Is Gold/Silver in a Bubble soon to burst?Submitted by tstrong on Thu, 03/01/2012 - 01:43
I'm considering purchasing silver coins, thanks to all those who have given me advice so far. But what is worrying me is this sudden spike in prices. It is obvious that the dollar is being devalued and it has been for some time. But how much of this increase in price reflects the actual value of silver compared to the dollar versus an over inflation of silver due to hysteria of the dollar crashing?
I guess the long and short of it is, should I invest in silver now or wait for the price to trough out and buy later? Obviously we all know to buy low sell high, and just looking at the charts, silver was at $4 dollars and now is at $35. That seems counter intuitive to be buying at such a high level.
Please give me your opinions.