Where is the price of Silver going?

[billt]

Here are some good reasons to stay away from gold and silver for the present time.

http://www.fool.com/investing/general/2011/02/18/the-shocking-truth-behind-the-gold-bubble.aspx

http://money.cnn.com/2011/01/10/pf/investing/investing_in_gold.moneymag/index.htm

http://www.businessinsider.com/reasons-why-the-gold-bubble-will-burst-2010-10

http://www.investorplace.com/38023/gold-prices-bubble-investing-gld-etf/

http://m.ibtimes.com/silver-bubble-burst-143027.html

http://online.barrons.com/article/SB50001424052970204261904576242884254621982.html

It's not so much it's a "bad" investment, as it is a drastically overpriced one. At least for now. A lot of gold and silver brokerage houses are playing it up with TV ads telling you how "worthless" American currency is, and how quickly it is losing it's value. That, along with a high debt is being used to spread a lot of false panic. The fact of the matter is you shouldn't have more than 10% of your investments in gold and silver because for the most part it's dead money. It is an insurance of sorts, and if you are over insured it becomes a waste of money. In another 6 months or less you'll be able to pick this stuff up a lot cheaper. 3 coin shops within 10 minutes of my house have closed up because numismatists are holding off adding to their collections because of the over inflated prices. A lot of lookers, but no buyers.   Bill T.