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<p>[QUOTE=&quot;Rono, post: 1990577, member: 6492&quot;]Howdy folks,</p><p><br /></p><p>Never crack $20 is a long time.&nbsp; However, as you mentioned, in the short run it sure doesn&#039;t look like a money making speculation.&nbsp; I say speculation because I view both gold and silver as both an investment and a speculation. </p><p><br /></p><p>I believe everyone should have some small percentage (3-7%) of their wealth in gold and silver bullion - as an investment and viewing them as stores of value.&nbsp; More than this, however, becomes speculation.&nbsp; Speculation is fine but you&#039;re assuming they will appreciate in value.&nbsp;&nbsp; There were times during the great bull run that I had 30-40% of my available funds long the metals in various and sundry ways.&nbsp;&nbsp; This was speculation.&nbsp; I&#039;ve long eliminated those positions and am basically at the investment stage. </p><p><br /></p><p>For some, viewing things in the long run, anything under $20 is a Buy.&nbsp; Geez, I remember when I practiced buying anything under $5.&nbsp; My first tube of ASEs was under $90 including S&amp;H.</p><p><br /></p><p>That said if you did have the stones to speculate in the metals at this moment, consider the gold/XAU ratio is at 14.39 which points to favoring mining stocks over bullion.&nbsp; Also, the gold/silver ratio is ~&nbsp; 1/70 which points to favoring silver over gold.&nbsp; And if you really have the chops, I&#039;d do with penny silver miners.&nbsp; You can find them at <a href="http://www.kitcosilver.com/equities.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.kitcosilver.com/equities.html" rel="nofollow">http://www.kitcosilver.com/equities.html</a> along with the majors. </p><p><br /></p><p>and so it goes,</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>

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