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Australian Private Sector Credit rises less-than-expected

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Australian Private Sector Credit rises less-than-expected

Investing.com – The total amount of new credit issued to consumers and businesses in Australia rose less-than-expected last month, official data showed on Thursday. In a report, Reserve Bank of Australia said that Australian Private Sector Credit rose
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Your Questions About In Which Journal Is The Return Of Supplies Purchased On Account Recorded

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Mark asks…

Assume it is Monday, May 1, the first business day of the month, and you have just been hired?

During your first month on the job, the company experiences the following transactions and
events (terms for all its credit sales are 210, n30 unless stated differently):
May 1 Issued Check No. 3410 to S&P Management Co. in payment of the May rent, $3,710. (Use
two lines to record the transaction. Charge 80% of the rent to Rent Expense—Selling Space
and the balance to Rent Expense—Office Space.)
2 Sold merchandise on credit to Hensel Company, Invoice No. 8785, for $6,100 (cost is $4,100).
2 Issued a $175 credit memorandum to Knox, Inc., for defective (worthless) merchandise sold
on April 28 and returned for credit. The total selling price (gross) was $4,725.
3 Received a $798 credit memorandum from Peyton Products for the return of merchandise
purchased on April 29.
4 Purchased the following on credit from Gear Supply Co.: merchandise, $37,072; store supplies,
$574; and office supplies, $83. Invoice dated May 4, terms n10 EOM.5 Received payment from Knox, Inc., for the balance from the April 28 sale less the May 2
return and the discount.
8 Issued Check No. 3411 to Peyton Products to pay for the $7,098 of merchandise purchased
on April 29 less the May 3 return and a 2% discount.
9 Sold store supplies to the merchant next door at their cost of $350 cash.
10 Purchased $4,074 of office equipment on credit from Gear Supply Co., invoice dated May
10, terms n10 EOM.
11 Received payment from Hensel Company for the May 2 sale less the discount.
11 Purchased $8,800 of merchandise from Garcia, Inc., invoice dated May 10, terms 210,
n30.
12 Received an $854 credit memorandum from Gear Supply Co. for the return of defective office
equipment received on May 10.
15 Issued Check No. 3412, payable to Payroll, in payment of sales salaries, $5,320, and office
salaries, $3,150. Cashed the check and paid the employees.
15 Cash sales for the first half of the month are $59,220 (cost is $38,200). (Cash sales are
recorded daily but are recorded only twice here to reduce repetitive entries.)
