Relative Expectations - Chicago Gold and Silver Investing Fan Blog

Last year, silver did not sky rocket in price as many were hoping for. However, it still rose an impressive 8.2%.

Last fall, a friend of mine talked his friend into buying a stash of gold and silver. At the time of purchase silver was around $34/oz. A few months later it is down to about $30/ounce. Now, that friend is feelign a bit duped because she bought the silver expecting the price to go up not down.

The only thing I can say is that for precious metals, there are up and down swings in a short time period. In this case, it was only? few months.

The long trend however is up. It is hard to believe that when you look at the price of gold from 2012 to 2013 gold was actually up 7% and silver was up 8.2%.

What other investment for the common man made more than those numbers last year? Certainly not a CD or other type of bank deposit.

On January 1, 2013 the silver price was $31.07. A year from now, no one knows what it will be. There are some lik emy friends' friend who will be disappointed she does not make a killing on silver and silver goes up to $40-$50/ounce. Then again, if it goes up ONLY 8% to $33.55/ that may not be really that bad because how many other investments out there can make that much? Gold has risen for 12 years in a row at an average rate of about 16.8% per anunm.

Source: http://neilski.typepad.com/chicago_gold_and_silver_i/2013/01/relative-expectations.html

Espn College Football Eddie Murphy died Suzanne Barr Clint Eastwood speech Maria Montessori clint eastwood Julian Castro