LUKE M asked:
With the economic meltdown, is now a good time to buy:
1)Gold?
2)Silver?
3)Coins?
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{ 2 comments }
1) I am very neutral on gold. I think gold will go to 3-8K an oz and then a serious bubble after that. The hard part is selling it
2) Silver is a good play because there is only 1 billion oz of silver in the world, meaning the average person has under 20% of an oz of silver
3) That is how I have my silver – in coins.
However, I would recommend over gold and silver to buy real assets that you can use to trade and consume
Goods like food, and seeds, fertilizer, oil, tobacco, alcohol, drugs, equipment and so on.
Peace
Yes, to all of the above, qualifying 3) meaning junk
silver coins?
There is a possibility that both gold and silver
could remain in a trading range, so to the extent
possible, make purchases during set-backs.
If you have none, then purchase some immediately.
There are times when being price sensitive can
prove costly.