Thoughts on investing in gold/silver

[beppington]

Has the stock market ALWAYS, in EVERY decade performed well?

No, just better than every other investment. According to the research I've encountered.

 

[/pine]

Don't forget...

When they passed the obama-care health insurance legislation...hidden in the bill (that nobody read) was a new tax on gold coins etc...

 

[RoyJackson]

I find investing in lead is a good endeavor. You can't eat gold or silver. They only have value when there's a demand.
However, with lead in the proper form, you can get the gold, silver, food or what have you...if you have the mindset to do so.

 

[sweettractors]

I find investing in lead is a good endeavor. You can't eat gold or silver. They only have value when there's a demand.
However, with lead in the proper form, you can get the gold, silver, food or what have you...if you have the mindset to do so.

Roy, I think you are on to something with the lead investing. Think how much the congress members had in their butts that kept them from getting up out of the cushy chairs and going to read the 3300 page bill before they voted on it. Ken Sweet

 

[carpenter383]

I find investing in lead is a good endeavor. You can't eat gold or silver. They only have value when there's a demand.
However, with lead in the proper form, you can get the gold, silver, food or what have you...if you have the mindset to do so.

Lead? I'm lost
You talking the kind with a brass casing? I'm good there!:thumbsup:
I've always been interested in all forms of investments, but lately with the rumors I've been hearing (can't get political) I'm interested in investing in buying something that will always have value and goes up in value when the dollar goes down.
I really hope I'm wrong, but things aren't looking good for the american dollar and there is only so much china and other countries are gonna lend our gov't before we're cut off and are forced to raise taxes and interest rates big time. BTW China is now the worlds second biggest economy after passing Japan recently.

 

[timswi]

Me thinks that Roy's investment in lead has little to do with finances. May have something to do with inspiring agreement

 

[Mudfarmer]

Always keep a few gold coins around - never know when you need to go on the lam. Untracable source of ready cash at any coin store (usually find them in a seedy strip mall) as long as you keep transactions below 10,000 at at time. Always be very polite in coin stores - usually run by big ex-marines with I don't know what kind of fire power behind the counter. With the price of gold nowadays $10,000 in gold coins (a little less than 9 oz) is less bulk than folding money. Then again I bought my gold in the early 90's when it sold for $300 and went down to $220 an ounce - maybe I ought to sell???? :drool:
Mf

 

[Mudfarmer]

A second thought - take a look at all the advice being thrown out by wall streeters and financial gurus about hedging against deflation. Doesn't mean deflation will occur, but it could - there goes the price of gold (glad I bought cheaP). Don't get rid of your cash too enthusiastically.
Mf

 

[Gale Hawkins]

30+ years ago Howard Ruff (sp) said buy silver dimes and quarters to buy food with if things got really bad but the survial crowd got small I guess in the go go years that followed.

 

[Redneck in training]

Has the stock market ALWAYS, in EVERY decade performed well?

Gosh no. There are historically a number of "lost" decades" where the S & P average lost money. We just had such a decade and it has generally been labeled, properly, a lost decade. Doesn't mean everyone lost in stocks, but on average, the decade, years 1999-2009, was a loser. Flat out.

Historically, however, averaging in the majority of decades, stocks perform well. Who is to say what the next 10 years will bring? Nobody knows for sure. A diversified and balanced, and periodically rebalanced IRA, 401 or other portfolio is always the better part of wisdom.

The OP asked specifically, however, about Precious Metals. That remains a very open question. Again, no one knows for sure where these commodities are heading.

Several years ago, when gold was around 300, I read an article about investing in gold versus stock. In hypothetical case investment of 1000 in gold at the beginning of the stock market would yield 900 dollars when the article was written. Investing consistently in the best performing stock at any given time would yield a sum that would buy whole USA three times.