The problem, at least for me, is the price has reached a point where I cannot afford my normal monthly Eagle buy. I do not own enough to make a real killing and want to hold what I do have for another 20 years, then take one heck of a vacation. I still want to buy but not at $630....I will have to buy silver, though I do not believe silver has as much room for growth.
Think of a zillion other people in your exact position, and IMO you'll see that silver is far more undervalued than gold.
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| Contract Name | Symbol | Months | Tick Size | Trading Unit | Min Fluc | Init Margin | Maint Margin |
| Aluminum | AL | All 12 | $0.0005 per pound | 44,000 pounds of aluminum | (.05¢) per pound | $1,500 | $1,500 |
| Gold | GC | All 12 | $.10/oz. = $10.00 | 100 troy ounces | 10 pts=$10 | $2,362 | $1,750 |
| Copper High Grade | HG | All 12 | 0.05 ¢/lb. = $12.50 | 25,000 pounds | 5 pts=$12.50 | $3,038 | $2,250 |
| Palladium | PA | All 12 | $0.05 (5 cents) per troy ounce ($5 per contract) | 100 troy ounces | 5 pts=$5 | $2,700 | $2,000 |
| Platinum | PL | All 12 | $0.10 (10 cents) per troy ounce, $5 per contract | 50 troy ounces | 10 pts=$5 | $2,700 | $2,000 |
| Silver | SI | All 12 | $.001/oz. = $5.00 | 5,000 troy ounces | 50 pts=$25 | $3,038 | $2,250 |
| NY Mini Gold | YG | All 12 | 10 cent/fine troy oz | 33.2 fine troy oz. | 10 cent/fine troy oz | $338 | $250 |
| NY Mini Silver | YI | All 12 | $.001/troy oz. | 1,000 troy ounces. | $.001/troy oz. | $459 | $340 |
| 100 oz Gold Futures | ZG | All 12 | 10 cent/fine troy oz | 100 fine troy ounces | 10 cent/fine troy oz | $1,822 | $1,350 |
| 5,000 oz Silver | ZI | All 12 | $.001 per troy ounce | 5,000 fine troy ounces | $.001 per troy ounce | $1,822 | $1,350 |
I understand your hesitation. Although I think the dollar is becoming worthless, I quit buying my fund when gold was at $400. I am not yet ready to sell, but I am watching things closely. I can't eat gold, but in a sick world like this, I may need it to buy bread. My college professor told us to use gold as insurance. Buy enough of it to cover things if a German, Russian or Argentine style devaluation occurs. Hope that it doesn't happen and be happy if you take a loss because times were good.