Archive for the 'Silver Investing' Category

The price of silver is on the rise and there are many ways you can take advantage of it. We’ve already talked many times about the iShare silver trust SLV which has been following the price of silver as it should. It’s an easy way to get into silver rather than buying silver bars, which sometimes can be a little daunting and might require a safe or at least renting a safe deposit box.

You can also get into the silver market by investing in silver mining companies or other precious metals funds that deal with investing in not only metal itself but also mining companies. This can keep you diversified.

I must start out the following list of silver mining company stocks by saying that I’m not suggesting you buy these particular stocks, but if you’re bullish on silver this may be just another play that you want to investigate.

Stocks
General Moly, Inc – GMO
Hecla Mining Company – HL
US Gold Corporation – UXG

Funds
Vanguard Precious Metals and Mining – VGPMX
RBC Global Precious Metals – RBF468
BMO Precious Metals – BMO147

Precious metals investing can be a very lucrative investment strategy, especially during times when there is little faith in the value of the US Dollar. People look for new places to put their money and silver could be that place for you. However, if you’re in debt, like credit card debt, you may need to work hard to erase that debt so you can start investing wisely.

This article should give you some good pointers and resources to help you have proper debt management and enough money to invest in precious metals.

The first thing you need to do is develop a plan to erase your credit card debt. Carrying balances from month to month on high interest credit cards for purchases like movies, dinners, handbags, and more will get you no where fast. You need to create a plan and find out how long it will take you to get rid of that debt at your current APR. We suggest using this credit card payment calculator to get you started.

After you find out what your payments on your current APR are, find the next highest APR you can handle on your current budget. After this find out what your payment schedule would be with 0%. Plan for several scenarios.

Now find credit cards with APRs that fit one of these plans. Start with the best and then move your way down. If you find yourself back to where you started, start over and look harder. If you find yourself stuck maybe you should look into getting a debt management program to help you out. These can really push you to find good rates and get out of debt sooner.

Once you get out of debt, stay out of debt. Once you save a little money and are ready to invest, now look into precious metals as an option. You may like what you see, especially if the dollar is down.

As the value of the US dollar turns south a lot of people are looking at what else to put their money in besides the stock market and savings. People look to financial analysts, books, and online resources to get any and all information they can about where they should go with those sinking dollars. That’s why we want to expand your resources and let you know about an investing blog we found called InvestingBlog.org.

They’ve got lots of great articles to help you learn along with regular updates to keep you posted on how your particular markets are going. Some of the markets our readers might be interested in reading about aside from the traditional markets are for starters the futures and commodities markets.

You probably came to this blog because you’re interested in silver, which is traded in these markets. You can follow what’s happening and learn about other possible plays in these markets besides just investing in silver.

Another market that you might be interested in research while the dollar is down is the forex market or foreign exchange. Why put all your money in US dollars, especially if other markets are beating the pants off the US Dollar. You want to maximize profit. Keep up to date with their posts.

All in all you want to just keep searching for more and more financial resources. The one we mentioned is a good one but there are plenty more out there. We’ll keep sending them your way but in the mean time check our InvestingBlog.org.

There are hundreds of things that affect the price of silver. From the New York Stock Exchange to the price of oil, to the way the daisies are growing in Idaho. But to better estimate which way the price might go, and be better prepared, a silver investor should know a little bit about the history of some of the markets that effect it.

This site all about the stock market gives you information on not only the NYSE but also other markets around the world. Silver is traded world wide and no matter where you are, there’s probably a stock market molding how your business market is being run.

Knowing about these different markets, even if it’s just that they exist, can give you a leg up on a silver investor who only thinks the dollar and the New York Stock Exchange push the price of silver around. Going further than just that they exist, being able to answer the question how does the stock market work is also going to help any silver investor.

With that simple information one can know how the price of a silver mining company gives insight into how next years silver is going to fair. If the price is plummeting, you need to ask why it’s doing so, and if you can answer why, bad managment?, broken machines?, not finding silver? If you can answer those questions you’re on your way to a better silver price estimation.

Also able to help you out is knowing what’s happened in the past. Knowing events of great stock exchanges like the stock market crash of 1929 or the bubble burst of 2000.

Knowing all this information can help you become a more savvy silver investor and increase your bottom line.

You can’t invest money in precious metals unless you learn how to save money. That seems silly but so many people who want to become rich don’t take the time to learn how they can save money and make their money work for them.

