Buying silver....

LibertyOfOne · Mar 17, 2008

I'm kicking myself for not buying more silver at 12.25 an ounce. I was lucky enough to get into gold at 250 an ounce so all is not lost.

gilliganscorner · Mar 17, 2008

Wouldn't you want your basement to look like this?:

Eric21ND · Mar 17, 2008

where are you guys buying your silver? what website or are you buying small quantities locally? Is it even worth investing if you only have $2000 to play with?

voytechs · Mar 17, 2008

Eric21ND said:
where are you guys buying your silver? what website or are you buying small quantities locally? Is it even worth investing if you only have $2000 to play with?

http://apmex.com with $2000 you can buy a 100oz silver bar and they will ship it insured to your house for $30.

Your next question will be where can I sell it to take profit? You can sell it back on apmex. You can also sell it to pawn shops, any precious metals dealer in your area even a jeweler. Its a great feeling to hold something substantial in your hands. Everyone that I let touch one of my bars in my RP meetup, has been immediately turned on and is buying silver now. think of it this way. No matter what happens to the markets, exchanges or firms you have your silver. Even if your house burns down and all the silver melts. You can dig it out and re-smelt it and sell it like new.

Also saw a comment before about the size of the thing. When things get bad and you want to sell a small portion of your silver/gold, you can take hack off a piece and sell it by weight. The only downside to holding physical metal, is you can now be robbed. So hide it well. Don't put it in your safety deposit box, that can be robbed by the government. Hide it where no one will find it.

Jason726 · Mar 17, 2008

I'm just starting to look into the gold/silver investments. I know very little about it, but I want to learn some more before I buy.

Does anyone recommend a website, book, brochure, etc. that can give me a good understanding?

Jason726 · Mar 17, 2008

One more question, I noticed that you can buy very small amounts of gold(grams). For someone that doesn't have more than maybe $500 to spend atm, would you guys recommend getting grams of gold or silver ounces?

slamhead · Mar 17, 2008

We already had the correction last week. I don't see the price coming down that much. You will see people taking profits probably towards the end of the week but it will not correct as much as you would like.

BFranklin · Mar 19, 2008

Looks like what I said was right.

Corydoras · Mar 19, 2008

Jason726 said:
I'm just starting to look into the gold/silver investments. I know very little about it, but I want to learn some more before I buy.

Does anyone recommend a website, book, brochure, etc. that can give me a good understanding?

http://www.nma.org/statistics/gold/gold_investing.asp

http://www.blanchardonline.com/gold_as_investment/new_investors.php

And look around on the Economics and Sound Money Forum:
http://www.ronpaulforums.com/forumdisplay.php?f=204

Knightskye · Mar 19, 2008

http://www.youtube.com/watch?v=3LmRHNxQzl8

"Wallstrip". A little stock advice about silver (recent, too).

Flirple · Mar 19, 2008

voytechs said:
http://apmex.com...Its a great feeling to hold something substantial in your hands. Everyone that I let touch one of my bars in my RP meetup, has been immediately turned on....

...Also saw a comment before about the size of the thing...

We are still talking about silver right?

Corydoras · Mar 19, 2008

Jason726 said:
One more question, I noticed that you can buy very small amounts of gold(grams). For someone that doesn't have more than maybe $500 to spend atm, would you guys recommend getting grams of gold or silver ounces?

$500? You can get an entire half an ounce for that. No need to bother with the tiny stuff.

buffalokid777 · Mar 20, 2008

slamhead said:
We already had the correction last week. I don't see the price coming down that much. You will see people taking profits probably towards the end of the week but it will not correct as much as you would like.

We are seeing the correction NOW....And $850/ ounce gold IS NOT out of the question in the coming weeks......If it falls below that.....$800 is a STEAL!!!! I think $800 is the lowest it can go worst case before beginning to climb again......

