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Trading 60% of us dollar life savings for silver right NOW  |
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 Replies: 9 — Last Post Aug. 20, 2008 10:49pm by medjai
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Votes |
Percent |
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| You're about to lose your money (Please say why/how) |
8 |
30% |
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| You'll do OK as long as you sell it at the right time. |
9 |
34% |
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| You'll double your money. |
9 |
34% |
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| Vote Now! |
26 Votes Cast |
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( Anonymous )
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Is it only 1.5K. It would take ~15 days of hard work to earn that back if I lost it all--if I were to get a job. (Yes, I know, it's stupid to not have a job right now, but I'm looking. I'm living with my parents at 18.) Basically, I bought 100 ounces of silver for a little less than 1.5K or almost $15 an ounce. That's the best deal I could find right now and silver just dropped significantly very recently but it looks like it'll recover just as fast. I can't see silver dropping very far or to nothing--it is a brick of silver. Silver seems like it has much more potential to gain in value. The US dollar isn't looking very bright and inflation has no reason to get better very soon. After the recent dip in silver prices, I thought it looked good to buy silver. I'm nervous, I guess. That's a lot of money to put in an extraordinarily volatile market. And it's almost an all eggs in one basket sort of deal. Any opinions on this? Am I nut-case about to lose my money? Or will I do OK? (Anonymous so no one decides to intercept my package of silver.  )
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 LiveWire Humor
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dolce e gabbana
Novice
 Patron
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Don't invest in silver.. Invest in gold.
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mattchew
Wealthy Hobo
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Silver will go up, along with other metals even through this dip, as oil rises, so will the metals.
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9:45 pm on Aug. 20, 2008 | Joined: Feb. 2007 | Days Active: 228
Join to learn more about mattchew Virginia, United States | Straight Male | Posts: 2,113 | Points: 4,576
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breathesrain
Advisor
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real stuffs like silver and gold can only hold their value better than paper money. silver is REAL, and there is a finite amount of it on earth. that amount can really only decrease, which would raise the price. Money on the other hand, is an economic construct, and pretty much invariably increases in amount [inflation, duh], which of course reduces the price. The thing people have to remember with stuff like this is not to get afraid and sell when the price is low. silver can't go bankrupt. so just set a certain price at which you plan to sell.
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wouldn't you rather be crazy than normal? xB
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( Anonymous )
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Quote: from dolce e gabbana at 1:47 am on Aug. 21, 2008
 are you kidding me.. gold has amazing gains! 
I like gold. It's more rare and has less of an industrial side to alter prices. It's also easier to ship. But from what I've read, silver has a lot of potential. It's been in the 20's/oz this year. If that happens again, I could walk with $500 profit. Of course it could be going the other way. In the end, gold and silver looked about even to me in terms of risk and potential gain. It was sort of a coin toss. Post edited at 10:15 pm on Aug. 20, 2008 by Anonymous
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10:14 pm on Aug. 20, 2008
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