"Yet in the background big money, wealthy investors, are seriously worried. In their hearts, they don't trust fiat currency. They are familiar with the history of fiat currency, and they know that no fiat currency has ever survived for long. Therefore, these people are buying items of intrinsic value — gold, silver, platinum, gems, top quality art, rubies, jade, beach property, collectables"
The post also lists some gold/silver ETF's. I still like PHYS over GLD.
Do everyone agree that buying gold, silver, platinum, gems, top quality art, rubies, jade, beach property, collectables is a good idea? None of my coworkers are buying items of intrinsic value. There is no fear of the US dollar dropping. People are still in the mindset of buying a house to get "rich".
What is your advice for us in our 20s with no kids and no debts who get paid in US dollars? How can we hedge our US dollar paycheck?
ReplyDeleteWhat is your opinion on the graded 70 proof/mint state gold/silver coins that are in a case and labeled? I know the 2010 Silver Eagle MS70 Early Release 25th Year of Issue blue label is trading for $150 yet 1 once of silver is $18.
ReplyDeleteAre the graded coins worth the extra premium over the spot price vs the uncirculated coins and gold bars?
Personally, I have been finding deals on ebay for coins. Here's my math.
ReplyDelete8% off from bing cashback
2% off from ebay bucks
3% off from mrrebates.com
1.5% off from my credit card
= 14.5% off buy it now items on ebay.