Tag Archives: silver prices

The Silver Lining

Now that people are cashing out of everything in this market, many people are buying gold, it has kept its value very well, but the volitility of it has been crazy, many days it can be up or down 5% with ease.  But during this time I have noticed that silver has fell like crazy.  It was $19.70 when gold was $950.  But silver has gone down to $11 when gold was $900.  That is over a 40% drop for silver.

In the past I have made a good deal of money on silver, I bought a lot for under 6 during 1996-1998.  I sold the last of it when silver hit $19.50 at the start of this year, but I have never seen a change this large this fast in silver.  Look at this chart to the right.  This may be a great time to buy silver.  Of course if you plan to buy silver, nothing is better for me than silver bars or coins.  Most coin places sell these for 20 cents above the quotes price, and will buy them for 20 cents below the current price.  This is how they make their money, but you get the item itself, and it is better than hoping the bank you buy the paper from does not fail, or you have a problem getting it done.  Also you can give them as gifts, and sell them to friends and such and pay no transaction fees. Also it is easy to save, when I was in college I would buy two ounces every time I sold a computer, after a few years I had a few hundred ounces.