Posted by Dick2 on February 25, 2014 at 09:36:16 from (174.17.226.45):
In Reply to: Buying Silver? posted by DaninKansas on February 25, 2014 at 08:09:20:
I still remember the last silver "boom" when a lot of people jumped in and lost a bundle. A couple of bachelor brothers near the farm bought silver bars when the price was high. They stored them in a safe deposit box at the bank, but when the price of silver fell way down, they took the silver bars home and used them as door stops!
I think that silver has not reached bottom yet, so if you plan to make money on silver, be very careful.
I'm still kicking myself that I didn't buy gold when it was $270 an ounce and sold it again when it hit $1700 an ounce. I told my doctor at the time that he should buy the $270/ounce gold; if he did, he would have made a lot of money.
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