Precious Metals Investing

[Gold and Silver]

What does everyone think about this website?

The Precious Metals Club

Sounds like a good way to invest in gold, and silver. I was thinking about 50-100 Dollars a month. what is your thoughts?

[allangering]

I am also agree with your advice.You have done an great job..
Such an informative and well formed post!Thank you for sharing that, it was wonderful of you.

[frelacer]

Well, I am not familiar with this particular "scheme" and its inner workings. However, I would stay away from this or continue accumulating information to decipher whether it is a legitimate service. That said, I would suggest ETF's that purchases precious metals contracts, mining companies, etc. For examples gather ideas from here. Google is also an excellent resource when it comes to research.

[Ms_Margaret]

Precious metals in general and gold in particular have long been a symbol of power and wealth and a universal currency. Furthermore, gold is the only currency that the government does not have direct control over. Should you decide to diversify your retirement account and opt for a gold IRA, you can rest assured that it will not devalue, nor will it collapse like other currencies, the real estate market or the stock market could. What’s more, as has been said before, precious metals are very stable, as opposed to the very popular option for retirement accounts, namely the volatile stock market.

[ricky028]

Certainly gold and silver has the capability to hold gold and silver equities, which if well selected can add extreme gearing to your investment portfolio.

[gold24k]

I agree because gold is the only currency which is not affected by inflation. Meaning, if your nations economy go bankrupt then you have an option to exchange it to other currencies.

The only problem here is the accessibility of information and institution facilitating this as most commercial banks don't offer this option. Second is the security of investment as even the largest financial institution in United States could go bankrupt.

However, to compare it to real estate is different. Gold is surely more stable, but it does not give you a foreseeable more profit than real estate does.

Landbanking could multiply a hundred folds in profit in 10yrs time while Gold cannot. The only downside, in real estate is force majeure.


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[MrBrightside]

Originally Posted by Ms_Margaret

Precious metals in general and gold in particular have long been a symbol of power and wealth and a universal currency. Furthermore, gold is the only currency that the government does not have direct control over. Should you decide to diversify your retirement account and opt for a gold IRA, you can rest assured that it will not devalue, nor will it collapse like other currencies, the real estate market or the stock market could. What’s more, as has been said before, precious metals are very stable, as opposed to the very popular option for retirement accounts, namely the volatile stock market.

Thanks for your optimistic post

[staffjam]

Hmm - i've had a look over and i'm not too sure - i personally would steer clear.

[MrBrightside]

Originally Posted by staffjam

Hmm - i've had a look over and i'm not too sure - i personally would steer clear.

What here it is not clear?