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Ask Dave

Investing In Silver

Dave tells Mark that investing in silver is like playing blackjack…not good.

QUESTION: Mark asks about silver as an investment, since he was talked into it. It’s worth $7,900 and he doesn’t know if he should keep it. He makes $50,000 a year. Dave tells him why playing with silver is like playing blackjack ... not good.

ANSWER: When you play precious metals, you are gambling with about the same odds as playing a blackjack hand. You are not investing … you are speculating. This thing can go south on you in a hurry. This is gambling, and I would get out of it.