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Poll: Is Silver a good investment
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<p>[QUOTE="Blaubart, post: 1486521, member: 37498"]IMO - This is not a simple yes/no question.</p><p><br /></p><p>Virtually anything can be a good investment if you believe it will be worth more at some point in the future. Historically, at least here in the US, the best investment has been stocks, with the small business sector being the best of stocks.</p><p><br /></p><p>However, as time goes by and I get older and more cynical, I am starting to lose confidence in the future of stocks, the dollar, and to a certain extent, our country. That being said, precious metals still only account for less than 5% of my investment portfolio. The reason being, precious metals don't do anything. They just sit there. When you invest in stocks, the companies you invest in are doing something to earn you money.</p><p><br /></p><p>Of course there's risk in investing in stocks. There's a very real risk that if you don't stay informed, you could lose everything. (As my wife did with about $2,000 of MCI Worldcom stock) With silver, there's risk that the value will not appreciate, but you won't lose everything unless someone robs you.</p><p><br /></p><p>One rule of thumb with investing is with risk comes reward. There's not too much risk in buying government bonds, but there's not much reward either. Same thing with silver, but right now, it's probably a little better than buying government bonds, especially in the event the economy collapses or whatever...[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1486521, member: 37498"]IMO - This is not a simple yes/no question. Virtually anything can be a good investment if you believe it will be worth more at some point in the future. Historically, at least here in the US, the best investment has been stocks, with the small business sector being the best of stocks. However, as time goes by and I get older and more cynical, I am starting to lose confidence in the future of stocks, the dollar, and to a certain extent, our country. That being said, precious metals still only account for less than 5% of my investment portfolio. The reason being, precious metals don't do anything. They just sit there. When you invest in stocks, the companies you invest in are doing something to earn you money. Of course there's risk in investing in stocks. There's a very real risk that if you don't stay informed, you could lose everything. (As my wife did with about $2,000 of MCI Worldcom stock) With silver, there's risk that the value will not appreciate, but you won't lose everything unless someone robs you. One rule of thumb with investing is with risk comes reward. There's not too much risk in buying government bonds, but there's not much reward either. Same thing with silver, but right now, it's probably a little better than buying government bonds, especially in the event the economy collapses or whatever...[/QUOTE]
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