Gold & Silver
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Compelling reasons to buy silver
Posted on 18 June 2010 with 2 comments from readers
ArabianMoney accepts all the excellent reasons for buying silver in this nice video. But the danger of another big silver price correction as in the 2008-9 financial crash is too great to buy right now.
We reckon another big crash is coming soon and that will be the ideal point to buy silver at a discount to current prices. Silver may not fall by as much as 2008-9. We hope not: 50 per cent was a very big price swing for holders of this metal. But buying on the dips is going to be a winning strategy going forward into an era of debt monetization and inflation.
Silver has been money since before Roman times and will not only keep its value but has the potential to be the best investment of all time.
2 Comments posted by readers:
I agree completely with the commentaries in this video. In brief, there are no stockpiles of silver anywhere in the world.
The advise of many experts in the silver industry is simple:
“if you don’t own any physical silver, then get some now… even at today’s prices.”
Two years from now, many people will look back at the price of silver in 2010 and say to themselves: “I wish I bought silver at $19 in 2010.”
More Advise:
As one who has bought physical precious metals from a US company called Monex, “I can categorically recommend that you never, ever buy any product from this company, unless you want to be cheated.
Thanks for posting the video! Now, I can connect the faces with the authors I have read for over 5 years!