Message:

<p>[QUOTE=&quot;-jeffB, post: 5193158, member: 27832&quot;]Absolutely, and the classic &quot;high upside or nothing&quot; play is <i>lottery tickets</i>.</p><p><br /></p><p>Buying and selling gold or silver retail isn&#039;t a &quot;high upside or <i>nothing</i>&quot; play, though. It&#039;s a &quot;starting out with two strikes&quot; play, I guess -- you have to pay a premium when you buy it, and you have to accept a discount when you sell it. <i>If</i> the metal goes up enough between the time you buy and the time you sell, you <i>can</i> make money, but there&#039;s no guarantee.</p><p><br /></p><p>There are people who bought silver in 2011 and 2012 who are <i>still</i> waiting for a chance to get their money back out of it. They may have to wait a lot longer. Gold just recently topped its 2011 high, but it&#039;s already fallen back some, and there&#039;s no guarantee it won&#039;t fall back more.</p><p><br /></p><p>Sure, if the dollar collapses, the <i>nominal</i> price of PMs will go up. Even if we just continue with 1%-2% inflation for decades to come, <i>eventually</i> PMs will hit new dollar price highs. But that doesn&#039;t matter, because their <i>value</i> will continue to fluctuate as it always has. An ounce of gold might &quot;always buy a nice men&#039;s suit&quot;, but sometimes it&#039;ll be Brooks Brothers, and sometimes it&#039;ll be Men&#039;s Wearhouse.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in