I want to buy Silver Stock: How?

[PropertyGuRu]

Hi Guys,

I am buying Silver from ABC bullion for last few months but i want to leverage. is there any company where i can buy shares ( if company deal in silver etc ) or any other way to leverage while buying silver or even gold.

Sorry I am a pure newbie to share market. hope you guys will help me

cheers

 

[DB008]

I don't think that a newbie should be leveraging themselves. It could end in tears.

 

[Bullion Money]

If you have been buying silver the last couple of months you will be up almost 40% if not more?

As suggested, maybe worthwhile to stick to the hard stuff before you get your head around leveraging/shares etc before jumping in...

I would also read up on QE2 and the potential of QE3. The implementation of or not the QE2 would dictate enter/close my positions in some shares...

Are you buying from ABC sydney or brisbane?

 

[LifeChoices]

I asked myself the same question two weeks ago and haven't looked back since - I'm up 50% on my purchase.

My expert newbie opinion is follow the link, find a company and buy up some stocks, put on your seat belt, and sell when the silver spot price is sometime just before 5% of gold spot price.

http://lmgtfy.com/?q=silver+miners+listed+on+the+asx

 

[kitehigh]

Hi Guys,

I am buying Silver from ABC bullion for last few months but i want to leverage. is there any company where i can buy shares ( if company deal in silver etc ) or any other way to leverage while buying silver or even gold.

Sorry I am a pure newbie to share market. hope you guys will help me

cheers

The main silver plays on the asx are;
ccu (I hold)
ARD (I hold)
AYN
SVL

Research these and come to your own conclusions and speculate with only as much as you are comfortable with.

 

[Smurf1976]

If learning to fly, a Cessna based at a small airport is a better choice than deciding that landing an A380 or a 787 would make an ideal first flight (and there's no chance that any airline is going to let a novice anywhere near the controls of such a plane).

If learning to drive, a Corolla on a quiet street is a better choice than a Veyron or a GTR on a racetrack.

If learning about electricity, you're much safer with a few torch batteries and bits of wire than messing about in the switchyard at Loy Yang (or any other power station).

If learning about shares, you shouldn't even be thinking about leverage in my opinion. Same underlying reasons as all the above - the odds are high that you'll make a mistake that ends badly.

Big aeroplanes, fast cars, massive power stations and the share market will all still be there tomorrow. No need to blow yourself up before you've learnt how to do it safely...

Just buy some shares if you think that's a good idea. But I'd strongly suggest not leveraging things until you understand all the issues involved.

 

[DB008]

Very good summary Smurf.

Here is a link to ETFS Securities which have shares that follow the price of precious metals that can be traded on the ASX. None of these are leveraged either.
http://www.etfsecurities.com/au/securities/etfs_securities.asp

(I hold ETPMAG-Silver)

 

[PropertyGuRu]

Thanks guys. I am buying abc sydney and letting them hold my silver and gold hope its safe... yes its gone up a lot i should have been buying more ( greedy me )

i never bought a share in my life but yes i have some idea. I want to leverage which I can afford. I mean if i have 20k in my bank I want to buy share worth up to 20k so even if lose i don't have to worry much. ( if i can buy those stocks with only 5k or 10k my money )

thanks again

 

[PropertyGuRu]

I read each reply again and thanks to all guys... yes i will follow your advice and check out things before jumping hard into it.

cheers

 

[LifeChoices]

I read each reply again and thanks to all guys... yes i will follow your advice and check out things before jumping hard into it.

cheers

Hey, if it all ends in tears make sure you spill your beans here

 

[TabJockey]

I dont know about you guys, but seeing all these clueless people jumping into silver, all the threads and the news and the hype because of its performance, makes me want to liquidate. It absolutely reeks of a top, and from about a year ago, the $50 mark has been quoted time and time again, and it looks like $40-$50 is going to take no time at all.

I think there will be massive selling at $50 or slightly before maybe about $49.

This has nothing to do with fundamentals of silver, more to do with market psycology.

 

[burglar]

This has nothing to do with fundamentals of silver, more to do with market psycology.

When silver and gold go up, silver goes faster than gold. (percentage wise)

But when they retrace, the ar$e will fall out of the silver so fast, it'll make your head spin.

