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 Replies: 10 / Views: 1,799 |
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Pillar of the Community
United States
667 Posts |
I read a report or short blog by Marc Faber. He simply stated "All I can say, the risk today as an investor is not to own gold, but it's not to own any gold. If you have no gold at all, I think you're taking a risk."
Since I am busy trying to catch up on my work it took a while for this to make sense to me. Ok I didn't have my first cup of coffee yet too.
I am a firm believer that you should diversify what ever you are saving. I know that gold and silver is part of this solution. Gold and silver is something that you should buy and just put aside for the long term.
While gold looks expensive for the average person it can be bought in very small fractional sizes. You don't need to buy a full oz. I think you should consider buying gold even if you have to buy it in grams or 1/20 coins.
I am still a fan of silver and you should try to buy some each month. You don't have to load up, remember you are diversifying.
Use money that you are not going to need in hard times.
To me not not own some gold and silver means you have a hole in your portfolio.
I don't have everything in PM's it is never wise to have all of your eggs in one basket such as a 410K, stocks, mutual funds or even livestock. However I would not feel comfortable if I didn't have some gold & silver. That would be like going towards retirement without my 410K.
All investments can lose money and certainly speculation in PM's is no different. But what do you trust more the paper reports of your 410k, stock market, bankers, government or physical metal you can hold in your hands.
In my strong opinion and I am not an certified investment consultant is to have some money in gold and silver.
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New Member
United States
29 Posts |
i agree with today young people should have 10 to 15 percent of their portfolio in gold and silver.
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Pillar of the Community
United States
4008 Posts |
Quote:
All investments can lose money and certainly speculation in PM's is no different. Absolutely right, MK.  The trick with diversification is that not all of our investments often lose or gain at the same time, so the volatility in a savings or retirement account can be dampened a bit by having those nest-eggs in different kinds of investments. I like to think about investments as The Big 5: stocks, bonds, cash, real estate, and commodities. For me, silver and gold fit nicely into the commodities category. I completely agree with the notion of dollar cost averaging into a PM position and not going "all in" with it just because the market seems to be down at the moment. It could well be down but it could also drop further. Buying a little at a time regularly works well to dampen the usual market volatility. If we invest the same amount regularly, we end up buying fewer ounces when prices are high and more ounces when prices are low. The net result is more ounces at a lower total cost. |
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Pillar of the Community
United States
2168 Posts |
Yes I agree as well. When I first saw the title I thought the discussion would be the potential issues with owning/buying PM in relation to the ne law signed New Years Eve that for the most part nullifies many rights
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Valued Member
United States
493 Posts |
I have been itching to have some gold, and just tonight finally added a 2.5 gram bar of gold to my portfolio.
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Valued Member
Philippines
386 Posts |
gold investment is one of the best and safe way as in real estate. how I wish I have so much old rare gold coins  |
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Valued Member
United States
404 Posts |
You have eggs, you have baskets...you know how it goes. Buying PM's is just another basket to protect yourself. My IRA's and 401k may gain more value over the years, but my PM's give me a little extra comfort at night knowing that if there was ever an economic collapse I have some tangible assets to fall back on.
The way I see it, being prepared for the future is like trying to check off a bunch of items on a "what if" list.
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Pillar of the Community
United States
4008 Posts |
Quote:
My IRA's and 401k may gain more value over the years... Yes, I also had a 401K for many years and then converted that to an IRA when I retired in 2004. One of the things that I did not know back then was what the Dow 30 vs. gold chart looked like. It was not nearly so rosy as the usual Dow 30 chart as expressed in dollars. Still, 401Ks and IRAs are good choices for growing one's nest egg over time. Adding some gold or silver along with them does diversify your holdings. As you mention, gold and silver can provide some real nice insurance against possible financial calamity. |
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Valued Member
United States
318 Posts |
Hey Everything, what kind of vig did you pay over spot? I've wanted to get a few little pieces of gold but I haven't found any reasonable deals on the little bits that fit my budget.
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Pillar of the Community
United States
3670 Posts |
 Silvereye, and I have an idea for you..... Most HORSE laughed at me last year when I invested in 10 of those Liberia 3/4 gram pure gold coins with the historical famous images. But I grouped them all up, bought from anywhere last year at 35 to 55 bucks each, and I sold the entire set of ten to a fellow in Kentucky, and did pretty well with them.... Where else you gonna find that much pure gold, for such a small price and trust me I have looked, lol.... Edited by Silverhawk74
01/06/2012 10:43 pm
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Pillar of the Community
United States
3670 Posts |
Here you go, Caesar is real popular.... http://www.ebay.com/itm/Beautiful-9...em2a17c27f98To small an insignificant for a con artist to fake. They would have more in the making of the fakes, then what they would sell for I bet. Note, if you do ever buy these, make sure they are the 24k 25 dollar denomination, as the 10 dollar for example is just 14k.... The one pictured has no case or COA with it, an appears scared, and they are proofs, so I would NOT bid on that one, but that is just me, too each their own eh.... Edited by Silverhawk74
01/06/2012 10:55 pm
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Replies: 10 / Views: 1,799 |
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Posted 01/03/2012 5:50 pm
