HI All,
I m really confused οn whісh metal tο invest. Aѕ thе prices keep οn increasing day bу day, I m really nοt sure οn whісh metal I ѕhουld invest thе money.
Iѕ іt ехсеllеnt tο invest οn Gold οr Silver οr οn Platinum?
I m trying tο research οn thе internet аnd ѕοmе ѕау іt іѕ nοt thе rіght time аnd ѕοmе ѕау thаt wе саn invest.
Delight information. I really appreciate іf ѕοmе one whο hаѕ ехсеllеnt understanding οr knowledge οn thіѕ саn respond tο mу qυеѕtіοn.
Thanks
{ 5 comments… read them below or add one }
Sell gold at 1300 to 1400 for huge time…. it will down a lot…….
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Precious metals have been rising while the market was sluggish, so the prices are near highs, while stocks are still “on sale” to some boundary. I’m sure you would not wait in anticipation of after a sale is OVER to buy a new car, so why do you want to buy metals near their highs?
Metals are generally a hedge against inflation, not an investment. A impart of Microsoft or Yahoo!, for example, is priced based on what investors believe those companies will earn tomorrow, or next week, or next year, so they can grow in value if those companies grow earnings; if you buy an ounce of gold, it will just sit there and “earn” nothing. An ounce of gold is generally priced at around the cost of a feature Mens’ suit.
Gold went from about $150 an ounce in 1977 to about $1,192 today (up 694%). In the same period the Dow went from 742 to 10,464 (up 1,310%)
http://www.lenntech.com/prices/gold.htm
http://finance.yahoo.com/q/bc?s=%5EDJI&t=my&l=on&z=m&q=l&c=
buy gold and silver both. gold will hit $2000 soon. of course it will have some correction on the way; but it will come right back up. Indian govt just bought 200 metric tons gold at over $1000/ounce.
Instead of buying the base metals as such, look into some stocks that are heavily involved with either mining or refining the metals. Platnium has reached a 52 week high in the last few days, but because where the world is financially (some economic hubs coming out of recession/some not even going into recession) my opinion is Platnium is not to late to invest in. I can bust out heaps of companies for you to look at, but they are listed on the Aussie Stock Exchange. As for gold.. too hard for me to say but it may possibly keep going up a few hundred more or stay where it is.. and i have no thought about silver sorry!
First of all you’re on the right track! Gold is hitting all new nominal (numeric) highs right now! Plus it’s what you regularly hear about on commercials and the news! Though, it’s sexier foreign cousin silver that you want to bang!!
Silver has gone up like crazy lately..about 80-90% in the past year! This is due mainly to inflation. With all these new programs like cap and trade, healthcare, war, stimulus, bailouts, etc our national debt has ballooned to about 12 trillion, NOT including unsecured liabilities like social security, medicare and medicare part D, veterans benefits, fannie and freddie that come up to another 90 trillion!
The dollar is a federal reserve note. A “note” is a debt instrument! In other words it’s fiat currency! Every….EVERY single fiat currency in all of history has gone to zero! Before so there was massive inflation (hyperinflation)! It’s happening right now!
My simple information…buy silver…get out of U.S.dollar denominated assets…things like mutual funds help in American dollars and buy ones held in Japanese Yen or Chinese Yuans. Their currency has been rising against the dollar and will continue to do so!
1. Buy only Silver American Eagles…they are most usually recognized and have numimastic value!
2. Visit www.silverseek.com and go to forums to learn more
3. Read “Crash Proof” by Peter Schiff and get his podcast
4. Ignore your friends and CNBC
5. Don’t buy platimum, it’s a smaller market!
6. Keep your silver with you, not in a safety deposit box
7. Deliberate the silver exchange traded fund…AGQ. You’ll get 2x the return but no corporal silver
I salute you for getting involved! Don’t dissipate your time thinking about it…buy some silver!!
P.S. APMEX is where is usually shop..DO NOT buy from a coin shop unless you like to have pineapples shoved up your rear!