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Asked myself - Why do I buy Silver?
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<p>[QUOTE="medoraman, post: 2013274, member: 26302"]For a hobby, silver is pretty and a great hobby. Yes, as an investment all pm has high hurdles to overcome, dealer profit being a large one. The best way to overcome this hurdle is through time. Holding pm for a long period minimizes this cost. So yes, holding physical pm is costly and has some risks, but its highly preferable to holding paper pm long term. For some reason shysters have always been attracted to coin collecting and pm. Unless its an ETF, I would NEVER, EVER trust paper pm. Way too many have lost their fortunes with promises from pm dealers.</p><p><br /></p><p>Btw, I am with you Longnine, I absolutely HATE the atrocious policies our crooks undertake. However, I am a realist, accepting the vast majority no longer desire silver and gold, but want greenbacks. So, I invest in varieties of investments for retirement. I truly do wish I could just accept X is the perfect place to put my money, but I just have too many doubts.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2013274, member: 26302"]For a hobby, silver is pretty and a great hobby. Yes, as an investment all pm has high hurdles to overcome, dealer profit being a large one. The best way to overcome this hurdle is through time. Holding pm for a long period minimizes this cost. So yes, holding physical pm is costly and has some risks, but its highly preferable to holding paper pm long term. For some reason shysters have always been attracted to coin collecting and pm. Unless its an ETF, I would NEVER, EVER trust paper pm. Way too many have lost their fortunes with promises from pm dealers. Btw, I am with you Longnine, I absolutely HATE the atrocious policies our crooks undertake. However, I am a realist, accepting the vast majority no longer desire silver and gold, but want greenbacks. So, I invest in varieties of investments for retirement. I truly do wish I could just accept X is the perfect place to put my money, but I just have too many doubts.[/QUOTE]
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