Right now the price of SILVER is hovering at around – per ounce. I hear mixed things about investing in SILVER. Some say it is a great investment because there is a shortage and people are buying it like crazy. However, I've also heard that it is over priced and people are pushing SILVER so that they could make a profit.
What do you think about investing in SILVER at this time? Is it too late?
1 thought on “Is it too late to invest money in SILVER?”
It depends on what you want.
In my opinion comodities (precious metals, oil etc) are a long term investment. And in the long term they will never go down because there is a finite amount of it. So whether you buy it at $17 or $25 per ounce it will be more than that in 5 years.
If you are looking to catch the wave and jump on what is booming before it drops again, I can think of a lot better than silver. Check out the futures market & be sure to stay on top of it or you will be very poor very fast.