Eric Sprott of Sprott.com and James Turk, of GoldMoney Foundation, talk about how there isn’t enough silver in the silver market to back existing “paper silver” commitments. Sprott thinks that “silver will be the investment of this decade”.
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^ Photo by http://www.flickr.com/photos/ericteoh/231823932/
May Malaysia be in peace & prosper many more years to come. Enjoy your long weekend and drives carefully!
P/S: Do you know today is also Lee Kuan Yew’s birthday?
I always recommend investing only in silver bullion in either coin or bar format with triple nine finest or better. Compare that to jewelry grade silver, the silver sterling at 92.5% finest, investment grade silver is a pain to maintain their shines. They tend to get tarnished easily.
Worry not! Today, we will bring sexy back to your tarnished silver!
^ Tarnished Canadian Timber Wolf, but still worth RM200 a pop!
Three ingredients that we will be using for our cooking lesson are as follow:
^ You can buy baking soda and aluminium foil cheaply at any hardware shop.
1. Baking Soda (Arm & Hammer – RM9.90 from Ace Hardware)
2. Aluminum Foil
3. Hot Water
It’s an exciting month for September. With Perth Mint introducing the2012 Lunar Dragon, Royal Canadian Mint will be updating their Canadian Wildlife Series with Cougar.
With one of the finest available 0.9999 pure silver bullion coin in market, Cougar is the third of a six-coin series of silver bullion coins celebrating Canada’s Wildlife.
It is limited to a mintage of one million coins and three more issues are scheduled to follow (one dated 2012 and two others dated 2013).
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When it comes to investment, everybody knows about buying at low and selling at high.
Problem is, when is low and when is high?
It feels good to buy while riding the bull thus, common investor buys when thing is going UP. When price is falling, it feels worrisome to buy more. In reality, investors buy the least when price is falling and buy the most when price is moving up.
To solve this, dollar cost averaging strategy is recommended.
While dollar cost averaging works best for shares and mutual funds, it is not as straight forward as it is if you are buying physical silver. We recommend buying physical silver instead of paper silver (some US shares on Mines or Singapore’s UOB silver passbook). It is difficult to schedule a regular amount when you are buying in ounce. You might want to look into investing via Ounce Cost Averaging.
Please make your own assessment of the relevance, accuracy and adequacy of the information contained in this Blog. You are advised to make your independent investigations as may be necessary or appropriate for the purpose of such assessment including the investment risks involved.