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<p>[QUOTE=&quot;Phil Ham, post: 2079185, member: 5787&quot;]I was providing my opinion in 2012 on the price of silver. If I do recall, it did go over $40 and nearly to $50 and then came back to earth from the gravity of things.&nbsp; I do own silver in coins and ETF&#039;s but I wasn&#039;t buying silver ETF&#039;s on its way up, however I have been buying them on the way down.&nbsp; I bought some at $23, some at $18, and some at $15.&nbsp; I&#039;ve become a longer term investor and using an income averaging strategy.&nbsp; As only 5% of my portfolio is in silver ETF&#039;s, I&#039;m willing to wait it out.&nbsp; If I can eventually scratch out a 5% return on it, I&#039;ll be happy.&nbsp; As coins are my hobby, I&#039;m doing that part of it for the fun of it all.&nbsp; As a general note, I do not trust anything that I read on the potential for precious metals.&nbsp; I&#039;m buying now because it feels low to me.&nbsp; I bought heavily into the US stock market in 2008-2012 because that felt low to me.&nbsp; I bought into real estate ETF&#039;s from 2010-2012 because that felt low to me.&nbsp; I&#039;ve been buying heavily into Europe stocks for the past two years because that feels low to me.&nbsp; I&#039;m betting that I&#039;ll be right more than I&#039;m wrong.&nbsp; It has worked for the past 30 years and I don&#039;t see any reason while I won&#039;t continue to work for the next 30.[/QUOTE]</p><p><br /></p>

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