Gold Or Silver

Thanks for the info!

Actually, If you regard gold and silver as "insurance", you put some small fraction of your assets these and keep your fingers crossed, hoping gold and silver stay low.

As with real insurance, you don't really want this gold/silver "insurance" to pay off -- if the price of gold and silver soar "to the moon", it means that something has happened to the dollar and more conventional investments making up the majority of your assets. Much better to lose some money in Gold and Silver.

Thanks for the information!

Neither if you're looking to get rich. You should invest in gold if you're looking to hedge your money and park it somewhere instead of holding cash and not wanting to risk it with stocks. Silver is great for headaches. You will not get rich investing in gold or silver unless you have tons of money to risk. Do it because you like collecting something that holds it's value fairly well. It's a fun hobby that leads you down different path's when looking up different coins from different era's of history. I've learned a lot about our country just from my interest in the 2 PM's.

I don't see it as an investment myself but more of a way to protect value in bad times or a better way of having a alternate savings account that may or may not pay gains.. if gold or silver rise in price then the dollar has grown weak which means you get more dollars because it buys less and silver and gold have really not changed at all.

The better question would be .. is the dollar a good investment of a days labor.

Critics of gold will always bring up the lack of interest earnings or dividends. However, a little mentioned advantage of gold is that there's no carrying cost. No property tax, no upkeep, no depreciation, and no management fee. Nope, it's no great investment, but it's a darn fine place to park some wealth you want to preserve.

Thanks for all of your opinions!

Does anyone know how to close a poll?