Is it time to consider a large investment in silver?
I would advise against speculating in commodities such as silver. If
the price of silver goes up, so will all silver jewelry prices, so
you’re covered. If you buy a large quantity of the metal at today’s
price and silver goes down significantly, you’re stuck with the more
costly silver and you can’t justify passing the higher price on to
I learned this the hard way… When silver hit $16 per oz. in the
late 1980’s, I made the mistake of stocking up-- silver prices
droppped back to $10 per oz. almost the next week.
One strategy to consider when metal prices rise is to reduce the
size of your jewelry, thus keeping metal cost down.