Are any of you buying silver for the long term?

Originally Posted by ScrapGuru

I have been watching silver drop along with all of the other metals I bought some when it was about $17/oz then I got some more when it dropped to $16/oz.

Silver spot is now at 14.83 and I am considering buying some more, I have been buying it from a seller on ebay and it tend to run about 1.50-2.00 over spot and occasionally they will run a sale and its about $1 over spot.

Anyway if it reaches anywhere near its 2011 high of $48 you can triple your investment.



It seems like a good investment its just a matter of when the world economy will improve.

Anyone else buying silver?

What happens if it hits $10/per and stays there for 15 years? Look at a long term (like a 30 year) chart. The breakdown from mid 2012 looks freaking terrible. Once support broke at 20ish....the ounce price could hit 12-10 easy. If you got spare cash to sit on it for maybe decades, you nibble away here and there. Just my opinion but no way I would be paying over spot in this free fall. Your already chasing it down........which is no bueno.