Comment: The first and only mistake in buying silver or gold,

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The first and only mistake in buying silver or gold,

is buying it when you expect to "make money" on it. You buy gold and silver to sit on, and if the SHTF, then you have it when it is needed the most. If you buy it thinking you will make a killing in the next year, five years, or ten years, then you bought it for the wrong reasons. It should be put up somewhere very safe, or even hidden. You shouldn't see that silver unless you are adding to the collection or you are using it to get necessities for a SHTF scenario. OR of course if the actual S has already hit the F. Silver is not a 401k plan when you buy it, but it may be the ONLY plan at some point. The government can and will take your IRA's and your 401k accounts at some point. They can't take your silver unless you give it to them.