RANDGOLD RESOURCES LTD (GOLD) 83.27 -$0.30 (-0.36%) 07:46PM (15 mins delay)

Silver Prices Are About to Fall

Nov 05, 2009 - 7:30 AM EST

Avery Goodman submits:

Don’t get me wrong. I love silver. As a very long term investment, you cannot find anything better. If you ignore short and medium term volatility, and simply hold your metal for a long term of years, you will probably do okay. The world is running out of silver. The painful part of this "buy and hold" strategy, however, is in watching prices get periodically clobbered.

Another strategy is to keep a “core” long term portfolio, while, at the same time, keeping a non-core or speculative portfolio. In the speculative portfolio you attempt to profit by buying and selling on the price swings. In both cases, you will buy on the lows, but, instead of just holding for years, you buy low and sell high on a regular basis.

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Source: Seeking Alpha (Nov 05, 2009 - 7:30 AM EST)