Author Topic: investing in silver (Read 2552 times)

tradlover · « **on:** December 01, 2012, 12:49:23 PM »

I know some people who have invested in silver and they say that it is good. Would you people agree?

Tiffany · « **Reply #1 on:** December 01, 2012, 01:06:00 PM »

My father is a financial whiz and I've heard him say to buy silver. He also thinks gold will be confiscated.

Catholic Samurai · « **Reply #2 on:** December 01, 2012, 03:46:39 PM »

Quote from: Tiffany

... He also thinks gold will be confiscated.

Provided they can find it. :rolleyes:

Marlelar · « **Reply #3 on:** December 02, 2012, 10:53:17 PM »

Quote from: Catholic Samurai

Quote from: Tiffany
... He also thinks gold will be confiscated.

Provided they can find it. :rolleyes:

They don't have to find it they just have to make it illegal to deal in it. No reputable dealer will buy it back after that and the black market will drive the price down to the dirt floor.

I like the idea of silver better because it's cheaper, the price has never fluctuated as wildly as gold has in the last 40 years, and because it is "cheap" it will be easier to use for trading, and is not subject to counterfeiting as some gold was found to be recently. It is also more widely used in industry so is less likely to be regulated/confiscated by Big Bro.

Just my personal opinion though as I'm no expert.

Marsha

ggreg · « **Reply #4 on:** December 03, 2012, 01:05:48 AM »

It's illegal to grow and sell cannabis but I believe there is still a market and a market price.

Same for booze during prohibition.

roscoe · « **Reply #5 on:** December 03, 2012, 01:17:16 AM »

:smoke-pot:

Matthew · « **Reply #6 on:** December 03, 2012, 01:17:56 AM »

Gold and silver have been considered money, and held intrinsic value, for milennia.

That's not about to change.

Gold & silver are the only way to take your wealth to any other country and still be considered wealthy (have people around you that want to trade for your "wealth")

I don't know of any culture that doesn't value gold & silver.

roscoe · « **Reply #7 on:** December 03, 2012, 01:19:21 AM »

Quote from: ggreg

It's illegal to grow and sell cannabis but I believe there is still a market and a market price.

Same for booze during prohibition.

:smoke-pot: :cheers:

Tiffany · « **Reply #8 on:** December 03, 2012, 07:56:49 AM »

I don't have an opinion on precious metals and it's not likely I will buy any soon. I was just passing along what I heard, and he seems to be an expert with what will happen in the market.

Marlelar · « **Reply #9 on:** December 03, 2012, 09:49:19 AM »

Preppers store liquor and cigarettes because they also have "intrinsic" value. I think it would be wise to spread your "wealth" across many commodities just to be on the safe side. TP may become more in demand than gold someday :smile:

Marsha

RomanCatholic1953 · « **Reply #10 on:** December 03, 2012, 11:46:25 PM »

Silver is poor mans gold. A good investment.

If you saved $1.00 in silver coins in 1964, and kept it today, the
value is about $30.00.

ggreg · « **Reply #11 on:** December 10, 2012, 03:31:34 PM »

How much would you have today if you'd bought Coca Cola shares in 1964?

That was a pretty safe bet back then because it was already becoming a global brand.

bowler · « **Reply #12 on:** December 13, 2012, 03:18:56 AM »

Quote from: RomanCatholic1953

Silver is poor mans gold. A good investment.

If you saved $1.00 in silver coins in 1964, and kept it today, the
value is about $30.00.

Quote from: ggreg

How much would you have today if you'd bought Coca Cola shares in 1964?

That was a pretty safe bet back then because it was already becoming a global brand.

Coca Cola 1962 $0.25, 2012 $38.00 (152x increase)

Silver (30x increase)

Coke the winner by 5:1!

Telesphorus · « **Reply #13 on:** December 13, 2012, 03:30:12 AM »

Yeah but one is a stock - hindsight is 20/20.

The other is a commodity (in the form of specie) that could be left in the ground doing nothing.

ggreg · « **Reply #14 on:** December 14, 2012, 03:08:00 AM »

Silver could have easily been replaced too by some other element of alloy that accomplished the same thing. Coke was a good bet in 1964. While people are on the planet they are going to drink something and it was already becoming a global brand.

Besides it is worth 5 times as much. And you got dividends during that time I would assume.