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<p>[QUOTE=&quot;-jeffB, post: 2214587, member: 27832&quot;]This is a fallacy, I think.</p><p><br /></p><p>Of <i>course</i> it can&#039;t drop as far <i>in dollars per ounce</i> as it has already -- that&#039;s trivially true of any investment that&#039;s lost 50% or more of its value. That&#039;s not important, though.</p><p><br /></p><p>What&#039;s important is <i>percentages</i>. Silver has already lost more than 67% of the value it held at its high point. Does that mean it can&#039;t lose 67% again? Of course not.</p><p><br /></p><p>If I bought $1000 worth of silver near its high -- no, let&#039;s be honest: <i>because</i> I bought $1000 worth of silver near its high <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" /> -- that silver is now worth closer to $350. (I got a little bit of a break when I bought it.)</p><p><br /></p><p>If I bought $1000 worth of silver today, is there any guarantee that I wouldn&#039;t find it worth $350 three or four years from now? Nope. I think it&#039;s <i>unlikely</i> that it would drop that far from its current level, but it&#039;s absolutely a <i>possibility</i>.</p><p><br /></p><p>As for the statistic about 85% of stock investors losing and only 15% winning, I have to say that I find that hard to believe. It&#039;s certainly not <i>hard</i> to lose money on stocks, but if you buy conservatively and sensibly, you get returns from companies&#039; profits and growth. That&#039;s something you don&#039;t get from a simple interest-bearing account or commodity &quot;investment&quot; (speculation), and that&#039;s why in general stock returns over time outpace those other vehicles. Can you provide some more detail about who was saying this, and exactly what they said?[/QUOTE]</p><p><br /></p>

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