Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Can we discuss buying Silver
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="zghorner" data-source="post: 3153494" data-attributes="member: 35089"><p>I am always looking at ways to make money and had a friend recommend I invest in silver since its "at a 5 year low" and "if the US dollar collapses it will go sky high" so I have been checking into it and decided to post my thoughts:</p><p></p><p>Looking at a chart from an investment standpoint I see that it hung around the $5-$8 range for a long time with major spikes in 1980 (Hunt brothers bubble) and 2011 (world economy scare). Zoom in to a 6 month timeline and it is a pretty obvious trend...dropping like a rock. Right now it sure looks like a loser and a bad time to buy. News could hit tomorrow that would cause it to jump back up to $50 but im not going to bet on that. once it drops under $10 I may look into it some more but for now I would say no.</p><p></p><p>Looking at it from the prepper point of view I think it would be an excellent thing to have for barter. not EVERYONE will want to trade for .22 bullets and 10 lb of silver wont break the bank no matter the value. but yea I aint buying any lol.</p></blockquote><p></p>
[QUOTE="zghorner, post: 3153494, member: 35089"] I am always looking at ways to make money and had a friend recommend I invest in silver since its "at a 5 year low" and "if the US dollar collapses it will go sky high" so I have been checking into it and decided to post my thoughts: Looking at a chart from an investment standpoint I see that it hung around the $5-$8 range for a long time with major spikes in 1980 (Hunt brothers bubble) and 2011 (world economy scare). Zoom in to a 6 month timeline and it is a pretty obvious trend...dropping like a rock. Right now it sure looks like a loser and a bad time to buy. News could hit tomorrow that would cause it to jump back up to $50 but im not going to bet on that. once it drops under $10 I may look into it some more but for now I would say no. Looking at it from the prepper point of view I think it would be an excellent thing to have for barter. not EVERYONE will want to trade for .22 bullets and 10 lb of silver wont break the bank no matter the value. but yea I aint buying any lol. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Can we discuss buying Silver
Search titles only
By:
Top
Bottom