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re: Buying silver online?
Posted on 11/25/12 at 8:59 pm to Zilla
Posted on 11/25/12 at 8:59 pm to Zilla
quote:
you shouldn't buy bullion with the intention of selling it unless you need the money or your world outlook changes IMHO ...it's a store of wealth
This.
If you want to buy and sell, get an etrade account. You'll lose your arse if you plan on buying and then quickly selling in the metals market (unless your a broker/dealer) due to bid/ask gaps and additional premiums charged on purchases. Metals are a storage of wealth in order to secure future buying power and to hedge against declining economic conditions both nationally and on the world stage. With the inevitable rise in inflation coming down the pipe, now is the time to get silver while its still reasonably priced.
1
Posted on 11/26/12 at 10:31 am to drewnbrla
quote:
Metals are a storage of wealth in order to secure future buying power and to hedge against declining economic conditions both nationally and on the world stage. With the inevitable rise in inflation coming down the pipe, now is the time to get silver while its still reasonably priced.
What is your cut off price before you consider silver to be unreasonably priced? Mine is at about $55-60 an ounce.
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