Time To Buy Silver?

"This is the best advice anyone can be given. When you put all your eggs in one basket youre asking for trouble if youre wrong. When you hedge your bets in multiple areas if one fails you still have the others. Unless youre really bad at investing its unlikely you will fail on all fronts"

It all depends on what your liquidity needs are. Gold is a reserve asset, not an investment. As such it is accumulated and usually not sold and simply passed on. When people look at is an investment, they tend to get disappointed because your returns are 100% perception based, as there is no intrinsic return or value.

I bought quite a bit of gold from 2007 through 2009. Most of it was sold from 2010 through 2012. I averaged around a 30% ROI. Most of that was luck really, I made about $15k which is not a huge amount but was a significant gain.

If and when gold and silver return to 2009 levels of $1000 and $16 respectively, I'll be buying again.

The price for over 10 years have been determined by the Paper trade. There have been a few of us that have pointed out time and again the clear disconnect between the paper market and the physical market. The Spot price is based on the Paper market. Although bullion and coins are the highest profile segment of the Silver Market, they account for less than 9% of the market. We look at the supply and demand of Silver in our market segment and apply that to the industrial market. They are two different price points, as well as different sources of supply and demand.

If the ETF market goes down( and they are recording outflows of about 5 percent, in the last 60 days) then the spot price will go down. Remember the markets are intentionally rigged so that the Paper Spot price determines the price point in the physical market. Not the other way around.

The "BIG BOYS", in the bullion market are recording market losses of 40%, year over year. They are already starting to dump stock and "streamline" their inventory.

If they market looks "done and overdone, and boring" then the Paper guys will move to the next thing to make them money. At that point it will probably go down to the 2007 levels.