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Ag Investment Help

Hi all!  I have $1000 I am hoping to invest in silver for my future.  My plan of action is to take out $250 at a time, and invest it in silver and immediately sell it at a price of $1 oz more than I paid for it, and use the profit to repeat the process.  I plan on doing this with all of my money until I later decide to move into other bullion and stocks.  I need all the advice and help I can get.  How would you all recommend I proceed?  Where can I efficiently buy and sell my silver on a whim? Once I get enough money, what other options should I invest in?  When do I know im ready to do that?  Any insights would be appreciated.  -NM

26 days ago

You aren't going to like this but don't do it. Silver and gold at this level will never make you what you want. I like to think of them as an insurance policy. When you see the price of silver it is reflecting one thousand ounce buy contracts. You will be paying at the per ounce price. Say silver hits $30 an ounce. Try to find some at that price. Now this is just my opinion. I could be wrong. I hope I am wrong. I buy silver from time to time because it's fun. I never plan on making money on it. Anyhow, who am I? Good luck. I wish it was this easy.

26 days ago

I see what youre saying....  I am hoping to wait till the price is back down to around 19-23 dollars.  But I think there could be some potential for money to be made.  I dont expect to make more than $500 in a year, but who knows?  I just need more money for my future haha!  I keep that advice in mind.  Maybe I'll explore other options.

26 days ago

26 days ago

@I. R. Bama
 Hey Bama, It didnt send anything.

26 days ago

I only buy silver and gold builliion for a fund when the fecal material hits the fan. And when I was old enough to afford the risk involved. It's not a beginners investment

26 days ago

Gotcha.  Thanks!

26 days ago

If you wait a bit and buy at a little lower price than now, hold it for say 5 years, you may make a little money. I use the hold five years for all investments and I'm old. I believe you are a young guy that can hold even longer. Mix it up. Just make dang sure you are good with loosing all your money. Then have fun. One needs to learn. Again, What do I know??

26 days ago

Silver as an investment is normally a mid to long range proposition.  You also have to take into account any fees you may incur during the buying and selling of silver.  Another thing to consider is do you buy physical silver or stocks?  There are many, many different aspects to dealing with the markets, many of which are too involved to go into here.  I would strongly advise against doing this as a short term way to make money, especially if your initial investment is not a substantial amount.  You will most likely pour time and effort into an action that will net you very little, and you may even end up in the Red.  I strongly recommend against this, I am no expert, but I have been "playing the market" since the 80s.  Sometimes you win, sometimes not, but never invest money you are not prepared to lose.  I wish you luck, whatever you decide to do.  Later!

26 days ago

26 days ago
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