Expert: Dr. Joseph de Beauchamp - 4/24/2007

Question

I purchases $8,000 worth of Silver bullion in early 80's. The price at the time was $6.29 oz. Currently the price is  at $14 oz. Everything I read is saying that because of a growing demand and lack of resources my silver value will sky rocket.
I hope it's true but would like your opinion. Should I sell some of it now? Is waiting for $38.00 oz reasonable or stupid? I don't mind holding longer if the value is going to be worth the wait.
I cannot find anything that says Silver will crash like it did in the 90'S. What would you do?

Answer
I sold all my gold and silver after waiting 20 years. I now realize that this was not a good investment. I would have made more in US Saving Bonds. I took my money and put it into US Saving Bonds, which have out performed most investments over the long pull. Even the stock market has made only a 2.6% return average since 1900. Only the last ten years has been good for the market.

I am probably not the right person to ask if you should hold a non-income producing investment, because I traded out for safety of US Savings Bonds.

Dr. Joseph de Beauchamp