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<p>[QUOTE="InfleXion, post: 2661517, member: 29012"]If you are actually kicking yourself for investing in silver then you invested for the wrong reasons. Silver and gold provide tangible wealth that is safe from counterparty risk and inflation. If you wanted to get rich in a handful of years, precious metals were the wrong choice. Precious metals are my retirement plan. Just because silver is undervalued doesn't mean it will ever reach fair value, and it certainly will not reach fair value before the US dollar is retired, because they are competing currencies and the currency printers have a vested interest in using that currency to suppress the price of precious metals. BitCoin's similarity to gold and silver is only that they can both function as currency. Fundamentally they are nothing alike, and noone should invest in BitCoin as a precious metal alternative. You should only invest in what you understand. I understand BitCoin, but I still won't invest in it. Every year or two the price gets cut in half and yo-yos all over the place. It's about as speculative a market as there is.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 2661517, member: 29012"]If you are actually kicking yourself for investing in silver then you invested for the wrong reasons. Silver and gold provide tangible wealth that is safe from counterparty risk and inflation. If you wanted to get rich in a handful of years, precious metals were the wrong choice. Precious metals are my retirement plan. Just because silver is undervalued doesn't mean it will ever reach fair value, and it certainly will not reach fair value before the US dollar is retired, because they are competing currencies and the currency printers have a vested interest in using that currency to suppress the price of precious metals. BitCoin's similarity to gold and silver is only that they can both function as currency. Fundamentally they are nothing alike, and noone should invest in BitCoin as a precious metal alternative. You should only invest in what you understand. I understand BitCoin, but I still won't invest in it. Every year or two the price gets cut in half and yo-yos all over the place. It's about as speculative a market as there is.[/QUOTE]
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