arggh.. Silver is expensive, not sure I should buy... convince me

[Lord Xar]

Thinking of plopping down to buy 20oz.. but geesh, nearly dbl what I paid some time ago....

But all this talk of "silver breaking out"... so dont' wanna just jump the gun, yet -- don't wanna loose an opportunity.

 

[JoshLowry]

Buy 6 oz a month regardless of price? Or whatever number you think you can comfortably afford.

 

[swissaustrian]

Yep, accumulate over time.

 

[pmbug]

None of the issues that have been driving the price of gold and silver have been resolved. The price will have it's ups and downs, but the long term trend will be up. If you are buying physical to stack and hold, you shouldn't have any qualms. If you are trying to "trade" - hoping for short term gains to flip - silver may be too volatile for your health.

 

[libertybrewcity]

buy SLV so you can liquidate it easier if you want to sell or need money.

 

[Jandrsn21]

buy SLV so you can liquidate it easier if you want to sell or need money.

Also try PSLV

 

[swissaustrian]

Also try PSLV

SLV is toxic. It´s a no go. Probably not (fully) backed by physical.
PSLV has huge premiums to its NAV.

 

[muzzled dogg]

buy SLV so you can liquidate it easier if you want to sell or need money.

This is somewhat subjective

Guy down the street is a bullion dealer. Sure he's only open 9-5 but he'll pay in cash

How quickly can you get cash with a from electronic silver shares? Click sell, money goes to a paypal account, transfer to a bank account and go to ATM?

 

[Danke]

Buy 6 oz a month regardless of price? Or whatever number you think you can comfortably afford.

We were talking about silver.

 

[Seraphim]

That's still almost 300$ a month. For a lot of working adults with families that's a responsible level of saving...and many can't do more then that.

We were talking about silver.

 

[muzzled dogg]

i think danke was saying that $300/mo is peanuts

 

[IBleedNavyAndOrange]

McConnell, Reid, Rockerfeller, Nelson, Leahy, Durbin, McCain, Levin, Schumer, Landrieu, Kirk, Baucus, Boxer, Sanders, Graham, Murkowski, Feinstein, Kerry, McCaskill, Hatch, Leibermann, Snowe

Geithner, Bernanke.

 

[Seraphim]

Is it? 3600$ a year saved in hard assets is really not bad for most working families.

i think danke was saying that $300/mo is peanuts

 

[Danke]

That's still almost 300$ a month. For a lot of working adults with families that's a responsible level of saving...and many can't do more then that.

Sorry, inside joke.

 

[Danke]

dupe

 

[libertybrewcity]

This is somewhat subjective

Guy down the street is a bullion dealer. Sure he's only open 9-5 but he'll pay in cash

How quickly can you get cash with a from electronic silver shares? Click sell, money goes to a paypal account, transfer to a bank account and go to ATM?

yea, you are right. it probably would be easier. I wish i had more physical bullion.

 

[Vessol]

Only silver I have is a couple hundred dollars worth of junk.

 

[Icymudpuppy]

Instead of investing in Silver... Invest in Ron Paul for President. Then you won't need a hedge.

 

[Seraphim]

Both.

Instead of investing in Silver... Invest in Ron Paul for President. Then you won't need a hedge.

 

[Blueskies]

Correction: Cash is cheap.

There is no reason to hold your savings in USD, or any other currency for that matter.

If you don't want metals, buy stocks. Buy real estate. Don't hold paper.