History
The dollar is a paper currency with no
intrinsic value. EVERY paper money ever created has ALWAYS lost its purchasing
power over the years. In the time of Ancient Rome, a day of work was worth a
tenth of an ounce of silver ; in the beginning of the 20th century (2,000
years later) a day of work was still paid a tenth of an ounce of silver.
Today 2/3 of the world population lives with
two dollars a day (a tenth of an ounce of silver). Gold and silver have been
traded for 5,000 years, and they are still here today because they are real
money.
Should you buy gold or silver?
Both, but I personally prefer silver, physical
silver, in coins or bars.
Investment demand
The investment demand is growing in China,
India, and the Far East. Silver is the ordinary man’s real money, not gold.
Everybody can buy silver because it's much cheaper than gold, and the
gold/silver ratio signals much higher silver prices to come.
Should I buy coins or bars?
I prefer silver coins because they have formal
monetary value and are recognized all over the world, especially these three
coins:
- Silver Philharmonic
- Canadian Maple Leaf
- Silver Eagle
How much of my portfolio should I invest in
precious metals?
I would say the minimum should be 10%, but
when you seriously look at what happened recently in Cyprus (the risk of
bail-ins or bankruptcy risks all over the world), I would suggest you invest a
much higher percentage.
Of course, precious metals do not have to be
considered as primary vital resources like water, food, energy, or security
measures.
Where should I store my gold and silver?
I wouldn't want my own savings in a bank
account, so the first thing would be: don't store your precious metals in a
safe in a bank!
You can store it at home, if the value is
under $10,000, or with www.GoldBroker.com, for a larger investment.
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