American Silver Eagle

OP here. Also if you have any good recommendations on where to start with investing in general that'd be great.

>>2793693

try cryptocoins

>>2793651
>bought at $21 all those years ago
>never recovered

Granted precious metals are manipulated as hell but the only time I ever see these breaking out again is the next depression/recession.

>>2793760
Cool meme. Iron doesn't stand up to time, gold does.

I've just started buying silver eagles. I think it's a good investment. Just buy some every month and do dollar cost averaging like with stock.

Silver is going to moon harder than any crypto shitcoin. Just give it time...

>>2794310
truth
some day. we silver bugs will win

>>2794310
>moon harder than any crypto
Delusional.
Silver will eventually rise, but I hope you're not believing that $600 an ounce bs.

File: Girls.png (490KB, 449x401px) Image search: [Google]

490KB, 449x401px

>He fell for the precious metals meme.

Silver and gold aren't really investments. They are stores of wealth. They're a safe bet to always be worth something unlike fiat currencies.

>>2794353
>>2794369
it'll happen. clif high and bix weir told me so

Boomers will sell all their elemental bags onto millennials when it reaches at all time high.

>>2794377
Those niggers doubled my money with veritaseum

>>2793651
>>2793885
Silver will always worth something, until scientists come with some radical innovation that could create silver out from thin air. It's chemical properties guarantee it's demand in plenty of industries, specially electronics. So placing some money on silver is always a safe bet, as long as you follow the buy low, sell high logic.

As example, looking at some charts, the price for silver within the last year have been going, most of the time, from $16.50 to $19.10. There have been instances when it have moved and maintained for a while outside those margins, but those were rare and short periods, so acquiring silver above $19.11 is dumb. $21? LOL. Someone watched the silver going up, took a bit too seriously the moon meme and bought too much overvalued silver. And given the current circumstances, yeah, is nearly impossible to recover the investment, and considering inflation, it's already a loss.

Personally, I bought silver at $16.40 back on july, 2015. According to this website (http://www.usinflationcalculator.com), to keep with inflation, silver should be worth $16.95. The silver average price within the last month is $16.91, but on friday silver closed at $15.93. If I were to sell, I would have to take a huge loss. However, right now silver is going through a low phase (I don't know why), so is that time of the year when I double my bet and take my chances. After all, the average price within the last year is $17.83,and have reached $21 on august 2016.

However, one last word of advice: diversify. Don't put all your eggs in one basket.

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