My parents gave me a 100 ounce silver bar 17 years ago for my 30th birthday, siver is 33.50 an ounce today....should I pull the trigger now or hold on? They paid 5.65 an ounce for it.

Nope... I would keep that around for a good while...

My Dad says sell it, but my gut says it's going to 50+

The way the market is moving on silver, i would expect it to top around 47

I would hold it forever. Gold or silver should IMHO be about 5-10% of your investment assets.

If you want to speculate, sell it next week when it hits a near term peak then rebuy once the world situation stabalizes - if it does.

This is interesting...

Yes. Sell it now. Metals markets are about to tank after 5 years of "gold hysteria."


$0.02


You really thing THIS website is the best place to get advice on the commodities market?

Keep it, they work great for keeping the car from rolling out of the driveway..

Might come in handy for bail money if you get to pissed off and start fishing closed waters..

Or paint it red and use it for a door stop....lol

LOL

i would keep it around till the priced dropped.

And then sell it to me..........

Mebbe Irie is right, this isn't the best place for advice.

Hang on to it...soon "They" will ban lead bullets and you'll be glad you hung on to it...Zombies, Vampires n Werewolves!!!

Dan S might like gold and silver because it's hard to burn.

Uh, oh.

People listen to me?

Just FYI...............that could wind up being a mistake.

This is lengthy, but interesting. It's about the US dollar, gold, and silver. Bottom line.....hang on to your silver.

http://www.stansberryresearch.com/pro/1011PSIENDVD/6PSIM200/PR

I am biased, but if I had the money for a long term investment I would look at leveraging it in Real estate rentals. Low interest rates, easy positive returns, and some possible tax benefits. I have seen estimates of a 5 year return to post recession prices. If so, a smart investor would leverage at 80% with a 6% to 6.5% interest rate. Right now you can buy a good rental for around $160,000 that will return about $1200 a month. Minus taxes and insurance and management fees you should get about $850 a month. That's $10,200 a year. Interest on the loan of $128,000 should be around $8320.00. That leaves $1880 a year for vacancies and repairs and to pay down the principal. If prices go up 50% over the next 10 years that would be a $80,000.00 equity gain. Take out 10% for resale costs and that leaves $54,000. Thats a 150% return on the original investment of $36,000 over 10 years. Not great but decent. That is if the rent doesn't go up and the prices stay at the minimal end of expectations. Add in any tax benefits and the return will be higher.

The numbers I listed are fairly loose and do not factor in any major repairs or long term vacancies. At the same time, however, if an investor has cash he can buy cheaper with better returns.

Every time I hear about silver or gold, I think about the prices of silver at 1980 compared to most of the 1990's and 2000's. For the most part, it has been a bad investment long term.

Glad I held, almost 40.00 an ounce.

One 64' and earlier Quarter is now worth 7.10 each.