View Single Post
Old 10-03-2009, 03:52 AM  
jerryb
Confirmed User
 
Join Date: Feb 2005
Location: Saginaw, Michigan USA
Posts: 588
I would say buy 1oz and 10oz silver bars. Back in the early 80's when gold peaked at $800 silver was $52. Today gold is at $1000+ and silver is at $17.

Gold is still a good buy is you want to tie up $1000+ in a 1oz coin but silver would be easier to liquidate in small increments should you need money.

Reminds me of my brother. Back in 1970 he got a large (then) check from GM. He wanted to buy gold. I bought him 1000 British sovereigns (.2354 oz of gold) for $11 each. Gold went up and he sold at $13 each and made a quick $2000. I told him to hold them till he retired but he wanted to sell. Well....he retired 2 weeks ago and that $11K investment in gold would be worth $235,400 today.

Pin this on your wall and look at it 20-30 years from now.

Not for the person that wants a QUICK turn on money but good long term advice. Buy Silver NOW...you'll be glad you did. Gold is still a good buy but silver has the high potential of gain.
jerryb is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote