As I write this post, spot silver stands at $16.03, up from $14.54 on September 30. (Sorry if you missed the opportunity to purchase at the dip.) The modest investor should not hesitate to purchase silver at today’s price, because it better reflects silver’s value. The recent spike in spot is a result of knee-jerk reactions by investors to some troubling economic reports. As soon as we get some positive economic news (or positive spin) spot prices will once again fall, as big investors move their money back into stocks.
Whenever there is a sudden peak in spot, I look to ebay for the best value on my investment dollars. Often sellers, other than bullion dealers, list their buy it now items based upon the spot price at the time of their post, but do not increase the price as relative to the higher spot price. These opportunities are short-lived, and require some research. It helps if the buyer already has a sense of the products in which he or she wants to invest. Based on personal parameters, I was able to purchase silver items from two different vendors at very attractive prices.
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