What does /biz/ think about silver? Good investment? I currently

>>1658104
I don't know know why silver would go up.

>>1658104
Don't expect to make a fortune
Its a good physical asset to protect wealth and buying power
5% is good. Kevin O'leary does the same thing but in gold (5%)

Better than keeping your money in the bank I suppose.

Silver is undervalued at the moment. Don't know many people who will locally buy silver off me though.

>>1658150
I remember at one point I wanted to buy $1k of silver bullion every year. Then I stopped after three years. I guess I could catch up on $7k, although the fact that the price has barely moved since then makes me think it's a dumb idea.

the problem with stacking precious metals is that even if you do manage to buy when its low and sell when its high its difficult to find people who will buy at a good price (or people who will sell near the spot price) so the profit margins become extremely thin, if you're even left with any at all.

That can be a problem with trading stocks as well when you calculate how much the fees cost you, but it seems a lot worse with precious metals to me. It doesn't help that whenever I seriously look at getting bigger into precious metals most of the people I talk to about it are saying they want metals because the global economy is going to implode any day now, and obviously when that happens you want as many shiny pieces of metal as you can get.

>>1658104
Why?
If you are planning on retiring on this money you should be taking considerable measures to make sure no money is lost. Going all in on a hunk of metal that pays no dividend doesn't sound like a sound method reducing the risk of catastrophic failure.

>>1658104
buy under $15 sell above $25
simple as that

I would also diversify into gold, platinum and palladium.

There is still a solid rationale for investing in physical metals:

Exponential population growth, finite global resources, a culture of gold investing in India and China, growing middle classes, an alternative to intangible digital wealth and financial engineering of currencies, protection against inflation and economic crashes, increasing extraction costs, gold forming the foundation of central bank money, jewellery demand, industrial applications etc.