Quote:
Originally Posted by will76
I hope you can read the economic events well enough to know when to buy or sell because the up and downs are going to happen. The way people talk around here they make it sound like you can't lose if you buy either gold or silver, its going to keep going up in value for ever. When in reality you could buy silver today for $30 and it could crash to 1/2 that and not hit $30 again for 10 years, said person might need money some time in the future have to sell and take a huge loss. It really isn't much different then the stock market.
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Yes it is going to go up or down, but it depends on what type of investor you are. The long term trend looks pretty convincingly up, but there could be dip sometime soon. If you are a more risk based short term investor then your advice isn't too bad, but long term ... ie over a year + then I would have to say the long term trend is for them to head up.
If you are trying to pick high, low and turning points on a graph it's nothing more than educated gambling.
That being said Silver is more risky and more prone to sharp movements.