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Investing in Silver In India at this time ?
Guys , I need to know if it will be wise to invest in SIlver in India at this point of time ? The rates of the metal are already 53-54 thousand. If yes , how much increase would you predict in the next 2-3 years ? I am concerned the price may stop rising soon.
Please advise me !
8 Answers
- 1 decade agoFavorite Answer
As long as these 2 things continue to happen, the value of silver will only continue to increase
1) governments of the world continue printing 'fiat' money - backed not by hard assets like gold but backed only by debt. The more money they print, the less value the existing money has - therefore it takes more rupees to buy the same silver than it used to
2) the world is running out of silver - nearly all of the silver that has ever been mined in human history has been used up - lost forever to the landfills of the world in throwaway electronics and other industrial uses. It is not economical to recycle silver, therefore the only way we can produce more silver is dig it up, and we are running out of known silver ore deposits. The USGS predicts at the current rate of usage the world will run out of silver by the year 2020
Silver is probably the investment opportunity of a lifetime. The fact that most people tell you its not a good investment is actually a good sign - most people don't know about the investment opportunity in silver yet so its not too late to buy. When everyone you talk to are all excited about buying silver, then perhaps it will be time to sell.
Source(s): http://mrsilverag.com/ - ?Lv 61 decade ago
Gold & Silver are the safest investment in india Or all over the world
Source(s): from my point of view silver will touch 60000 in the mid of this year - 1 decade ago
Buddy, i will suggest buy in dips. It is important to diversify your investment.
In my opinion silver will continue its run. You see all the tension in middle east, there is also possible that America will Supply more money in market and also nobody is seeing the japan. They need all the infrastructure more, that will grow the price of commodity more. And i think silver will be at the top in the current year. My opinion .....i invested whatever my savings were last year very happy to see them growing...
- 1 decade ago
You can buy silver at current level ,Dont buy Mega lot try Micro,So that you can average it by buying a lot for the fall of every 1500 points(Depends on the no. of lot and cash balance in hand)..Thus you can reduce the cost and use the flucuations and book the profit easily...Silver is the most volatile metals in the commodity market so you will be able to earn easily..For more details mail me at srilogasen@gmail.com
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- Anonymous1 decade ago
ur asking for long term ,silver & gold will come down for forecoming period