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Investing in Silver

Discussion in 'BlackHat Lounge' started by extremephp, Oct 13, 2011.

  1. extremephp

    extremephp BANNED BANNED

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    Well, Seeing the silver is just $1 a gram,and hearing people say it would go up soon, I think its the best time to get into it. I am planning for 1kg of silver.

    And yeah, I am just a newbie in investing on commodities, and havent ever done it before. So some one who is good in this can shed some idea if you dont mind. Where can I buy them? Banks? Jeweleries? And once I am to sell it off, where will I be selling to?

    And am I on the right time to invest?
     
  2. NedieNed

    NedieNed Regular Member

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    This is the right time to invest in Silver. It is way cheaper than Gold and going to take value really soon.

    Where to buy it : Go for Germany as they have the lowest tax in Europe for the silver selling. Buy your 1kg bar on internet
     
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  3. ahiddenman

    ahiddenman Elite Member

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    You can buy silver from Ebay , Kitco , Apmex . There are literally tons of places.

    Silver was down a week or so back and its slowly going up so i would invest in it now , But also buy a few grams of gold , Since gold doesnt tend to have huge drops like silver (Gold is more reliable lol).

    If your getting a KG bar then you will need a safe or a bank deposit box. I myself have just over 3kgs silver and almost 2 ounce's of gold sitting in my floor safe.

    Good luck :)
     
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  4. extremephp

    extremephp BANNED BANNED

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    Are you sure buying online is the safe? And 1kg of silver bar coming to me over mail, should I risk $1000 ?

    And yeah, Where will I be selling it to later? To other investors, or to a jewelery or? :rolleyes:
     
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  5. extremephp

    extremephp BANNED BANNED

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    I heard some economists on TV saying that Gold will be going down to less than $200 per 10 grams. The reason he said was that American and all other countries are going to release there Gold stocks to get out of the economic crisis. May be he is stupid, but anyways, I see a lot of potential for Silver than gold.

    And yeah, I get your point about the safe. :)
     
  6. ahiddenman

    ahiddenman Elite Member

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    I wouldnt worry about that as Silver also follows manufacturing, which is going to go right down unfortunately.

    Both silver and gold went down a few weeks back but Silver went down 20% and Gold went down just 5%.

    Not saying i know everything but just because silver has increased so much in the past years doesnt mean that its going to out do Gold.
     
  7. extremephp

    extremephp BANNED BANNED

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    The thing is, with $1k, I can either get 1000 grams of silver, or like 20 grams of gold.

    Since it is 1000 gms, I feel like, I will be making more since a small change in silver's price will give me a huge return. Also if it goes done, I will have to face the consequences too :D

    Anyways, I am open to ideas and tactics before I put in the money. Thanks for the input. Repped you already ;)
     
  8. ahiddenman

    ahiddenman Elite Member

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    Put $200 into gold and the rest into silver then. That will serve you better :)
     
  9. logical

    logical Newbie

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    Don't buy kilo bars, buy bullion coins...if things do go wrong and you need to sell off a bit to bring in money you can sell 5 coins or 10 coins keeping the rest.

    If you have a kilo bar you just have a very cool looking paper weight, because its harder to sell when the time comes.
     
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  10. nnPOST

    nnPOST Registered Member

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    Silver coins.
    Can be:
    1) "investing coins"
    2) old, rare coins

    For first price is near the metal silver price
    Second is investing for specialist.


     
  11. goldengrahams

    goldengrahams BANNED BANNED

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    I would personally buy gold. Silver has been underpriced for a while now. Most big investors are shoring up with gold so you can be sure that the price will remain stuck even with price fluctuations.