Silver

Thanks for the quote from Robert Kiyosaki's "Increase Your Financial IQ", and the links to the Silver Market series and the SilverSeek article.

SO had some thoughts...

You would probably need to be quite patient, but if you want to hold precious metals, I think silver is a better choice than gold. Bill Fleckenstein is also an advocate of silver (and in fact is a director of one of the big silver miners, Pan American Silver).

and

Gold and silver are both quite small markets and so can be pushed around rather easily. As a result, they tend to be very volatile and difficult to trade. They don't trend well, and so technical signals can easily be misleading. There are "gurus" like this guy, Ted Butler, who make money by telling the faithful what they want to hear. While I might want to own silver for fundamental reasons, I would do that by scaling in over time in a disciplined manner. I wouldn't go in (or out, for that matter) all at once.

In general, I would prefer silver to gold and a modest allocation to it would be a reasonable thing to do. All IMO. --March 16, 2009

I thought it would be nice to add a link to "Fleck" and find that his latest MSN Money blog postings is about Gold! Also, SO is quoting Don Coxe about Chinese purchases of metal.
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