Everything that is bought whose price has a current risk, is speculation. Houses, shares, dollars, art, even tomatoes. Dollars can become less worth. Houses can become less worth. Tulips can become less worth. What's the difference with silver? Few years ago silver was touted as 'best'. All indicators green and the rest lagging. Everybody advised to buy. Yet, it was the worst period to buy. Since, it has been worst. Invert the advice.
Yep, the metal does nothing. It's ones decisions to buy / sell that do. The best, and worst, decisions are made at end of trends. Waiting too long is a cause.
I don't treat silver as an investment, I treat it the same way as I treat gambling in a casino. It is something I enjoy, I wisely choose a small amount of money to commit, if I walk out with something I'm happy, if I walk out in front it's a bonus ( and I can buy myself something nice). The only difference with gambling and silver is that in gambling I can lose everything and walk out empty handed. With silver, even if it goes to $0 I'll still have something to throw at the Mike Maloney types
I checked my silver today and every coin is still there. I thought I saw one sneaking away but it must have been a bird or so. About gambling and silver, the difference is plain simple: with gambling your risk (win / lose) only comes into existence the moment you gamble. With silver, the risk already exists, regardless whether or not you 'play'. The practical difference then is that with silver one can manage risk (by making good decisions), while with gambling, well, you have a chance, and whether your a duck, a moron, a sheep or einstein, the outcome won't be different.
Actually during the last 12 months the stock market dropped by 0.43%, silver rose by 10.22% and gold by 10.99%
See Cheepo, that is a perfect example of how one can draw any conclusion by just selecting the time frame. That is always the thing to watch out for, often advice for one timeframe gets placed into another, with as result that one buys based on some element that is already 'in the market' - thus already altered the price BEFORE you.
