Message:

<p>[QUOTE=&quot;krispy, post: 933375, member: 19065&quot;]I did the opposite a few years back, silver into gold. It really helped with pulling my SDB off the shelf (it was heavy) as storage was becoming problematic. What you propose to do depends on your own mindset and personal goals that you haven&#039;t really stated. </p><p><br /></p><p>How long do you hope to hold the silver? Going into this do you know your ideal sell price and can you hold out until that time? Why not hold the gold instead of trading it for silver, and buy only silver with other cash reserves to acquire a position in that metal. (I wouldn&#039;t go all one or the other metal, gold is also speculated to rise significantly and silver is particularly volatile when it moves.) Can you handle the volatility of silver and if you trade your gold for silver can you live with your decision to be left holding silver if it under performs and gold instead performs better? Do you have the storage space? </p><p><br /></p><p>Regarding the industrial use of silver, gold also has industrial uses, as do platinum, palladium and other exotic PMs. People often cite this about silver but don&#039;t realize that investment in the metal itself may not really be the ideal form of investment based on silver&#039;s industrial uses. It would be prudent to investigate companies that create products, technologies, bio-tech/nano-tech and pharmaceutical products for instance that use chemical forms of silver and perhaps invest in company stock rather than physical metals to take advantage of some of silver&#039;s industrial uses and potential investment profit if successful.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in