Archie · Mar 20, 2008

I really dont see Gold doing anything but jittering back and forth like a drunkin sailor in 2008 between its high's and lows of $875 oz to its high of $1060 later on. ITs average price all through 2008 I think will be 990 oz . Silver not going higher then 26 oz at its highest . But I think 2009 will be insane as I think Gold's average will be $1100.00 and silver's being 25 oz I cant make an Accurate prediction for the Spike's of its high's in 2009 but it will be pretty Decent maybe Gold doing 1300.00 and silver doing 30 oz..

buffalokid777 · Mar 20, 2008

Archie said:
I really dont see Gold doing anything but jittering back and forth like a drunkin sailor in 2008 between its high's and lows of $875 oz to its high of $1060 later on. ITs average price all through 2008 I think will be 990 oz . Silver not going higher then 26 oz at its highest . But I think 2009 will be insane as I think Gold's average will be $1100.00 and silver's being 25 oz I cant make an Accurate prediction for the Spike's of its high's in 2009 but it will be pretty Decent maybe Gold doing 1300.00 and silver doing 30 oz..

It is VERY speculative right now....the fed's action has appeared to convince the sheep traders that all is well for now.....

And you may be right....we may see gold and silver ping pong without major gains for the next year......but I really feel we will see MULTIPLE Bear Stearns next year about this time....and If we do....thats when metals will take off for the stratosphere........

Archie · Mar 20, 2008

buffalokid777 said:
It is VERY speculative right now....the fed's action has appeared to convince the sheep traders that all is well for now.....

And you may be right....we may see gold and silver ping pong without major gains for the next year......but I really feel we will see MULTIPLE Bear Stearns next year about this time....and If we do....thats when metals will take off for the stratosphere........

exactly its only speculation , but like you and I said 2009 might bring PM's flyin high, something in my Guts is telling me 2009 should be Wild as 2008 was in the first quarter or more. My God if there is Multiple Bear Stearns people are not only gonna lose there heads there gonna lose there launch

and while Im upset that the mass's dont treat people like Ron Paul with major respect in terms of him trying to warn about a consorted effort to devalue people's wealth and savings that being the US dollar of course I still feel very bad for all those families that would suffer if what you say might happen in 2009 by having "mulitiple BSB" in 2009 .

buffalokid777 · Mar 20, 2008

Archie said:
exactly its only speculation , but like you and I said 2009 might bring PM's flyin high, something in my Guts is telling me 2009 should be Wild as 2008 was in the first quarter or more. My God if there is Multiple Bear Stearns people are not only gonna lose there heads there gonna lose there launch and while Im upset that the mass's dont treat people like Ron Paul with major respect in terms of him trying to warn about a consorted effort to devalue people's wealth and savings that being the US dollar of course I still feel very bad for all those families that would suffer if what you say might happen in 2009 by having "mulitiple BSB" in 2009 .

I think the low price we can get into precious metals on this dip is $800-$850 for gold

And $16-$17 for silver........

What do you think is the lowest price we can buy precious metals on the current dip out of curiousity???

Dr.3D · Mar 20, 2008

buffalokid777 said:
I think the low price we can get into precious metals on this dip is $800-$850 for gold

And $16-$17 for silver........

What do you think is the lowest price we can buy precious metals on the current dip out of curiousity???

I think it might go as low as $900 for gold and $17 for silver, perhaps just a little lower.

buffalokid777 · Mar 20, 2008

Dr.3D said:
I think it might go as low as $900 for gold and $17 for silver, perhaps just a little lower.

You and I agree on silver...you are slightly higher than me on gold.......i guess we'll see where the cards fall

Archie · Mar 20, 2008

I think Both of you have logical predictions in a Jittery economy right now and all the bailouts by the fed.. I would have to say I also so $16 oz Silver and Gold at 875 on the dips these year. But you are right Buffalokid 800 oz Gold is not at all out of the question.

Great theories and speculative predictions guys . I also Wonder How Much PM's Ron Paul Holds today? I read years ago on some news site that Pat Buchanan Hoarded a whole lot of Gold and so forth..

Buying silver....

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