2006-08-09 21:41:27 · 4 answers · asked by Anonymous in Business & Finance ➔ Investing
I mean silver bullion.
2006-08-09 21:44:41 · update #1
The problem with silver is that its value is set by speculation not by any intrinsic worth. At the moment the dollar is very weak and people are groping around for a better store of value than the dollar, with a good deal of reason I might add. They think that silver fits the bill.
In my opinion, oil is a better alternative for the simple reason that unlike silver the world economies have a continuing and growing demand for oil and the supply is diminishing at an ever increasing rate. There are alternatives to oil, but not for transportation purposes at least not for the next 50 years.
You can purchase oil directly in the form of oil futures, which I do not recommend unless you are a very savvy investor, and in the form of an ETF that trades under the symbol USO. You can benefit from oil price rise indirectly by purchasing stock in companies that produce oil and companies that service companies that produce oil. A couple of examples, CPO and DVN and APA produce oil. NBR and HP and TDW are oil drillers.
2006-08-09 23:26:45 · answer #1 · answered by Anonymous · 0⤊ 0⤋
not at this point. Precious metals have been on the rise for a long time. When the fear of inflation begins to subside the price of gold and silver will liekly go down. So this wouldn't be the right time.
2006-08-10 04:50:17 · answer #2 · answered by Jon H 5 · 0⤊ 0⤋
Its a Commodity market question. Better you study the daily commodity market graph and invest your money
2006-08-10 04:52:14 · answer #3 · answered by Hardil 2 · 0⤊ 0⤋
yes! invest here in the philippines, it sells very much!
2006-08-10 04:48:49 · answer #4 · answered by schizophrenic 1 · 0⤊ 0⤋