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RE: Silver Is Getting More And More Attention

in #money7 years ago (edited)

It is widely known that the London Gold Fix has artificially kept gold and silver prices down. The reason they have manipulated the market in my estimation and others, is to transition fictitious currency into hard assets like silver. One cautionary tale about silver stacking....There are a lot of people up in years that have been stacking since the 60's that are completely frustrated with their choice to invest in silver. They heard the same things about silver going off the charts in value one day. One day never came. Google "the price of silver in 1964" and it will tell you the adjusted for inflation price is about $14.50. It's going off at $16 an ounce today. That's not enough slide to cover the premiums on either side of a silver settlement making it a break even investment in the span of 50 years. If we keep shadow boxing the dollar apocalypse for a few more decades and one finds themselves in a position where they need to sell for funds it could be an underwhelming investment. I look at metal plays as insurance only. Only buy what you can afford to have stolen.

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Diversity has continuously been a wise decision.