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<p>[QUOTE="johnmilton, post: 6959161, member: 101855"]If I knew the answer, I'd be buying or selling. </p><p><br /></p><p>The pandemic drove prices for much of 2020 and the beginning of 2021. Now that (we hope) it's winding down, that pressure might be off. </p><p><br /></p><p>The new problem is government spending and how increases in the money supply will cause inflation. Energy prices could be another driving factor. Huge energy price increases drive up the cost of everything. We saw that in the 1970s, and metal prices soared. </p><p><br /></p><p>I generally agree with the concept that every investor should have some gold. The trouble is, it's only a hedge against the worst case scenarios, not a productive investment that will really increase your net worth. If you time the buying and selling perfectly, you can make some money, but show me the person who can do that.</p><p><br /></p><p>My problem with silver is the storage question. It doesn’t take much of it to take up a lot of room, yet you have to have a lot of it to reach only several thousand dollars.</p><p><br /></p><p>I would never buy into to one of these schemes where you pay to own a piece of centrally held pot of precious metals. I guess I don’t trust people. Physical ownership is only way to go in my opinion.</p><p><br /></p><p>I am not giving answers because I don't have the fool proof answers. I am still in the stock market, more than I would like, but there are not a lot of alternatives.[/QUOTE]</p><p><br /></p>
[QUOTE="johnmilton, post: 6959161, member: 101855"]If I knew the answer, I'd be buying or selling. The pandemic drove prices for much of 2020 and the beginning of 2021. Now that (we hope) it's winding down, that pressure might be off. The new problem is government spending and how increases in the money supply will cause inflation. Energy prices could be another driving factor. Huge energy price increases drive up the cost of everything. We saw that in the 1970s, and metal prices soared. I generally agree with the concept that every investor should have some gold. The trouble is, it's only a hedge against the worst case scenarios, not a productive investment that will really increase your net worth. If you time the buying and selling perfectly, you can make some money, but show me the person who can do that. My problem with silver is the storage question. It doesn’t take much of it to take up a lot of room, yet you have to have a lot of it to reach only several thousand dollars. I would never buy into to one of these schemes where you pay to own a piece of centrally held pot of precious metals. I guess I don’t trust people. Physical ownership is only way to go in my opinion. I am not giving answers because I don't have the fool proof answers. I am still in the stock market, more than I would like, but there are not a lot of alternatives.[/QUOTE]
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