Precious Metals are a Good Asset to Own…

Financial Topics
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I think that everyone should own some gold and silver as part of their personal assets. 

These precious metals are not likely to provide massive gains or losses like a stock could- that isn’t their purpose.  The purpose is to preserve their value with respect to other things.

At the turn of the century, you could purchase a fine men’s suit for the price of an ounce of gold (about $35) and the same is true today (about $1000). Gold holds its value while dollars and euros are just paper.

Having some of your portfolio in gold and silver is just a common sense thing to do in my opinion. Diversify.

The easiest way to purchase gold is American Gold Eagles, and the easiest way to purchase silver is either Silver Eagles or pre-1965 circulated quarters and dimes. Click the links for more info on Silver and Gold

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10 Comments

10 Comments

  1. Tim BirchNo Gravatar (1 comments)  •  Sep 23, 2009 @3:38 pm

    Yep, good as gold.

    Reply

  2. Robert MartinNo Gravatar (7 comments)  •  Sep 23, 2009 @5:18 pm

    I like your statement comparing the value of gold to a suit. Great way to get the point across.

    Robert Martin
    http://www.carbuyinghq.com

    Reply

  3. JJ JalopyNo Gravatar (57 comments)  •  Sep 23, 2009 @6:14 pm

    Very sensible and rational advice here, Rob.

    I think your Bugging In site is fantastic.

    Reply

  4. Darryl PaceNo Gravatar (66 comments)  •  Sep 23, 2009 @9:05 pm
  5. Keri EaganNo Gravatar (9 comments)  •  Sep 23, 2009 @11:01 pm

    Thanks Rob! Metals are a great store of value.

    Keri Eagan
    Anything Alternative

    Reply

  6. Steve ChambersNo Gravatar (103 comments)  •  Sep 24, 2009 @1:39 am

    I agree. This is sound advice.

    Steve Chambers, B2B Sale Trainer

    Reply

  7. John HoNo Gravatar (86 comments)  •  Sep 24, 2009 @2:25 am
  8. Lynn LaneNo Gravatar (57 comments)  •  Sep 24, 2009 @8:45 am

    Rob,
    Thanks for the reminder. I need to get off my butt and buy. Time wasted.
    Lynn Lane
    http://www.Warriorofsuccess.com

    Reply

  9. Las Vegas Baby Boomer Dating ExpertNo Gravatar (7 comments)  •  Sep 24, 2009 @12:58 pm

    Hi Rob,

    excellent reminder indeed. Great point about that the goal in owning them is not about growth but about asset protection. They are indeed currency.

    Happy Dating and Relationships,

    April Braswell

    Single Baby Boomer Dating Success Expert

    Reply

  10. Anthony LemmeNo Gravatar (41 comments)  •  Oct 2, 2009 @9:58 pm

    Yes sir. I have two old hippy friends that saw the crash coming and pulled their money out way before it went down and invested in gold and silver. They are set at this point and made a huge profit!

    Anthony
    http://www.anthonylemme.com

    Reply

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