Seeking Alpha

Silver, currently $49.14/oz., looks set to take its 3rd stab at $50 this week. Previous attempts...

Silver, currently $49.14/oz., looks set to take its 3rd stab at $50 this week. Previous attempts on Monday and yesterday were met with dramatic reversals. Gold hits another all-time high, $1,538/oz. Premarket: SLV +1.25%.
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Comments (2)
  • The Geoffster
    , contributor
    Comments (4136) | Send Message
     
    Silver priced in dollars is still a buy, but only if you take physical possession and plan to hold.
    29 Apr 2011, 08:49 AM Reply Like
  • kmi
    , contributor
    Comments (4313) | Send Message
     
    Physical possession is good if you think fiat currencies will collapse completely...

     

    I think many/most folks prefer the liquidity of the markets, not to mention PMs will drop in the event of a global economic collapse just like everything else.

     

    I like silver and gold but I don't think it's the only dollar hedge one should hold.
    29 Apr 2011, 10:28 AM Reply Like
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