Perhaps other people have posted this before (I didn't check every post on this thread of 17+ pages) but I want to make the best point I can, in hopes that people will hear it.
It is always a good idea to trade paper Federal Reserve notes for something of intrinsic value, especially something that has just dropped in price. Silver, gold, food, stock commodities, guns, oil, whatever you have been following and know to be a good store of value.
It is foolish to make exact price predictions for a specific time frame (i.e. 125 dollar silver in 90 days) because people will use your prediction as a basis for falsely arguing that silver is a "bad investment" when the price has dropped from an earlier high (which is often a good time to buy it). Wise investors research something themselves before putting a huge portion of their money into it, only fools will throw all their wealth into something solely on the basis of extreme predictions and get-rich-quick hype.
I own physical silver. I put much of my savings into it over the past 3 years along with any excess money I had from time to time. I followed the market price and bought on the dips, and have already sold most of what I bought already, at 15-30% profit each time. Yes, if I cashed out all my savings at the end of 2008 and put it ALL into silver at once I would have made triple or even double it's value by now. But I was cautious and got into the market slowly and deliberately. I didn't get burnt like people I know who "followed the hype" in 1980 and 2007 did. I still made a good amount of money that got me this far, even through periods of very tight budgets.
Those who miss the main point of what I'm saying and pick it apart by focusing on what I could have done better, are fools for not thinking about what they can decide today, now, for the future.
Isn't it better to see that paper Federal Reserve notes will certainly lose value over the next year or two and find something else to own, rather than to argue over the exact price of something at a certain point in the near future and push people away from something of intrinsic value?
