2015 seems like a good year for hoarding silver

Considering its relatively low price of $16.25 an ounce. This has got to be a buying opportunity. I've been mentioning that copper may not even be a bad play for now. This is when you want to get invested. When everyone else is running away.

 

My observation is that the only people making money in precious metals is the traders. The price is always pumped up my older paranoid people and preppers, but there are not any long term gains to be had. And short term gains are killed by transaction costs unless you are buying huge quantities.

Just my 2c and I am happy to be educated.

 

I don´t see it. Precious metals are the counter to inflation, and I dont´think we are going to have inflation for awhile. Copper is a bit different, but I think right now it is all about the economy of China. it is probably the safest and easiest way to play China.

 

While it's always interesting to hear people's opinions on precious metals, it's an are that I try to avoid myself. Everybody seems to have a different opinion, and a lot of the time the arguments for and against can be convincing.

If like me, your not sure which way to go the metals, it's probably best not to go anywhere near the market. That's why I only invest it things that I know about, each to their own ad they say.

 

Every year is a good year to hoard silver, or any precious metals for that matter. But you are correct, now that silver prices are relatively low, it would be great to buy right now. Buy and stash it away, and watch the prices and your profits rise. Stashing away precious metals are a good long term investment. It is a good way to invest your money, it gives you something physical that you can actually touch, and it is hard to buy things with it. If you stash away cash, there is a good likelihood that you will be pinching from that stash to buy stuff you don't need. But in order to pinch from a stash of precious metals, you will need to go sell it for cash before you can utilize it, which makes it inconvenient to pinch from. It would be a good idea to buy this silver while the price is still low.

 

Certainly investing in a small amount of silver would be nice, but in the bigger picture one should not try to manipulate the market by hoarding silver because as JR points out - lesson learned with the example made about the Hunt brothers, when it comes to hoarding silver.

If interested in the Central Banks activity, here are some charts comparing the activity of gold and silver. Well, being new, I can not post links, but you can search for the quote below, if interested.

Speaking of Silver, just this past week a truck containing about 10 million dollars worth of silver was stolen in Canada. Thus far, no reports of finding the thieves. Looks like they made it through the Port, so who knows where it is now.

 

Silver for me is still a hedge-related bet, with a little bit of economic sensitivity on top. It's probably a good time now to build holdings, though for me I'd only build enough from the hedging perspective.

The fact that it doesn't tend to throw off cash is the main reason why it (and gold) don't appeal so much. But that says more about the way I look at it than anything else. A lot of investors still prefer to view it as a straightforward investment opportunity. I'm probably missing out on a few opportunities...

 

Ha well maybe silver allows you to do that most basic thing...."buy low and sell high." I don't think having precious metals is ever a "bad" investment. I mean look at how the price of gold rose..I think keeping some of these metals and selling them when the price is right may be a very good thing to do. It is simply one of the best things available right now in precious metals it seems.

 

+1. I like PMs and have invested in them since childhood. And I've done OK buying when nobody wanted them and selling them off when they went way up. That said, there is no reason to go nuts with them and I know more than one person who treats them with an almost religious fervor. As part of a nicely diversified portfolio, yes. Going gonzo, no.