15 Post to the customer and creditor accounts. Also post individual items that are not included
in column totals at the end of the month to the general ledger accounts. (Such items are
posted daily but are posted only twice each month because they are few in number.)
16 Sold merchandise on credit to Hensel Company, Invoice No. 8786, for $3,990 (cost is
$1,890).
17 Purchased $13,650 of merchandise from Fink Corp., invoice dated May 14, terms 210,
n60.
19 Issued Check No. 3413 to Garcia, Inc., in payment of its May 10 invoice less the discount.
22 Sold merchandise to Lee Services, Invoice No. 8787, for $6,850 (cost is $4,990), terms
210, n60.
23 Issued Check No. 3414 to Fink Corp. in payment of its May 14 invoice less the discount.
24 Purchased the following on credit from Gear Supply Co.: merchandise, $8,120; store supplies,
$630; and office supplies, $280. Invoice dated May 24, terms n10 EOM.
25 Purchased $3,080 of merchandise from Peyton Products, invoice dated May 23, terms 210,
n30.
26 Sold merchandise on credit to Crane Corp., Invoice No. 8788, for $14,210 (cost is $8,230).
26 Issued Check No. 3415 to Perennial Power in payment of the May electric bill, $1,283.
29 The owner of Colo Company, Jenny Colo, used Check No. 3416 to withdraw $7,000 cash
from the business for personal use.
30 Received payment from Lee Services for the May 22 sale less the discount.
30 Issued Check No. 3417, payable to Payroll, in payment of sales salaries, $5,320, and office
salaries, $3,150. Cashed the check and paid the employees.
31 Cash sales for the last half of the month are $66,052 (cost is $42,500).
31 Post to the customer and creditor accounts. Also post individual items that are not included
in column totals at the end of the month to the general ledger accounts. Foot and crossfoot
the journals and make the month-end postings.
Required
1. Enter these transactions in a sales journal, a purchases journal, a cash receipts journal, a cash disbursements
journal, or a general journal as illustrated in this chapter. Post when instructed to do
so. Assume a perpetual inventory system.
2. Prepare a trial balance in the Trial Balance columns of the work sheet form provided with the working
papers. Complete the work sheet using the following information for accounting adjustments:
a. Expired insurance, $553.
b. Ending store supplies inventory, $2,632.
c. Ending office supplies inventory, $504.
d. Depreciation of store equipment, $567.
e. Depreciation of office equipment, $329.
Prepare and post adjusting and closing entries.
3. Prepare a May 2005 multiple-step income statement, a May 2005 statement of owner’s equity,
and a May 31, 2005, classified balance sheet.
4. Prepare a post-closing trial balance. Also prove the accuracy of subsidiary ledgers by preparing
schedules of both accounts receivable and accounts payable.

