Say you have 1000 ounces of silver purchased at 20 bucks per ounce and sold 1000 ounces in 4 years time when/if silver reached 30 bucks per ounce, that would mean when you sold your silver you made 10000 dollars more in 4 year's. Within that 4 year's you would of made 3600 bucks in a bank.
What would happen if all that's left by then is Bartertown, Aunty Entity is in charge, MasterBlaster is running Underworld and Mad Max just got run out of town, tied up and facing backwards on a horse? You might wish you still had your silver...
Put yours money in the bank and you will get compound interests, but put silver in SDB you will get nothing. Does that make sense? As long the govt. don't takes $$ after four years. As yours silver quantity from beginning will be still the same as the day you took out after 4 years.
Ya but the compound interest in 4 years would be 3.600 bucks thats on 5% interest rate, where in 4 years you could easily have silver up by 10 bucks, its happened before and could happen again
The way I see it is if you have 1000 ounces and you bought it at 20 bucks and it increased by 1 dollar, you've just made 1000 bucks something the bank would take a year to give to you. Last time we saw silver drop below 20 aud was around 2010.
I don't know if I'm missing something but where do you get interest rates like that? My banks saving account has almost zero return interest I don't know much about this stuff where do I put my money that has 5% compound interest rate as mentioned?
You probably already answer yours own question @ OP. You are a very confident person. But then who are you selling yours metals to?
