Quote:
Originally Posted by Sausage
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.
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9 out of 10 people who think they are long term investors will sell off the (insert anything here: gold or silver) less than 5 years after buying it. Either of them could easily go 3-5 years without getting back to where the prices are right now. They have shot up a LOT in the last couple years, if there is one thing I have learned a lot over the last 10 years, when shit shoots up fast (stock market, housing market, oil, etc...) it usually corrects itself and comes back down pretty soon, and then how long it stays low will vary. Its the people who buy high and sell low that get screwed, as simple as that may seem to understand people do it all the time.