Is it wise to keep spending alot of my saved up money in precious metals, ?
April 12, 2010 · Posted in General
I hear alot of reports about the stock market so i want to be prepared, so i bought 90% silver coins gold eagle and 1/4 platinum eagle and ounce of palladium. And silver bars.
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8 Responses to “Is it wise to keep spending alot of my saved up money in precious metals, ?”
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in this economic crises…save everything you can.
NOOOOOOOOOOO!
Unless you bought this all retail… it’s a great idea.
Penny stocks.
TOFS.pk about to explode! MM in current consolidate pattern but once MM50 crosses Moving 5 day average easy 40-50% gain w/ 200-300K in volume from BB boards. TO DA MOOOOOOOON!!!!!
Gold seems to be the goer at the moment. The price is rising again. You can only obtain gold through a broker in Oz and you lose a bit in the fees to him/her. Don’t know what the go is in your part of the world.
that would be a terrible idea.
It’s safe-ish. It will never completely lose it’s value, but Gold in particular is at an all time high, so if the bubble pops, then you could lose some significant capital. It’s a really good time to already have gold, and be able to sell it, because prices are high. I have heard that you can get awesome deals on Gold in Kuwait, but you have to name a price, and stick to it, they will come down. I don’t know about Silver, Platinum, or Palladium, but you can probably check them on a stock market website, just like Gold. Apply the same principles, you want to buy it when you think it’s cheaper, so buy the one that’s at it’s low if there is a choice.
When the economy goes down, so does the price of commodities like oil and metals. That means it’s a good time to invest in those things and ride the economy back up to the boom (as long as you get out before it peaks again).
If you’re just investing, it’s probably a good time to look at commodities like precious metals. Or you could invest in some mining companies.
Best wishes