Have a flutter, but don't put your house on it!

 

[explod]

When silver and gold go up, silver goes faster than gold. (percentage wise)

But when they retrace, the ar$e will fall out of the silver so fast, it'll make your head spin.

Have a flutter, but don't put your house on it!

How do you know all of this? Burglar you have made a lot of assertions (and on the other thread on silver too) without nay real qualification.

Would be keen to hear a bit more on the dangers but backed up by some facts.

And because something has happenned in the past it does not necessarily follow that it will be like that this time. With the current overprinting of money on a scale never ever before witnessed it just may be a bit different this time.

Anyway, love to hear some more.

Happy Easter to all, Explod

 

[explod]

The following indepth paper by Doug Casey sets out very good reasons for golds rise. He mentions silver and as part of currency the story is equally relevant to silver. Enjoy:-

http://news.goldseek.com/GoldSeek/1303671600.php

 

[burglar]

How do you know all of this? Burglar you have made a lot of assertions (and on the other thread on silver too) without nay real qualification.

Would be keen to hear a bit more on the dangers but backed up by some facts.

And because something has happenned in the past it does not necessarily follow that it will be like that this time. With the current overprinting of money on a scale never ever before witnessed it just may be a bit different this time.

Anyway, love to hear some more.

Happy Easter to all, Explod

Hi explod,
Happy Easter to you too!

I was unaware that i need a qualification to look at charts.
Silver, Real estate, whatever ... it all goes up, it all goes down.
Not saying don't buy it ... just saying be careful!

My very humble opinion!

 

[explod]

Hi explod,
Happy Easter to you too!

I was unaware that i need a qualification to look at charts.
Silver, Real estate, whatever ... it all goes up, it all goes down.
Not saying don't buy it ... just saying be careful!

My very humble opinion!

Well lets make it simple. In effect I was asking you to explain why you say that silver will go down faster ?

Just because it went up faster does not mean it will go down faster. In 1980 it went up more than 50% in 2 days, now that is very fast and of course it had to crash on that basis alone. But this time silver is going up in a fairly steady and orderly fashion. It seems to have legs, meaning a lot of support from buyers. And we could support that with many other bits of information too.

So my freind I have given an explanation for my assertion; ie. I have backed it up with some reasoning.

Thats all

 

[burglar]

Well lets make it simple. In effect I was asking you to explain why you say that silver will go down faster ? ...

Like you, I read it somewhere!

All the reasons given in the article for silver going up at a faster rate than gold (eg. silver has industrial uses) were the same reasons given in that same article for a faster retrace than gold

I would quote it and link it, if I had any idea where I found it.
Sorry to disappoint!
*insert appropriate smiley*

 

[burglar]

Well lets make it simple. In effect I was asking you to explain why you say that silver will go down faster ?
...

So my freind I have given an explanation for my assertion; ie. I have backed it up with some reasoning.

Thats all

Silver to Gold Ratio

http://www.rapidtrends.com/silver-to-gold-ratio/

Not the exact same article ... but proves that I didn't make it up!!
And you can still disbelieve if you want to!

Your call,
your silver,
your veggie patch!

 

[tothemax6]

I dont know about you guys, but seeing all these clueless people jumping into silver, all the threads and the news and the hype because of its performance, makes me want to liquidate. It absolutely reeks of a top, and from about a year ago, the $50 mark has been quoted time and time again, and it looks like $40-$50 is going to take no time at all.
I think there will be massive selling at $50 or slightly before maybe about $49.
This has nothing to do with fundamentals of silver, more to do with market psycology.

Yes the silver graph has always scared me away. It is starting to get the classic exponential look. It has doubled in the last 3 months. And when you go on youtube, and you see all the videos of 'silver stackers', stockpiling as much silver as their money can buy, it just scares me. There is even an internet forum called 'silver stackers', devoted to people accumulating silver.
Silver is nice stuff, sure, but has the industrial demand really gone up that much? Is the supply contracting? Will Americans really start using silver as the monetary base if inflation gets really high?

 

[suhm]

Silver demand has gone up, think plasma tvs, solar panels and as an antibacterial agent, do think it is a bubble and will have a correction but the price needs to be higher to bring new mines online.