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Re: Buying Silver

  •  Tue, Dec 04 2007, 11:49 PM

    Re: Buying Silver

    I am unclear why someone would buy silver?  Please explain I would love to hear the reasons.  Jeremy J. Siegel has shown in "Stocks for the Long Run." that Gold has done very poorly (and I am assuming silver would have a similar results) over the test of time compared to stocks.  If you took four dollars in 1801 and purchased one dollars ($1) worth of each of these commodities - gold, bond and stock and kept one dollar.  200 years later that $1 in stock would be worth $599,605, the bond would be worth $952, the gold would be worth $0.98 and the remaining dollar would be worth $0.07.

    This example shows that gold (and again I am assuming this) silver act only as hedges to a falling dollar.  If that is your goal, then buy silver, but if your gaol is to become a rich dad or a rich woman I think you should look elsewhere.  I am here to also learn so please your comments would be appreciated.

    Regards 

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