what are your thought on precious metals ? I have been reading and doing my best to understand this market..
What would be you choice on best gains Gold, Silver, Platinum
What would be you choice on best gains Gold, Silver, Platinum
Lead, copper and brass are what I've been investing in. I know, I'm no help....
If you are unskilled in gold trading making money is tough and hit or miss. Gold should drop to 800-1000 bucks when and if it bottoms. Politics, economics and war can all effect the outcome. Gold is not an investment it is a hedge.
This being said I think everyone should have 10% of their savings in gold. Not paper gold, physical gold. Not as an investment but as an insurance policy against economic disaster. And the coins should be US coins with a dollar value like the one ounce 50 dollar buffalo. The reason I say that is because the govt can make non jewelry gold illegal to own and you would be required to sell it to them at their price.
But the Buffalo is legal tender with a face value so it would not have to be turned in. They cost spot oz price but are legally spendable for fifty bucks as currency. Not that anyone would spend it, but it keeps the gold in your pocket
The reason I say that is because the govt can make non jewelry gold illegal to own and you would be required to sell it to them at their price.
Oh yeah the Nut Job I work with was also telling me last year that for every large middle eastern city that got bombed Gold was going to go up 50K per city.
I think there needs to be research done by members on here if they want to comment on the precious metals market.
The US has increased its debt to over 17 trillion , with over 1,400 trillion unbacked over the counter derivatives worldwide. The US alone has over 200 trillion in unfunded liabilities such as social security, federal, state and local pensions, medicare, ect.
Markets are manipulated in regards to the Libor interest rates , the Federal Reserve is the only buyer of US debt, monetizing our debt. The precious metals market is manipulated as well, in order to make the dollar look strong, and the stock market is held up in order to make it seem like we are not in a depression. Banks are confiscating depositors money all over the world, in order to bail out bankrupt nations, and it will eventually be coming to the US. China, Russia, and the BRIC nations are getting out of the dollar and setting up to trade oil in other currencies besides the dollar. China is importing more gold than ever before in order to back their currency with gold, and replace the US dollar as the world currency. They are getting out of the dollar and buying hard assets all over the world.
Do your own research, and decide for yourself what you need to do.
Ia no expert when it comes to metal trading, but junk silver (old coins with no collector value), will be easier to spend in small quantities. Also they are recognizable, and there content is known. Old silver will be much more negotiable than ingot silver in a crisis.Does that go for Silver also? Silver dollars versus Silver Rounds?
I am sure this will happen to many folks, but don't get caught with it.All my gold and silver fell in the river when my guns and ammo sank. Its a bitch, but Ill survive.
FS1 #22 I agree with junk silver coins. What is the best way to get them? FM
The rest ought to be short-medium term plays with CLOSE attention and knowledgeable risk management processes.
Governments who abuse their currency (devalue it through reckless expansion of its volume) are of course doing everything and anything possible to prevent public from realizing this (zero interest rates kill 401ks and other pension plans etc...) as its in essence an organized theft, megaponzi if you will.
The deficit spending snow ball has been rolling down the hill for three decades now. As with any downward rolling snowball the farther it rolls down the hill the bigger and less manageable it gets. Make no mistake about it, Reagan started deficit spending as a viable economic policy. He launched the snowball (supply side economics) yet he is heralded by the right as their political god. Everyone celebrates the great economy we had under Reagan. But few if any will admit that that great economy was financed by some of the debt we have today.
For me
Buying Gold, silver, platinum are Looooonnnnnngggggg term investments. My thought on this is as the world population grows demand will continue to grow and there is only so much of the stuff in the planet. Just think if you bought gold and silver in the 60's, 70's 80's 90's you get the point. 30 years from now people will be saying how they wished they would have bought gold in the early 2000's, when it was cheap at 1500-2000 per ounce. Hell there are folks damn near killing themselves everyday panning for flakes of gold in a river.
sorry Pester, your request was just not worth taking seriously. There are whole books and studies on risk management). We all have some exposure to specific industries and products.
My question was less related to risk mitigation and risk management strategies but on how you define the timing and nature of "short-medium term plays".
I'm too old to care about SHTF stuff, don't really want to wipe my ass with leaves. I sure can't imaging zeroing in on a starving bunch of kids. Surviving is a lot different than living. As far as gold and silver, I buy it every month, mostly for its liquidity. My best friend died at 44, had all sorts of investments. Most solvent dead man I've ever known. To each his own.