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What if silver plummeted down to $15oz, would you be ready?
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<p>[QUOTE="Bart9349, post: 1174729, member: 5682"]Some people actually bought gold bullion in the late 90's and early 2000's. Large amounts of gold bullion can be easily stored in a safety deposit box.</p><p><br /></p><p>Buying an equivalent amount of silver bullion would be too cumbersome. The silver ETFs (exchange traded funds traded on the stock exchange) didn't gain popularity till after 2006.</p><p><br /></p><p>Gold is a better hedge on inflation and is less likely to be manipulated by large investors to the detriment of the small (usually novice) investor.</p><p><br /></p><p>Do you really think that gold could drop from $1500 to $1100 (less than the relative drop in silver) in a couple weeks? I don't know anyone who thinks gold will plummet, but several savvy investors had bet that silver would collapse.</p><p><br /></p><p><br /></p><p>g.[/QUOTE]</p><p><br /></p>
[QUOTE="Bart9349, post: 1174729, member: 5682"]Some people actually bought gold bullion in the late 90's and early 2000's. Large amounts of gold bullion can be easily stored in a safety deposit box. Buying an equivalent amount of silver bullion would be too cumbersome. The silver ETFs (exchange traded funds traded on the stock exchange) didn't gain popularity till after 2006. Gold is a better hedge on inflation and is less likely to be manipulated by large investors to the detriment of the small (usually novice) investor. Do you really think that gold could drop from $1500 to $1100 (less than the relative drop in silver) in a couple weeks? I don't know anyone who thinks gold will plummet, but several savvy investors had bet that silver would collapse. g.[/QUOTE]
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What if silver plummeted down to $15oz, would you be ready?
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