It is hard to how silver prices will play out in 2014. A lot has to do with the economy and politics. A cool site for both historical and live silver prices is here:
http://bullion.nwtmint.com/spot-price-ch...
Most people who invest in precious metals loose. There are some very good reasons why they loose.
1. Usually there is sales tax on the purchase.
2. Nobody will sell the silver at the current "bullion" price without a commission.
3. You cannot get the "bullion" price when you sell.
4. You have to store it.
Silver has to go up by about 50% before you can break even.
A friend of mine bought a lot of precious stones, over a span of about three years. He also bought a lot of jewelry on home shopping network. He even bought a safe to keep them in. Once he lost his job, the amount he could get for the stones, and jewelry was less than he spent on the safe.
I have heard the argument, "when the dollar collapses, I can buy food, petrol, etc with my gold, silver, Rolex, etc". Exactly what makes anyone think that those items will have any value in that event?
It will go up, down, or level - but don't quote me on that.
All I know is, it is on sale right now so I am buying.
If you want to make money before the calendar is changed, look somewhere else.
Keep it 2+ years and you won't have a problem.
~ ~
I spend over $5000 on the shinny stuff, five sources, no tax.
Silver may keep going down as it did in 2013.
With the economy still in recovery mode, what is the outlook for the price of silver in the coming year?
