investing in metals? your opinion (1 Viewer)

[turtlesoup2]

I'm thinking about investing some money into metal stocks, but I'm stuck between buying silver or buying platinum. Both are at a one year low, what do ya'll think?

 

[twitchy4821]

I would personally say that the most reliable metals to invest in would be the commonly turned, milled, and amchined metals. they will always be in demand. Titanium, brass, aluminum, steel, and also gold (because it will always be used in high end electronics.

 

[steveb]

silver and platinum are not just precious metals they are also used in a variety of ways in manufacturing. I haven't been watching them that closely but both can be used as a hedge against inflation in your portfolio.

 

[Scott]

Gold? NO! It has been artificially inflated for so long that this boom is going to bust. My guess is about 6 months to a year and it will start to fall to around $600/oz when it stops. Other than that twitchy4821 has a good plan for slow, stable growth and Steven is spot on with his assessment. When thinking about metals you have to consider their applications as either an industry requirement or as a precious metal to help you decide which metal(s) to invest in and how heavily. Also, watching penny stocks can be a great investment because you can invest literally pennies per share and if the company makes it you can sell early at only a few dollars per share. The profit margins can be phenomenal.

 

[Jamie9169]

With stocks you have to be patient and accept the risk you are taking. I know you are young and now is a great time to start investing for the future but know, any stock you invest is there is a chance of failure. Don't put all your investments into one area. Spread them around, even if it is only a small amount. Good luck.

 

[rxonco]

The way things are going...the only metals I'd recommend investing in is ammunition. :deadly:

 

[RR-MAN]

For small investors like us, it's a big mistake to invest in domestic or foreign stocks in this economy. Look into something saver like Mutual Funds (lower return). Don't use your judgment to invest your hard earned money just by word of mouth. A lot of research and tracking needs to be done before buying options/stocks. Go see a broker, they are all over town and they can help you make the right decision.

 

[turtlesoup2]

i agree on gold being the way it is, and that is why i didnt even consider buying it. My father bought me a gold coin in 2008 for 158 dollars and now it is worth 1000 dollars I was talking to my grandfather and he mentioned that silver/gold is and will always be popular and be used in many electronics and thats why he buys it. since silver hasn't really taken a huge drop, and it is fairly cheap I decided to buy 1000 dollars worth through my gradfathers broker,I gonna watch that stock every day!!