by bumper » December 12, 2010, 11:26 am
Thanks guys I have a meeting with Kimeng tomorrow it one of the things we will talk about, Actually Silver has performed very well this year, still about 40% behind behind golds growth which is expensive now. I believe precious metals are very different then trading stocks. Primarily a hedge against inflation, which I'm sure we are going to deal with at some point.
An interesting aspect with Silver is it's use i in commercial products, telephones, computers, vehichle production and the list goes on and on.
I think what I will find a Kimeng that I can invest in it. But, that normally mean much higher commissions.
Jewelry I hadn't thought of. I did Ok with my Gold bars, no hassle at all sold right back to the guy it was bought from, at a profit. Even offered a discount to buy from him again.
Investment wise for near term future you will do better in the, if your careful and complete your due dilegence before buying.
There was one funny aspect in this book I'm reading. Believe it or not there was a time in America that the coins wee real Silver. At one point Silver went to 1.24. So people hit the banks traded there paper currency for change. Melted it down and sold it at a profit. Hence the coins in America are no longer Silver. Pretty easy way to pick up a 24% profits LOL
From what I can see stocks can be real dodgy in this. J.P. Morgan for example was selling Silver shares and charged storage fee for the Silver which they never really had in the first place. I'm sure it can be bought somehow here, but p[art of the equation is the ease of selling as you have in Gold.
Well if I run across anything of interest I will post it.
Thanks Guys