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<p>[QUOTE=&quot;Cloudsweeper99, post: 423356, member: 3011&quot;]I&#039;m sure that a few people bought silver back in 1980 at $40+, but that&#039;s really irrelevant to today.&nbsp; They purchased it during the final phase of a blow-off.&nbsp; If you want to avoid having this happen to you, make sure you don&#039;t buy any silver once the price begins to move up several dollars per day for a few weeks.&nbsp; We aren&#039;t in that situation.</p><p><br /></p><p>Your cost basis is also irrelevant to the buy/sell decision.&nbsp; It doesn&#039;t matter whether you bought at $5 or $20.&nbsp; What matters is the probability of gain vs the probability of loss from this point on.&nbsp; I think it is more likely to be higher than lower a few years from now.&nbsp; Everyone will have to make that determination for themselves.</p><p><br /></p><p>That said, silver is still pretty cheap on an inflation adjusted basis, probably equal to about $3-$4 in late 70s purchasing power.[/QUOTE]</p><p><br /></p>

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