Feb 9, 2012
David Morgan of Silver-Investor.com and Chris Duane of Dont-Tread-On.Me join our second roundtable on silver investing. Did you know, based upon government numbers, the inflation adjusted price of silver, just to equal its prior high of $50 would be over $150 per ounce? If you were to use the true rate of inflation, pursuant to John Williams ShadowStats.com, the price would be over $400 per ounce. Right now, you can buy silver for less than $35 per ounce. Sounds like bargain basement prices to your us!
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 numismatic 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 it. Don't watch the paper price fluctuations, as this is simply a distraction that could make you start selling at exactly the wrong moment.
Please send your questions/comments to KL@KerryLutz.com or call us at 347-460-LUTZ.