Chat
02-22-2016, 05:59 AM
Many analysts now are saying invest in silver, not only because it is less expensive than gold, but also (surprisingly) pure silver (not mixed with tin or some other alloy) is in far less quantity worldwide, than gold.
The key, though, is not stocks ... the key is to possess actual gold or silver. The easiest way then to purchase silver is at a rare coins shop. My stepfather has an inherited $1 silver coin from the late 1800s ... worth well over $100 now. That is just one example.
Gold and silver stocks certainly will retain some value initially in a stock market crash, but eventually, paper is paper; if the mining company goes broke, it matters little that you invested in "gold." Similar to hoarding cash in your house (as I have some) ... cash will have value for a limited time, but eventually, all will be revalued, back to a longstanding standard, such as gold or silver, or even copper.
The key, though, is not stocks ... the key is to possess actual gold or silver. The easiest way then to purchase silver is at a rare coins shop. My stepfather has an inherited $1 silver coin from the late 1800s ... worth well over $100 now. That is just one example.
Gold and silver stocks certainly will retain some value initially in a stock market crash, but eventually, paper is paper; if the mining company goes broke, it matters little that you invested in "gold." Similar to hoarding cash in your house (as I have some) ... cash will have value for a limited time, but eventually, all will be revalued, back to a longstanding standard, such as gold or silver, or even copper.