Justin answers:

I hope these notes on adjusting entries will be useful to you:
http://www.cliffsnotes.com/study_guide/Adjusting-Entries.topicArticleId-21081,articleId-21016.html

Paul asks…

Assume it is Monday, May 1, the first business day of the month, and you have just been hired?

During the first month on the job, the company experiences the following transactions and events (terms for all its credit sales are 2/10, n/30 unless stated differently):

May 1 Issued Check No. 3410 to S&P Management Co. in payment of the May rent, $3,710. (Use two lines to record the transaction. Charge 80% of the rent to Rent Expense—Selling Space and the balance to Rent Expense—Office Space.)
2 Sold merchandise on credit to Hensel Company, Invoice No. 8785, for $6,100 (cost is $4,100).
2 Issued a $175 credit memorandum to Knox, Inc., for defective (worthless) merchandise sold on April 28 and returned for credit. The total selling price (gross) was $4,725.
3 Received a $798 credit memorandum from Peyton Products for the return of merchandise purchased on April 29.
4 Purchased the following on credit from Gear Supply Co.: merchandise, $37,072; store supplies, $574; and office supplies, $83. Invoice dated May 4, terms n10 EOM.
5. Received payment from Knox, Inc., for the balance from the April 28 sale less the May 2 return and the discount.
8 Issued Check No. 3411 to Peyton Products to pay for the $7,098 of merchandise purchased on April 29 less the May 3 return and a 2% discount.
9 Sold store supplies to the merchant next door at their cost of $350 cash.
10 Purchased $4,074 of office equipment on credit from Gear Supply Co., invoice dated May 10, terms n10 EOM.
11 Received payment from Hensel Company for the May 2 sale less the discount.
11 Purchased $8,800 of merchandise from Garcia, Inc., invoice dated May 10, terms 210, n30.
12 Received an $854 credit memorandum from Gear Supply Co. for the return of defective office equipment received on May 10.
15 Issued Check No. 3412, payable to Payroll, in payment of sales salaries, $5,320, and office salaries, $3,150. Cashed the check and paid the employees.
15 Cash sales for the first half of the month are $59,220 (cost is $38,200). (Cash sales are recorded daily but are recorded only twice here to reduce repetitive entries.)
15 Post to the customer and creditor accounts. Also post individual items that are not included in column totals at the end of the month to the general ledger accounts. (Such items are posted daily but are posted only twice each month because they are few in number.)
16 Sold merchandise on credit to Hensel Company, Invoice No. 8786, for $3,990 (cost is $1,890).
17 Purchased $13,650 of merchandise from Fink Corp., invoice dated May 14, terms 210, n60.
19 Issued Check No. 3413 to Garcia, Inc., in payment of its May 10 invoice less the discount.
22 Sold merchandise to Lee Services, Invoice No. 8787, for $6,850 (cost is $4,990), terms 210, n60.
23 Issued Check No. 3414 to Fink Corp. in payment of its May 14 invoice less the discount.
24 Purchased the following on credit from Gear Supply Co.: merchandise, $8,120; store supplies, $630; and office supplies, $280. Invoice dated May 24, terms n10 EOM.
25 Purchased $3,080 of merchandise from Peyton Products, invoice dated May 23, terms 210, n30.
26 Sold merchandise on credit to Crane Corp., Invoice No. 8788, for $14,210 (cost is $8,230).
26 Issued Check No. 3415 to Perennial Power in payment of the May electric bill, $1,283.
29 The owner of Colo Company, Jenny Colo, used Check No. 3416 to withdraw $7,000 cash from the business for personal use.
30 Received payment from Lee Services for the May 22 sale less the discount.
30 Issued Check No. 3417, payable to Payroll, in payment of sales salaries, $5,320, and office salaries, $3,150. Cashed the check and paid the employees.
31 Cash sales for the last half of the month are $66,052 (cost is $42,500).
31 Post to the customer and creditor accounts. Also post individual items that are not included in column totals at the end of the month to the general ledger accounts. Foot and crossfoot the journals and make the month-end postings.

