Showing posts with label silver prices. Show all posts
Showing posts with label silver prices. Show all posts

Tuesday, April 21, 2009

When Is The Best Time To Buy Gold & Silver Coins?


This question has been one of huge controversy but actually has a very simple answer. The answer is ANYTIME! Here is why. It does not matter whether you are using EUROS, Dollars or any other fiat currency. When belief in the currency fades, the value of the currency can go to slightly above zero and eventually zero. This can NEVER happen with Gold & Silver Coins!

The silver spot price from Wall Street is the big shots way of trying to keep the truth about real money verses money created out of thin air backed by nothing away from the masses. If people truly understood the fact that the Federal Reserve is a private FOR PROFIT corporation and NOT part of our Federal Government and they create money out of thin air anytime they chooose, there would be a major uprising.
According to leading industry experts some of the powers that be who prefer the status quo are doing everything in their power to prevent the masses from having a desire to mass accumulate gold & silver coins. One of the most outspoken on the subject is Jason Hommel you can learn more directly from him at http://silverstockreport.com/2009/buyitnow.html . I also invite you to view a video recorded by Robert Kiyosaki and a few of his financial advisors where Robert, recorded on video, calls cash "trash!" Watch it and prepare to be shocked at what you learn.











The purpose of this post is to simply encourage you to consider the following. In 2001 you could buy a one ounce silver eagle coin for $7.00 and if you took a one ounce silver eagle coin and 7 one dollar bills in 2001 and placed them both under your mattress in 2001 and took them out today, the 7 bills would still be worth 7 dollars but the Silver Coin would be worth more than $14.00 and as much as $20.00 DESPITE the spot price of silver!
The bottom line is you can NEVER pay too much for gold and silver when you are using paper money not backed by anything for real money! Do yourself a favor and head on over to http://www.residualcashnetwork.com/ and grab some silver dollars before the market dries up.

Friday, March 20, 2009

Should You Keep Buying Silver If The Price Drops?

Great question and despite the naysayers, the silver market still has more potential for growth than Gold and other precious metals.

The following article will give you some insight to ponder if you are considering cashing in your silver coins. What’s so special about silver? The most plentiful and least expensive of the precious metals, silver has been used in jewelry and as hard currency for centuries. From ancient Greece and Rome to the old silver dime in the US, a silver coin has historically been the equivalent of a day’s wages.

For five hundred years until the mid-19th century, it took between 15 and 20 ounces of silver to buy one ounce of gold. Now that ratio is 58:1. With that sort of benchmark in mind, some analysts argue that silver is distinctly undervalued. Silver has some heavyweight fans too. Warren Buffet bought 130 million ounces of real silver in 1997 - as much as he was legally allowed to buy - and has since been joined in the market by George Soros (who owns a large percentage of Apex Silver) and Bill Gates (who is said to own more than 10% of Pan American Silver).

Why invest in silver?

Supply and demand: every year we are using more silver than we mine. Demand has outstripped mined supply for the past decade, with an average annual deficit of 133 million ounces. Silver bulls say that makes investing in silver a no-brainer: if the dollar continues to fall and the financial markets suffer, both silver and gold will rise as investors make the flight into quality. Equally, if the global economy flourishes and China continues to grow, then more silver will be needed, and the price will rise.

How has the price of silver performed?

As well as being known as “poor man’s gold” and “the white metal”, silver is sometimes called “the restless metal”, because of its volatility. It is a small and thinly traded market, and hence prone to dramatic movements. April, 2003 having risen sharply over several months to $8.29 an ounce, it plummeted 32% in a month. At the end of 2004, it slid 17% in seven days from $8 to $6.50, and has since risen back to over $21.00 in March! Over the long-term, though, the trend is up. In my opinion, Eric Roseman the Investment Director of the Sovereign Society, sums the issue up best when he stated

"Don't let temporary corrections and conflicting headlines fool you: The biggest precious metals bull market in history is now underway! Gold, silver, palladium and platinum are all headed towards record highs in the next few years...and there's more than half a dozen ways to profit from the upswing. Before it's over, mark my words, we'll see $2,500 gold...$75 silver...and more.But it's not just about profits - it's about protection. Soon, your paper money may not be worth the cost of the trees it's printed on. Precious metals have always been - and will always be - the last bastion of value storage available to wise investors."

The moral of the story is…Hold On To Those Silver Eagles if you have any!

White Metal Steels The Show!

Most in the precious metals industry are aware that Gold has done pretty well as an investment since 2001. In fact, it gained 143% in six short years. But it still doesn’t hold its shine against silver.
The “white” metal has jumped an outstanding 169% in the same time. If you haven’t considered silver as an investment, consider that it’s beaten Nestle, Exxon, Walgreen and even Microsoft — combined.

Had you invested in silver in 2001, you’d be sitting on a proverbial “gold mine.” Just a $5,000 investment would have yielded you $12,150. But silver’s gains are hardly over…
Right now, silver’s supply is dwindling while its demand is increasing at record rates (China’s silver supply, for example, is depleted). The following are a few options you may want to consider in regards to investing in silver.

Option 1 is investing in silver mining companies, such as Silver Wheaton (AMEX: SLW), Sterling Mining (Nasdaq: SRLM) and Mines Management (AMEX: MGN). According to a leading silver authority, Alex Williams, “Rarely does the value of a commodity and stock move in tandem.

In this case, though, silver’s increased value will bank well for Silver Wheaton. However, even if silver prices are soaring, one bad boardroom decision or a catastrophe such as a flood or explosion in the mine can topple the value of an individual stock. This extra element of uncertainty makes this option too risky for novice investors. “

Option 2 Silver coins are perhaps the version we’re most familiar with, and reasonably so. Coins are available to purchase in small and large quantities, and storage usually doesn’t take more than a safe in your home, if that. Austin Coin Collectors has a nice selection of new and vintage silver dollars made of 99.9% silver. Northwest Territorial Mint has silver coins and bars (up to 1000 ounces). Bags of 90% silver coins (pre 1965) are also available. And some silver coins can be worth more than their meltdown value because of their rarity, grade, quality and popularity. For example, the 1965 Silver Dime is worth upwards of $9,000. Its value isn’t affected by the price of silver. Common collector coins are.

Option 3 Perth Mint Certificates Program (PMCP). In doing so, your silver is stored with a government guarantee at the Perth Mint warehouse in Western Australia. And you’ll get a certificate that shows how much of the metal is being held for you. Your profits here are directly correlated to silver prices, but the mint does charge storage and insurance fees. Visit www.perthmint.com.au for more details.

Option 4 The best choice for silver investing is through an EverBank Metals Select Account, in which you can buy silver (and gold) at just 1% above the market price. In "unallocated" accounts, your purchased metal is pooled with that of other investors like you, which eliminates storage and maintenance costs. "Allocated" accounts allow you to purchase your own silver and gold bars and coins — with a custodial fee.
Both types of accounts can be set up 24/7 online by visiting www.everbank.com