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Will silver receive the same appreciation as gold?

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Earth_First Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-19-06 07:05 PM
Original message
Will silver receive the same appreciation as gold?
Silver seems to be performing fairly well.
Would a few extra dollars per month made in bullion investment be wise?
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AlienGirl Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-19-06 07:18 PM
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1. Not long ago silver rounds were $7.50 each
They are now around $13 each. A person working a crappy job could theoretically have picked up a couple rounds a paycheck and have eleven of them by now.

If you expect the dollar to keep going down and--especially--if you expect oil to continue to get scarcer, buying some bullion whenever you get a chance could be a good thing.

Tucker
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Vinnie From Indy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-19-06 07:47 PM
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2. Warren Buffet seems to think so
If I recall correctly, Berkshire-Hathaway acquired a major position in silver last year.
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DinahMoeHum Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-19-06 07:50 PM
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3. Silver has been known as the "poor man's gold" for centuries
So it can't hurt to spend a "few extra dollars per month".

I say just keep it in your head that this is a "survival" investment and is not for speculation. Look at it as insurance and yourself as your own country having a gold-silver standard.

:shrug:
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