Required 1. Enter these transactions in a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, or a general journal as illustrated in this chapter. Post when instructed to do so. Assume a perpetual inventory system.
2. Prepare a trial balance in the Trial Balance columns of the work sheet form provided with the working papers. Complete the work sheet using the following information for accounting adjustments: a. Expired insurance, $553. b. Ending store supplies inventory, $2,632. c. Ending office supplies inventory, $504. d. Depreciation of store equipment, $567. e. Depreciation of office equipment, $329. Prepare and post adjusting and closing entries.
3. Prepare a May 2005 multiple-step income statement, a May 2005 statement of owner’s equity, and a May 31, 2005, classified balance sheet.
4. Prepare a post-closing trial balance. Also prove the accuracy of subsidiary ledgers by preparing schedules of both accounts receivable and accounts payable.

Justin answers:

I’ve sent the file to that address you gave me.

Daniel asks…

I’m not sure what I am doing wrong in completing the general ledger for the Bishop company.?

Bishop Company completes these transactions and events during March of the current year?
Bishop Company completes these transactions and events during March of the current year (terms for
all its credit sales are 2_10, n_30):
Mar. 1 Purchased $42,600 of merchandise from Soy Industries, invoice dated March 1, terms 2_15,
n_30.
2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $15,800 (cost is $7,900).
3 Purchased $1,120 of office supplies on credit from Stacy Company, invoice dated March
3, terms n_10 EOM.
3 Sold merchandise on credit to Lance Snow, Invoice No. 855, for $9,200 (cost is $4,600).
6 Borrowed $72,000 cash from Federal Bank by signing a long-term note payable.
9 Purchased $20,850 of office equipment on credit from Tells Supply, invoice dated March
9, terms n_10 EOM.
10 Sold merchandise on credit to Taylor Few, Invoice No. 856, for $4,600 (cost is $2,300).
12 Received payment from Min Cho for the March 2 sale less the discount.
13 Sent Soy Industries Check No. 416 in payment of the March 1 invoice less the discount.
13 Received payment from Lance Snow for the March 3 sale less the discount.
14 Purchased $31,625 of merchandise from the JW Company, invoice dated March 13, terms
2_10, n_30.
15 Issued Check No. 417, payable to Payroll, in payment of sales salaries expense for the first
half of the month, $15,900. Cashed the check and paid the employees.
15 Cash sales for the first half of the month are $164,680 (cost is $138,000). (Cash sales are
recorded daily, but are recorded only twice here to reduce repetitive entries.)
16 Purchased $1,670 of store supplies on credit from Stacy Company, invoice dated March 16,
terms n_10 EOM.
17 Received a $2,425 credit memorandum from JW Company for the return of unsatisfactory
merchandise purchased on March 14.
19 Received a $630 credit memorandum from Tells Supply for office equipment received on
March 9 and returned for credit.
20 Received payment from Taylor Few for the sale of March 10 less the discount.
23 Issued Check No. 418 to JW Company in payment of the invoice of March 13 less the return
and the discount.
27 Sold merchandise on credit to Taylor Few, Invoice No. 857, for $13,910 (cost is $6,220).
28 Sold merchandise on credit to Lance Snow, Invoice No. 858, for $5,315 (cost is $2,280).
31 Issued Check No. 419, payable to Payroll, in payment of sales salaries expense for the last
half of the month, $15,900. Cashed the check and paid the employees.
31 Cash sales for the last half of the month are $174,590 (cost is $143,000).
31 Verify that amounts impacting customer and creditor accounts were posted and that any
amounts that should have been posted as individual amounts to the general ledger accounts
were posted. Foot and crossfoot the journals and make the month-end postings.
Required
1. Open the following general ledger accounts: Cash; Accounts Receivable; Inventory (March 1 beg.
bal. is $300,000); Office Supplies; Store Supplies; Office Equipment; Accounts Payable; Long-
Term Notes Payable; M. Bishop, Capital (March 1 beg. bal. is $300,000); Sales; Sales Discounts;
Cost of Goods Sold; and Sales Salaries Expense. Open the following accounts receivable subsidiary
ledger accounts: Taylor Few, Min Cho, and Lance Snow. Open the following accounts payable subsidiary
ledger accounts: Stacy Company, Soy Industries, Tells Supply, and JW Company.
2. Enter these transactions in a sales journal like Exhibit 7.5, a purchases journal like Exhibit 7.9, a
cash receipts journal like Exhibit 7.7, a cash disbursements journal like Exhibit 7.11, or a general
journal. Number all journal pages as page 2.
3. Prepare a trial balance of the general ledger and prove the accuracy of the subsidiary ledgers by
preparing schedules of both accounts receivable and accounts payable.
I have most of the journals completed but having a really hard time with the all the ledger parts of the question. I am having the same trouble with the Colo company and Choi Enterprises… thought I had a better understanding than I actually do, I guess. Any advice or help would be greatly appreciated.

Justin answers:

I’ve sent the file to that address you gave me.

Joseph asks…

Bishop Company completes these transactions and events during March of the current year? Bishop Company comple?

