Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Rich asked in Business & FinanceInvesting · 7 years ago

Is silver worth investing in? Will its price in 5 years be much higher than today?

5 Answers

Relevance
  • 7 years ago

    I hope so I bought 100oz back in january lol. I've been watching the market pretty closely since then and it's had it's ups and downs but as of now it's about 1.50~ more per ounce than it was when I bought it. It spiked to over 45 an ounce a couple of years ago, now it a back to 21ish.

  • 7 years ago

    yes it will be 100% higher and the moon will turn into green chees.

    Gee, if I would realy know the future price of silver, I wouldn't tell

    anyone.

  • ?
    Lv 7
    7 years ago

    I can say that I don't know, Is that enough?

    I have a small amount of physical gold and silver. Not much, but I collect coins, and these are what drew me to coin collecting. I have watched a number of doom-mongers on youtube, who tell me that the dollar is gonna drop-dead - which is hghly questionable. The questions rise when you consider that most of these doom-mongers own shops that er... just happen to deal in silver - so they can do you the unbelievable favour of selling you this stuff at a bargain price!

    I like silver and gold as stores of wealth. Generally, I'd say they manage to hold their own value-wise in the face of inflation, but don't bet the whole farm on that. They don't provide a premium, the ONLY increase in value is reliant on their increasing in availability/scarcity (and cost). I won't even attempt to predict where the value will be in 5 months time let alone 5 years.

    I will tell you not to touch jewellery - at ANY price. Jewellery costing (say) £100 might only contain £5 worth of silver - the rest of the value goes in profit to the shop owner; the designer, plus other costs associated with transporting and stocking the item itself. Not a great value-holder unless it happens to have a traceable history of ownership by somebody stupendously famous.

  • 7 years ago

    Silver and gold keep up with the inflation rate on average.

    That is better than burying your money in the back yard, but not by much.

    . .

  • How do you think about the answers? You can sign in to vote the answer.
  • 7 years ago

    Probably not. Silver has more restrictions than gold does, so there's a bit of a bottleneck preventing its growth. It's cheap, but not without its faults. There's a reason why people don't trade silver that much.

Still have questions? Get your answers by asking now.