Download David Morgan & Chris Duane Talk Silver and Why You Should Buy Now--02-09-2012 video on savevid.com
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David Morgan & Chris Duane Talk Silver and Why You Should Buy Now--02-09...
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David Morgan of Silver-Investor.com and Chris Duane of Dont-Tread-On.Me join our second roundtable on silver investing. Did you know that the inflation adjusted price of silver, just to equal its prior high of $50 would be over $150 per ounce, based upon government numbers. If you were to use the true rate of inflation, pursuant to John Williams ShadowStats.com, the price would be over $400 per ounce. And right now you can buy it for less than $35 per ounce. Sounds like bargain basement prices to your host.
What form of silver to buy will vary according to your budget and other circumstances. There are no right or wrong answers. But David and Chris agree that Constitutional Silver--pre-1965 US 90% silver coins--should be part of anyone's silver inventory. After you have enough, then you can look at new US Silver Eagles, rounds, 100 ounce bars and anything else you so desire. Just beware of numistmatic coins and make sure you understand the basics of coin collecting if you choose to get involved there. But always be sure that you have a core holding of silver bullion. Lock it up and forget about. Don't watch the paper price fluctuations, as this is simply a distraction that could make you star selling at exactly the wrong moment.
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