Oil & food prices are killing us & stocks & bonds are rigged, but one thing is for sure--Precious Metals especially GOLD!
Some analysts think Gold is undervalued & should be about $3,000 an ounce vs $800 an ounce now.
A friend said that one should buy gold coins especially as they are a good investment and should the economy tank can be a good form of currency should paper currency lose favour.
This little tip free courtesy of your Brother in the Great White North.
As the dollar falls, gold prices tend to go up. I think having a certain amount of gold in one's investment portfolio is a good thing. I think its bad though, when some people empty their entire investment or retirement accounts and put it all in gold. That can be a recipe for utter disaster, especially for someone close to retirement age.
__________________ http://endtimeobserver.blogspot.com
Daniel 12:3 And those who are wise shall shine like the brightness of the firmament; and those who turn many to righteousness, like the stars for ever.
I don't ever see us going back to the gold standard, so the only value of gold is as jewelery imo.
Gold standard or no, Gold still carries value and is recognized the world over.
Gold is undervalued & it would be prudent to have some investments in it.
Gold standard or no, Gold still carries value and is recognized the world over.
Gold is undervalued & it would be prudent to have some investments in it.
Besides, gold always has intrinsic value.
It will never be worth zero.
On the other hand... in times of hyperinflation, paper money can become almost worthless.
(not that I'm expecting hyperinflation any time soon.)
__________________ http://endtimeobserver.blogspot.com
Daniel 12:3 And those who are wise shall shine like the brightness of the firmament; and those who turn many to righteousness, like the stars for ever.
As the dollar falls, gold prices tend to go up. I think having a certain amount of gold in one's investment portfolio is a good thing. I think its bad though, when some people empty their entire investment or retirement accounts and put it all in gold. That can be a recipe for utter disaster, especially for someone close to retirement age.
True, the good thing if one gets Gold in coins, not only is it an investment in Gold but it can be used as currency.
Besides, gold always has intrinsic value.
It will never be worth zero.
On the other hand... in times of hyperinflation, paper money can become almost worthless.
(not that I'm expecting hyperinflation any time soon.)
Commodities traders (and speculators) have been making a killing the last couple of years.
Gold, platinum, oil... corn up 72% the past year, wheat up 68%, soyabeans up 85%.... you name it.
The rich will always have ways of getting richer, in any economy.
(Not that I'm hating... just stating a fact)
__________________ http://endtimeobserver.blogspot.com
Daniel 12:3 And those who are wise shall shine like the brightness of the firmament; and those who turn many to righteousness, like the stars for ever.
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