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<p>[QUOTE=&quot;Sir Ed of Wynn, post: 1154328, member: 30371&quot;]Strictly my opinion, and of course the final decision will be yours. Cycles always have different factors effecting them, but they are still cycles or bubbles. Usually, when everyone is telling you to mortgage your house to buy a security or a precious metal, the cycle is in the late stages and the risk of loss is increasing. Just as a reminder of the potential downside, go look at the last time silver was in this neighborhood in the early eighties. When the cycle ends, it will end quickly, and it will be years before it recovers. This one might be a little different, there might be quick and ugly corrections, with an overall trend to the upside over a long period of time, but it might end in a massacre. Your greed will tell you to purchase a great big chunk of silver quickly to get in on the run-up. </p><p>I would advise that you decide on a nominal amount - (disposable income that you will not miss, if you lost it all tomorrow) and invest that amount over time. (every week or every month). You will spread out your risk and be betting that inflation and global conditions will probably make silver much more valuable 10 years from now. If the market crashes in six months, you will still be able to average down to eventually make money. If it goes up, you will be making money.[/QUOTE]</p><p><br /></p>

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