Quote:
Originally Posted by jerryb
I've been dealing in Rare Coins, Gold & Silver since 1954. Been telling people to buy both precious metals since the beginning. They always say 'I'll wait till it drops back a little' - well they are still waiting. I started my stash with a couple dozen $20 St. Gaudens back in the early 60's when regular gold bullion was not available. Paid around $40 each for them back then. Started adding Krugs, Maples and then Eagles. I have at last count around 382 ounces total at the present time. Only time I sold any was I sold a few Saints in the early 70's and as a favor to a friend I sold 10 Eagles to him when gold hit $1000 year or so ago.
I still recommend both but my emphasis is on Silver. Think it is highly underpriced even tho it's pushing $25 an ounce. I personally believe silver is absolutely the best percentage of gain item in the metals market right now.
My advice is buy buy buy buy SILVER now before it gets to $50 and up. Oh yes, it will get there before the 2012 election. Mark my word.  |
Then go and insure your loan by your precious metals and then cry a river while hitting foreclosure. It's about time "I told you so happens" for these metal preachers. You are like converted MLMers. Can't see through the fog and can't see why this metal got so far. Do you really think it's supply and demand here?
It's like when you buy a house just because you are afraid prices will go higher next year, only to see prices go south 3 years later so much that you have to refinance your stupid loan.
Same BS with gold.
Go in if you can get out at the right time. Just