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Message:: [QUOTE="GDJMSP, post: 7220, member: 112"]I'd like to ask a question - what will the folks who buy any of the precious metals available at current prices do when the prices drop back to previous levels ? And if you think they won't drop back - think again - they will. Consider this - for every transaction there are two sides - the buyer & the seller. So for all the silver, gold & platinum sold at prices of $8 - $425 - $900 - there was another person paying that price. Now look at the current prices. What happened to the people who bought at those high prices ? They lost big time is what happened. And those buying at the current prices will likely lose big time as well. Unless they hold onto what they buy for the next 5 or 10 years - perhaps longer. Look up the term investing in the dictionary. The time frame usually involved when one is investing encompasses years - usually many years. Sometimes very many years. Then consider the past - for the past often tells what is likely to happen in the future. The precious metals market is no different than any other market. The coin market, the stock market, the commodities market - they are all the same. They go up - they go down. They run in cycles - it is inevitable. And those who buy when the cycle is moving down almost always lose. There is no easy way to make money by investing. If there was - we'd all be rich. But we're not. Investing effectively requires a great deal of knowledge & experience. That's why we have those folks called investment advisers who have studied such things for many years and are required by the government to be licensed to ply their trade. But most of all investing requires time - a great deal of time. And it also requires disposable income - money you can afford to to lose. For more often than not - when investing without the benefit of experience - you lose.[/QUOTE]

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