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How low will silver and gold go?
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<p>[QUOTE="medoraman, post: 1830144, member: 26302"]"I'm not buying either gold or silver...but if I had to buy one today, I'd buy silver because it certainly has gone down more than gold"- Jim Rogers</p><p><br /></p><p><a href="http://www.financialsense.com/contributors/adrian-ash/gold-drops-twenty-dollars-i-d-rather-buy-silver-says-jim-rogers" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.financialsense.com/contributors/adrian-ash/gold-drops-twenty-dollars-i-d-rather-buy-silver-says-jim-rogers" rel="nofollow">http://www.financialsense.com/contributors/adrian-ash/gold-drops-twenty-dollars-i-d-rather-buy-silver-says-jim-rogers</a></p><p><br /></p><p>Another wonderful little pearl of wisdom from a PM guru. Seriously, I have some buggy whip stocks I can sell him, since they have gone down more than other stocks, so by his thinking they must be the best stock to own.</p><p><br /></p><p>Honestly, I view pm as a longer term hold. My timeline is 30 years, so I do not sweat small moves today. Its unknowable how low it can go, the major decision to make is whether you feel today's price will be a good deal long term versus other investment choices. I don't think pm's total return will be great, but it makes sense TO ME as a contra asset as part of my total assets. </p><p><br /></p><p>That is the only intelligent way to analyze pm IMHO. That, and don't listen to the pm or popular press regarding pm.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1830144, member: 26302"]"I'm not buying either gold or silver...but if I had to buy one today, I'd buy silver because it certainly has gone down more than gold"- Jim Rogers [url]http://www.financialsense.com/contributors/adrian-ash/gold-drops-twenty-dollars-i-d-rather-buy-silver-says-jim-rogers[/url] Another wonderful little pearl of wisdom from a PM guru. Seriously, I have some buggy whip stocks I can sell him, since they have gone down more than other stocks, so by his thinking they must be the best stock to own. Honestly, I view pm as a longer term hold. My timeline is 30 years, so I do not sweat small moves today. Its unknowable how low it can go, the major decision to make is whether you feel today's price will be a good deal long term versus other investment choices. I don't think pm's total return will be great, but it makes sense TO ME as a contra asset as part of my total assets. That is the only intelligent way to analyze pm IMHO. That, and don't listen to the pm or popular press regarding pm.[/QUOTE]
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