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<p>[QUOTE="RaceBannon, post: 987345, member: 25357"]I think silver is still undervalued in relation to the U. S. dollar. The key part of the last sentence is "in relation to the US dollar". Silver closed today at $19.85/oz. If your time horizon for exchanging your silver back into US dollars is five years or more, I would venture to say that under the current fiscal policies of our government, you stand to make at least that exchange rate, and probably significantly more, five years down the road. We are bound to see inflation in this country over the next decade; as the US continues to increase the supply of dollars, their value (purchasing power) will decrease. ECON 101.</p><p> </p><p>The real question is; "Will inflation erode the value of a dollar more quickly than it will erode the value of an ounce of silver?" My guess is yes. IMO, the longer you hold silver, the more you stack the odds in your favor.[/QUOTE]</p><p><br /></p>
[QUOTE="RaceBannon, post: 987345, member: 25357"]I think silver is still undervalued in relation to the U. S. dollar. The key part of the last sentence is "in relation to the US dollar". Silver closed today at $19.85/oz. If your time horizon for exchanging your silver back into US dollars is five years or more, I would venture to say that under the current fiscal policies of our government, you stand to make at least that exchange rate, and probably significantly more, five years down the road. We are bound to see inflation in this country over the next decade; as the US continues to increase the supply of dollars, their value (purchasing power) will decrease. ECON 101. The real question is; "Will inflation erode the value of a dollar more quickly than it will erode the value of an ounce of silver?" My guess is yes. IMO, the longer you hold silver, the more you stack the odds in your favor.[/QUOTE]
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