2007-10-30 08:51:59 · 9 answers · asked by Dr. WD 5 in Business & Finance ➔ Investing
If you are in the US I would say so. With the weak dollar, neither have any signs of getting cheaper. I have some $ invested in silver because it's cheaper, and also because I think gold is going to be slowing down. Historically silver usually "rubber bands" to a lower ratio than what it is now. (its about 55:1) now, 55 ounces of silver to equal 1 ounce of gold.
I'm betting silver to rise until a ratio of about 35-40:1 which would put it around $20/ounce.
2007-10-30 08:59:16 · answer #1 · answered by Krispy 3 · 2⤊ 0⤋
Gold and silver are almost always a good buy but the timing is key. I might want to look at the current trends in the Gold and silver market because they are seemingly headed for a all-time high. Recent reports I have read lately on the matter say that soon gold will be at $2000 a troy oz of gold and that is not much gold for that kind of money. So at $780 dollars for a gold troy oz and $14 dollars for a silver troy oz is not bad because the investment will only increase. When at 5 yrs ago the Gold troy was in the $500 range and Silver in the $5-$10 range. So the invest will increase over time as my sources would say.
2007-10-30 09:01:31 · answer #2 · answered by Anonymous · 1⤊ 0⤋
it's always a good time to buy gold. it is (or is supposed to be) the ultimate inflation hedge.
if the gold price goes down, buy it, because you'll be buying more per dollar;
if the gold price goes up, buy it, because you'll know that your dollar is becoming worth less and less.
silver is relatively undervalued compared to gold, so silver might be the wiser buy. silver has its own supply and demand issues that you will have to monitor. unlike gold, silver has industrial uses, which demand may stress supplies as people in China, India, etc., move into the middle class and buy more and more cell phones and other electronics. silver is also a good alternative bactericide to chlorine, and may become critical as the developing world copes with ever increasing shortages of clean water.
2007-10-30 09:20:11 · answer #3 · answered by smekkleysa 6 · 1⤊ 0⤋
Supposedly it's a decent time to buy silver because its value in relation to gold is pretty low compared to the historical trend.
It depends on what your national currency is, and what is going to happen to the economies of the world in the near future, but it's generally agreed that gold and silver are fairly safe 'investments'.
2007-10-30 08:55:46 · answer #4 · answered by BZR 4 · 1⤊ 0⤋
Gold's value has always been higher than silver's
2007-10-30 08:54:46 · answer #5 · answered by Daryl M 3 · 0⤊ 1⤋
it's always a good time to buy gold.
check out http://www.goldresources.net to see many gold bullion auctions.
2007-10-30 14:15:43 · answer #6 · answered by pristar 1 · 1⤊ 0⤋
Gold! there are more colors of the season that are gold.
2007-10-30 08:54:39 · answer #7 · answered by PeppermintPandora<3 4 · 0⤊ 1⤋
Yes and no. it depends.
Why would you ask strangers whose qualifications and motives can never be known to you? How can anyone "know" the answer to this?
Anyway.... good luck with your "experts"........
2007-10-30 13:05:51 · answer #8 · answered by Common Sense 7 · 0⤊ 1⤋
yes sure! why not
2007-10-30 08:54:31 · answer #9 · answered by A.k. 3 · 0⤊ 1⤋