Adding Reply Archived Topic: It will not be bumped to the top of the forum. Topic Trading 60% of us dollar life savings for silver right NOW Membername   Not a member? Sign Up Free (takes 20 seconds) Password   Forgotten your password? Post Font: Verdana Arial Black Georgia Comic Sans Impact   Size: Tiny Normal Big Huge   Color: Default Dark Red Red Orange Brown Green Olive Cyan Blue Dark Blue Indigo Black [ Check Spelling ] [ Post Preview ] [ LiveTags ] FAQ Keyword Search: Post Options Favorites Manager Notify me of new replies to this topic by email Notify me of new replies to this topic by private message Original Post Anonymous Posted at 9:44 pm on Aug. 20, 2008 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.   )

Replies medjai Posted at 10:49 pm on Aug. 20, 2008 It's not a bad idea to invest in multiple mediums. Silver historically goes up and down and it hasn't ever been worthless in the industrial age. Just don't get greedy when it goes up and wait too long as it might godown again and if you sell for a gain you can wait for it to drop and buy more than you originally had and rinse and repeat. Anonymous Posted at 10:14 pm on Aug. 20, 2008 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. iconoclast Posted at 10:10 pm on Aug. 20, 2008 Quote: from dolce e gabbana at 12:47 am on Aug. 21, 2008 are you kidding me.. gold has amazing gains! if you read up on it, historically, silver has gained 50-100% more than gold when both tend to go up breathesrain Posted at 10:04 pm on Aug. 20, 2008 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. dolce e gabbana Posted at 9:47 pm on Aug. 20, 2008 are you kidding me.. gold has amazing gains! iconoclast Posted at 9:46 pm on Aug. 20, 2008 Quote: from dolce e gabbana at 12:45 am on Aug. 21, 2008 Don't invest in silver.. Invest in gold. silver actually has better gains generally MrIndigo Posted at 9:46 pm on Aug. 20, 2008 Inflation should go up more, well, a LOT more. Anything concrete will get you more money than just letting it sit. mattchew Posted at 9:45 pm on Aug. 20, 2008 Silver will go up, along with other metals even through this dip, as oil rises, so will the metals. dolce e gabbana Posted at 9:45 pm on Aug. 20, 2008 Don't invest in silver.. Invest in gold. All 9 previous replies displayed.