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<p>[QUOTE=&quot;Cloudsweeper99, post: 145136, member: 3011&quot;]There is some mis-information here about the meaning of the word &quot;safe.&quot;&nbsp; When the probability of gain is much greater than the probability of loss, an item or investment can be considered &quot;safe.&quot;&nbsp; Anything can happen to a single investment, but when purchased on a group basis, the probability of gain becomes very very high.&nbsp; It should also be mentioned that Warren Buffett once said that one of the safest transactions that can be made is to purchase metal at or below the cost of production because either the price has to rise, or the metal must disappear from use by the human race.&nbsp; That said, gold below $300 and silver below about $8 were extraordinarily safe investments because the marginal cost to bring new deposits into existence from exploration to production were, in most cases, higher.&nbsp; Gold and silver are not as good investments today as they were then, but they still aren&#039;t bad.&nbsp; The US Geological Survey for 2005 [I think] indicated that all of the primary silver deposits on the planet will be mined out within 40 years.&nbsp; Most of what is left will be uneconomical to mine at any reasonable cost.&nbsp; You can figure out for yourself what that&#039;s going to do to the price of silver coins [eventually].&nbsp; There is also the inflation factor.&nbsp; There hasn&#039;t been a single year in my lifetime when the price level was lower than the year before.&nbsp; This constant depreciation in the currency just about guarantees that gold and silver coins in the distant future will be worth more than they are today, although anything can happen in a single year or even over a decade.&nbsp; When I was about Morgan Dollar&#039;s age, I could purchase high grade uncirculated morgan dollars for about $1.50 for common dates [but didn&#039;t - darn].&nbsp; The Dow Jones Industrial Average was about 900. Both have been reasonable holdings since then.&nbsp; Both have experienced long periods when they went noplace, and times when they rocketed upward.&nbsp; The fact that gold can be purchased now for about the same price as it could 25 years ago is certainly more of a positive than a negative.&nbsp; There aren&#039;t too many things in life where this is true.&nbsp; Everyone can make their own best guess about the future and take full responsibility for the consequences.</p><p><br /></p><p>[Climbing down off the soapbox now...] <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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