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BUY/INVEST IN SILVER INSTEAD OF BUYING THAT NEXT KNIFE...

What buy Silver instead of a knife? What are you talking about JT? I'll tell you...Silver is attainable for the average Joe at $18.35 an ounce. I'm no expert this is just a layman's forray into investing/collecting precious metals. Gold is over $1200.00 an oz., Platinum is over $1500.00 an oz., and Paladium is over $500.00 an oz.

So Silver at $18.35 is very lucrative and supposedly will double in the next year. In 1900 there was 12 billion oz. above ground. Today there's less than 1 billion ounces. Which will probably be depleted in 10 years. Silver that comes of the ground now ends up in computers, cellphones, and other electronics.

Something to think about and look into...

SILVER ( a Layman's view)=GUNS AND KNIVES...

My forray into the collecting/investing in silver (precious metals). How I relate it to guns and knives...lol!

APMEX...
http://www.apmex.com/

CUTLERYLOVERS VIDEO..."Introduction to Precious Metals (Silver and Gold)...
https://www.youtube.com/watch?v=ZbXizT...

U.S. CURRENCY (Wikipedia)...
http://en.wikipedia.org/wiki/U.S._cur...

Get Your Gold and Silver Coins Now
Sean Brodrick
May 28, 2010

Through May 24th, the U.S. Mint has sold 158,000 one-ounce 2010 American Eagle bullion coins, according to the agency’s website. This is already more than double the full-month total of 65,000 for May 2009. This trend has been in place all year. The U.S. Mint’s website shows that one-ounce Eagle gold bullion coin sales for the year to date have reached 489,500, up 18% from 413,200 as of the end of May 2009. The bullion coin sales are motivated by fear, not greed. Gold is typically viewed as a store of value during times of economic and political upheaval. Silver sales are rip-roaring, too. For the month to date, the Mint has sold 3,500,000 of the one ounce American Silver Eagles. This marks the third time during 2010 that monthly silver bullion sales have exceeded 3 million ounces. ...

Tags: .40, .45, 17, 21, 22, 23, 30, 92.5%, 99.9%, 9mm, More…

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Comment by Trent Rock on June 10, 2010 at 18:29: @ Bob
There is fundamental analysis and technical analysis
I think technical analysis is quackery and useless :)
Just my opinion
Ever read the the fine print at the bottom of your mutual fund statement?==>
"Past Performance is No Guarantee of Future Results"
http://en.wikipedia.org/wiki/Technical_analysis
http://en.wikipedia.org/wiki/Fundamental_analysis
http://beginnersinvest.about.com/od/investstrategiesstyles/a/aa0819...

I think, recently, precious metals is driven by the fear of Economic Armageddon
People think the dollar will be useless in the near future
I guess they plan on trading their Krugerrands for bread,baby food and gas or something like that?
The proper term is currency debasement..............

Glen Beck is on Fox News
Turn him on sometime
I guarantee he is talking about the coming hyper inflation, socialism, or the collapse of the American dollar
He has a lot of believers (and Neilsen Ratings)

The large Wall Street investment banks and hedge funds, have at their disposal, the mainstream media to spread stories in an effort to drive prices. Right now, the story being told and sold, is of a collapsing Euro and dollar. And according to “financial experts“, paid shills for Wall Street, the safest way to protect yourself is to buy gold.
http://www.iplanretirement.com/retirementblog/gold-bubble-warning/

I personally think there is a "gold bubble" and it is going to burst
I could be wrong
I have been wrong in the past ;)

Comment by Bob Andrews on June 9, 2010 at 16:26: This goes to Trent Rock's comment.Six Month's?Silver is up $2.88 in the last year and about $17.50 over 10 years. Gold is up over $900.00 in the last 10 years. Thats per ounce,not grams. Like any true investment,you have to be in it for the long haul.
I don't even know who Glenn Beck is?
And to Don Reeves,State Quarters will always be worth 25 cents,rare coins will always be rare.

Comment by Trent Rock on May 31, 2010 at 19:13: Silver is $18.52 a gram right now. Check in 6 months and see where it is at......Trent says....$17.05 :)
What goes up must come down.
No mention of inflation or perceived threat of inflation in the vid? That is crucial to precious metal investing...IMHO
You guys have been watching to much Glen Beck!! ;)...................

Comment by Jay Todd on May 31, 2010 at 11:42: Interesting thoughts

Comment by Bob Andrews on May 29, 2010 at 16:25: AND the US Mint has to buy the Silver they use on the open market as the Government's stockpile of silver was depleted a couple years ago. In 1999 Silver was $3.50 an ounce,in 2008 it topped $20 an ounce for a short spell. Also the Gold to Silver Ratio is way out of whack,with Silver being grossly undervalued compared to Gold. Food for Thought.
Bob Andrews
http://oldhundredcollectibles.com

In Memoriam Comment by Scott King on May 29, 2010 at 8:01: Thanks for the idea, there J T. I'm saving my pennies to buy some real estate once values hit bottom- here in the next year or two.