Why should i invest in SLV and GLD stocks?

Question

Why should i invest in SLV and GLD stocks?

Answer 1

I'm going to say you shouldn't right now. Gold and silver are at all time highs and will likely lose value.

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Answer 2

The first answer you received...the guy has no clue what he's talking about. First of all, yes, gold is relatively high. It peaked in March of this year around $1030/oz. and closed today at $928/oz.. It's previous high before this current run was in Jan. 1980 when it reached $850/oz.. Silver, on the other hand is nowhere near the high it reached back then around $50. It's only about $18/oz. now. The important thing to keep in mind is that even with gold at $1000/oz. it's still not close to the 1980 high when considering inflation. It would need to get up to around $2500 at least to be comparable to $850 in 1980.

Investing in gold and silver now is one of the best if not the best investment out there. I could give you a dozen reasons but I suggest you check out the articles on www.kitco.com instead. Those guys are the real experts and they've been right.