super math physics guy asked:
2 years ago I had a speech class that I had to do a persuasive and informative speech. My dad had been telling me that gold was going to go to $1000 an ounce and that we should buy some gold coins. So we got a few 1/10 ounce coins at about $50 each and I used them for my presentation. I told everyone in the class that it would be smart to buy some gold coins and keep them for 5 years and they will probably make some money. I explained the dollar/gold/oil relationship and now that gold hit $1000 I wonder if anyone took my (really my dad’s) advice. I wish I would’ve bought more at the time but I didn’t have a whole lot to invest.
Also, Is it time to buy silver?
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A lot of investment people get caught up in what the charts are showing them and as far as I can see they “can’t see the forest through the trees”.
Look at the underlying reasons gold and silver are going up and ask yourself “are they likely to get worse or better any time soon?”