Well…I hate to say that I told you so…but I will 😉 As many of you remember, I was buying Silver a couple of years back (Investing in Silver) and it has turned out to be quite a strong investment!
The question now is, at $50 per ounce, is it time to sell my silver holdings and lock in significant profits?
I have a history of selling at the completely wrong time! Recent Example:
Bought Apple @ $87 per share in about Nov. 2008, and sold it at $175…just to see it rocket to $350 about a year later.
Is silver going to do the same thing to me that Apple stock did?
All the reasons I was buying Silver in 2008 seem to still be in place. For example, our government continues to print money and kill the value of dollars at an alarming rate! And I suspect they will continue to do that, as the best way to pay off down our $15 Trillion of dollar denominated debt is to significantly lower the value of US dollars…which means Silver could keep running up.
Anyways, I’d appreciate the input of the financial wizards who visit this blog, so PLEASE, let me know what you think!