Message:

<p>[QUOTE=&quot;Tinpot, post: 1687994, member: 35836&quot;]Short term speculation in anything is dangerous if it isn&#039;t money that you can afford to lose. </p><p><br /></p><p>I&#039;ll take PM&#039;s over giving my money to the bankers to make money off of and giving me nothing in return (except for the illusion of security and negative returns on that money in real terms considering inflation)</p><p><br /></p><p>-15% loss on paper? It only matters if you&#039;ve got to sell now. Silver went from $21 down to $9 already and recovered just fine. There is pretty much no way that the bull market can be over right now considering the huge amount of debts being held by governments, they have to print or die. Not to mention interest rates being so low, high interest rates is likely what killed the last bull market in gold/silver. They also can&#039;t afford to raise interest rates, unless there is some sort of unbelievable economic recovery. </p><p><br /></p><p>I&#039;d also recommend Provident metals for anyone who is paying a 10% dealer spread. You can get kilo bars for .59 over spot in any quantity and they buy back for .10 over spot. Less than 2% spread not including your shipping costs either way. That is a bit of a special, but they typically have some sort of generic for less a $1 over spot, and pay .10 over. So about 3% spread at worst. </p><p><br /></p><p>The spread on their 1 oz gold bars is even cheaper, they have a 1 oz OPM generic gold bar for $12.95 over and buy back at spot -$10 I believe, so 22.95 spread, about 1.5%.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in