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Anyone invest in Gold or Silver?

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For those that do buy are you doing it as an investment or as a safety measure?

For those that do buy are you doing it as an investment or as a safety measure?

 

For me it's an investment.

 

I have about 16% of my portfolio in silver.

 

56% in a mutual fund and 28% in stocks

For me it's an investment.

 

I have about 16% of my portfolio in silver.

 

56% in a mutual fund and 28% in stocks

 

How do the returns compare?

How do the returns compare?

 

Currently I've lost money in silver. Not exactly sure how much. I did silver coins. I started investing earlier this year.

 

I've made about $400 on the mutual fund and about $50 on the stocks. All my investing started around August. Between the stocks and mutual fund I'm up 3%

Gold dropped 2% and silver dropped 6% yesterday. The crisis in Europe is helping the dollar and putting pressure on commodities like gold and silver.

Silver has been on a nice little run the past couple days after finishing out 2011 very poorly. Back above 31/oz right now. Hopefully some of the price predictions I have seen come true this year.

Silver has been on a nice little run the past couple days after finishing out 2011 very poorly. Back above 31/oz right now. Hopefully some of the price predictions I have seen come true this year.

 

What price predictions have you seen? For gold, I saw one brokerage firm with a target of $2,000/ounce. That would be a nice 20% return from today's price.

What price predictions have you seen? For gold, I saw one brokerage firm with a target of $2,000/ounce. That would be a nice 20% return from today's price.

 

Most things I've read has silver getting up to 50-60/oz in the next year or so.

Most things I've read has silver getting up to 50-60/oz in the next year or so.

 

And silver is currently at ...

Silver just keeps going up today. 32/oz now. Up 1.5/oz just today.

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