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Is silver a foolish buy right now?
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<p>[QUOTE="Jeepfreak81, post: 8243660, member: 93888"]So I've been planning to buy a little bit of silver every year starting this year. I'm about to get my spring bonus at work and I had thought now's a good time to pick up a little bit of silver. But that thought came a couple weeks ago, now with world events as they are and silver jumping up a bit....is it foolish to buy into any silver right now?</p><p><br /></p><p>I don't have any experience with PM's other than I have a couple ounces worth of silver. I understand basic investing principles, but also at the same time I know PM's aren't for getting rich and that's not my intent anyway. I think of it more as a low yield savings account I can hold. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> </p><p><br /></p><p>So I guess I'm looking for some opinions, Is it silly to buy right now, or is this price poised to keep climbing? I know it's all an educated guessing game. Also I'm not talking about gettiing any huge dollar amount here. A Benjamin or two is about all I will throw in at the moment.[/QUOTE]</p><p><br /></p>
[QUOTE="Jeepfreak81, post: 8243660, member: 93888"]So I've been planning to buy a little bit of silver every year starting this year. I'm about to get my spring bonus at work and I had thought now's a good time to pick up a little bit of silver. But that thought came a couple weeks ago, now with world events as they are and silver jumping up a bit....is it foolish to buy into any silver right now? I don't have any experience with PM's other than I have a couple ounces worth of silver. I understand basic investing principles, but also at the same time I know PM's aren't for getting rich and that's not my intent anyway. I think of it more as a low yield savings account I can hold. :-) So I guess I'm looking for some opinions, Is it silly to buy right now, or is this price poised to keep climbing? I know it's all an educated guessing game. Also I'm not talking about gettiing any huge dollar amount here. A Benjamin or two is about all I will throw in at the moment.[/QUOTE]
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