I need this like soon please help

Bishop Company completes these transactions and events during March of the current year?
Bishop Company completes these transactions and events during March of the current year (terms for
all its credit sales are 2_10, n_30):
Mar. 1 Purchased $42,600 of merchandise from Soy Industries, invoice dated March 1, terms 2_15,
n_30.
2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $15,800 (cost is $7,900).
3 Purchased $1,120 of office supplies on credit from Stacy Company, invoice dated March
3, terms n_10 EOM.
3 Sold merchandise on credit to Lance Snow, Invoice No. 855, for $9,200 (cost is $4,600).
6 Borrowed $72,000 cash from Federal Bank by signing a long-term note payable.
9 Purchased $20,850 of office equipment on credit from Tells Supply, invoice dated March
9, terms n_10 EOM.
10 Sold merchandise on credit to Taylor Few, Invoice No. 856, for $4,600 (cost is $2,300).
12 Received payment from Min Cho for the March 2 sale less the discount.
13 Sent Soy Industries Check No. 416 in payment of the March 1 invoice less the discount.
13 Received payment from Lance Snow for the March 3 sale less the discount.
14 Purchased $31,625 of merchandise from the JW Company, invoice dated March 13, terms
2_10, n_30.
15 Issued Check No. 417, payable to Payroll, in payment of sales salaries expense for the first
half of the month, $15,900. Cashed the check and paid the employees.
15 Cash sales for the first half of the month are $164,680 (cost is $138,000). (Cash sales are
recorded daily, but are recorded only twice here to reduce repetitive entries.)
16 Purchased $1,670 of store supplies on credit from Stacy Company, invoice dated March 16,
terms n_10 EOM.
17 Received a $2,425 credit memorandum from JW Company for the return of unsatisfactory
merchandise purchased on March 14.
19 Received a $630 credit memorandum from Tells Supply for office equipment received on
March 9 and returned for credit.
20 Received payment from Taylor Few for the sale of March 10 less the discount.
23 Issued Check No. 418 to JW Company in payment of the invoice of March 13 less the return
and the discount.
27 Sold merchandise on credit to Taylor Few, Invoice No. 857, for $13,910 (cost is $6,220).
28 Sold merchandise on credit to Lance Snow, Invoice No. 858, for $5,315 (cost is $2,280).
31 Issued Check No. 419, payable to Payroll, in payment of sales salaries expense for the last
half of the month, $15,900. Cashed the check and paid the employees.
31 Cash sales for the last half of the month are $174,590 (cost is $143,000).
31 Verify that amounts impacting customer and creditor accounts were posted and that any
amounts that should have been posted as individual amounts to the general ledger accounts
were posted. Foot and crossfoot the journals and make the month-end postings.
Required
1. Open the following general ledger accounts: Cash; Accounts Receivable; Inventory (March 1 beg.
bal. is $300,000); Office Supplies; Store Supplies; Office Equipment; Accounts Payable; Long-
Term Notes Payable; M. Bishop, Capital (March 1 beg. bal. is $300,000); Sales; Sales Discounts;
Cost of Goods Sold; and Sales Salaries Expense. Open the following accounts receivable subsidiary
ledger accounts: Taylor Few, Min Cho, and Lance Snow. Open the following accounts payable subsidiary
ledger accounts: Stacy Company, Soy Industries, Tells Supply, and JW Company.
2. Enter these transactions in a sales journal like Exhibit 7.5, a purchases journal like Exhibit 7.9, a
cash receipts journal like Exhibit 7.7, a cash disbursements journal like Exhibit 7.11, or a general
journal. Number all journal pages as page 2.
3. Prepare a trial balance of the general ledger and prove the accuracy of the subsidiary ledgers by
preparing schedules of both accounts receivable and accounts payable.
sorry I am new to Yahoo Answers, my email is:jjack3275@gmail.com
Sorry but I need the answers like fast.

Justin answers:

I hope you’ll find this useful:
http://www.newlearner.com/courses/hts/baf3m/term3_class03.htm

Robert asks…

Assume it is Monday, May 1, the first business day of the month, ?

and you have just been hired as the accountan during your first month on the job, the company experiences the following transactions and
events (terms for all its credit sales are 2_10, n_30 unless stated differently):
May 1 Issued Check No. 3410 to S&P Management Co. in payment of the May rent, $3,710. (Use
two lines to record the transaction. Charge 80% of the rent to Rent Expense—Selling Space
and the balance to Rent Expense—Office Space.)
2 Sold merchandise on credit to Hensel Company, Invoice No. 8785, for $6,100 (cost is $4,100).
2 Issued a $175 credit memorandum to Knox, Inc., for defective (worthless) merchandise sold
on April 28 and returned for credit. The total selling price (gross) was $4,725.
3 Received a $798 credit memorandum from Peyton Products for the return of merchandise
purchased on April 29.
4 Purchased the following on credit from Gear Supply Co.: merchandise, $37,072; store supplies,
$574; and office supplies, $83. Invoice dated May 4, terms n_10 EOM.
5 Received payment from Knox, Inc., for the balance from the April 28 sale less the May 2
return and the discount.
8 Issued Check No. 3411 to Peyton Products to pay for the $7,098 of merchandise purchased
on April 29 less the May 3 return 6923 and a 2% discount. 138.46
9 Sold store supplies to the merchant next door at their cost of $350 cash.
10 Purchased $4,074 of office equipment on credit from Gear Supply Co., invoice dated May
10, terms n_10 EOM.
11 Received payment from Hensel Company for the May 2 sale less the discount.
11 Purchased $8,800 of merchandise from Garcia, Inc., invoice dated May 10, terms 2_10,
n_30.
12 Received an $854 credit memorandum from Gear Supply Co. for the return of defective office
equipment received on May 10.
15 Issued Check No. 3412, payable to Payroll, in payment of sales salaries, $5,320, and office
salaries, $3,150. Cashed the check and paid the employees.
15 Cash sales for the first half of the month are $59,220 (cost is $38,200). (Cash sales are
recorded daily but are recorded only twice here to reduce repetitive entries.)
15 Post to the customer and creditor accounts. Also post individual items that are not included
in column totals at the end of the month to the general ledger accounts. (Such items are
posted daily but are posted only twice each month because they are few in number.)
16 Sold merchandise on credit to Hensel Company, Invoice No. 8786, for $3,990 (cost is
$1,890).
17 Purchased $13,650 of merchandise from Fink Corp., invoice dated May 14, terms 2_10,
n_60.
19 Issued Check No. 3413 to Garcia, Inc., in payment of its May 10 invoice less the discount.
22 Sold merchandise to Lee Services, Invoice No. 8787, for $6,850 (cost is $4,990), terms
2_10, n_60.
23 Issued Check No. 3414 to Fink Corp. in payment of its May 14 invoice less the discount.
24 Purchased the following on credit from Gear Supply Co.: merchandise, $8,120; store supplies,
$630; and office supplies, $280. Invoice dated May 24, terms n_10 EOM.
25 Purchased $3,080 of merchandise from Peyton Products, invoice dated May 23, terms 2_10,
n_30.
26 Sold merchandise on credit to Crane Corp., Invoice No. 8788, for $14,210 (cost is $8,230).
26 Issued Check No. 3415 to Perennial Power in payment of the May electric bill, $1,283.
29 The owner of Colo Company, Jenny Colo, used Check No. 3416 to withdraw $7,000 cash
from the business for personal use.
30 Received payment from Lee Services for the May 22 sale less the discount.
30 Issued Check No. 3417, payable to Payroll, in payment of sales salaries, $5,320, and office
salaries, $3,150. Cashed the check and paid the employees.
31 Cash sales for the last half of the month are $66,052 (cost is $42,500).
31 Post to the customer and creditor accounts. Also post individual items that are not included
in column totals at the end of the month to the general ledger accounts. Foot and crossfoot
the journals and make the month-end postings.
Required
1. Enter these transactions in a sales journal, a purchases journal, a cash receipts journal, a cash disbursements
journal, or a general journal as illustrated in this chapter. Post when instructed to do
so. Assume a perpetual inventory system.
2. Prepare a trial balance in the Trial Balance columns of the work sheet form provided with the working
papers. Complete the work sheet using the following information for accounting adjustments:
a. Expired insurance, $553.
b. Ending store supplies inventory, $2,632.
c. Ending office supplies inventory, $504.
d. Depreciation of store equipment, $567.
e. Depreciation of office equipment, $329.
Prepare and post adjusting and closing entries.
3. Prepare a May 2005 multiple-step income statement, a May 2005 statement of owner’s equity,
and a May 31, 2005, classified balance sheet.
4. Prepare a post-closing trial balance. Also prove the accuracy of subsidiary ledgers by preparing
schedules of both accounts receivable and accounts payable.

Justin answers:

I’ve sent the file to that address you gave me.

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Your Questions About Investing In Silver

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Chris asks…

Can someone explain the basics of silver investing?

Hey everyone! I am new to the world of investing and I decided to start investing in silver. I know how to follow prices and about the gamble it is, but I need to learn the basics. For example terms, where to buy silver, and where to sell it. Anything you think I should know, could you please tell me?

Thanks!

financi4 answers:

Buy low, sell high…those are the basics. I’m gonna buy in September personally…but that’s just because I get my money then….right now I’m trying to sell what I have.
Http://www.kitco.com/charts/livesilver.html is a great place to check prices(both historic and current)

go with the rounds(like maple leaves, sunshine, american eagles etc)….but watch out, they are generally way over priced. I deal a lot in old american quarters and half dollars…sometimes the morgan dollars or liberties…but yeah, it’s honestly up to you…the old quarters, halves, and dollars 1964 and before are 90% silver and can still be found in circulation(although rare). Good luck with the silver investing!

Richard asks…

Can you help me with Investing in Silver?

Hey, I bought some .999 fine silver art bars on ebay for under the spot price of $14.00 If I sell it back on ebay for more than what I bought them for wouldn’t I profit? I bought them for $4.00-$7.00 dollars. I bought 4 of the bars. What should I do to make a profit? Im new to this silver investing thing.

financi4 answers:

What you are doing is not investing, it’s dabbling. Did you bother to find out what it will cost you to SHIP a bar of silver?? Real investors buy on commodity exchanges; they do not warehouse stuff.

Steven asks…

What do you think about investing in silver?

What do you think about investing in silver? Is it a good investment?

financi4 answers:

I HIGHLY recommend investing in silver. I invest in silver myself for various reasons.

1) It is currently selling for a very cheap price relative to gold. (Research online the gold/silver ratio)
2) It has many industrial uses (check out www.silverinstitute.org)
3) It is a great way to protect your wealth in times of uncertainty, especially from the ever-inflating fiat currencies like the U.S. Dollar
4) China is asking their citizens to divest themselves from the U.S. Dollar and instead buy gold and silver.
5) There is barely enough silver today being mined to keep up with world demand. (Again, check out www.silverinstitute.org)
6) Silver will increase in value whether the economy goes up or down. It will increase in value if the economy goes down because people will want to own a secure asset, and silver is such. It will also increase if the economy goes up because industrial demand will drive silver prices up.
7) My most favorite reason, the U.S. Government (or any other government for that matter) can’t “print” gold and silver out of thin air 🙂

There are many reputable silver dealers online. The most reputable company is APMEX.com. I purchased a lot of gold and silver bullion from them and was very satisfied with all of my orders. There are also a ton of videos on YouTube that talk about the benefits of owning silver. Search for silver on YouTube and you’ll be amazed at all the information that’s out there.

*****

EDIT: Sorry, I just read what Warren534 wrote and decided to expand on my answer. If you want to invest in silver, do yourself a favor and invest in REAL physical silver, NOT “paper” silver like silver futures or ETFs. That’s all a scam. I’ve been following the silver market for years and can attest to the fact that there have been many times where the “paper” price of silver (the spot price) is completely irrelevant to what the real price of physical silver is selling for. For example, last year there was a time that “silver shorts” (like Warren534 below) drove the paper/spot price of silver to about $8-$9 an ounce. However, you were lucky if you could actually buy physical silver for less than $12/ounce. Physical dealers were sucked dry of their supplies and were forced to raise prices. There is BLATANT manipulation going on in the “paper silver” market, and many videos on YouTube cover this. Invest in REAL, PHYSICAL silver. Avoid fake/paper silver AT ALL COSTS!

Ken asks…

investing in silver stock market help?

Can I invest Silver ,(commodities) with chase, how?

financi4 answers:

Open a brokerage account with Chase, and buy the SLV etf. Tho I think your a little late to the silver party.

Joseph asks…

Is Investing in Silver a good idea right now?

I have a little money put aside? Which would be best with the current market? Save as emergency cash, invest in medals as silver, or invest in stocks. I know I can lose it all and that is ok. However, I also don’t have enough money to diversify at the moment, so I could only pick one, and diversify later once I get some more cash built up.

financi4 answers:

Silver is in an up trend at the moment:

http://www.haydnallbutt.com.au/files/silverprice.jpg

Since reaching a peak on the 5th of March last year it then dropped during the financial crisis (price is in US dollars per ounce). Not quite as low as it was a couple of years ago but as low as it has gone in recent times. It has since risen very steeply. I don’t follow silver so can’t comment on it’s current sharp increase. Will probably keep going up in the short term.

Investing in stocks is very good at the moment because of the financial crisis. Many stocks all around the world have plummeted so you can pick up some excellent bargains. Then as the economy recovers they will tend to increase dramatically. You do need to watch the company and make sure it is still doing ok despite the downturn, ie I wouldn’t invest in car companies! I can’t suggest particular companies since it depends on where you are in the world and what markets you have access too.

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Crude oil futures – Weekly outlook: February 25 – March 1

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Crude oil futures – Weekly outlook: February 25 – March 1

Investing.com – New York-traded crude oil futures were higher for the first time in three days on Friday, as investors returned to the market to seek cheap valuations after prices fell to a seven-week low earlier in the session. Oil prices came under
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Where is CalPERS Investing?

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Where is CalPERS Investing?

Assets under management are almost back to 2007 levels right before that financial crisis hit and in terms outperformance. It's having the best year since 2006 so where is the California public employees retirement — calpers. Putting their money to
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Five Investing Mistakes to Avoid this Year

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Five Investing Mistakes to Avoid this Year

Investing errors come in all shapes and sizes. Some mistakes are timeless, such as not investing at all, while others are specific to events and circumstances. For instance, economic and investing conditions over the past few years represent something
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Fantasy Investing Or Virtual Investing – A Good Introduction For the Beginner Investor

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Fantasy investing involves novice investors using an on-line stock marketplace simulator that acts as a virtual stock trade. 1000’s of ‘pretend’ bucks can be invested to acquire practice with online investing. The query is however, does it encourage value investing which has longer phrase needs?

A selection of goods can be traded utilizing virtual investing including shares, choices, futures and foreign currencies. Numerous brokerage houses offer virtual investing applications with the aim that customers may go on to commit real money.

Examples

OptionsXpress is a web site that can be utilized to location pretend trades. While excellent for novice traders, it may also be helpful for much more skilled investors who want to attempt out new strategies.

The UpDown, an additional virtual investing website, enables its members to trade shares and offers each member with a $1 million dollar virtual portfolio. They can then invest without the risk of placing up any of their own money.

The UpDown was envisioned as a way to harness the ‘wisdom of crowds’ to create a powerful investing device. In addition to investing, The UpDown members offer analyses and tips on stocks, and can rank and provide feedback on the stock analyses of other members.

Benefits and Cautions

Because of the social aspects of some of these websites, they are claimed to be very popular with women users. Women who are beginning out in investing are in a position to increase their confidence in the stock market and their tolerance to danger in a friendly, collaborative atmosphere where failure is not an option.

While it is not feasible to shed money with a free stock marketplace sport, a feasible concern is that it may give the beginner, investing faux money, a untrue perception of self-confidence, especially if their trades are very profitable.

A additional problem is that these websites may encourage brief-phrase trading rather than lengthier-term value investing. How many participants in fantasy investing are likely to wait around for five many years or more to see whether their stock choose is a good investment?

To Conclude

Fantasy investing, or virtual investing, offers the opportunity for beginning traders to acquire apply and self-confidence in stock trading using totally free stock investing. It could be an excellent learning on-line investing choice while saving for adequate real funds to commit.

A possible problem is that whilst free on-line investing is with out risk, it may encourage a culture of extreme risk using and brief-termism that may have via to the actual globe of investing.

For these factors, it goes in opposition to the ideas of value investing.

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