I'm now buying silver as I think it's a good investment....if I would have bought silver instead of all the recording gear I' bought years ago, I'd be very rich by now. So I've decided to start buying silver to add to my retirement nest egg....here's a picture of what I got today !! There's no guarantees with the price of silver, but maybe, just maybe it may go up in value....

That's a nice chunk o silver you got there djwayne. I've been thinking about getting into some of that too. I'm tired of watching my 401k go up and down, and wondering if the US dollar will even be worth anything by the time I'm ready to start drawing from it.

I'd want platinum. Double or Triple would be nice.

30 years ago I worked in a photo lab, where we recovered silver from the photoprocessing chemicals, which was then sold. Great little scam, since the IRS had no way of knowing how much silver the lab recovered. A service would come out, pick up the sludge and refine it into ingots. They'd also advise us when it was a good time to sell, or if we should hoard it.
 
Then one month the price of silver took a sharp rise. The service said hang on to the silver, it's going through the roof. Sure enough, it quadrupled in price in just a couple of weeks. So my coworkers started buying silver, too. My boss picked up $2k worth and asked me if I wanted to go halves on it, but my wife adamantly refused and I had to decline the offer.
 
Lucky for me, not so lucky for my boss. Turned out the price of silver had been artificially inflated when the Hunt brothers tried to corner the market. Once their scam was blown, the price of silver plummeted and never recovered. My boss - and good friend - hung onto that silver for the next 30 years. He died last year, never having seen those ingots ever be worth $2k again.

Thanks, Well the price of silver goes up and down too....I'm gambling the price will go up again....the price is fairly cheap right now, so I decided to buy in a little. Either or, it's good to have some in case of emergency I could sell it off and get my money back....I'll never see the money I spent on my old DA-88 again....

Well the above silver bar sells today for around $200, it wasn't long ago that they were selling for $450.....so the price could very easily rise again, who knows ??

bapu
I'd want platinum. Double or Triple would be nice.

 
http://www.amazon.com/Dou...num-Kiss/dp/B000001ELB
 

 
You're welcome. :)
 
 

Hey, feel free to gamble however you want, but I think you probably would be better off buying "close to vintage" guitars instead.  They're more fun than some cold metal then you can sell them for more after they become vintage.
 
 

Good for you djwayne!! I think gold and silver will be worth far more than the US dollar.
 
Just wondering and I'm only going from word of mouth here, but isn't gold that's the more valuable commodity/better investment?

As soon as the dollar crashes the precious metals will skyrocket in price.  The question is ..when will that occur?  I don't know, but I do know that no other nation has ever done what the US of A is doing right now in a fiscal sense and survived it with intact currency.
 
We are inflating our money supply to the tune of 40Billion or so a month. Anytime the fed hints that it might stop or slow down the pumping, the stock market does down. So it's artificially propped up. At some point it will collapse..... not if... but when.
 
Certainly to have some gold, silver and other metals is not a bad thing. Long term food storage and water as well as guns and ammo are a good investment ...... Just don't get too paranoid over it.