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Asked myself - Why do I buy Silver?
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<p>[QUOTE="-jeffB, post: 2011662, member: 27832"]Preach it, brother!</p><p><br /></p><p>My folks gave me some money to put into an IRA in the mid-1980s. I put it all into a mutual fund with a 5% front-end load -- that's right, it lost 5% right off the bat.</p><p><br /></p><p>Today, that <i>investment</i> has multiplied by almost 12 times in nominal dollars. Had I put it into silver, it would be worth maybe 2 or 3 times as much in nominal dollars, and it would have <i>lost</i> value relative to gas, milk, or thousands of other products.</p><p><br /></p><p>Inflation, according to official figures, has devalued the dollar by a factor of about 2.4 during that same period. Silver has <i>approximately</i> maintained a constant value; in 2011, it was way ahead, but it was <i>terrible</i> from 1990 through 2005 or so (maintaining a nearly constant price in dollars while inflation ate away at that value).</p><p><br /></p><p>And don't even talk to me about people who went all-in in 2011 at $30-40/ounce. They might eventually sell at a profit, but silver's got to climb out of a very, very deep hole first.</p><p><br /></p><p>Meanwhile, that mutual fund continues to increase in <i>actual</i> value. Even factoring in inflation, it's multiplied four- or fivefold.</p><p><br /></p><p>It's not very shiny, not very interesting; it's a lousy <i>hobby</i>. But it's a great <i>investment</i>. Compare and contrast with silver coins. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 2011662, member: 27832"]Preach it, brother! My folks gave me some money to put into an IRA in the mid-1980s. I put it all into a mutual fund with a 5% front-end load -- that's right, it lost 5% right off the bat. Today, that [I]investment[/I] has multiplied by almost 12 times in nominal dollars. Had I put it into silver, it would be worth maybe 2 or 3 times as much in nominal dollars, and it would have [I]lost[/I] value relative to gas, milk, or thousands of other products. Inflation, according to official figures, has devalued the dollar by a factor of about 2.4 during that same period. Silver has [I]approximately[/I] maintained a constant value; in 2011, it was way ahead, but it was [I]terrible[/I] from 1990 through 2005 or so (maintaining a nearly constant price in dollars while inflation ate away at that value). And don't even talk to me about people who went all-in in 2011 at $30-40/ounce. They might eventually sell at a profit, but silver's got to climb out of a very, very deep hole first. Meanwhile, that mutual fund continues to increase in [I]actual[/I] value. Even factoring in inflation, it's multiplied four- or fivefold. It's not very shiny, not very interesting; it's a lousy [I]hobby[/I]. But it's a great [I]investment[/I]. Compare and contrast with silver coins. :)[/QUOTE]
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