DIY investor is a low-cost ETF investor who believes that people should invest at least 80% of their investable assets in well-diversified, broad market, low-cost funds. Many investors, however, are understandably caught up in precious metals fever, given that gold has skyrocketed and silver has moved considerably higher. DIY Investor looks at precious metals as a speculation but does, however, buy SLV, the silver ETF, and GLD, the gold ETF, for clients at their direction, on occasion.
Why are people excited by Silver? What is the bullish case? Here is Eric Sprott, well-known bull on precious metals, giving a recent talk that DIY Investor came across on the Biz of Life site:
Disclosure: This post is for educational purposes only and is not a recommendation. Individuals should do their own research and/or consult professionals before investing.
Thoughts and observations for those investing on their own or contemplating doing it themselves.
If you are seeking investment help, look at the video here on my services. If you are seeking a different approach to managing your assets, you have landed at the right spot. I am a fee-only advisor registered in the State of Maryland, charge less than half the going rate for investment management, and seek to teach individuals how to manage their own assets using low-cost indexed exchange traded funds. Please call or email me if interested in further details. My website is at http://www.rwinvestmentstrategies.com. If you are new to investing, take a look at the "DIY Investor Newbie" posts here by typing "newbie" in the search box above to the left. These take you through the basics of what you need to know in getting started on doing your own investing.
Tuesday, March 8, 2011
Where is Silver Headed?
Posted by Robert Wasilewski at 7:27 AM
Labels: DIY investing, Eric Sprott, Silver
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What happened to JP Morgan shorting silver?ReplyDelete
@MoneyCone Good question.ReplyDelete
I would guess JP Morgan lost a bundle on that trade. I'd like to pick up some more SLV as a hedge against a declining dollar, but not at these prices.ReplyDelete
The silver liquidation approach is possibly one way in which people intending to invest in this treasured metal can make significant choices in the direction of sale of assets or not. Since there are a lot of methods of offering your silver backed assets, the market and possibilities seem to blindly provoke people to making individuals hasty decisions. To avoid this, you can ask a broker or visit online resources about this.ReplyDelete
Gold does not always react in the fashion we may want, like or perceive,ReplyDelete