I am looking at diviersifying my investments, last year when I was looking at buying silver when it was aprox. $17 a ounce and last week it was right around $47. DOH! The price has dropped to $41.36 so I guess my question is, is there anyone here who has more experiance in this matter and might be able answer some questions I might have? Like should I wait to see if the price comes down more? If so how would I know when is the right time? And others.
Any silver buyers?
- Thread starter mr_blove
- Start date
RockMonkey
Suddenly Enthusiastic
Go back in time a year and buy it then. I rode precious metals up all last year and sold all of them right at the beginning of January. I wouldn't get back in at these levels, but that's just me. I bought large cap domestics the first few months of 2011, and now I'm putting money in a mid-cap growth fund.
I probably wouldn't buy precious metals unless I truly felt like we were headed for another big crash soon. The end of QE2 could potentially bring that in June or July. I'm an optimist though, and I think we'll stay on an upward trajectory for the next few years.
Do you have any exposure to real-estate? I have a REIT that is one of my best performing funds this year.
I probably wouldn't buy precious metals unless I truly felt like we were headed for another big crash soon. The end of QE2 could potentially bring that in June or July. I'm an optimist though, and I think we'll stay on an upward trajectory for the next few years.
Do you have any exposure to real-estate? I have a REIT that is one of my best performing funds this year.
- Location
- Bountiful, land of rocks
I Just sold all of mine last week.
- Location
- Bountiful, land of rocks
You must have missed my I want to buy silver post
You posted right after I made the deal to sell. I did well.
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RockMonkey
Suddenly Enthusiastic
What device are you posting from? Inmate the deal? That's smartphone spellcheck-esque, but I thought you were fond of simple devices...
JL Rockies
Binders Fulla Expo
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- Draper
Buying metals now is just as bad of an idea as investing in any other bubble... whose the next biggest idiot?
- Location
- Bountiful, land of rocks
I am fond of simple devices. I am NOT posting from a SIMPLE device (well, now I am, but I was NOT before). I have the most CRAPTASTIC phone in the whole world now. Gadget factor=
actual phone factor=iPhone on ATT. Worst phone I've ever owned as far as dropping calls and getting a signal. I've dropped more calls with this phone in two-three months than I have the rest of the time I've been with ATT (likely 13 years or so?)
Depends on why you are buying it. For a quick buck yes bad idea. For a hedge against economic collapse maybe less bad.
Plus not everyone can afford to pay taxes on a house in florida they don't live in
lets all take JL Rockies advice and invest only in sexayness and white mans pork.
ID Bronco
Registered User
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- Idaho Falls, ID
so say you have some money in a 401 and you do think a reletively bad collapse is coming what would you do with it to not loose it, knowing you won't be making money on it?
RockMonkey
Suddenly Enthusiastic
What kind of a collapse? Worldwide slump, like we saw in 2008-2009, or a downfall of America relative to the rest of the world? Hyper-inflation of the US dollar?