Do You Think Now Is A Good Time To Buy Silver

Snowman I will have to disagree 100% on your advice. Nothing in the world is more dangerous at this time than the worthless pieces of paper you have recommended. The 90's are gone and individual counselors who had an ounce of truth and honor about themselves were trying to get the word out in the late 90's that you can only sell worthless pieces of paper for a profit so long before someone MUST take a huge loss. Also I would not recommend anything that sets up a third party to make a living off of your money or creates a papertrail to taxes. It is apparent there are many who cannot see the forest for the trees!
I believe the question is now a good time to buy silver? I sat in a 401K meeting, a couple of years ago, and literally brought our Plan Administrator to his knees concerning gold and silver. He was their begging our employees to put more money into the 401K plan, which was equivalent in my mind to flushing it down a toilet which I would rather have done then and still would do today as at least I would have known where my money went! After 3 years of trying to find out what our 401K plan costs us we finally gave up. The Plan Administrator gets their money up front which could run anywhere from 3% to 8% and in some instances much more. Your stocks, bonds or funds MUST turn that kind of profit for you to break even from just what your administrator took off the top but they don't tell you that now do they? If it were NOT for the American worker and the hoax called the 401K (read the book) the stock market would have crashed when the market collapsed. The 401K's saved the market and kept it solvent enough but you can rest assured the filthy rich lost nothing as they were bailing out ahead of time to buy gold, silver and platinum. It is a fact and if you will do a little homework and jump off of that bandwagon you will find out, both you and your family, will be much better off in charge of your own destiny without paying someone else to loose your money for you. Doesn't it seem odd that all over the world the working man is rushing to put his hard earned money into gold and silver which are HARD assets that can be liquidated almost immediately but here in the states they are still pushing the worthless pieces of paper in an effort to make the rich richer? Guess those CEO's need the millions to retire on after a year or two of work?

Bryan1315 BUY the SILVER. You may not get rich but you would eat any crow doing so either!!! It is stable and precious and even though it may run in cycles at least it is a very safe bet!

Crystalk64. Here are the recent spot prices for silver and 10 year history:

http://www.kitco.com/charts/livesilver.html

Here is a view further back in history:

http://www.intlmetalsgroup.com/gold...ic%20spot%22

Please explain why you feel silver is going to outperform the stock market.

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Originally posted by snowman

Crystalk64. Here are the recent spot prices for silver and 10 year history:

http://www.kitco.com/charts/livesilver.html

Here is a view further back in history:

http://www.intlmetalsgroup.com/gold...ic%20spot%22

Please explain why you feel silver is going to outperform the stock market.

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I don't think the argument (not speaking for her, just my 2 cents) is a matter of out performing, more so, about what one will gain more from when the stuff hits the fan.

Paper vs Gold, Silver, Plat in hand.

Can you spend a stock certificate or silver/gold/plat should the market crash?

My position is simply this...at my age should I decide to put a dollar, ten dollars or thousands back for my later years (should I be so fortunate) the gamble with the stock market is NOT exactly what I would trust my hard earned money to. I also like the fact of total control with my money and NOT paying someone else to make decisions for me. Not if we want to make a 401K or stocks through a broker a little bit more attractive why don't we change the laws so that the plan administrator or broker suffer the same amount of losses across the board as the investor? Your third party has nothing to lose and everything to gain. Silver and Gold for the most part have been very stable and quite frankly I assume we are talking long term investments and not speculative investing for profit only? I don't know how old all of you are but I have seen enough in my lifetime to know who is making the money and how. I stand firm at this time in knowing my extra cash, when I do have it, will be in precious metals and it will be done by myself ALL the time, both buying and selling. I have the need to know in the morning when I get up my money is still there! Yes there are cycles to deal with but there is NO way it will disappear into thin air over night when in all actuallity with stocks someone has your money and they are laughing all the way to the bank!

I can appreciate wanting to keep your assets close at hand when your near retirement. Me? I can't even bank on social security being around when I retire.

My real point was how silver been a poor investment over the past several decades. Historically silver has remained flat. If your adjust for inflation, there are several years in the '90s where silver actually lost money. Past spikes in silver prices have been due to market tampering and not true supply and demand economics. For this reason I am very leery of silver.

Let us say that between 1980 and 1999 gold has been in a 20 years bearmarket mainly because the Central banks were loaning gold to third parties that paid 2% lease rates and sold it immidiately surpressing the price and then put it in a dollar account to get 5% intrest so netting 3% continuously ( averaged figures )

Now the game is up
First the banks do not have much to lease anymore . So in a gentlemensagreement they agreed to limit their goldsales
and on the last agreement they will not even reach the limit anymore since Germany and Switzerland are not selling enough

http://www.khaleejtimes.com/Display...usiness&col=

In theory this gold that is leased will have to be given back
Forget it . If it is ever paid back it will be in paper dollars

I only know my grandfather and grandmother and my mother staid out of the Germans vacation camps due to gold Double Eagles and spend a nice 5 years in the Vichy regime in the south of France no hardship

If you want to take a look at gold since 1980 on this website are some nice graphs

http://www.investmenttools.com/futu...out_gold.htm

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Originally posted by texasmick

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Originally posted by ageka

If you want to take a look at gold since 1980 on this website are some nice graphs

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I'd prefer to see such charts in inflation-adjusted dollars

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The third chart from the top is inflation adjusted
They call it CPI ( consumer price index )