Silver ..... GOLD!
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.
Right now platinum is hot. Gold and silver just had a runup and now are cooling back down for maybe a week to 2 weeks, then they're start their upward climb through the summer when the normal bigger gains for both begin around Sept through Dec. I will start to swing trade selling 1/2 of my shares on the peaks and buy more in the troughs.
I think owning gold bullion (not coins) should be a piece of your investments as it is the best protector against inflation which I believe we are heading into sometime. And also if there is a big drop in the markets PM stocks will go down with them in the beginning which will be very painful. I'm watching this economy like a hawk to see if a mania comes around which will be the signal things are getting ready to blow.
If you want protection from the falling dollar, just buy some gold bullion or coins or set up a bank account in swiss francs. And a thousand dollars (face value) of silver and a bunch of ammo for your emergency supply kit won't hurt.
None of the above.
Sound like the old Freak Brothers comics.
Silver ..... GOLD!
I think you can now buy common stock on the NYSE or NASDAQ which mirrors the price of gold.
The symbol? GOLD or GGG? I forget.
Anyway, that is much better than taking physical possession of bullion, considering the markup when you buy, the markdown when you sell, and then the worries about where to store the stuff.
I bought four American Eagle 1 oz coins thinking I could simply sell them easily.
Although I made about $50 on each coin, I ended up having to drive about 35 miles just to find a place willing to buy the coins.
Even then I didn't get spot price, but spot-minus-3 percent.
Like I said, the best thing is this new stock that basically mirrors the price of gold.
10% gold and 90% silver.
Right now the ratio of silver to gold ounces favors silver.
When the ratio shrinks to less than 25:1 then start swaping the silver for gold.
Platinum isn't really money.
I recommend gold,silver & LEAD, and lots of that too!
Yes, Fat Freddie talking about dope and money. Hadn't thought of that quote in a few decades.
Coalbed methane.
I had a tremendous collection of Zap and Fabulous Furry Freak Brothers comix. Unfortunately, I neglected to remove them when I moved away to school and my sainted mother sent them to the landfill. I miss the Checkered Demon, Captain _____gums, Mr. Natural and the FFF Brothers. Lots of laughs from another era, now long gone.
Don't forget Cheech Wizard
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