Silver at $50/ounce was a fluke, just like it was in 1980. You might have to wait 35 years before it ever hits that mark again, and why would you want to take a chance that it may never get there? Silver has a history of doing absolutely nothing for decades--same thing for gold.
If you like coins with precious metals in them, that's one thing. It's quite another to buy metals as investments. I would suggest that it isn't a good idea. I've been watching the market for years now, and I hear rhetoric like what OP spouted all the time. "Buy silver, crash JP Morgan" was one of the things people used to write a few years ago. It's always "If X happens, silver will explode" and somehow this never happens. You would have made so much more money investing in bitcoin or the stock market in the last 7 years than buying gold or silver.
I agree. That is why cryptocurrency investments are way more popular nowadays most especially to traders and investors it is because of the potential huge return due to volatiliy. Though a risky investment but in terms of profits there is no other way to earn big but crypto. This is just my own opinion but I think it really is. Hard to invest in assets that we really have the full control like those stable assets like fiat and precious metals taht which controlled by central banks due to it's centralized system. If you like coins with precious metals in them, that's one thing. It's quite another to buy metals as investments. I would suggest that it isn't a good idea. I've been watching the market for years now, and I hear rhetoric like what OP spouted all the time. "Buy silver, crash JP Morgan" was one of the things people used to write a few years ago. It's always "If X happens, silver will explode" and somehow this never happens. You would have made so much more money investing in bitcoin or the stock market in the last 7 years than buying gold or silver.
