, and even more. Give it a read if your interested in what’s going with silver.

Have you been thinking about buying silver? Now may be the perfect time. Although silver has been put down lately due to a 100% increase in price in the last year (overpriced or finally catching up) silver may still be a good buy after being pummeled this last month back down to only a 50% year gain of $10 per troy ounce of silver.

For those of you who read finance books you may have read or been suggested to read Rich Dad, Poor Dad by Robert Kiyosaki. A great book and if you are looking for a different frame of mind when it comes to investing I suggest checking out what he and his co-author have to say in their best selling book.

If you have and are looking for more words of wisdom from Robert than you might want to check out his column at Yahoo Finance. He writes a good article over there every couple of weeks and in May posted something about silver and what he thought of the potential to buy even though silver and gold have skyrocketed since the first of the year.

His article titled Five Factors Favoring Silver discusses why Warren Buffets famed advice of “Walk away when everyone else is buying” might not apply yet to silver. He lists five factors he feels that make silver a good buy and why investors should think about adding some silver to their portfolios. These factors are:

1. Silver is Consumable meaning that it has uses in industry other than just ornamental.
2. It’s a precious metal used in money, real exchange.
3. The dollar is becoming more and more worthless.
4. Equities tend to move opposite of commodities, stocks are going down, commodities should go up
5. Silver can now be traded through a paper asset, the exchange traded fund SLV

These are of course just a few reasons why silver may be a good buy but silver no doubt will continued to be watched by many of the worlds top investors and we will follow as close as possible to bring you up to date news on who’s buying what.

There are several ways you can buy silver. You can physically buy the precious metal and store it or you can buy the right to the metal and have something sort of like a stock certificate.

It used to be the every single dollar bill was backed by gold until that was done away with. Every person had the “rights” to gold with every dollar they had. Now, you need to get your rights to gold (and silver) somewhere else.

One of the easiest ways to get into the precious metal silver is to buy silver jewelry. It may sound a little foolish but if you can find certified pure silver jewelry then you are buying pure silver in one form or another. It doesn’t matter if it’s shaped into a unicorn, silver is silver and anyone looking to buy silver will know it’s true value.

With that being said the other easy way to purchase silver is through newly started Exchange Traded Funds like iShares Silver Trust Fund (SLV). Exchange Traded Funds or ETFs are traded just like stocks and the fund is backed by silver and the priced fluctuates with the silver market, demand supply etc etc. There is another fund like this for gold that you could get into but we’re here to talk about silver.

Another way to get into silver is to buy silver bullion. Silver bullion usually comes in bars or rounds and is really only a good buy if its 0.999 pure silver, meaning 99.9% pure silver. Bars, be it 1 oz, 10 oz, or 100 oz bars are easily stackable and can be stored easily in a safe deposit box, a home safe, or somewhere safe like buried in your backyard (not suggested).

Silver Bullion can be purchased through online stores like http://www.nwtmintbullion.com>Northwest Territorial Mint, Aloha Bullion, or eBay.

One more way you can buy silver is to go through a silver broker, where your money is now backed by silver or another precious metal. Again you don’t really own a chunk of silver but you have the right to the silver for what your dollar is worth and we all know that the dollar can fluctuate and cause you to own very little silver depending on the day.

When you look to buy silver, be it online or from your local pawn shop be creative. Search around for a good deal. Sometimes your purchasing method is the limiting factor or maybe its your locale. Whatever it be we hope you get your hands on some quality silver.

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