Buying silver

[kjfreeze]

Today it's $22.87/oz. Might I buy tomorrow or will it start going up rapidly soon? Right now it's going down. Anyone know this market?

 

[RussellCasse]

Today it's $22.87/oz. Might I buy tomorrow or will it start going up rapidly soon? Right now it's going down. Anyone know this market?

I am in it. Both Gold and Silver. For me they are two fold.

1. Long term strategy. Buy it and be willing to sit on it for some years.
2. Safety precaution in the event of dollar and market collapsing.

I am at an age where I need to be less risk averse.

Do your homework. Physical assets vs futures, ETFs, etc..

Whichever route you take. Make sure you understand all the small print. Purchase prices, fees, buyback options and fees etc.

 

[kjfreeze]

I am in it. Both Gold and Silver. For me they are two fold.

1. Long term strategy. Buy it and be willing to sit on it for some years.
2. Safety precaution in the event of dollar and market collapsing.

I am at an age where I need to be less risk averse.

I can't do gold - not that wealthy. But I can reasonably stock up on silver. I thought about starting with their usual 10 grand gold, but my wife won't let me. Do you think silver will drop some more before it goes back up?

 

[RussellCasse]

Bump @kjfreeze edited my post.

 

[RussellCasse]

I can't do gold - not that wealthy. But I can reasonably stock up on silver. I thought about starting with their usual 10 grand gold, but my wife won't let me. Do you think silver will drop some more before it goes back up?

That’s a great question. It’s been bouncing between 22-25 for quite a while. So many factors here…inflation, markets, supply and demand, dollar value.

Maybe someone who watches it closer can chime in. I bought mine a while back for long term.

Best advice I can give you….

🙏🏻. As a man of faith, he will let you know which moves to make.

“Ask and it will be given to you; seek and you will find; knock and the door will be opened to you. For everyone who asks receives; the one who seeks finds; and to the one who knocks, the door will be opened.”

Let him guide you in all things brother.

Sorry I can’t help more.

 

[JimGaster]

I just sold some gold - therefore it’s gonna spike! 😜

 

[scubagator]

Just buy bullion and don’t pay premium for eagles etc unless you just like the look.

 

[Mdfgator]

Just buy bullion and don’t pay premium for eagles etc unless you just like the look.

Yep.

 

[BamaFan1137]

I am in it. Both Gold and Silver. For me they are two fold.

1. Long term strategy. Buy it and be willing to sit on it for some years.
2. Safety precaution in the event of dollar and market collapsing.

I am at an age where I need to be less risk averse.

Do your homework. Physical assets vs futures, ETFs, etc..

Whichever route you take. Make sure you understand all the small print. Purchase prices, fees, buyback options and fees etc.

Excellent post. Mind the fees especially.

 

[BamaFan1137]

That’s a great question. It’s been bouncing between 22-25 for quite a while. So many factors here…inflation, markets, supply and demand, dollar value.

Maybe someone who watches it closer can chime in. I bought mine a while back for long term.

Best advice I can give you….

🙏🏻. As a man of faith, he will let you know which moves to make.

“Ask and it will be given to you; seek and you will find; knock and the door will be opened to you. For everyone who asks receives; the one who seeks finds; and to the one who knocks, the door will be opened.”

Let him guide you in all things brother.

Sorry I can’t help more.

About 20 years ago I thought I had gold figured out. I was wrong. The game is rigged (like all commodities) so general logic doesn't really work.

Someone smarter than me could certainly figure out how it's rigged and invest based on that.