Now back to precious metals and investing in them. Since I lasted posted about precious metals over a month ago, gold has shot up over $100, as the graph below shows...
Now, unless you've looked into precious metals, you're probably wondering how it could increase in $ value. Basically, when the value of the US Dollar goes down, as it has steadily, it reflects on the prices of gold and silver going up. See the thing is, Gold and Silver have never had 0 value, it just takes more and more USD to purchase them. Same thing goes with food, gas, etc etc. You're not buying any more than you normally would, yet because the value of your dollar is declining, it takes more of it to get the goods you need to live. That and Gold & Silver are true forms of $, where it can't be printed endlessly off a printing press like the Fed Reserve Notes here in the US, and to all paper currencies around the world. Also makes for great barter if and when you need to, and we hope that day never comes.
If you're looking for a safe long term investment, precious metals is it. Get in now before massive inflation kicks in. If not for the central banks doing their best to supress the price of gold, it would be well over $6,000 an oz RIGHT NOW!!! That's how desperate they are to keep gold and silver from going sky high. That's why India stunned the world by purchasing 200 metric tons of gold from the International Monetary Fund at the 1st opportunity it could get 2 weeks ago.
If you have your money in the stock market, IMO, you are a sucker waiting to get fleeced once more. Sure, you might have a 10% gain right now from last year at this time, but over that same time, the value of your dollar has dropped at least 30% depending on various sites that reported on the matter. So get into gold and silver now, and most importantly, get it in your posession, in your hands, and not stored in a bank vault. Even if all you can afford is a 1 gram bar of gold (right now, about $50), by purchasing that, you're already ahead of 90% of the people in the USA, as only 6-8% of the popualtion invests in gold / precious metals. So instead of spending your hard earned $ on a 42 Inch TV for $500 come Black Friday, invest it into precious metals.
You won't regret it. I've already made back what I paid + spot (the cut that the company selling the precious metals makes to cover their expenses) in about 3 months, and from my latest purchase, I'm bound to make that back no later than the same time frame yet again. Besides, sure beats having $10k + in a PCMMA and only getting $9 worth of monthly earnings from it. I know this because this was the route I was going. I could win $9 with 1 nightly sports bet.
Until Next Time...