That’s why you need to read as much as you can about money issues so you’re ready whenever you need to make and save a few extra dollars, and hopefully invest those extras dollars in some precious metals like silver.

One of the main places you can save money is throughmortgages and building equity rather than throwing your money out the window by giving it to your landlord. Buy a house and begin building equity. Equity that you can use to invest later if you’re wise.

While we’re talking about mortgages we might as well jump right into loans and most importantly making sure you get a sucured loan.If you don’t have a secured loan you might as well keep throwing that money out the window because even the slightest wrong doing can throw your financial world into turmoil.

Also on our list of things you should learn about when trying to increase your wealth and save money to invest in things like precious metals is finding out if you are being overcharged forcar insurance. You might be able to save a bundle just by knowing what you’re paying for in car insurance and what you don’t really need. Maybe changing your deductible to save know could end up helping you in the long run by using that saved money to invest in silver or other precious metals investments.

Making sure you know where you could save money is half the battle, now you just need to implement and do the saving!

I was recently contacted about writing a little bit about a loan site, Credit Loan. I thought for a little while about how I could incorporate the review into this site and remembered that a large amount of people are beginning to invest on margin, or leverage loans to invest.

This isn’t a novel idea but can be very risky. With that risk in mind, you need to know what the risks of taking our a loan are and what consequences these types of loans can have on your credit score. If you’ve fallen victim to poor investments via leverage you may need to repair your credit. This site has lots of articles to get you back in the loan game, or at least allow you to pull out a mortgage for that house you’ve always wanted.

Another useful bit of info for you investors that haven’t damaged your credit report yet is to get a quick loan from a bank, sometimes called an advance. The market shifts on dime sometimes and you may not have the funds available to you to make the investments you need. Having access to a quick loan can keep you prepared for the movements in the market that can make you money.

Good site overall, just reading the information in all the articles may spark some ideas for investment decisions you make in the future. Be careful with credit, know as much as you can.

The precious metals industry saw a surge in per oz. price of silver while the stock market was shaky and the world was feeling it’s bumps.

During that few weeks silver investments topped out with a troy ounce of silver going for around $14.50 USD. That’s the highest it’s been in months after the price of silver cruised past $15 mid last year.

Now prices have begun their retreat more than likely due to profit seekers taking a piece of the pie that the surge brought on. Silver is back below $13 with a few days of sinking prices.

Exchange traded funds are becomming the rage. It’s like mutual fund, but you can buy and sell it easily like a stock.

Most mutual funds you have to buy with a large lump sum and go through one central fund management team. With ETF’s you don’t have to do this. You can go through your online broker and buy and sell funds easily, just like stocks.

As ETF’s came to the forefront last year it’s been talked about that this year will be the year of the ETF. About 200 – 300 more ETF’s are going to launched in 2007 and they’ll be looking to take market share from the 100 or so that came out in 2006.

technorati tags:SLV, Silver, Precious, Metals

We are a little late in reporting this but we just found a report over at miningmx.com

that says iShares will be issuing 15.2 million more shares of it’s iShares Silver Trust which holds pure silver to value the trust. Symbol SLV on the AMEX.

The fund was started with 16.8 million shares back in April which would mean this move would double the amount investors had to work with. With that, a Barclays spokeswoman said that even though they are going to issue the shares it doesn’t mean they are going to “automatically” buy additional metal.

In theory that would mean the price of SLV would decrease making it easier and more affordable for investors to purchase larger quantities of the turst. Right now the price sits at around $130 which as you can see by the ticket in the upper right hand corner comes out to about 1 share for 10 ounces of silver.

Now being an exchange traded fund the price doesn’t always exactly follow the value of the fund but we hope with this move to make more shares of SLV available to investors, they’ll be able to increase their holdings before iShares decides to increase it’s physical silver holdings.

technorati tags:SLV, Silver, Precious, Metals, Investing, Money

Silver and the precious metals market has seen the biggest highs in the last twenty-five years this year, as well as some of the biggest declines over that same time period. Some say there is an inevitable economic crash coming. Others see only good times ahead.

Jason Hommel over a SilverSeek.com is “Positive we’ll prosper with silver.” As he points out, people in the gold world are pessimists, they don’t think the bullish gold market we’ve been seeing will last. Let alone the silve rtha’s being dragged up with it. Gold is undervalued plane and simple and it’s going up. Silver will only be able to follow suit.

Silver will increase in price, as the dollar weakens, the price of gold will increase as well.

technorati tags:Investing, Silver, Money, Prices, Make, Dollars