from Seeking Alpha:
Silver prices have corrected meaningfully after peaking out at near USD50 levels. A correction of over 20% is generally considered bearish and can weaken investors’ interest in the metal. If investors consider the long-term picture, silver has given returns of 584% in the last ten years.
This article discusses the reasons for believing that silver can produce another decade of over 500% returns. In line with this expectation, investors can consider fresh exposure to the precious metal on every weakness.
Before discussing the industry specific factors which are bullish for silver, I would focus on the current macro-economic scenario and its impact on the precious metal. The global economy (especially the developed markets) is in a phase of prolonged sluggish economic growth. GDP growth has been volatile since 2007, and recession seems very likely for the U.S. without government support. Further, the eurozone is already in a recession. This scenario necessitates continued expansionary monetary policies by Central bankers globally, and is positive for hard assets like gold and silver.
If you bought silver in 1980 at $50 you have lost 40%
of your money. If you bought gold in 1980 at $800
you have doubled your money.
AND,
If you bought silver in 2011 at $50 you have lost 40%
of your money. If you bought gold at $1900 in 2011
you have lost 13% of your money.
I purchased Silver in 2006 at $9.80 and I’m up over 200% at the momment.
Plus never forget the vision that when paper has 0 value,then how much value do you think your real physical silver will be worth?happy New Year!!!
Frank lives in LA and buys real estate there…we’ll see how that one works out.
without even being there.
The Real Estate Market is dead for the rest of our lives,anyway.The Boomers drove the equity for the last 70 years.It’s done with, that generation downsizing.Buy a house to live in, not to retire on the equity.