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Gold/Mining/Energy : Silver prices

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To: Raja who wrote (3707)7/19/2001 10:59:06 AM
From: Raja  Read Replies (1) of 8010
 
Here we have an asset that is historically recession-resistant, if not recession-proof. Its price-to-value ratio is off the charts. It is so cheap, you don't even need to leverage it, in order to score big. It is so cheap, the risk has been wrung out. Forget my bullish prognostications for a moment and look at the price range for the past 25 years. Silver is less than a dollar off the low, and $45 below the high, not even bothering to adjust for inflation. How many assets, that can't possibly default or go bankrupt, can you make that statement about? Silver is a great, great buy on its past performance alone. But its inherent value going forward, at this point in history, will offer rewards talked about for decades. Please make sure you are among those in the future, who will celebrate those rewards, because you held real silver.

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