These are accurate reports and to be taken in proper perspective. Investing dollars in precious metals is a very sound thing for our day, but I caution serious consideration of what metals to invest in. Silver is not going to be a reliable choice. I have info suggesting that it will be used to get investment dollars form people who think they can't afford gold. Silver prices will soon rise and give the impression of fantastic returns or stability. But when our dallor does collapse silver will fall to fifty percent or less leaving many people losing their retirement and other long term goals (again). But those who were selling silver will have invested their profits and legaly (by political standards) be in the clear.
If I had silver right now I would sell in January and use those earnings to by gold while it is still available. If I had any money to invest right now I would buy gold and when it hits 1600 an oz. I would sell half into kawaity dinar or the yen and keep that in a safe or other secure depository. Then be watching for what comes of our countries currency and overall financial condition to see what is available for the future. I you are well enough off to buy silver now you stand to make very good returns over the next 2 to 3 yrs. selling to investors, but don't get caught up in it to the point that you have it too long.
And be versitale, people will be short on cash and wiling to offer land, houses and other assetts that they stand to loose if they don't get rid of it. The biggest concern I have is the deception that they will use to dupe the people. "Well we know you can't afford gold being over a thousand an oz. But silver is you best bet anyway. You can buy more for less!"
Not true. 1200 dollars of silver is no better than 1200 in gold, but they will put their spin on it and snare alot of people.
There is one thing you can count on today. Gold and silver are going to rise substancially over the next 2 yrs. But gold is the one likely to hold or continue up after the dollar crashes.
Silver is the poor mans gold. That has never changed. My 2 cents. And I'll refrain from "I told you so". Good luck in you investments.
------------- Take care of Soldiers, Show em how its done and do it with em, Run to the Fight & and hold your ground! I die my men go home! If you're a NCO and this ain't you. GET OUT! GOD BLESS AMERICA!
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