Silver - is it good idea to buy it for investment purpose or not??


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RBO   
Member since: Aug 06
Posts: 1761
Location: Mississauaga

Post ID: #PID Posted on: 25-08-11 14:06:19

Hello CD's experts,

the way Gold is boom in last couple of years. Does it good idea to buy Silver for now as a investment purpose and sell it out after couple of years to get some handsome amount of return or not?

what i am understanding is after gold most prestigious metal is Silver and looks silver is still in good price compare to hot hot gold......

your experts advice always appreciated.......

Regards........



jigz787   
Member since: Aug 04
Posts: 773
Location: Toronto

Post ID: #PID Posted on: 25-08-11 16:22:10

Scotiabank charges $ 2.50 per Oz as 'bar charge' plus 0.50 per Oz commission which makes my buying cost $ 3 higher than the market value...
The worst part is that, I loose $ 3 per Oz as soon as I buy it from them, because when I sell they will give me market value.
Unless you are buying in large quantity like 400 Oz or 1000 Oz.
http://www.scotiamocatta.com/products/faq.htm#Why_bar_charge?
I found it cheaper to send money India and have someone buy it for you over there.. That's what I did for a small amount of investment in Silver.
If anyone has a better/cheaper option except for paper certificate, please do post here.



RBO   
Member since: Aug 06
Posts: 1761
Location: Mississauaga

Post ID: #PID Posted on: 25-08-11 16:53:59

suppose invest in silver start with $5000 right now......does it possible to get good money returns after 2 to 3years about 8 to 10%??

options are either put money to invest in Mutual fund or buying gold or Silver.

any other option for short term investments - let's say for next 2 to 3 years only.....



RBO   
Member since: Aug 06
Posts: 1761
Location: Mississauaga

Post ID: #PID Posted on: 26-08-11 14:12:15

Thanks ashedfc for valuable and expert advice....

do you think block money in silver for 2 to 3 years are ok? or we are looking for atleast 5 to 7 years from today to achieve gain.

regards



peacock1   
Member since: Jul 04
Posts: 1040
Location: Woodbridge

Post ID: #PID Posted on: 26-08-11 16:57:01

Pls check your pm


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