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<p>[QUOTE=&quot;Prime Mover, post: 1696330, member: 38783&quot;]:welcome:</p><p><br /></p><p>Search is your friend... these topics have been discussed ad nauseum and I highly suggest you take a few days to go through posts on this forum.&nbsp; But to run down quick my thoughts:</p><p><br /></p><p>1) Obviously, diversification should be the goal, not all in PM&#039;s.&nbsp; This way you don&#039;t lose your shirt if we take a big drop like as what just happened (and is still in flux)</p><p>2) PM&#039;s don&#039;t offer a &quot;return&quot; in the sense of stocks value appreciation or dividends, so you should think of them more as a preservation of purchasing power over the long term if you think they will outperform inflation (I subscribe to this theory)</p><p>3) Buy over the long term by Dollar Cost Averaging - a few bucks every week/month will help you hedge against big dips or spikes over the long run, such as the large downward &quot;correction&quot; we&#039;re currently in the middle of</p><p>4) Morgans are susceptible to a good amount of fakes, as are other bars and rounds, you can find a lot of threads on this forum on how to help identify them.&nbsp; Buy from a trusted dealer, stick with 90% or 80% junk silver and ASE&#039;s &amp; Maples from trusted sources to start with and buy a good magnet, gram scale and test kit and get familiar with how to use it.</p><p><br /></p><p>As far as a good investment, only you can decide whether it&#039;s right for you, and I&#039;m serious, please search and go through a lot of recent discussions.&nbsp; You&#039;ll see many good viewpoints from all sides and it can be very informative and help you make the best decisions on what to do.</p><p><br /></p><p>Me, personally, it&#039;s a hedge against inflation and I stack long-term to protect any decrease in the purchasing power of the dollar over time.&nbsp; I tend to buy 90% junk silver (old and new) mostly, as well as collect &quot;numismatic silver&quot;, i.e. Silver Ikes, Silver State Quarters, Franklins, Washingtons, Mercs, etc.&nbsp; Doing that gives me both the comfort of hoarding the silver and also being able to appreciate it&#039;s numismatic side.</p><p><br /></p><p>Good luck to you sir.[/QUOTE]</p><p><br /></p>

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