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Is silver a foolish buy right now?
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<p>[QUOTE="KeyHunter, post: 8443650, member: 122558"]There was a time not long ago where silver was a marginally good working-class Joe-six pack long term play, buy, hold and hoard...maybe a decent return on slumps IF you decided to sell at all. But times have changed: silver is not rare just like diamonds aren't rare...it's all hype "and echoes with the sound of salesmen" and silver has become an even more abundant metal for the Green revolution. Emotional fever for purchasing silver in a forecast cratering economy and internal political unrest have in part, IMHO, led to the diarrhea-like increase in premiums with dealers making out like bandits. Silver price dives yet the cost to buyer stays the same...AND INCREASES leading me to the conclusion silver is a losers game. I cashed-in my decades-worth hoard of pre-premium silver at the last high-value point Spring 2021. I framed a copy of the check and invoice. It's been gold ever since. The premiums even on fractional traditionally higher-premium gold are LOWER than that of silver ounce per ounce. And since gold is considered the ultimate MONEY and store of value It's about time I updated my signature. Buy gold, gold key date mintages, silver key date mintages.[/QUOTE]</p><p><br /></p>
[QUOTE="KeyHunter, post: 8443650, member: 122558"]There was a time not long ago where silver was a marginally good working-class Joe-six pack long term play, buy, hold and hoard...maybe a decent return on slumps IF you decided to sell at all. But times have changed: silver is not rare just like diamonds aren't rare...it's all hype "and echoes with the sound of salesmen" and silver has become an even more abundant metal for the Green revolution. Emotional fever for purchasing silver in a forecast cratering economy and internal political unrest have in part, IMHO, led to the diarrhea-like increase in premiums with dealers making out like bandits. Silver price dives yet the cost to buyer stays the same...AND INCREASES leading me to the conclusion silver is a losers game. I cashed-in my decades-worth hoard of pre-premium silver at the last high-value point Spring 2021. I framed a copy of the check and invoice. It's been gold ever since. The premiums even on fractional traditionally higher-premium gold are LOWER than that of silver ounce per ounce. And since gold is considered the ultimate MONEY and store of value It's about time I updated my signature. Buy gold, gold key date mintages, silver key date mintages.[/QUOTE]
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