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i figure if i buy about 10-15 every 2 weeks then i could trade them in for krugs eventually.

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Problem is, is your coin shop able to supply your steady demand, especially when more and more people are catching on to silver?

Do keep a list of how many ounces you bought when for what. That way you can calculate the average price that goes for all your ounces.

As for the krugs, with the frequent purchase size you're considering ($200-ish) you're about at the price you'd pay for an 1/4oz krugerrand or 1/4oz maple when gold cools off a bit. (don't buy smaller gold than 1/4 oz) Look into the markets and decide whether it's the time of the month to buy silver or gold

The fun thing is that you bought stuff and you preserved your wealth at the same time. The wealth hasn't gone, it merely changed form. I'm using "wealth" because money is just one form of it: wealth can also be measured by the ounce. There's 20.000 or so days left to your life. If you have an ounce of gold for every day, you're rich regardless of what happens to the dollar.

My idea of being rich is having a big stack of silver and gold at the bank, and converting some of it regularly at the going rate to get the money you need.

Welcome on board

moon_glue said:

yes... all the excitement of spending cash combined with the satisfaction of saving

it's a wounderful thing

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I'm looking for a great investment but am kind of scared of losing even just a little bit of this hard earned money.

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Why choose the maple leaf over the American Eagle? Is there a huge difference?

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How does one go about selling the silver when the time is right? Online? A coin shop?

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I was thinking about buying a kilo bar of gold and spending the rest on silver.

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I'm doing research but I'm hearing all kinds of conflicting arguments about silver and gold.

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I'm also curious about platinum and palladium. Any ideas?

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Palladium might take off at any time, or it might take a long long time. There's more supply than demand for it and most of the time it's fairly uneventful. A good recent development about palladium is that jewelry is more and more making use of it, increasing the market. What  Palladium needs is for someone to get cold fusion to work but.. yeah.. the odds are against it.

Platinum already had quite some growth. It could take off even further, but with platinum I have the hunch that it's heading for a considerable fall before it will rise again. I don't plan on going into platinum unless it makes that fall.

In any case: do your own research and make your own decisions.

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The price is down to $14.20 now, guess its time to buy.

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I'm fine thank you

trendal said:

Cheezit said:

Oil always goes up this time of year as I can tell.  In the spring/summer it goes to 70 a barrel.  It's one of those short term commodities I guess

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Oil was at about $55 in this spring...after coming up a bit from a low near $50. It does dip somewhat in the spring months (after the winter heating season, before the summer driving season) but for the past 5 years it has risen each time (meaning it doesn't dip as much). If this were a normal year...we should be dropping in price. We aren't.


(the red line is gas prices where I live)

5 years ago oil was only at $22/barrel. 5 years from now I expect oil to be much higher.

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i h4te rs said:

Well its been 3 years.
how does it look now? compare see how much you were off?

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We have seen some of what the price of oil can do in a good market - back in 2008 it hit a record high of something over $145/bbl. Right now we have a weak economy and the price is still around $90/bbl. It's on an upward trend, and has been so for the past 2 years.

I think if we hadn't of had the economic crash when we did, we would see oil well in excess of $145. Of course, that price itself was one of (if not the) factor that caused this recession...so it's unlikely that, in reality, we would have gotten much higher than we did.

Ask me again in two years