Precious Metals Thread
Gold and Silver on the move today, due to poor fiscal talks and the outcome.
Time to start stacking if you haven't already!
I would buy silver over gold. Silver had a huge industrial use.
Plus, silver is more barterable if it comes down to it. Not many people would be able to make change of your gold coin. So that would be one expensive loaf of bread if you are forced to pay with your gold coins.
sniper hits the nail on the head on that one. - Gold is better for bulk savings.. silver for useable daily cash
Invest in brass/lead
Bullets and bullet accessories.
Cause if the world goes to hell, gold and silver wont do you much good :p
yeah I had crappy timing with my investments, at present if I were to sell I'd lose 3 bucks an ounce on silver.
I haven't really bought any gold but I got into gold panning as a hobby last year. Don't have much to my name since I'm still really figuring out the mechanics, but I have fun doing it, it's quiet and you can play in the sand in a river without being called immature and silly ;)
A word of advice: assuming you aren't counting on a massive fiat currency collapse, don't keep more than 5% of your wealth in precious metals.
If you want some general financial reading to back this up, William Bernstein's "The Investor's Manifesto" is a great read.
I agree, but I have a feeling we're in for a currency crunch. Not a collapse, but a major issue is coming.
I would hold more than 5%
Not everything in one basket, but more than that.
Buy Silver or Buy Bullets? Why not both?
Silver Bullet Bullion™
Now if they were real bullets.....
IRS: Sir you still owe us $200 from your late fees on your taxes 2 years ago
Citizen: Is that your building on 4th street?
IRS:Yes it is
Citizen: You are on the 5h floor right?
Citizen: Go stand by the window and I will send it right over!
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