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The Water Cooler
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Investing In Silver
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<blockquote data-quote="securitysix" data-source="post: 2824359" data-attributes="member: 32714"><p>Again, yes and no. Yes, the net worth of your portfolio has gone down. </p><p></p><p>But many people (myself included) don't buy precious metals with the intent to sell them for a profit. Some people buy precious metals as a store of value.</p><p></p><p>If I go out and buy ten ounces silver at $15/ounce, I have 150 fewer US dollars, but I have 25 ounces of silver. </p><p></p><p>If I go out and buy ten ounces silver at $25/ounce, I have 250 fewer US dollars, but I have 25 ounces of silver. </p><p></p><p>Whether the price of silver goes up or down, that 25 ounces of silver is always going to be 25 ounces of silver.</p><p></p><p>The value of the dollar can (and will) fluctuate, but an ounce of silver will always be an ounce of silver. If the price of silver goes up, that's a sign that the value of the dollar has gone down. If the price of silver goes down, then that is a sign that the value of the dollar has gone up. Same with any other precious metal.</p><p></p><p>That's not to say that there aren't other factors that can and do affect the price of precious metals (supply and demand, speculation, etc.), but they still act as a base store of value.</p></blockquote><p></p>
[QUOTE="securitysix, post: 2824359, member: 32714"] Again, yes and no. Yes, the net worth of your portfolio has gone down. But many people (myself included) don't buy precious metals with the intent to sell them for a profit. Some people buy precious metals as a store of value. If I go out and buy ten ounces silver at $15/ounce, I have 150 fewer US dollars, but I have 25 ounces of silver. If I go out and buy ten ounces silver at $25/ounce, I have 250 fewer US dollars, but I have 25 ounces of silver. Whether the price of silver goes up or down, that 25 ounces of silver is always going to be 25 ounces of silver. The value of the dollar can (and will) fluctuate, but an ounce of silver will always be an ounce of silver. If the price of silver goes up, that's a sign that the value of the dollar has gone down. If the price of silver goes down, then that is a sign that the value of the dollar has gone up. Same with any other precious metal. That's not to say that there aren't other factors that can and do affect the price of precious metals (supply and demand, speculation, etc.), but they still act as a base store of value. [/QUOTE]
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