Quote:
Originally Posted by kane
Interesting. I was reading the other day that some experts expect silver and gold to decrease in value over the next few months in a "correction." Do you think something like a short term strengthening of the dollar could lead to this occurring?
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I started buying gold and silver in the late 90's when gold was $250-$280 and silver was $5. I got out to soon (I exited 90% of my holdings over a year ago), because it seemed a bit frothy to me and I was worried a further deflation may not be avoided.
So yes, I think they are vulnerable to a decline (based on the scenario I gave in the other post), but I've been wrong so far and left some money on the table.
I do think in the big picture (3-5 years), the US$ will continue to decline and gold/silver will see more gains. I hope I have a chance to buy them again on the predicted correction you read about.
ETA: I don't expect the hyperinflation that a lot of people are forecasting and I see that as the least likely scenario at this point.
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