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"2011 Silver High $50" The sky is the limit
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<p>[QUOTE="medoraman, post: 1118614, member: 26302"]This is true Cloud, but there is an element of truth in the statement. A lot of the runup in prices the US is seeing recently is not a true run up in values, it is effectively a weakening of the dollar. Even more globally, weakening in many currencies. If the dollar is devaluing, from a common citizen's perspective it will appear that any imports or exportable goods are going up. They aren't goin up, you are going down. Maybe that is what the OP's teacher was trying to express.</p><p><br /></p><p>I am still leery of silver in particular. I am smelling some hedge fund activity here. Not sure when to bail, and not saying long, long term silver is not a good contra asset, I am currently just suspicious of overspeculation. Just my opinion, and I hope many or most disagree with it, (I hate investing the same way as the crowd). I got goosebumps, (not the good kind), the other day when I ran into 3 straight stories on Yahoo telling how good an investment silver coins were.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1118614, member: 26302"]This is true Cloud, but there is an element of truth in the statement. A lot of the runup in prices the US is seeing recently is not a true run up in values, it is effectively a weakening of the dollar. Even more globally, weakening in many currencies. If the dollar is devaluing, from a common citizen's perspective it will appear that any imports or exportable goods are going up. They aren't goin up, you are going down. Maybe that is what the OP's teacher was trying to express. I am still leery of silver in particular. I am smelling some hedge fund activity here. Not sure when to bail, and not saying long, long term silver is not a good contra asset, I am currently just suspicious of overspeculation. Just my opinion, and I hope many or most disagree with it, (I hate investing the same way as the crowd). I got goosebumps, (not the good kind), the other day when I ran into 3 straight stories on Yahoo telling how good an investment silver coins were.[/QUOTE]
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