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    Are you missing out on one of the hottest deals?

    Silver Bullion (or minted silver coins).

    I thought i'd just bring this up as the spot price for silver per oz is reaching record highs, and with demand out stripping supply it seems like a good investment.

    I purchased most of my silver oz's when the spot price was $18/oz, (June/Jule 2010) which over here came to £16.70/oz from a dealer, as you always pay above spot and have VAT.

    Now silver not more than a year later is at $35/oz which over here retails at £36/oz (includes VAT), so even selling on ebay your oz of silver is going to sell for around £30+.

    And it is said the Bull has still some time to run, as mentioned before silver has many uses from solar panels to mobile phone components, so unlike gold for example, once it's used it's gone and no longer just sitting in a vault, hence it becoming more valuable as China & India become greater economic power houses the more demand rises.

    So the $50/oz is not unrelistic within the next 1 - 2 years, so i think this could be the hottest deal you could buy today, even if you only purchased 1/oz.

    Also money (paper) just isn't a great place to have all your eggs right now as the central banks pump £billions into the economy each year with nothing to back it up they are devaluing every pound you have saved.

    But do some research into it and decide for yourself, are you missing out on a hot deal?

    16 Comments

    Original Poster

    http://i558.photobucket.com/albums/ss23/chris_wilson_uk/silvermypurchase.gif

    A five year chart of the silver bull so far.

    Banned

    What comes up must come down

    riteondeals

    What comes up must come down



    I disagree. Rare metals and minerals hardly ever go down as they are so rare (Obviously). In fact my dad used to not put his money in the bank and used all his savings on diamonds and gold and put it in a safe in the bank (and cashed then in whenever he needed to!). He would tell me, it is safer and has better rewards than a high interest savings account!!

    In all fairness you could say the same about any non-ferrous metals at the moment........

    transit

    In all fairness you could say the same about any non-ferrous metals at … In all fairness you could say the same about any non-ferrous metals at the moment........



    Very true. I guess thats why all the local gypsies are so busy pulling peoples pipes out!!

    ei8hty5ive

    Very true. I guess thats why all the local gypsies are so busy pulling … Very true. I guess thats why all the local gypsies are so busy pulling peoples pipes out!!



    Youre not kidding, ive replaced the same cables twice in 3 weeks on a site of ours..not sure if i'll be doing the same tomorrow morning.

    Original Poster

    or maybe i've been watching to much Max Keiser!

    Chrissieboy

    or maybe i've been watching to much Max Keiser!



    Impossible

    minted coins?

    Like 5p's

    I have quite a few of them, not sure if i would rather club 3 together and get a chomp bar though.

    Original Poster

    ok, minted silver coins.

    Utah is voting to except Silver & Gold as legal tender again over fears of the falling dollar.

    youtube.com/wat…KcE

    "I disagree. Rare metals and minerals hardly ever go down "

    You are having a giraffe....

    Price of silver in 1980 (yearly avg) = $16.39
    Price of silver in 1990 (yearly avg) = $4.06
    Price of silver in 2000 (yearly avg) = $4.95

    Worth a punt if you have some money you can afford to risk and tie up for a bit. Don't forget brokerage fees/commisions




    ppl may have missed the boat , recession means precious metals go up so If you think that things are going to get worse than buy.

    ei8hty5ive

    Very true. I guess thats why all the local gypsies are so busy pulling … Very true. I guess thats why all the local gypsies are so busy pulling peoples pipes out!!



    They keep pulling up our drain covers! Council FB page says they have told scrap metal companies to stop buying them! They wont though. Dreadful when you drive into them without seeing the drain cover missing!

    wish i heard to my friends when they suggested investing in gold n silver...in early 09

    Original Poster

    maxkeiser.com/

    "take a look"

    Banned

    now £36/oz (includes VAT) and OP thinks $50/oz within 1-2 years

    so basically a loss then lol
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