Selling all my investment and retirement funds to buy silver

254 Posts

Well of course the post title isn't true - apologies for the click-bait. ;-)
I listened to an interesting podcast earlier - Rich Dad Radio Show. It's a US based show. I've heard a few before and don't really agree with the host's opinions on investing and finance. However, he does discuss some interesting topics.
The latest show focussed on how the global economy is imploding (which he always bangs on about) and that money is decreasing in value so much due to QE and inflation. Silver is an asset that everyone can afford but very few invest in. It is undervalued and one day (whenever that is!), it will be a heavily increasing asset. Unlike gold, silver is useful in industry and is relied on for the manufacture of many products.
I know that some people here do like the idea of diversifying in gold and silver - as a small percentage of one's portfolio - but just wondered what opinions would be on this argument about silver being the "asset of tomorrow". Personally, it seems like silver has never been the hedge that gold can be, so why would anything change....or has it. I don't keep up with the price of silver and gold, but I never hear people debate about diversifying into silver; it's always gold.
Maybe I'll revisit this post in 10 years and wish I'd done what the discussion title says!
I listened to an interesting podcast earlier - Rich Dad Radio Show. It's a US based show. I've heard a few before and don't really agree with the host's opinions on investing and finance. However, he does discuss some interesting topics.
The latest show focussed on how the global economy is imploding (which he always bangs on about) and that money is decreasing in value so much due to QE and inflation. Silver is an asset that everyone can afford but very few invest in. It is undervalued and one day (whenever that is!), it will be a heavily increasing asset. Unlike gold, silver is useful in industry and is relied on for the manufacture of many products.
I know that some people here do like the idea of diversifying in gold and silver - as a small percentage of one's portfolio - but just wondered what opinions would be on this argument about silver being the "asset of tomorrow". Personally, it seems like silver has never been the hedge that gold can be, so why would anything change....or has it. I don't keep up with the price of silver and gold, but I never hear people debate about diversifying into silver; it's always gold.
Maybe I'll revisit this post in 10 years and wish I'd done what the discussion title says!
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https://capital.com/gold-price-forecast-next-5-years
Probably lots of other analysts with differing views though, so who knows!!??
Looking at the price today, it's up very marginally on the price it was then. And in the meantime he has incurred 10 years of insurance costs and foregone 10 years of dividends and retained earnings.
Of course who knows what the next 10 will bring but this maybe gives a bit of perspective. "Investing" in any non-productive asset should probably be approached with caution - it may go up and it may go down but it won't earn you anything in the meantime.
Yes you can do that if the markets move in the direction that you seem convinced that they will.
However if you are wrong, you could find yourself with your gold/silver down 25%, and missing the boat of any stock market recovery.
Now thinking I should perhaps take a punt and add some more gold to my Royal Mint digigold a/c !!