/biz/ - Business & Finance

>>50047786
Keep in mind that you have no idea who's giving "advice" on an anonymous forum. Actually following advice here can easily lead to disaster. My personal views are that the economy is not doing badly at all. Inflation is mostly due to fuel and shipping companies taking advantage of global confusion (bolstered by some harsh but specific irregularities) and fear in the world to jack up the prices. This is borne out in the profit reports. This is unchecked capitalism doing what it's supposed to do. Frankly, fossil fuel companies have been exceptionally good about keeping prices down for a century. The fact we're willing (need) to pay these high prices is proof they could have charged more all along. Not that alternatives are growing, I see this as a last grab at the cash.
Then we have the conflict between two schools of thought here:
1) We're running out of silver and its demand is rising, therefore its price will "moon."
2) Silver is a store of wealth, and its price will rise with inflation but retain purchasing power.
3) We're at End of Days, and silver and gold will be the only currency. However, radical Christfags believe this and seem to be working towards making it happen.

The industry is using more silver, but the price will rise slowly because we won't have a sudden realization that the proverbial well has run dry. It will be harder to extract the stuff and we'll see the price rise gradually. In the meantime there will be fluctuations.
Silver might be a store of wealth, but only over very long periods of time. You will not make money buying and selling it in the short term.
The collapse of global economies is just silly.

Tl;dr: Buy in moderation things made of silver and gold. There's no hurry. Buy stuff that you think will appreciate because of more than the metal itself - art, meme popularity, numismatic value... Then you won't care nearly as much when the prices drop.