Skip to comments.Investing opinions: Gold? Silver? Platinum?
Posted on 06/08/2005 11:16:31 AM PDT by orionblamblam
Simple enough question: what makes the best investment when buying precious metals? I'm in the market, and want to make sure I don't get overly stiffed. What with interest in fuel cells, I'd hazard that platinum might be good.
You can't go wrong with steel - everyone uses it...
Whatever you do, remember that the markups and commissions paid on both buying and selling bullion coins are going to be very high relative to the metal value. Also, the storage of physical metal (i.e. safe boxes) is not free, thus metal futures might be the thing to look at.
I have one word for you: Plastics.
Buy into a mutual fund that specializes in Precious Metals & Mining. They invest in companies that explore for, mine, or make investments in precious metals.
Fingers of Fury and a Mind of Merriment
AMMO,the CURRENCY of the 21st CENTURY!
You just KNEW this was coming.
My fav is copper. Not the metal itself, but mining companies. Phelps is the best for players as far as investment [the price jumps up and down a lot when the price of copper itself moves a little], with Rio Tinto doing not badly.
Steel is the basis of all industrial economy, and it will do for asteroid mining as well. Investing in steel companies is kind of humdrum. It's too basic unless you are operating a mine yourself.
Read up on the Hunt Brothers and the Silver market of the 70s if you want to see how you can get really stuck.
It's too bad you couldn't squeeze in Billy Mays with some OxyClean.
Guns and Ammo will provide in hard times better than "precious metals" unless you plan on eating the metal.
Invest in Tennessee_Bob. That's right - send me a check. You'll have my thanks and undying gratitude - and you can take that to the bank.
> Guns and Ammo will provide in hard times better than "precious metals" unless you plan on eating the metal.
Silver makes dandy bullets. Good for taking out the radioactive werewolves and vampires I expect to encounter after The Fall.
> Read up on the Hunt Brothers and the Silver market of the 70s
I thought those were the goobers who drove the price of gold to $800/ounce?
Investing in cigarettes and booze hasn't gone wrong for me yet...
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