silver

Hey guys sorry i am a newbie to this but i have some money from online poker that i want to invest with.  I have been reading up on trading/investing in the last 5 days and seems like something i would really like to enhance my skills in.  As far as buying silver on the markets, do u guys buy it under XAGUSD or is it different dependant on what country u buy it from?  sorry if this doesnt make sense  but i see xag used with different country currencies.  thx

Best advice of this entire thread. I have been on the silver bandwagon since 09 and I am pissed I didn't get more in it.

US is facing major inflation coming up and this will hlep off set how bad it could get. I put most of my money in 90% coins and 40% US coins. I have some bars and a little gold but I will be adding more gold to my portfolio soon. Good luck guys and hold on we are riding a major bull right now.

I buy my coins directly from the VBCE. I have been loading up on silver since Dec 2010 and since then have made over 30% in tax-free earnings.

As FT said do not buy the paper! Buy the actual physical metals (I buy only .9999 maples) and store them somewhere safe. This way you don't need to worry if they are shorting metals or not. (Which they obviously have been for YEARS).

Don't expect to make a million dollars on this anytime soon but if you are smart about it you will have an investment that will grow at 20%+ annually for at least the next few years. Not to mention have something to fight inflation with and continue to grow your net savings. 

I recommend only Canadian Maples, Australian krruugerands, and Chinese Pandas. Although fake chinese silver has been popping up all over the place recently with the spike in metal prices. Do your research on how to tell if your silver is real or not (very simple tests). Dont fall for buying coins on ebay or other sites where the price is way Under "spot", if something is too good to be true, it usually is.

BOL All!  

Ugh...

Ok FT good advice I was thinking about loading up again on $35oz but I will wait for Monday to let the extreme volatility die down again.

I really don't believe Silver can drop below $30/oz right now so 30-32 range should damn well be the bottom. There is just nothing to justify a price drop of this magnitude already. Just simply more examples of the constant manipulation in the commodities markets. I hope the way back UP goes just as fast again when the financial numbers start to come out again next week.

BOL all!

thanks for the advice, i was thinking of buying some but ill hold out.. 

Quote Originally Posted by FrozenTundra:

Silver imo will stay within this range for a while as it creates it's best and capital shifts. Place I buy in Canada is here. I would suggest calling them and see what the price for shipping would be or ask where in the US they would recommend. 

They are the best place I have found in Canada to buy silver & gold.

Thanks, brother. Found the ETF SLX and bought 100 shares at 36.50 today-I think it's heading back to 50.00 and more eventually-too much crazy stuff going on-house of cards...