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Status: (6) Mercedes
Joined: Jul 2007
Posts: 544
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Expertise: Paper Assets: Options
Locale: Indiana
My Mood:
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Re: investing in silver
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Oct 7th, 2007, 06:32 PM
#2 (permalink)
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I started investing in silver and gold several months ago (over one year) and have some silver bullion at 7.50 and gold at 450. I purchase through Apmex. I don't expect to make a ton of money but am simply using it as a store of value and to have around in case I should need it.
In order to profit from the increase in the commodity prices of gold and silver, I have been investing in the stocks of mining companies. Currently I hold GG and PAAS. At various times, I have owned ABX, GFI, and KGC as well. I would dollar cost average into it whether you are doing bullion or paper.
I would also understand your reason for investing in silver and/or gold. What is your reason?
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