I want your feedback!
Hi, I am Tim Plaehn and I have recently been put on here at Silver Monthly as the Managing Editor. My goal is to bring timely and interesting posts and articles that will interest you, the silver investor, and hopefully make your investing more profitable.
My background is primarily as a stock market guy, but I have a wide range of interests when it comes to investing. My current interest in silver investing is a strong interest in the stock of Silver Wheaton [[SLW]], which I have actively traded over the last year. I am very interested in becoming more knowledgeable of the other ways to invest in silver.
As the new guy on the block I want to throw out a couple of questions and I hope many of you respond:
- What is your preferred avenue of silver investing: bullion, coins, mining stocks, ETF or something else?
- What draws you to silver vs. other investment choices?
- What types of information would you like to see more of here at Silver Monthly?
This should be interesting reading for myself and those who chose to comment. Do not let your fellow readers down, leave your opinion in the comments section of this article! Most of all, leave some good ideas to make my work here challenging and interesting.
11 Comments to I want your feedback!
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1. Physical is the only route. However that being said it remains very cumbersome to hol don to 10,000 ounces of Silver and at times I have had a little more. I have used Monex, Kitco, Perth Mint Certs and most recently I converted all of my Physical over to a company that I found by chance through a show I listen to on AM Radio in Alberta on Sundays. In this show a guy named Harold Segal comments on the world markets and offers a truly unique perspective on the Metals market. i think he has been calling since about 2000 or so. He offered a number, I called after having been through the ringers with Kitco pool accounts and other avenues an it lead to an interesting company that invests in physical silver using a very nice bullion clearing house called Precious Metals International. The firm is lcaoted in Toronto and I have been 99% happy with everything. It has been the best way to do business simply because it remains now, as opposed to befor4e, a completely liquid investment. I buy and sell on a phone call…..24 hours a day, from Sunday to Friday in all markets. they use all the tools like sell stop order and buy stop orders and instead of paying the riduclous Kitco and monnex spreads and getting nothing I have been working with an individual who is repsonsible for minding my acocunt. I wil let you do your research to find out the company because I am not about to bias your decision…
2. What draws me to Silver is the obvious hedge against inflation, the supply demand scenario, the weak US dollar and the price of Oil….what else is there……..
3. dont knwo this si the first time on this site….
Answers to above questions.
1. 1 oz. silver American Eagles (if and when available at a reasonable markup).
2. Have read articles by Jason Hommel and Ted Butler and if they are half right silver will be the preferred commodity investment. When, this will all happen, is the big question? I don’t understand why anyone would prfer to keep the price of silver down. I should think there would be more profits if the price was free to go up.
3. I would like you to provide names of reputable dealers that use consistant buy and sell prices of bullion coins. I know that this is difficult because of the fluctuations of silver and gold prices. A percentage or markup guide over the spot price would be helpful.
Hi I am interested in buying silver $50.00 a month.
would this be a good investment and how do I do this and make it a good investment. thanks marilyn
shadowstats.comI am interested in learning how having silver physically on hand would work during an inflationary recession. (See Shadow Stats report on hyperinflation:http://www.shadowstats.com/article/292)
I understand how to buy silver (coins, junk silver etc…) but I would like to be walked through the scenario of liquidating it during a severe recession with a weak dollar.
Thanks,
M
I am not sure that physical posession of silver is as much of a problem as you indicated in the article. by my math, $10,000 is (using your number) 600 OUNCES not pounds, which is very portable and takes very little space.
My fascination with slver and coin investing started about a year and a half ago. With regard to investing in physical gold/silver in relation to mining equities. From what I have read we are experiencing a significant decrease in the dollar.
My question.. why would one invest in a mining company that is based in dollars? If it is going up you would relize a profit, but wouldnt that increase be offset by the decling in the dollar? I an not sure what direction to take and what companies to select. Any recomendations. I own over 1000 ounces of silver and am close to completing a set of graded Silver Eagles. I need some help.
Pre 1965 U.S. silver coins are supposed to be 90% silver, yet a local dealer tried to tell me that only 70% is recoverable when melted, therefore he only wanted to pay me at 70% of weight not 90%. Is this legit?
I have heard that most of the silver avaiable for mining has been harvested.
Where can I find information on just how much silver is estimated to be available for mining?
Thanks for any help
Hi, Tim, like Adam I am from Pulaski. I teach an Entrepreneurship class at James River High School in Chesterfield. I read the article about the website in the Richmond Times Dispatch where you referred to the Rich Dad Poor Dad book. We are all about that book in this class. Would it be possible for us to have Adam come and talk to my entrepreneurship class? I know Richmond is a little ways away but being a fellow Cougar, Im happy to reimburse him in gas money.
Thanks
Jon Neblett
Business Teacher
James River High School
Why have you stopped posting?
Thoughts on this idea;
Jason Hommel of SilverStockReport.com, who announced that he, too, is starting a new arbitrage business to take advantage of that surprising disparity by buying silver on the Comex at the manipulated low, low price, then taking delivery, having it minted into individual ounces and small bars, and then auctioned off at prices that more approximate supply and demand, making a profit, and everybody is theoretically happy! Perfect! Effortlessly capitalizing on the governments’ regulatory corruption and the rules of Comex that apparently allow it! Hahaha! Go silver!