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Investors: Is the silver train worth jumping on?

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Earth_First Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-14-08 02:53 PM
Original message
Investors: Is the silver train worth jumping on?
I've been watching silver for about a year now come June when silver could be had for $9-10/ounce.

Should we jump on?
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selador Donating Member (706 posts) Send PM | Profile | Ignore Fri Mar-14-08 02:55 PM
Response to Original message
1. retail
retail tends to buy the highs, sell the low

silver was an awesome buy in the 7-9 range

now?

um. no

could get higher but the risk/reward is not compelling

gold, likewise was compelling 300-400 and offered some nice entries in the 500's and 700's

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ayeshahaqqiqa Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-14-08 02:57 PM
Response to Original message
2. wouldn't hurt to do it in a small way, at least
1 oz medallions could come in handy because of their intrinsic value. They will trade for food when paper dollars won't.
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mitchtv Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-14-08 03:02 PM
Response to Reply #2
3. when you don't want to give up gold
The gold is for when it's time to leave
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ayeshahaqqiqa Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-14-08 06:49 PM
Response to Reply #3
4. My husband bought some gold and silver on Monday
and the price of both have risen enough to pay the shipping costs.
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tuckessee Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-14-08 06:59 PM
Response to Original message
5. You're going to need something beyond US dollars.
What that is I don't know.
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