How To Buy Scrap Silver?

Am I a smart individual to buy silver and work hard to buy more silver?

• I'm 16. I'm currently finishing off my first year in community college, then I'll transfer to the University of Washington to acquire a Aeronautical and Astronautical Science degree. I've read many books about gold and silver, my family really likes gold (they're asian) but they do not care about silver. I've been putting a lot of my attention on learning about silver and buy silver rounds. Now, I have near 10oz of silver in hand, I'm currently selling on ebay and doing anything that I could possibly do to buy more silver, then I'll focus on survival items (I already got a lot of magnesium, a 1300lumens flashlight) and emergency food when I have the funds avalible. Is what I'm doing smart or am I just an idiot? should I put my focus more on community college (I have a 4.0 currently though), please help?

• Answer:

  Some analysts prefer silver to gold. Have you heard of Mike Maloney? Debt Collapse - $20,000 Gold - Mike Maloney On Gold, Silver & Economics http://www.youtube.com/watch?v=tj2s6vzErqY Silver is more volatile than gold in the short term, but may have a greater potential. Silver is definately more affordable for those without many assets. If you buy less than an ounce of gold, the premium is ridiculous. In the long term, either will be better for preservation of assets than the dollar. I don't know much about survival preperation. Having long term storable food and water seems like a good idea to me. My advice is to: Continue your education if you can do it without borrowing money. Don't borrow money for any reason. Accumulate precious metals over time; buy the dips.