QUOTE(lustman @ Jul 19 2011, 08:35 AM)
i don't think it really make much difference if you buy now or later bcos the amount of purchase we are going to make is minimal and it's physical silver, unless your are into margin/futures/etc trading, yes you indeed need to look into all the technical stuffs.
look at gold price now. when i first get involved it was 3 years ago and the price was 2 digits. now i'm still buying whenever i have the money and the price now is 3 digits.
it really doesn't matter if you buy now and it drops bcos you already know that silver price is still undervalued, isn't that why you are into it?
if your projection is long term, then just buy and keep quiet for few years. keep stacking when the price is low. if suddenly the price goes up, i'll bet you'll regret when you did not buy when it's low. Good example again, look at gold and pls don't tell me gold and silver are 2 different things.
the question now is do i need to wait? when is the best time to buy? honestly no one knows.
apply the KISS principle. know what you really want. then go for it.
I totally agree with you. the price doesn't matter for investing in gold and silver. one of the method you cal the silver price is gold silver ratio. for eg. gold price now is $1600 and silver $40 an ounce, and the ratio is 40. in the past, when fiat money wasn't introduced into eco system, the ratio is ranged btw 16-30 (estimated), but now you can see, silver price is extremely undervalued. no matter you buy now or later, it doesn't really much different, only the fiat money's figure fools your eyes and brain.
One more thing, when people talking about investing in bars and coins, and you all observe that silver bars is cheaper than silver coin. one of the reason is silver coin has 3 different value. scarcity value+ numismatic + metal value. that means when the demand of coin increases, scarcity value will increase and pushing price up. while numismatic value is sth like the older the coin, the more value it is. last one is metal value which you see from spot price. sommor, silver coins are highly recognized all around the world, and ppl willingly to accept coin for exchange of goods and services. remember if you r quite new to investing in silver, I'd recommend starting from coins which issue by country's govt ( usually they call legal tender coin) cuz its' more safer.
now, silver bar honestly has only one type of value that is metal value. plus, silver bars can be issued by any corporation. and most of them are not legal tender. when dealing with bars, you have to make sure you buy from a reliable source.
This is only information to you all, if there's an inappropriate comment or against ones party, please let me know. i'd delete my post. thank you... enjoy your time. hopefully my info can help you all.
Jul 19 2011, 09:05 AM
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Anyway i'm still new in investing silver. I still need to learn more from you all guys.
that's y it delay if compare 2 other forumers which cn receive w/in a week.
Save cost & Hassle-free (bt need 2 wait for sometimes)
mine got taxed around RM200+... 
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