16 replies to this topic

[YaAli(as)]

So given the state of the economy and the impending collapse, is anyone buying Silver? Does anyone how to go about buying silver bars?

[JawzofDETH]

YaAli(as), on 31 May 2011 - 03:23 PM, said:

So given the state of the economy and the impending collapse, is anyone buying Silver? Does anyone how to go about buying silver bars?

Interesting that you should mention this:
Was watching this the other day: http://rt.com/progra...150-max-prices/

Was-Salaam

[YaAli(as)]

JawzofDETH, on 31 May 2011 - 03:35 PM, said:

Interesting that you should mention this:
Was watching this the other day: http://rt.com/progra...150-max-prices/

Was-Salaam

Yeah, silver is skyrocketing. I just want to know to know how to go about buying it. I've seen sites like APMEX giving good deals compared to local shops but I don't know whether to trust them or not.

Edited by YaAli(as), 31 May 2011 - 04:14 PM.

[Haji 2003]

YaAli(as), on 31 May 2011 - 04:14 PM, said:

Yeah, silver is skyrocketing. I just want to know to know how to go about buying it. I've seen sites like APMEX giving good deals compared to local shops but I don't know whether to trust them or not.

Problem with silver is that if you are buying physical then kilo bars seem to be the best way to do so. Otherwise you'll have  a heck of a lot of coins for even a small holding. Dunno about APMEX, they seem to be credible. You could also look into buying ETFs (paper silver) via some reputable broker like Charles Schwab. Bear in mind though that the hardcore merchants of doom prefer to buy the physical as well as shotguns, bottled water and canned fish.

Personally I have gone for paper gold and gold jewellery - latter keeps the missus happy. My last purchases were made last year, I am hanging on to what I have but not buying more, the rollercoaster to come may be rough, but it will be fun.

[YaAli(as)]

Haji 2003, on 31 May 2011 - 04:29 PM, said:

Problem with silver is that if you are buying physical then kilo bars seem to be the best way to do so. Otherwise you'll have  a heck of a lot of coins for even a small holding. Dunno about APMEX, they seem to be credible. You could also look into buying ETFs (paper silver) via some reputable broker like Charles Schwab. Bear in mind though that the hardcore merchants of doom prefer to buy the physical as well as shotguns, bottled water and canned fish.

Personally I have gone for paper gold and gold jewellery - latter keeps the missus happy. My last purchases were made last year, I am hanging on to what I have but not buying more, the rollercoaster to come may be rough, but it will be fun.

Yeah I was going to get 10 ounce bars, since I think that is the max that is offered by jewelers. I know that people like to think of the hardcore doom and gloom guys as crazy, but a lot of times they do turn out to be right lol. Either way I am unsure about paper gold/silver since I don't know how they work or whether or not their is a possibility you can get screwed.

Many people are saying the dollar is doomed. Might as well hang on to some physical assets for what is to come...anymore investment advice?

Edited by YaAli(as), 31 May 2011 - 04:50 PM.

[learning22]

no

[JawzofDETH]

YaAli(as), on 31 May 2011 - 04:46 PM, said:

Yeah I was going to get 10 ounce bars, since I think that is the max that is offered by jewelers. I know that people like to think of the hardcore doom and gloom guys as crazy, but a lot of times they do turn out to be right lol.

Exactly, to heck with the nay-sayers.
Aside from that I don't have any more input.

I personally don't believe and can't believe in this world's fake economy anymore.
The only way is to plug-out as much as you can from the system and try to be as
self-sustaining and self-efficient as possible.

I am going to make a topic about economics soon.

Was-Salaam

[Ya Baqiyatullah (aj)]

I am thinking of investing in gold bullions, this makes zakat on gold easier.

I think we are approaching the time when Rasool said "Only dirham and dinar will be useful"

[gogiison2]

YaAli(as), on 31 May 2011 - 03:23 PM, said:

So given the state of the economy and the impending collapse, is anyone buying Silver? Does anyone how to go about buying silver bars?

WA wr wb,

Silver is good, according to many astute economists. Choose the bullion bars over the coins. I like dealing with Gainesville Coins in Florida. I would personally choose a bullion bar from a reputable mint such as NTR, Engelhard, or a Johnson-Mathhey  (for silver).

As for paper silver, or stock in silver, I don't know if I would feel safe in an event of a stock market or economic collapse. This is what seems to be going down in the near future. The elitists are vying for a one world currency. Perhaps even electronic and moving away from paper money so that they can monitor your spending habits more closely. I prefer physical assets over virtual any day, but I am no specialists or economist.

For gold, I would choose the Pamp or Credit Suisse bullion.
-------------
Bottom line: I would not hold too many dollars, because just like other countries, when inflation hits, your hard earned cash may barely buy you a loaf of bread.

Edited by gogiison2, 02 June 2011 - 06:59 AM.

[Iranerin88]

I´m also going to invest into silver. but since the bars are so expensive i will buy coins.. one per months ...i ´m afraight the time is coming when money is worth nothing...soon! the whole financial system is breaking down....and silver was always the payment instrument of the poorer people.. i think 15 coins make one gold coin.. (in those difficult times)
these systems try to keep the silver very low...but as soon as everythink breaks down.. they can´t keep it that low anymore.. silver is very usefull also in the industrial industry since it can be used again and again..

[John Al-Ameli]

you should have bought silver from about 7 months ago not now

[Maula Dha Mallang]

how do you buy silver if you live in the UK? ive been toying with the idea for a while but dont know how to go about it

[xstatik2]

If you can predict the movement of the commodities, you should try this ---> Margin Trading

[Nargela]

Funny, my brother bought 3 bars of silver for like 9,000 when it was 30$ it went up to 50$  that would have been 15,000 he didnt sell em now its 10,000 agian (35$ i believe). Also if u want to buy youll need a bank account and depending on the website you get them from they will give you information. If i can help you with anything , info, help just message me on shiachat.

[shoelace]

xstatik2, on 16 June 2011 - 05:53 AM, said:

If you can predict the movement of the commodities, you should try this ---> Margin Trading

Do u even have any idea what  u are suggesting? margin trading is shortest way to hell and bankruptcy

Edited by shoelace, 17 June 2011 - 12:13 AM.

[xstatik2]

shoelace, on 17 June 2011 - 12:13 AM, said:

Do u even have any idea what  u are suggesting? margin trading is shortest way to hell and bankruptcy

Yeah my first 3 words were "If you can predict"

Im waiting to blow up $10,000 just to prove you right... ill send you snapshots of before and after i have placed trades. But in all seriousness and not advocating in favour of MT or Banks providing guarantee there are movements which help you to make the right call. Also, with stop losses and reduced spreads its something which i would very seriously recommend to the sane ones.

Edited by xstatik2, 17 June 2011 - 01:26 AM.

[Lester]

silver is a smaller market than gold so it can be more volitile. silver will never go to zero, unlike many stocks.  The big run up seems to have settled. In the current climate it is a much more sensible investment than many.