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<p>[QUOTE="postalx, post: 601904, member: 18345"]I wouldn't be in a rush here for a couple of reasons: The CA$ is a much more stable currency than the USD at this point in history, and will probably appreciate against the USD. Secondly, silver prices are significantly more volatile than gold; so buy the dips.</p><p><br /></p><p>That being said, go for the silver. Huge upside potential. Affordable in small lots. You hear a lot about how silver is primarily an industrial metal, disconnected from monetary value. What they don't say is that 95% of all the silver ever mined has been consumed by use, while gold never goes away.</p><p><br /></p><p>And silver's use industrially is growing steadily, most significantly in the solar energy arena, while the stockpiles of metal dwindle. It's only now becoming cost effective at $15/ oz. to mine and refine the stuff and there is a significant time lag before it hits the market in usable form.</p><p><br /></p><p>It is my personal opinion that a year or two from now, we are going to be looking back fondly at the time when it "was only $15/ oz." and kick ourselves for not taking a more substantial position in this irreplaceable metal.</p><p><br /></p><p>You may also want to take a position in the major silver miners, SSRI, PAAS and SLW, all of which are on a tear. And remember, when Phase III metal mania hits shortly, it's "good for bullion, better for miners, but best for numismatic rarities". Good luck! :eating:[/QUOTE]</p><p><br /></p>
[QUOTE="postalx, post: 601904, member: 18345"]I wouldn't be in a rush here for a couple of reasons: The CA$ is a much more stable currency than the USD at this point in history, and will probably appreciate against the USD. Secondly, silver prices are significantly more volatile than gold; so buy the dips. That being said, go for the silver. Huge upside potential. Affordable in small lots. You hear a lot about how silver is primarily an industrial metal, disconnected from monetary value. What they don't say is that 95% of all the silver ever mined has been consumed by use, while gold never goes away. And silver's use industrially is growing steadily, most significantly in the solar energy arena, while the stockpiles of metal dwindle. It's only now becoming cost effective at $15/ oz. to mine and refine the stuff and there is a significant time lag before it hits the market in usable form. It is my personal opinion that a year or two from now, we are going to be looking back fondly at the time when it "was only $15/ oz." and kick ourselves for not taking a more substantial position in this irreplaceable metal. You may also want to take a position in the major silver miners, SSRI, PAAS and SLW, all of which are on a tear. And remember, when Phase III metal mania hits shortly, it's "good for bullion, better for miners, but best for numismatic rarities". Good luck! :eating:[/QUOTE]
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