Silver

80s Child

Has anyone any thoughts in silver at the moment? Got a phone call from a friend this evening who is planning on investing 13k into it next week and he was trying to get me to join him. Any thoughts?

stevedublin

80s Child wrote: »

Has anyone any thoughts in silver at the moment? Got a phone call from a friend this evening who is planning on investing 13k into it next week and he was trying to get me to join him. Any thoughts?

I think a 50:50 split of gold and silver would be better than exclusively silver, so your precious metal bets are hedged a bit (both are down a lot from 2011 highs)
If there is an economic crisis, gold might do well as it is a flight to safety, but silver (which is more of an industrial metal) would do badly.

topper_harley2

80s Child wrote: »

Has anyone any thoughts in silver at the moment? Got a phone call from a friend this evening who is planning on investing 13k into it next week and he was trying to get me to join him. Any thoughts?

Get new friends! IMO someone who tries to cajole another person into an investment does fit the criteria for friends!

Do your own research and invest yourself would be my thoughts.

80s Child

topper_harley2 wrote: »

Get new friends! IMO someone who tries to cajole another person into an investment does fit the criteria for friends!

Do your own research and invest yourself would be my thoughts.

Ah now, he was only letting me know, he wasn't putting a gun to my head!!

badboyblast

I have a friend who is heavily invested in silver at the moment and is hoping for it to rise for a nice profit!!

topper_harley2

badboyblast wrote: »

I have a friend who is heavily invested in silver at the moment and is hoping for it to rise for a nice profit!!

That's not a reason for anyone else invest though. Sure All investors hope their investment will rise!

stevedublin

well, did you get invested on time?

badboyblast

topper_harley2 wrote: »

That's not a reason for anyone else invest though. Sure All investors hope their investment will rise!

Yes correct , just making a statement!!! i have a friend who is heavily invested in Silver........

80s Child

stevedublin wrote: »

well, did you get invested on time?

No, didn't go near it. To be honest, I haven't even looked at it! I take it it is on the way up?

odonsm

Earlier this year, I purchased Silver Bullion Coins. Can anyone suggest where I could sell them in Ireland, when the price is right ? As the dealer will only give me spot price or less. While I paid spot price + vat + premium at time of purchase. Any advice greatly appreciated.

Francie Barrett

odonsm wrote: »

Earlier this year, I purchased Silver Bullion Coins. Can anyone suggest where I could sell them in Ireland, when the price is right ? As the dealer will only give me spot price or less. While I paid spot price + vat + premium at time of purchase. Any advice greatly appreciated.

If you go through a dealer, there will always be some sort of cost on buying and selling. You could try going through adverts.ie or donedeal.ie if you are looking to sell. What kind of bullion are you looking to sell? Sometimes silver bullion can command a small premium to spot.

27cyrix

odonsm wrote: »

Earlier this year, I purchased Silver Bullion Coins. Can anyone suggest where I could sell them in Ireland, when the price is right ? As the dealer will only give me spot price or less. While I paid spot price + vat + premium at time of purchase. Any advice greatly appreciated.

what kinds of coin do you have?

odonsm

Thanks for replies, Austrian Philharmonics.

smith_mr

goldcore buy metals even you bought it from a third party

The Duke of Moral Hazard

Just wondering what peoples thoughts are with regard to gold / silver market in the short to medium term.

Below chart is an interesting forecast: