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<p>[QUOTE="Collecting Nut, post: 2214544, member: 74863"]It may go lower but it will go higher. Check your history. We have no inflation at the current time. Precious metals go up when inflation rises. With the National Debt as high as it is, inflation is coming and with that, the metals will go higher. We are at or near the end of a 3 year low for the metals. Can it still go down? Of course it can but it can't go down as far as it was when it was $48.00 an ounce.</p><p><br /></p><p>In every market, prices go up and prices drop. You will have winners and losers. The stock market reported sometime ago, that 85% of the investors loose money and 15% are winners. Paper money is worthless in the end. In the early 1960's $1.00 bought a dollars worth of goods. It does not do that today.</p><p><br /></p><p>Silver was around $3.85 before it went up to it's high of around $48.00. It didn't go straight up. It went up, fell back, went up, fell back until it reached it's high. Then it started back down. It went down, then up, then down more, then up and now it's in the $15.00 range. It changes every day. It changes throughout the day.</p><p><br /></p><p>One must also diversity. In the metals, you can still diversity. Buy some on paper, buy stock in mining companies which are really beaten down, buy into metal funds which diversity for you. Buy and take physical possession of it, store some in a Metals IRA. Buy and stack silver ounces. Buy high grade coins, buy junk silver coins, just buy and hold. It will go up because the dollar has been over extended.[/QUOTE]</p><p><br /></p>
[QUOTE="Collecting Nut, post: 2214544, member: 74863"]It may go lower but it will go higher. Check your history. We have no inflation at the current time. Precious metals go up when inflation rises. With the National Debt as high as it is, inflation is coming and with that, the metals will go higher. We are at or near the end of a 3 year low for the metals. Can it still go down? Of course it can but it can't go down as far as it was when it was $48.00 an ounce. In every market, prices go up and prices drop. You will have winners and losers. The stock market reported sometime ago, that 85% of the investors loose money and 15% are winners. Paper money is worthless in the end. In the early 1960's $1.00 bought a dollars worth of goods. It does not do that today. Silver was around $3.85 before it went up to it's high of around $48.00. It didn't go straight up. It went up, fell back, went up, fell back until it reached it's high. Then it started back down. It went down, then up, then down more, then up and now it's in the $15.00 range. It changes every day. It changes throughout the day. One must also diversity. In the metals, you can still diversity. Buy some on paper, buy stock in mining companies which are really beaten down, buy into metal funds which diversity for you. Buy and take physical possession of it, store some in a Metals IRA. Buy and stack silver ounces. Buy high grade coins, buy junk silver coins, just buy and hold. It will go up because the dollar has been over extended.[/QUOTE]
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