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Price of Silver....?

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Most of you may or may not know, the prices of Metals is on the rise. Mid November this year, Silver was sitting roughly £0.51 per gram (spot price) and now it's over £0.63 per gram, that's a ris… Read More
spacemaniac Avatar
6y, 6m agoPosted 6 years, 6 months ago
Most of you may or may not know, the prices of Metals is on the rise.

Mid November this year, Silver was sitting roughly £0.51 per gram (spot price) and now it's over £0.63 per gram, that's a rise of over 20% in less than 1 and a half months.

Would it be a wise decision to invest in Silver?
spacemaniac Avatar
6y, 6m agoPosted 6 years, 6 months ago
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banned#1
It's not a stock market price....the price quoted is a spot price and is on the futures market. to buy the price hoping for a rise you need to take out a futures contract ether through a broker or use a spread betting company like IG or financial spreads....you can buy varying contract lengths which will expire when they reach the forecasted date or you can roll them over into the new contract period....the longer running dates have a larger spread.
3 Likes #2
*rushes to buy domain names... gotsilvergetcash.com & cash4silver.com* (_;)
banned#3
WOOOOOOOSH
I never mentioned the direction of the price movement as you can forcast/bet on a rise or a fall in the spot price.

You really do need to think before you type.

Edited By: slamdunkin on Dec 29, 2010 14:49
banned#4
whatsThePoint
rise could be down to people thinking like you and bubble could burst at any time

The rise is due to governments selling off their reserves which forced the price down, the silver they sold off has been used up by industrial buyers and the current shortage of supply is pushing the price back up.

Also people always need to find an investment trend....property is stagnant and for obvious reasons will remain so for some time....the stock markets around the world are nearing previous highs so natural commodities becomes a good investment as it is a tangible asset.

Edited By: slamdunkin on Dec 29, 2010 14:59
#5
slamdunkin
whatsThePoint
rise could be down to people thinking like you and bubble could burst at any time
The rise is due to governments selling off their reserves which forced the price down, the silver they sold off has been used up by industrial buyers and the current shortage of supply is pushing the price back up.

Are you a market maker?
banned#7
spacemaniac
most metal prices have gone up in the last couple of years, should we start buying and selling with it?e.g. a banana @ tesco cost 15g of copper, a tv @ comet cost 10g of 24ct gold.

If the banks crash again can government's afford to bail them out again...if the answer is now some people could loose their savings and pension funds over night....if you have a gold stash then you have something you can sell for cash which is another reason for the rise in metal prices.
banned#8
off to the Cinema...laterz
banned#9
whatsThePoint
slamdunkin
whatsThePoint
rise could be down to people thinking like you and bubble could burst at any time
The rise is due to governments selling off their reserves which forced the price down, the silver they sold off has been used up by industrial buyers and the current shortage of supply is pushing the price back up.Also people always need to find an investment trend....property is stagnant and for obvious reasons will remain so for some time....the stock markets around the world are nearing previous highs so natural commodities becomes a good investment as it is a tangible asset.
If only there was a shortage of silver to make your tale true

lol.....you is da man
banned#10
whatsThePoint
slamdunkin
whatsThePoint
slamdunkin
whatsThePoint
rise could be down to people thinking like you and bubble could burst at any time
The rise is due to governments selling off their reserves which forced the price down, the silver they sold off has been used up by industrial buyers and the current shortage of supply is pushing the price back up.Also people always need to find an investment trend....property is stagnant and for obvious reasons will remain so for some time....the stock markets around the world are nearing previous highs so natural commodities becomes a good investment as it is a tangible asset.
If only there was a shortage of silver to make your tale true
lol.....you is da man
No, but unlike you i do a few seconds research so i know slightly what i'm on about http://online.wsj.com/article/SB10001424052970203568004576043820398067948.htmlThis quote from the link above doesn't sound like a shortage to me"Concerns are lingering over excess supply. The market is set to see a surplus of 64.4 million ounces in 2010, says Barclays Capital, which could curb prices. This year's surplus will be 16% smaller than 2009's but much higher than previous years."

Gmfs mentioned in your article published a similar report in october which got ripped to shreds by the investment comunity...so for some unexplained reason they have increased the surplus estamate 5 fold in the last 2 months which looses them quite a lot of credability to be so wrong the last time. even there new estamate is peanuts considering chinas is cutting export by a futher 1400 - 2500 tones next year = no surplus
banned#11
Have a read of this before you go quoting what the bankers have to say about the Silver market...

Dear Friend of GATA and Gold (and Silver):

A Chicago law firm yesterday announced another class-action lawsuit against J.P. Morgan Chase & Co. and HSBC Holdings PLC complaining of silver market manipulation. Interestingly, the lawsuit cites GATA's silver market manipulation whistleblower Andrew Maguire and U.S. Commodity Futures Trading Commission member Bart Chilton, and specifies mechanisms by which Morgan and HSBC could manipulate the silver market through the use of silver exchange-traded funds.

The lawsuit complains:

"Before the Class Period began, JPMorgan had become the custodian and an authorized participant of the largest known concentration of silver bars, the iShares Silver ETF, which holds in excess of 340 million troy ounces of silver, a sum that equals an estimated 1/3 of the total present global supply of silver bullion. As a result, it had actual knowledge of the precise whereabouts of much of the world's known silver bar supply.

http://news.silverseek.com/SilverSeek/1293546686.php
banned#12
Whatsthepoint....I see your removed all your post in order to not look like such a tool. But Silver is up 25% since we had our little chat.
banned#13
slamdunkin
Whatsthepoint....I see your removed all your post in order to not look like such a tool. But Silver is up 25% since we had our little chat.


he always does that, shame the quoted ones are still there for people to see

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