Well I was correct in getting flamed
I'll answer some questions, but then I'm out of this thread for a while, and will return after the bubble has popped.
1.) What would I rather own, silver or paper currency? How about a third option, and choose neither. If you knew anything about me, you'd know I'm a real estate guy (who does own some passively managed index funds, like VTI). I prefer to own income producing assets as opposed to cash or silver or any other commodity/currency.
2.) Why can't I predict the price of the metal? I already explained this, but I'll say it again. It's a bubble and people are acting irrationally, I can't predict the price movement of an irrational item. Some people who predicted the real estate bubble, admitted they couldn't predict the top (Peter Schiff) I'll go on record with silver and say the same thing. I'm not shorting it because I don't know how high/low it will go. And it could easily double and wipe me out. But it's still just a shiny metal, and holding it for the next 40-50 years is silly. Again, I'd rather invest in income producing assets; as opposed to gambling/speculating, which is what silver is right now.
3.) I was FLAMED when I said real estate was a bubble, and I refused to invest for capital gains, and I just continued basing the price I'd pay on the rent I could get. So I expect to get flamed in this thread again.
Enjoy holding your shiny metal, I'll continue to hold my income producing assets and in 40 years we'll see who did better.