Thursday, February 4, 2010

Time to get some Silver

Okay, I have posted about this before (last time Silver was hovering around $12 ounce) and I don't mean to be redundant, but NOW is the time to increase your supply. Logically a lower commodities price would indicate a stronger Dollar, but there are so many factors in what causes them to go up and down that it is beyond my time limits to stay current with the reasons why on a daily basis. However I do check Silver daily and I have noticed a fairly large drop in price in the past week. Will it stay this low? I don't really know but today's price ($15.26) is the lowest it has been for quite some time and I don't really see it going too much lower, so again, get some while the getting is good.
If you haven't read some of my previous posts about how cool it is that because we are craftsmen we actually get metal when we buy Silver (many investors get paper) you can read those if you want.
It is also a good time of year to get going on all your projects. It really isn't too early to start making your collection that you will sell next Christmas. Maybe you don't work that far ahead but I do. Just consider this a heads up and good luck with your work.