Wednesday, March 19, 2008

Silver Falls Today

Silver fell over $1.00 today in what I would call a minor market correction. I still believe that the price of silver will rise significantly over the course of the next 3-5 years. I see this as a temporary opportunity to purchase more silver at a cheaper price. If one were to ask when they would sell their silver, I would say wait until it is at least 7-10 times what it is now as I believe it will no doubt hit that before it levels out. Silver is very very underpriced compared to gold and there will need to be a correction to balance this out. Gold is not going to fall enough to make that correction, therefore, silver will have to rise in value significantly before things are once again balanced. This is a terrific investment opportunity and I encourage people to jump on it. Also, keep up with the penny hoarding, as I can promise you 100% that you will not lose money with it, there is no possible way to.