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Silver as investment V2, Don't cry, buy now.
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ballackahn
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 Dec 13 2011, 05:07 PM
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Getting Started
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I browsed through 'Silver - The New Shine' book at MPH today and it got me interested to check out on silver. i stumbled on this thread and as of now, spend almost 3 hours reading pages and pages of good stuff written. Now I'm getting really interested in this. I just need some advice from you veterans out there:
my scenario:
i am a complete newbie in the field
and I can allocate 300 a month for buying anything silver.
My goal is to cash out on silver after 4 years, assuming my plans for PHD overseas will work out.
my plan of action:
buy a small bar and a numismatic coin and keep them at a bank safe box every month.
slowly sell them away towards the end of my investment period.
what say you champs?would my plan work?
thanks!
This post has been edited by ballackahn: Dec 13 2011, 05:15 PM
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ballackahn
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Dec 13 2011, 05:16 PM
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Getting Started
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sorry peeps, was reviewing my post when i realized it wasn't detailed enough.
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ballackahn
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Dec 13 2011, 05:27 PM
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Getting Started
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QUOTE(taurusbull @ Dec 13 2011, 05:20 PM) Buy 2 oz of bar/round every month on the chosen week for investment, regardless on the price to cost average your holding cost. thats the plan now mate. just one more question, where do you people keep your precious stuff? if its in bank safe boxes, which one would be good? |
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ballackahn
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Dec 13 2011, 05:41 PM
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Getting Started
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QUOTE(jeff_ckf @ Dec 13 2011, 05:34 PM) My humble opinion only, it might work and it might NOT work. I believe most if not all of those in this thread believe in the future of silver and it is not the same as the future of gold as the latter's use is lesser but its rarity and "big bro" status would be there, for now. However, if you say you need to cash out after 4 years, then the decision becomes murkier as silver's pricing is volatile and touch wood if 4 years from now silver becomes much cheaper (say USD 25 per oz) you would've lost even your capital 'invested'. In the long run however, I have not seen a reason why the metal wouldn't fly. Lastly, the decision would also be like trying to determine if the USD will be repealed in 4 years time as if it does you're in to reap the rewards. Again, that is after all the havoc and chaos of the fall of a giant (USA) subsides. edit: If it falls to USD 25 per oz many here would be rejoicing so please do not misconstrue the "touch wood" part  i myself thought of that too. 4 years might be a bit too short for silver, since it might take some time for it to catch up with gold. Ill probably buy capital protected funds to save up for PHD, while buying silver for the long run. thanks for the insight. where do you get your silver from? and where do you keep em? cheers! |
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ballackahn
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Dec 16 2011, 03:24 PM
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Getting Started
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QUOTE(hit47 @ Dec 16 2011, 02:53 PM) im interested in buying silver but just don know where to start. is silver coins good? I'm myself am new in the field of buying silver, but there a proverb that says, if you don't know, READ. i suggest you try to find this book from Dr. Kong Voon Sin titled 'Silver - The New Shine'. the book should tell you enough about the basics of the investment. Once you are done with that, u could start following the forum to keep yourself updated with the happenings. have fun investing! |
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