I have recently bought a bar of .999 pure silver 1oz bar and 1oz .999 pure copper maple leaf bar.

Question

Hi all

I was just wanting to know, I've recently bought two metal bars as an investment, do you think I made the right move?

I bought a .999 pure silver buffalo bar for £12.51 (if you include postage and packing), aswell as a 2009 .999 fine copper maple leaf bar for £7.16 (including postage and packing).

Both bars are 1 troy oz.

Do you think I've made the right move? And what are the prices of silver and copper at the moment, if anyone knows?

Thanks alot.

Answer 1

Not much to lose!

You are not going to get rich either.

Answer 2

I wouldnt worry too much, although the share price for metals have recently slumped, it will definately regain its position and keep climbing, just hold on to your investment until this happens. I would suggest you sell it when this does happen however and consider investing your money in shares, keep up to date with your chosen comodity/share, if you hear of better investment opporunities, you should sell and invest elsewhere. This is the best way to make money steadily.

Answer 3

One troy ounce of silver on the spot market Aug. 4. = 8.64 GBP

One troy ounce of copper, spot price = 0.11 GBP

If you bought these as a bet on the price of the silver or copper, they are probably not good investments.

They may have some collector value, but based on the metal content and current spot prices, there are better ways to make investments in metals.  Sorry for the bad news.

Answer 4

Well, you can look up the data through the Economist website or any other financial site.  

Truth is, you have done a neutral thing.  You haven't invested enough for a loss to hurt you or for a gain to gain you much!