Quote:
Originally Posted by facialfreak
You know what's really funny about your statement ... when I was a young kid and GOLD hit $438.10 per ounce (10/08/86) .... NOBODY ever predicted that maybe 25-30 years later it would hit $1915.30 /ounce
And to add credibility to a silver parabola .... most of the world's precious metals gurus are in total agreement that silver is going to go higher than anybody would have ever expected at some point within the remaining 8 years that gold and silver are in a bull market.
Eric Sprott - A Canadian billionaire, who arguably manages the largest stack of physical silver in the world - would not have converted over $11 billion dollars in gold futures into PHYSICAL SILVER last summer, if he did not see a very bright future for silver on the horizon.
I have a friend that lives around the corner from me, who has his house on the market, and if he can get his asking price, will stand to profit $45,000 of which he plans to invest ALL in physical silver ... With a new wife and new baby, he is willing to put all of his equity into silver ... and this guy has made a lot of money in the commodities markets.
All you naysayers can say all you like about how crazy us silver hoarders are, but this crazy man will have the last laugh ... you can bank on it!!  |
ok what bothers me most about silver fanatics is most of them don't take the time to look or read about the history of the metal.. it has gone through 'booms' before and every time it goes up like that it CRASHES 10x as fast.. why? there is no shortage of silver.. there never will be, it is mined constantly, and when prices go up it gets mined more.. so what does this do to prices? they stay flat... or go up very slowly with inflation.
it makes sense to add some balance to your investments with buying some metals, but if you go nuts with it you are putting all your eggs in one basket that has no track record or any evidence of a boom in the near future other than youtube speculation and fear mongering.
do your homework... not on youtube...