silver or gold to add to portfolio these turbulent times?
2007-11-09 04:22:10 · 8 answers · asked by case v 3 in Business & Finance ➔ Investing
I wouldn't buy either one. Holding on to the value of gold automatically gives you a 4 percent annual interest rate loss compared to keeping your money in the bank. Right now gold has reached one of it's very strong resistant levels at 842. Gold has attempted and reattempted to break this point, but there's not enough demand right now to push gold pass that point. People aren't going to hold on to gold for too long if it appears to be losing strength and they're suffering an interest rate loss for holding on to gold. Same for silver. We may see a huge correction in gold potentially next week. Be very careful getting in trades at prices like these, cuz once you're in you won't know when to get out.
2007-11-09 06:02:50 · answer #1 · answered by lucstudent 3 · 0⤊ 1⤋
Gold
2007-11-09 04:24:55 · answer #2 · answered by Rockstar ☆ 6 · 1⤊ 1⤋
You should buy silver or gold as a currency or war hedge. Your decision should not be predicated on the other capital markets, but rather the function it would hold in your portfolio. It is a partial hedge against changes in the value of the dollar and it is primarily a hedge against war (primary correlates are levels of world conflict).
2007-11-09 04:25:54 · answer #3 · answered by OPM 7 · 0⤊ 0⤋
I would recommend Gold & Silver.
There are several ways to accumulate precious metals.
This site offers physical Gold & Silver, with no sales tax:
http://www.ajpm.com/htbin/gold.cgi
This is an off shore site that offers safe storage of Gold/Silver & a way to exchange ownership of Gold/Silver with other holding members.
http://www.goldmoney.com/
There are also many Gold & silver stock shares, but I would recommend due deligence before investing in any of them.
Good Luck, I think you're making a wise decision.
*******************************************************
2007-11-09 04:40:45 · answer #4 · answered by beesting 6 · 0⤊ 0⤋
If you can afford both, buy both as diversification.
Silver is cheaper and will be more rare than gold (since it's industrially consumed, while gold is just jewelry)
I personally only have silver and it's served me well.
2007-11-09 14:03:55 · answer #5 · answered by Smartass 4 · 1⤊ 0⤋
I would take the advice of the world-famous prospector "Yukon Cornelious" and go with Gold AND Silver.
2007-11-09 04:25:05 · answer #6 · answered by Anonymous · 1⤊ 0⤋
here is the problem with metals - they can be sluggish for 20 years. I buy foreign real estate, our dollar goes down, their real estate goes up, double whammy.
2007-11-09 04:45:12 · answer #7 · answered by Anonymous · 0⤊ 0⤋
i love gold !!
2007-11-09 04:25:10 · answer #8 · answered by Anonymous · 1⤊ 1⤋