You actually had your plan pretty well thought out already. Easy, just start buying low premium, internatinally recognised, investment grade silver bars. As you progressively gain more knowledgement on silver investment, then you can change your plan or the type of silver investment you want to venture into.

And yeah, don't get too bothered by the price fluctuation, it's not easy to "time the market", just buy at fixed time period and let the law of averaging do the job.

Visit this forum often, learn from others, and also contribute back with sharing what you've learnt over the course of your silver investment journey.

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Added on December 13, 2011, 6:08 pmBuy silver with your disposable money only. If you have some money that's already allocated for a specific reason other than investment or value protection, don't use that money to buy.

If you already have the funds set aside for your PhD, and silver investment is for potential harvest AFTER your PhD completion, then go ahead and invest in silver with your extra money.

This post has been edited by cruzzie73: Dec 13 2011, 06:09 PM

Low energy lifestyle should be more actively promoted as not many people really care about what they can do to adopt such lifestyle, perhaps energy is still too cheap to motivate them to be thrifty/effecient in energy usage. And, people generally do not really undersand what is low energy lifestyle, they never thought about everything and anything manufactured in this world requires energy, cleaning up pollution also takes energy, etc etc. By understanding low energy lifestyle, everyone of us can do a little to contribute to delaying (or possible to avoiding) this economic and social calamity caused by Peak Oil.

Anyway, back to silver......

Silver tarnish is not really a concern when we are keeping silver bars and rounds as it does not affect the value of silver that much, if not at all. It is only a big concern when we keep special items like MS69-MS70. So if we are getting physical silver but concerned about tarnish, just buy bars and rounds. Low maintenance, requires no special handling and care, and low premium.

5. Lots of batteries? Am quite sure there will be people who are willing to exchange with their gold/silver that time.

Anyway, if fiat money is to collapse in the near future, we may not have to wait till oil approaching exhaustion to experience Peak Oil scenario, oil and everything else would become too expensive to common folks who are not well prepared, economic and social unrest could just happen then.

The above list is for longer term preparation, and we here at least already started with item #2. If fiat collapse or Peak Oil is drawing near, then we need to really look into item #5 and other sundries and supplies.

Bear in mind that more than 90% of electricity in Malaysia is generated from carbon fuel. So, it is about how much energy are we using that matters. As for the type of energy, hope the scientists can rapidly improve the technology of various renewable energy generation, to make them more economical, requiring less energy to build, and operating at high efficiency. And hope their work will not be stopped or hijacked by the oil giants.

This post has been edited by cruzzie73: Dec 16 2011, 02:38 AM

What I mean is, whether we switch to using electric or continue to use petrol, it doesn't help much because most of these energy resources are from carbon based fuel and they will run out one day. And no need to fight like a bull, it doesn't help much either.

Maybe i'm more of an optimist, i still believe that if mankind is to gather the resources and work hard, we can improve things. Technological breakthrough may not come easily but we certainly can improve, provided mankind is willing to put in huge resources for research. Imagine if oil giants are fully in support of renewable energy research, how much more can the scientists do. Question is, why they want to do that? They are in the energy exploitation business, while fussion-fission technology is more for energy storage & transfer, don't think they want to go into a battery business. Renewable energy if successful, may provide various sources of energy but that would mean they lose the monopolistic nature of the business. It's all about business......

Just an optimistic hope that one day, they will find ways to benefit from all these researches and start supporting them fully.

And if not, if the current situation continue its course, like Goldchan said we may move back 30-40 years, or more. And in the process of moving backwards we will see economic calamities and social unrest.

hmm..... we are way out of topic now.

Going to.

Better start with low premium investment grade silver bars and rounds because this is the type of investment grade silver closest to the silver spot price. Once you gained more knowledgement about silver investment then only consider whether you should venture into other things like coins, special grades, numismatic collections, etc etc because you would have to pay more premium to get those. Better know what you are really paying for before actually paying it.

Saw this at another thread, thought it's good to share.

It's about US debt situation.

Bankrupt lor!!!!

Hello Abi, welcome to the silver forum. Care to intro yourself?

That depends on our objectives in buying silver.

If we buy for investment and to make money (in fiat terms), then we need an exit strategy. Sell it off after hitting our target price.

But if we buy for the purpose of savings or keeping value of our money, then we do not sell it until we need to use it. It's just like saving money (in fiat terms), we don't use the money unless we need it.

All of us can dream about this but it will unlikely happen within our lifetime.

Reason: unlike fiat money, physical commodity and properties are limited in quantity. The inflation we are experiencing is caused by the unlimited supply of fiat money, thus losing its perceived value. In other words, inflation is the lost value of fiat money. What we see in property and gold/silver price hike now is actually inflation.

But when you compare a commodity to another commodity, physical good to another physical good, there is no such thing as inflation. There is however, changes in the value of the items depending on real demand and supply situation between the 2 comparing items. But since silver/gold and properties are limited in supply, both having growth in demand, both will rise in value. One may rise faster than the other, but i don't see gold/silver rising faster than properties by 100 times. (currently 100oz gold = 1 house) Unless there is reason for demand for PM to increase 100 times more than properties, or supply of property grows 100 times more than PM, it is unlikely to happen.

Marcus, at the top of the pyramid, crown council of 13, with an eye... see that?

And also look at the section "world population control", religion, government, education, media.....

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Added on January 4, 2012, 7:13 pmJoin us for yumcha.

This post has been edited by cruzzie73: Jan 4 2012, 07:13 PM