I've just started thinking about this. Anybody here hedge a bit with Gold? Bullion, Coins, ETF's? What do you recomend? I know Gold is high at the moment but I personally don't see it going back down any time soon with the current state of things. Penny for your thoughts?

 

I invest in silver....Pm me if you would like details...it can be confusing at first as to what you should buy and whats a rip off.

 

I've thought about doing this as well. Mind if I send you a PM about it as well?

 

Silver here as well. I like it as a start, you get more bang for your buck. Later after you acquire enough Silver, then get some Gold.

Don't buy off breed stuff, 90 percent US coins, Silver Eagles, or quality stuff like Englehard ingots are the way to go.

PMs are going up quick, don't make the mistake I did and wait until the price drops, it may fall back some, but the long term trend is up........

 

I bought gold 5 years ago, best investment I made in years. Precious metals is a good investment.

 

You should look at it in two ways. The first being it is usually very safe instead of a volatile market and the second is a hedge against the dollar ever going under and/or the US switching to something along the lines of a world currency. I would buy silver first because it's easier to aquire and you get a lot more for your money. Gold is tough. If you can find the 1/10 oz. coins then go for it but anything bigger is strictly an investment and would be very hard to use later in trading or buying goods. Silver is very versatile in any form of trade or buy/sell situation. I wouldn't waste my time on bulk coins or bars in silver. I would go right for Eagles or the like from other countries.

Of course you should have bought either or both about 3-4 years ago but that goes without saying I suppose. In any case, any time is a good time to buy metals. They are longterm.

 

I actually got asked that from an IRS agent in the early 80s....if I had that buried in the back yard. I look at her like she was mars.

I have silver. every five years for an increase, since I do not watch the market every month. paying for my trip to alaska partly......

ask a vet who was in iraq the first time, what did they find stashed all over the place......

listen to above- do the homework- easier than day trading though.

kind of like E series bonds in the seventies, a good investment that has a time period of profitability then decline.
good luck and God bless you and yours!

 

you can also invest in the GLD or SLV... they are gold and silver trusts that mimick and follow the gold and silver market... You have to be a little more careful with the silver becausee is is also an industrial metal..

I like the GLD for gold because, if I was to go into a gold place to buy gold do I really know what I am buying or am I just taking the word of the person selling it to me.. The GLD is as easy as buying a stock...

 

Be very careful, many of those are leveraged.

What happens when everyone tries to take possession of their GLD?

I won't play musical chairs..............

 

Ill try to answer any question anyone sends me through PM.

 

The only problem I see with gold is that it hasn't kept up with the rate of inflation. It's gone up, yes, just not as much as inflation has.

 

It is about time for a run then.................

Seriously, it is not an Investment, it is simply a hedge.

I personally think it is being manipulated right now ( and has been for some time ).

 

I think the most important thing is to be sure that you invest WISELY in Gold, here is a fine example

 

Funny you should mention that. I told the kids when I die to make sure they get the gold out of my teeth. No sense in leaving the coroner or the funeral home a tip. I don't have quite the display that fella does. Mine are more towards the back of my mouth out of view.

 

Platinum is high but its hard to store all those cats.