I'm not looking for specific advise, maybe just an idea or new angle I havent thought of.
With this in mind. It is an out of the square suggestion.
Buy some silver bars via the Perth Mint certificate program.
The
profit here is a little speculative but the capital risk is very low IMHO. The price of silver will never again plunge the way it did in '08.
For any who enjoy a punt as much as I do, silver's time in the sun could be but a couple of weeks away. I base this "guess" on a couple of facts: Firstly Ag has been rising more strongly than gold recently and I think there is a solid reason for this, not mere speculation. I say this because it is a reported fact that JP Morgan Chase are being forced to close out their hedge book "sometime". There are
rumours that it may be as soon as this week they start to act. There is a
rumour that Bill Murphy is behind a class action against them which will be lodged this week. They have massive short positions that can't be closed out with physical silver.... there is simply not enough metal above ground to enable this.
Recently the Au/Ag ratio was as high as 78. It is now 72 and traditionally <20. This is a trade with good upside and limited downside. Use a stoploss about 7% down and total losses are limited to 10%.
Please understand this is speculation but with a solid basis and don't go this way if you don't enjoy a bit of a punt.