Wednesday, October 13, 2010

Silver Investing - Silver at $24 Per Ounce

Silver had some great gains today and spot silver stands at $24.30 as of this writing. In the last 30 days, silver has gone up $3.83 or 18.70% (compared to 30 day gold up 10.64%). Precious metals are moving too far too fast and are due for a correction. Buy on the dips if you can.

You really don't need a lot of money to get started if you haven't already. I read one person's plan for investing in silver. Although this person is on a fixed income, he makes it a point to buy one or two silver dollars at his local coin shop every few weeks. Small but steady.

Totals for Silver American Eagles so far in October are as follows: 1,350,000 with year-to-date totals at 26,830,500. Compare that to Gold American Eagles which so far in 2010 have consumed 1,006,500 ounces of gold.

Happy investing.

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