Quote:
Originally Posted by Biggd
My mother had a 12 piece silverware set that I inherited. Growing up she would always tell me it was worth 20K so I kept it for years thinking it would go up in value. About 8 or 9 years ago silver was at a high so I figured it was time to sell. I couldn't get anyone interested in this beautiful silverware set as is, so I sold it for what silver was paying per ounce, I got $7500 and it hasn't gone anywhere near that high since, just sayin!.
I see predictions saying it could go to $100 per ounce but it's never seen $50 so that's highly unlikely. Sorry if I didn't answer your question.
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You answered the more important question--silver is a high risk asset. It should not be a large % of anyone's portfolio (unless they are a professional)