All the talk has been gold, gold, gold in the mainstream media, but showing once again that most outlets are a step behind, silver is the big news currently. Gold's little brother is pressing $19 per troy ounce and is looking to establish a $17 floor.
The prudent move now is to hold gold and buy some silver. It remains off record highs and like gold, is benefiting from the great turmoil around the world. The economic problems appear to be ongoing, meaning more and more cash is flooding out of the traditional stocks and bonds and into commodities such as gold and silver.
As for silver options, they are just like gold, but instead of clicking the gold icon, hit the silver one. Switch American Gold Eagles for Silver Eagles. Look at ETF's focusing on silver and seek out companies mining silver. Now is the time to act, before like gold, silver becomes over-priced.
Showing posts with label buying silver. Show all posts
Showing posts with label buying silver. Show all posts
Tuesday, December 1, 2009
Wednesday, November 25, 2009
Silver
Hi ho silver away! Silver is taking off and has gone up over $18. It is certainly time to talk about gold's little brother. With gold becoming too overpriced, investors are rushing towards silver, which is way off it's all time highs. Don't be surprised to see silver push $20. Also, it is looking like $15 might be the new floor for any correction at this point.
Wait for the minor correction and jump into silver, especially if it dips back to $17. Well, that's my play at this point, but do your research and be careful.
READ QUOTE>>>>>
Wait for the minor correction and jump into silver, especially if it dips back to $17. Well, that's my play at this point, but do your research and be careful.
READ QUOTE>>>>>
Wednesday, November 18, 2009
John Paulson Betting $250 Million on Gold
Hedge fund manager John Paulson, who bet against the sub-prime market, is now betting on gold. Reports are he is opening a fund and using $250 million of his own wealth as a start. Add this to the continue buying of physical gold by banks around the world and nobody is really sure where this commodity is going.
One thing is for sure, gold is high and silver is looking like a the smarter play. Gold's little brother is still well below it's all-time high, but indicators are pointing towards a big run on silver. The reason is simple; the smart investor will not buy gold, with it being a record high and silver sitting ripe for the picking. It might be time to start thinking less gold and more silver.
Watch CNBC commodity wrap on next page>>>>>>>
One thing is for sure, gold is high and silver is looking like a the smarter play. Gold's little brother is still well below it's all-time high, but indicators are pointing towards a big run on silver. The reason is simple; the smart investor will not buy gold, with it being a record high and silver sitting ripe for the picking. It might be time to start thinking less gold and more silver.
Watch CNBC commodity wrap on next page>>>>>>>
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