is Silver a good investment right now?

[Warlord]

I've managed to save up enough to get a few kg's bars of silver so i'm wondering is it worth it or should I just buy one Kruggerand? I like the idea of balancing my portfolio a bit more.

So if not silver what should I do?

 

[oyarde]

Silver is cheap now . I would suggest you have some smaller bars , maybe 10 oz and some old small gold coins less than 1/2 oz .

 

[Warlord]

Silver is cheap now . I would suggest you have some smaller bars , maybe 10 oz and some old small gold coins less than 1/2 oz .

What about paladium oyarde? Looking at the chart its in a bull market for like 10 years. Just massive increases. I might buy half an ounce.

 

[pmbug]

The choice on what to buy will depend a lot upon your circumstances - what you already own, etc. If you buy silver, I would recommend as Oyarde said, to buy smaller bars (no larger than 10oz) or 1oz coins/rounds. You will pay a slight bit more in premiums (than 100oz bars or larger), but they are easier to sell (outside of coin shops / online dealers) should the need arise.

 

[oyarde]

I sold a lot of silver bullion I had bought under 9.00 around 30.00 and reinvested it in Morgan dollars and 2 1/2 gold Indians etc . Most of what I have now I really do not intend to sell so I go with what I like , around here junk silver Merc dimes and Walking halves are about as popular as bars and rounds I think for that same reason.

 

[oyarde]

What about paladium oyarde? Looking at the chart its in a bull market for like 10 years. Just massive increases. I might buy half an ounce.

We do not deal in it here , I know like three people who do in the whole state and they buy it at around 60 to 100 under spot . Any of it that gets bought around here usually gets wholesaled to Upstate Coin and Gold in NY ( Fayettville , wwwupstatecoins.com ) They list on the front page of the site what daily buy prices if you have an account with them . It is probably not as popular as it should be partly because the minting prices are so high over spot . But , yes , I think buying one to hold is OK. I know some guys who did the same with some 1/10 oz platinum coins .

 

[oyarde]

Most silver in shops currently was bought at 17.00 so a ten ounce bar would probably been priced around 180.00 or a dollar an ounce premium and that gets you out of shipping , of course somebody may be offering free shipping and looking is free.

 

[Matt Collins]

Precious metals are speculation, not investment.

 

[RonZeplin]

Back up the truck, and load up while it's cheap.

 

[Warlord]

thanks guys i'm going to invest in some 10oz bars and see how it goes.

I really want to balance my portfolio so silver is a good idea I think.

 

[donnay]

Precious metals are speculation, not investment.

Gold and silver is definitely and investment. So is other precious things. Anything of value can be used as a bartering tool if need be.

 

[Zippyjuan]

Do you expect the economy to tank? Metals tend to move in the opposite direction from the economy- falling in good times and rising in bad.

Coins are generally easier to resell than bars.

Since some people like my charts:

 

[oyarde]

thanks guys i'm going to invest in some 10oz bars and see how it goes.

I really want to balance my portfolio so silver is a good idea I think.

Keep at it and one day you can be a Tycoon like Zippy and I .

 

[Zippyjuan]

Keep at it and one day you can be a Tycoon like Zippy and I .

My investments are mostly California real estate (my home which is paid for) and dividend paying utilities.

 

[Matt Collins]

Gold and silver is definitely and investment. So is other precious things. Anything of value can be used as a bartering tool if need be.

Except that isn't an investment. It is speculation. Big difference.

 

[oyarde]

My investments are mostly California real estate (my home which is paid for) and dividend paying utilities.

Collins might call that speculation , but yeah I like dividend paying utilities.

 

[Matt Collins]

Collins might call that speculation , but yeah I like dividend paying utilities.

No, because that produces something if it is cashflowing.

PMs don't produce anything nor do they cashflow, they just sit there.

You can speculate on land if you buy it, hold it, and then wait for the price to go up before reselling it. But if you buy it and then turn around and rent it out that is no longer speculation, it is an investment. See the difference?

 

[oyarde]

No, because that produces something if it is cashflowing.

PMs don't produce anything nor do they cashflow, they just sit there.

You can speculate on land if you buy it, hold it, and then wait for the price to go up before reselling it. But if you buy it and then turn around and rent it out that is no longer speculation, it is an investment. See the difference?

I have land , some I rent , some I don't . At current property tax levels pretty sure my Grandfather would consider it all speculation.

 

[Brian4Liberty]

Can’t imagine silver has much downside at this point. Buy low, sell high, so they say.

 

[oyarde]

Can’t imagine silver has much downside at this point. Buy low, sell high, so they say.

Thats how I see it . An ounce of silver is about six gallons of gasoline . A high percentage of Americans have none at all but could buy a couple ounces a day in what they piss away eating out .