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Is silver a foolish buy right now?
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<p>[QUOTE="Jeepfreak81, post: 8244112, member: 93888"]This is hobby money, I'm not talking about making an investment in silver, however I'm not trying to set myself up for stupid timing, hence the question. Even for fun/hobby I like to make informed decisions. On the other hand, isn't everything a balance of investment whether it be time or money.</p><p><br /></p><p><br /></p><p><br /></p><p>Not quite sure what my age has to do with it, I can't recall if it's listed here or not but I'm 40. You ask what I would do if I bought low and the price went up, well if it went up enough I'd sell....same as any other item you buy low and sell high.</p><p><br /></p><p>Also isn't that exactly what storing wealth means? To save your money/valuables. I'd be perfectly happy enjoying my collection and letting my kids inherit it some day. At the same time, diversification comes to mind, as does having something that has ACTUAL value, which currency does not. I'm not looking to buy silver this year and sell it in a month, or a year, hell maybe not a decade or more. Does that mean I should take any less care in my decisions and research? I don't think so.[/QUOTE]</p><p><br /></p>
[QUOTE="Jeepfreak81, post: 8244112, member: 93888"]This is hobby money, I'm not talking about making an investment in silver, however I'm not trying to set myself up for stupid timing, hence the question. Even for fun/hobby I like to make informed decisions. On the other hand, isn't everything a balance of investment whether it be time or money. Not quite sure what my age has to do with it, I can't recall if it's listed here or not but I'm 40. You ask what I would do if I bought low and the price went up, well if it went up enough I'd sell....same as any other item you buy low and sell high. Also isn't that exactly what storing wealth means? To save your money/valuables. I'd be perfectly happy enjoying my collection and letting my kids inherit it some day. At the same time, diversification comes to mind, as does having something that has ACTUAL value, which currency does not. I'm not looking to buy silver this year and sell it in a month, or a year, hell maybe not a decade or more. Does that mean I should take any less care in my decisions and research? I don't think so.[/QUOTE]
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