Welcome to the Web77 Guide to Precious Metals Investing.

We’re doing this web site for those of you who are interested in basic investing in the metals market, especially silver, which is a staple metal of that market, and who, like me, don't have a college degree. We will be using good old common sense and a watchful eye for our investing.

I want to say that this is for long term investing, but that may or not be the case with you personally. It just depends on how much time you want to ride the market out.
This does have fantastic long term potential assuming you follow the instructions and take the key points very seriously.
The one reason why it may be better as a long term investment plan is that sometimes the metals prices go years without any dramatic change.

If you keep your cool and follow the instructions you can pretty much invest in the metals markets risk free.

First things first. The key is, as it always is in investing, diversity. Diversify your portfolio as a whole, don’t ever put more than 30-35% or so of your resources into the metals market unless you are in the unique position of being able to ride the market out for possibly even years. When I say diversity, I mean invest in other areas other than metals because some times years of patience are required. This isn’t a get rich quick scheme of any sort, but on the contrary, is more of a game of watching and waiting and knowing when the time to buy or sell possibly has come.

I’ve been kicking myself in the head for a few years now because I was in a great position to buy when Rhodium was only a few hundred dollars an ounce in  first quarter of 2004, but I had to make a few personal decisions that needed immediate attention, so I opted not to invest.

Rhodium is currently selling for more than $8500 an ounce. In 2004 when I was at the point where everything inside me was screaming “BUY” the price was a bit over $300 an ounce. I’m sure you can do the math and understand my anguish.

I’ve always been able to turn a few bucks in the metals market, but its almost always been a waiting game. This article is more for those of us who simply love the look and feel of gold, silver and platinum and who want to control their own investing instead of turning it over to someone else who might not care about your money as much as you do.
The wife got a bit interested in buying silver herself so we bought silver at about $7.50/ oz that is currently spotting at  $14.53 /oz.