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Message:: [QUOTE="Juan Blanco, post: 1617032, member: 41665"]No.1) Noobs should not imagine Silver (and PMs generally) as an "investment" in the familiar sense: an asset class providing (presumed) capital appreciation and/or dividend/income/yield etc.2) Noobs who think they can "flip" bullion like a stock are almost certain to get burned, worse than house-flippers? They probably know nothing of premiums or downside in Bull Mkts, etc.3) Noobs who misunderstand SLV/GLD "trades like equities" are clueless also. PMs negatively correlate to US stocks. And (typically) there's no alpha in PMs.4) Noobs trying to market-time PMs in Paper might also get burned, but at least they can sell quickly with no premium from a brokerage acct. Still: don't ... or, until you understand the (significant!) risks. I do believe Silver (and other PMs) can have a very useful role in your portfolio and asset allocation IF you do your homework first. Bullion can be an appropriate Dollar-hedge, Paper hedge, real asset reserve, catastrophe insurance, etc. but these purposes are also not traditional retail "investment goals." That's my two cents. fwiw I called Gold for clients back in 2002; it's been a great "bet" since then, no?[/QUOTE]