Investment Opportunity

Investment Opportunity - Silver

Okay so if you’ve been following along we’ve made over 17% on Citibank preferred shares (Full disclosure: I own Citi preferred shares and C), over 20% on Gold (Full disclosure: I own GLD and actual gold). I am not currently taking profit in Citi preferred shares as I would like to continue collecting that great dividend from them. I have taken some profit in GLD and gold, but, let’s face it gold is going to $1000 so I am going to stay invested in it and collect that next 7%. As I mentioned before the fed seems content with sacrificing the dollar to try and save the housing market which will continue to help these two investments and will help my next reccommendation.

Why Silver?

Silver has been "under the radar" so to speak as the record prices in Gold and Platinum have taken all of the headlines. Silver has "quietly" gained over 15% during this period to its current level of $16.75. Does anyone know where silver was at the last time gold hit its old record of $850 in the 1980's? I do, silver was over $49 per ounce at the time! Right now gold is at an even higher level and silver is less than half of its previous high. My buillion dealer has a hard time keeping silver in stock and is convinced that silver will soon see $20+ per ounce. I have to agree with him and from its current level that would be an almost 20% gain.

How to Buy Silver.

Buying silver is similar to buying gold in that you can buy the actual metal in the form of coins or bars and also in the form of an ETF or by purchasing shares of a silver mining company. I currently own and I am buying coins, bars, and shares of SLV. If you are going to buy coins or bars please consult your professional coin dealer otherwise I think your'e best buy is shares of SLV which are actually ownership shares of silver. If you need more info on a trustworthy coin dealer or on buying silver please email me.

Easy Money Management’s editorial goal is to provide a forum for personal finance and investment ideas. My blogs and other features should not be construed as investment advice. An investor's best course of action must be based on individual circumstances.