Here is a letter I wrote for my brother on 9/14/2012. He had recently started investing in stocks, and to talk about diversification and "money", I sent him 2oz of silver to get started in investing in precious metals. I'm sharing this if you are interested in basic information on investing in silver and the precious metals in general. Enjoy!
Hey bro! Here are some “precious metals” to get you started on diversifying your investments more:
Precious metals (silver, gold, platinum) have pros and cons, like any investment. I wouldn’t go crazy investing in precious metals, but keep a very small percent invested in them.
The price of a silver item is calculated as:
The .999 fine means it has 99.9% silver content. So, as I write this, Price for 2oz = .999*2oz*$34.74/oz = $69.41
You’ll sometimes hear this quantity referred to as the “melt value”.
I hope you found this interesting and useful. Note that this is just very basic information about investing in precious metals. For more information, you really need to do your due diligence, as with any facet of investing.
Regarding investing: I do not provide personal investment advice and I am not a qualified licensed investment advisor.
I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts,
commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes
only and should not be construed as personal investment advice. While the information provided is believed to be accurate,
it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything
you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions.
If you enjoyed any of my content, please consider supporting it in a variety of ways: