Quote:
Originally Posted by Gogar
....My only comment is this: There's a reason they have to buy all those radio/tv commercials. It's a real doom and gloom, fear-based market.
If you're just getting into it then yes, it's at a great starting point and shouldn't get - much - worse.
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A buddy of mine fell for the "gloomy doomy" talking heads too and loaded up on gold...he ain't too happy (and ignored my advice to "average in")...dropped like a lead balloon immediately after his purchase. While "now" is probably a good time to buy a bit, I remembered the OPs other thread about debt. I surely wouldn't be making "gambles" when paying down debt is a guaranteed return for peace-of-mind....YMMV.
Quote:
Originally Posted by on2wheels52
I've been buying and selling silver for 30 years. I have no prediction to offer, it does not seem to move in a reasonable manner.
Gold takes up less space.
Jim
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Jim is VERY astute about this stuff and offers competitive prices also, though I opted to sell mine at a brick & mortar locally. Let the Hunt Brothers (et al, if they are still alive) dump theirs, and the silver market can be manipulated by a few billionaire players. Golden Eagles and Buffalos sure are purty though
ps: One pays a premium to buy and sell silver/gold too...take that into consideration. Insignificant for a long term "hedge", but sure eats a HUGE chunk out of an investment strategy.