lol

Silver is NOT an investment.

Be honest people. You're not buying silver to make money.

You're buying it as an insurance policy, or because you like the look and feel of it, or you think its got therapeutic properties. That's fine, and I'm 100% in support of anyone who honestly buys it with that attitude

Tell me you're diversifying into silver in case tthere's a run on your bank, and I can fully support that

But the church of silver tards who say price doesn't matter, yet obsess over every $2 move in the futures price make me laugh

The biggest upward move in silver is in its past.

Silver is not going to $200 or $1000 an ounce, nor is gold going to $10,000 an ounce, any more than the stock market is going to 30,000, or oil is going to $200 barrel, or any other ridiculous statement amateur retail like to make

The world is fast approaching a global depression. Precious metals are a hedge against inflation, not deflation. In a deflationary scenario they fall like a rock

Has anyone who claims to be a trader looked at the charts of silver and gold during the fall of 2008?

Kinda kinda like a waterfall plunge, huh....

How come precious metals weren't a hedge against a collapsing market then? How come they fell as fast as everything else?

Guess what, they will perform exactly the same way today

Worse, as money and credit deflate, individuals and governments will sell what they have of value to cover debts.

India, the world's largest consumer of gold, is in a deep recession, and as China and Europe have hard landings, they will fall even more. People sell what they can when times get hard, and that includes their gold and silver

Sure real assets will have more value than paper ones, but ALL assets will drop in value, precious or otherwise

You think silver will protect you against a Mad Max apocalypse? Even if you're right, you better have a ton of guns and ammos in that case, because the moment the other zombies find out you have silver, your house will be firebombed and you and your loved ones stalked until they find your stash.

Just read the sad stories of hundreds of Greeks who withdrew their life savings from banks in recent weeks, only to be robbed of everything within 2 days as newly formed bands of robbers looted their homes of every single thing of value.

In that scenario, everything is worth only what other people have the money to pay for, no matter what you think its worth. If the very rich have been wiped out as you believe, because of economic collapse, and the poor made poorer, and governments are insolvent, who exactly will be buying silver at even $50, let alone $100, $500 or $1000 an ounce?

But I'm sure this post will be ignored or attacked, so carry on...take out a loan on your homes and hoard precious metals if it makes you feel better about the scary monsters under the bed