Quote:
Originally Posted by minusonebit
The time to buy gold/silver is past. Silver was trading for $5-$6 an ounce as recently as a couple of years ago. Now it is what, double? It will go higher. But how much is the question.
Ammunition is always a good investment. The price of it has been going up, too.
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Silver underperformed gold in past few years, so I see it as better investment.
Together with decrease value of USD, probability of flight of foregin capital from USA, and so on... , I would watch also price of oil, look at what happened with price of silver during oil crises in 80ties :
"From 1792 to 1972, silver went essentially nowhere: 180 years of no profits for silver investors. Then silver began moving up.
In 1979, silver spiked upward by 10 to one. It hit $50/oz in January, 1980"
"$122.36 in the year 2006 has the same "purchase power" as $50 in the year 1980."
The high prices of oil simply catapulted prices of precious metals, because of high inflation.
and there is no good outlook for oil production/consumption in next few years.
Even IEA (International Energy Agency) warned of tight oil supplies in coming years:" If Iraqi production does not rise exponentially by 2015, we have a very big problem, even if Saudi Arabia fulfills all its promises. The numbers are very simple, there's no need to be an expert"
and these guys from IEA were for a years telling that everything is ok.