Guess I'm not the only one who does not know silver values...
Larry: I don't take position on whether it is a good deal or a bad deal - for anyone other than myself. Even then, I have priorities.
Someone wants your business. So the stock market is going to tank. So the stock market is going to go up. Oh, there is no more land being made, so buy land. Being on social security, I am constantly barraged with offers of free seminars, free lunches, free dinners.
Example. My dad was a sucker for those things. As the excutrix of the estate said, he would always make a purchase after going to a seminar.
or
Example: An older female friend would have me go with her to seminars. Do you know what an REIT is? A group of people put their money together. A manager (who also just happens to be the manager of the property to be purchased and who can chose his friends as suppliers and employees) will buy the building. No, you cannot sell the building. You do not decide when the building will be sold. You will only have an interest in the investment - and it is considered illiquid because no one will want to buy your personal share. So, I watched all the older people chomping at the bit to invest and get 16% (historic, but not guaranteed) rate of return. Not one person ever asks the following: "If I get sick and need the money, how can I get my money out?" You can't unless a flinty eye person figures out the real value of your investment and discounts his offers subtantially. These are the same people who buy timeshares.
If a person thinks the risk of losing money by investing in silver is slight and that it will go up and be able to make a profit, do it. But only, if it is high on your priorities. And, only if you have to the ability to buy.
If I want to buy silver, I get in the car, drive 5 miles to a brick and mortar store, to a licensed business with which I have dealt with for many years. There is no sales tax on like $1500 spent on silver bullion. I don't have to research sellers in a small town or have to look up the bios somehow.