Good series of thoughts and questions. I ask myself similarly nearly every day. It seems as if it there is a fair amount of uncertainty out there. Nothing is reliable these days but ones own self. My best wishes to you. [p.s. I own an insigficant amount of silver and the paper, too.]
Update - July, 2009 Hello! Are you still out there you? Please tell me you are not still invested in this; right? (Q) Okay, well, anyway, since you appear to be talking to yourself (it is not that bad), what have you learned from this experiment? (A) I am sorry; what was your question, again? (R) Right! Best wishes to all the good of heart. P.S. Please excuse me to the members of the Board.
The dollar is being manipulated higher. People are fleeing to hard assets, fixed income securities.
Has anyone considered the hyperinflation thats going to occur because the Fed is running the printing press non stop. Creating dollars out of thin air. You don't need to be an award winning economist to figure that out.
The idea of buying gold and silver coins seems cumbersome to me. I mean if you think we are headed anarchy then coins might be the way to go. Paper seems right here because the Fed creates a new arm every day. Now they are buying commercial paper? Whats next? Better get more ink for those dollars. They are getting desperate.
When they can't prop up the dollar and oil eventually rebounds gold and silver may be the place to be.
Place your bets......
Gold is an immediate currency hedge and tied to oil, while silver follows consistently on a delayed basis for the same purposes, however, silver has a fundamental supply imbalance with better, more consistent demand growth. Search around and see.