Alternative Investments
Alternative Investments
With today's economy being what it is, there are certain levels of panic amongst the various groups of investors. Almost everyone that has lost money in the stock market is scrambling to find new ways to invest, and they are always looking for new ideas. There are so many people out there today, that have there ears turned to the wind, trying to find safe, secure ways to achieve a return on there investments.
Well as the wind was blowing my way one day, I heard a not so specific voice tell me, "Look at Commodities". Well, ok. Perplexed as I was, I decided to take the initiative, and look into alternative ways anyone could invest, and get at least a small return. What I found was rather astounding. Keep in mind now; I am neither an economist nor a major player in the investment game. I am just someone that has allot of free time on there hands. So I went to my main source of information, The Internet!!
Now of course I thought about it, I didn't even know what commodities were. If you are in the same boat, let me give you a little information. Basically commodities are things that most of us take for granted, and we use every day. You could almost call them consumables. Oil, Gas; (natural or other wise), Precious Metals, i.e. Platinum, Gold, Copper, Silver....
Wait!!!! Silver?
WOW!! Silver....I new, from working in the scrap business for a few years, that silver, as well as all the other precious metals; have some sort of value, but I never dreamed that there would be a potential investment opportunity in it. Once I looked a little deeper, I realized, a small investment dollar could go a long way when buying silver. Silver is one of the most affordable ways to invest and it's almost better than putting money in the bank.
As I started my research, I found, at the time; I could purchase an ounce of 99.9 % pure silver for around $5.00. Of course that was almost 10 years ago. You know they say hindsight is always 20/20! I never really thought much about it. I went out and purchased $500.00 worth of silver bullion at my local pawn shop. That is 100 ozs. I put it in a box, and stuck it under a smattering of unidentifiable stuff, at the bottom of my closet.
When I checked today's (2/3/09) Spot Market, Silver was at 12.95 an ounce. You do the math. Silver is projected to climb over 500% in the next few years.
With today's economy being what it is, there are certain levels of panic amongst the various groups of investors. Almost everyone that has lost money in the stock market is scrambling to find new ways to invest, and they are always looking for new ideas. There are so many people out there today, that have there ears turned to the wind, trying to find safe, secure ways to achieve a return on there investments.
Well as the wind was blowing my way one day, I heard a not so specific voice tell me, "Look at Commodities". Well, ok. Perplexed as I was, I decided to take the initiative, and look into alternative ways anyone could invest, and get at least a small return. What I found was rather astounding. Keep in mind now; I am neither an economist nor a major player in the investment game. I am just someone that has allot of free time on there hands. So I went to my main source of information, The Internet!!
Now of course I thought about it, I didn't even know what commodities were. If you are in the same boat, let me give you a little information. Basically commodities are things that most of us take for granted, and we use every day. You could almost call them consumables. Oil, Gas; (natural or other wise), Precious Metals, i.e. Platinum, Gold, Copper, Silver....
Wait!!!! Silver?
WOW!! Silver....I new, from working in the scrap business for a few years, that silver, as well as all the other precious metals; have some sort of value, but I never dreamed that there would be a potential investment opportunity in it. Once I looked a little deeper, I realized, a small investment dollar could go a long way when buying silver. Silver is one of the most affordable ways to invest and it's almost better than putting money in the bank.
As I started my research, I found, at the time; I could purchase an ounce of 99.9 % pure silver for around $5.00. Of course that was almost 10 years ago. You know they say hindsight is always 20/20! I never really thought much about it. I went out and purchased $500.00 worth of silver bullion at my local pawn shop. That is 100 ozs. I put it in a box, and stuck it under a smattering of unidentifiable stuff, at the bottom of my closet.
When I checked today's (2/3/09) Spot Market, Silver was at 12.95 an ounce. You do the math. Silver is projected to climb over 500% in the next few years.
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