 Buying Precious Metals |
| TheGrim |
 01/22/08 7:57pm
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#1
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 Corporal  Group: {MOB} Regs Posts: 31 Joined: December 9th 2006 From: Omaha, Nebraska Member No.: 2379  |
Hi all, I've been watching the markets lately and have been purchasing silver myself.
My plan is to be a pirate..haha, no but seriously, what do you all think of acquiring PM's as a way to preserve on's purchasing power. Grim |
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| Kleerance |
01/23/08 2:51pm
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#2
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 Major Group: {MOB} Regs Posts: 536 Joined: May 4th 2006 Member No.: 1731 |
I think it's a good hedge to the dollar. But precious metals have been rising for a while now so there is a slight possibility that you are a bit late to the party. Remember historically in every significant economic downturn basic materials and precious metals have fallen in price as well. That's because when the world's economic engine (United States) take a break so does the demand for these goods. Personally I would buy some asian currency instead (I'm short USD)
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Posts in this topic
TheGrim Buying Precious Metals 01/22/08 7:57pm
Rev Hi all, I've been watching the markets lately... 01/23/08 3:08am Cpt. Snot Rocket Personally, I would never touch PM's. The vola... 01/23/08 9:51am PFC Mustangman We always put our money in a mason jar and buried ... 01/23/08 12:28pm
Rev That is exactly what I would stay away from right ... 01/24/08 7:50pm |
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