Discussion in 'Current Events' started by Patrick2, Aug 5, 2011.
Physical silver? ETFs?
Been buying Physical, for ten years, would NOT trust anything you cant hold in your hand
I would be if I could afford it.
These are uncertain times for the USD calling for one to take some defensive positions.
Had I had the courage of my economic convictions (and the right to risk the capital that I control but do not own) Rosetta would be a much better cash position today than it currently is.
I'd have bought futures at least three time in the last ten years, and enjoyed enormous profits at least three times, too.
Woulda coulda shoulda, eh?
But even if one is not interested in gaming the market and merely wants to protect wealth, I think it not unwise for those who can afford it, to own at least some precious metal.
Silver closed around $40 yesterday.
That doesn't strike me as too high a price given the current state of uncertainty.
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