Replies to post #16102 on iShares Silver Trust (SLV)

[Bertsllc]

Long term, that's what I say. Who knows how long they hold the currency up but we can count on it falling one day and ppl holding gold and silver will not be broke as others will. Near future imo

[hotrod34racer]

are you saying, basically, now you can buy at any price, and hold, and make big money?

I can tell you that is true except change the last part to "Not loose all your money"



Cheers Buds \_/

[Thinman13]

It's not about "making big money". It's about the inevitability of economic collapse brought about by destruction of the US dollar. Silver and other hard assets are a parachute, an insurance policy, a life preserver... however you want to look at it. When nearly everyone is penniless because of hyperinflation a little silver and gold will go a long way to helping you and your family survive. A bigger pile of silver and gold will allow you to buy assets like income-producing real estate at pennies on the dollar. I hope I'm wrong though. I would much rather see and live in a healthy economy with sustainable growth and prosperity. I just don't see how it's possible now with federal expenditures exceeding income by 60% year over year and QEternity here to stay.