silver silver!!
By Gaurav2181
@Gaurav2181 (49)
India
March 16, 2011 2:41am CST
Hi all, we all are aware of how silver is glowing today... is is going to go the same way further or will it drop down?
I'm going to buy it anyway.. just looking for the options to buy it in demat form or something like that need advise to start buying it on monthly basis....
3 responses
@SydneyHazelton (4586)
• Singapore
18 Mar 11
you can buy physical silver, if it is widely available in your country. But one thing you have to note is whether it is going to be easy selling it back. If you purchase from the bank and they are willing to buy it back from you, then well and good. If you buy from jewelry stores, they may only buy back from you at a discount and it may not be worthwhile because the buy-sell spread is too wide.
If you want to buy on monthly basis, you may want to consider a silver savings account. Some banks offer it.
@Gaurav2181 (49)
• India
18 Mar 11
I think Silver savings account is good .. but I have to check if any bank is providing this facility..thanks for the suggestion :)
@hardworkinggurl (37063)
• United States
17 Mar 11
Hi Gaurav2181
Not quite sure if this is helpful but I did find an article/website online:
Not a referral link:
http://www.monex.com/prods/silver.html
I hope helps some
@angelin_me (58)
• India
18 Jun 11
As many of the experts says that the silver price is once again going to touch $50 mark or Rs 75,000 in coming months, and there is no doubt about it that with present fluctuation it will reach there once again. The silver bubble has already been blown but it seem to expand once again. I would say wait till the end of this month than you can have better chance to invest.
