Silver Is Up

English: Historical silver price in USD and in...

Historical silver price in USD and inflation adjusted silver price in USD. The chart shows Silver Thursday event as a peak in 1980 when Hunt brothers drove up the price of silver through speculations and after it they lost about a billion dollars. (Photo credit: Wikipedia)

Silver post from July 13, 2012.

Silver price was $27 in July and now it’s up a little to about $30.  I bought 3 silver coins today for investment purposes but I bought today based on the gently rising price and I have some money to spend.  Apparently, silver has more demand than ever because it’s used to make all these electronic devices we can’t live without and it isn’t mind enough.  Forget about jewelry.

Shane Warren has dreams and visitations from God.  One of those dreams involved a hurricane (he didn’t know if it’s a figurative or literal storm) hitting middle America while at the same time the US dollar is devalued.  Then silver prices sky-rocket up to gold prices.  With that, problems mining silver and hurricane Isaac hitting New Orleans exactly 7 years later I see no reason not to invest in silver.

Also, out of the four big metals that are traded; gold, silver, platinum and palladium, silver is the least expensive at well under $100.  The other three are over $1000.  For those of us who actually want to buy low and sell high this might be our last chance to buy silver at a price that can bring a profit.

One thing I’ve learned the hard way is when I’ve followed the heard I ended up just like them.  I’ve bought stocks that were popular and sold when they lost value.  I should have bought quality instead of only popularity that was priced low then sold after it became popular.

Psalms 105:37 He brought his people  out enrichedwith silver and gold; none of his tribes stumbled.

 

 

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