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silver

Discussion in 'Making Money' started by unknownn, Sep 26, 2011.

  1. unknownn

    unknownn BANNED BANNED

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    Hi guys its a great time to make money with silver.Have a look it went down fro 50$ to arround 28-30$ and its possible it still will go down for next 2 days.

    People are buying silver like crazy.Dealers closed their shop because 1.they have no silver 2.they wont sell so cheap so you can be sure prices will go up again very soon.


    I recommend to read also the thread posted from MrE how he is banking hard with silver.

    Myself i use margings.Its a risky game and not for noobs but what i do is giving x amount of $ into my marging account and buying silver etf's for a volume which is 10-20 times bigger than i got in cash.
    10-20 times depends how big the risk is that the prices will go down.
    If its low i'm buying 20 times more than i got in cash.Its a 5% security if prices will go down and if the prices will go down more than these 5% the bank will sell my etf's automaticly and i lose all money so be carefull.
    If the risk is high i order only 10 times more than i got in cash this way i got a 10% security.

    So lets say price of silver will go up again in next 6 months to its price of 50$ that would be 23$ per etf which is arround 46%.Using the margings that i ordered 20 times more that i own in cash i need to multiple it with 46% which is 20x46=920% or if you use the lower risk option it would be 10x46= 460%

    I wouldnt recommend to sell silver at 50$ as i'm sure it will go way higher than 100$ but that would be your own decission.



    Its just a very good time to jump into the silvertrain because of the hughe price drop
     
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    Last edited: Sep 26, 2011
  2. StartupBros

    StartupBros Regular Member

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    Agreed. If you arent backing up the truck and loading up on silver, you must not have any fiat currently :)
     
  3. macdonjo3

    macdonjo3 Jr. VIP Jr. VIP Premium Member

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    Coming soon: unknownn gets over 100 nasty PMs from BHW members because he told them to buy silver and they all ended up losing money because of him.

    Just a heads up. (y)
     
  4. unknownn

    unknownn BANNED BANNED

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    dont predict something you dont understand
     
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  5. ahiddenman

    ahiddenman Elite Member

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    Markets went down because the banks bought shed loads.

    Manipulating the markets :)

    Last time i bought silver it was around $25/Oz and i sold up when it hit $40 and i put most of that money into Larger bars for long term and also some gold.
     
  6. isabellamelendez

    isabellamelendez Regular Member

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    I can buy a lot of silver here, but prices are per kilo need to buy on volume, cause im buying from gold ore processing companies. Ive been around on gold mining for a while and never thought silver would be that profitable.

    BTW it works with Gold too, if you have a graph of gold prices from last 6 years up to now, you'll see a big difference in it. maybe 200% more so its wise investing your income on ores/minerals rather than time deposit on bank.

    Thanks OP
     
    Last edited: Sep 27, 2011
  7. PitchBlack*

    PitchBlack* Junior Member

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    Unknown, can you post a link to MrE's thread on silver, I cant find it.
     
  8. macdonjo3

    macdonjo3 Jr. VIP Jr. VIP Premium Member

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    I'm not predicting. I'm just stating the fact that no one knows what the market will do and if it doesn't do what you think, you'll be getting a lot of PMs from noobs. :)

    Not here to fight, but I like the fact you assume you have better knowledge on someone you barely know.

    Macdonjo3
     
  9. unknownn

    unknownn BANNED BANNED

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    you are totaly wrong


    I do and if you need a guarantee that silver will go heavily up in next 6 month i will even vouch with my name on bhw if you are happy.
     
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  10. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

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    you don't even need to buy it, just take a deep breath :)

    "A shipwreck containing 200 tonnes of silver worth about £150m has been found in the Atlantic - the largest haul of precious metal ever discovered at sea."

    [​IMG]

    Code:
    http://www.bbc.co.uk/news/uk-15061868
     
  11. dheer

    dheer Jr. VIP Jr. VIP Premium Member

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  12. unknownn

    unknownn BANNED BANNED

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    @dheer

    its from feb '01 ;) and silver already hit some time ago the 50$ mark.
    So now we are going $50+
     
  13. kecoro

    kecoro Newbie

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    Maybe go to an investment forum
     
  14. dheer

    dheer Jr. VIP Jr. VIP Premium Member

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    bud I did some investments after reading this article around 6 months ago and I'm in win win situation. so thought I would share it.