Now is the time to buy gold and silver
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Have you bought gold and/or silver to protect your assets?
See results without votingI would not normally state anything about gold, silver or more bailouts from the USA.
Rarely do opportunities come like this - the Federal Reserve Bank (FED) is helping bailout the banks - both overseas and in the states. Now is the time to strike.
The dollar will drop in value against gold and silver. There is no other avenue for "smart" money to go. It will not go to a currency .
The US and China have shared their plans for the future - they will inflate as much as needed to save the present financial system. China by cutting reserve requirements and the FED by cutting interest rates on currency swaps for banks.
What would happen if the FED did not do this, would be a disaster for American banks when European countries defaulted on their debts. This, the FED, would not be allowed to happen.
Hence, since the Ponzi scheme is showing on a regular basis that it's on the last legs of the game, gold, silver and most commodities will go up in values. There's going to be more dollars, and they're going to head to hard assets.
My opinion is silver as the best investment now. Not only is it hard money, there is still a large industrial demand for the metal. The double edge sword should give an investor a larger percentage gain than gold.
Houses prices will drop further.
Banks currently do not have any wish to give out loans on real estate at any price.
The concerns of the banks are currency swaps, derivatives and the companies that back them.
There is not enough profit on real estate loans and more in everything else - hard assets, the manipulation of stocks and bonds, and currency values.
Silver coins and gold coins would be the least volatile way to go.
Stocks second best - high-profile, good quality mines.
Stay away for ETF's. After MF Global stealing clients moneys, I would not trust anyone in finance. ETF's are set up stating that someone actually holds gold. This could be true, it could be false. I would bet on false.
To sum up the Hub - buy silver and gold coins now.
Second choice is to buy good quality gold and silver companies.
The FED just announced it is inflating the dollar big time, and hard assets are going to go up in value.
Best chance for good profit potential, in my humble opinion, is silver coins.
Buy until gold hits $1,900/oz. and buy silver until it hits $40. (I'm changing this to $60.0 per ounce. Gold is hitting all time highs, and silver should follow suit, eventually)
Rarely does the financial world show there hands so blatantly as the FED did today.
Now is the time to go for a ride on the silver and gold train to profits.
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Hi Rochel,
Yes it should be. Gold and silver are good ways to protect your wealth.
Thanks for sharing your opinion - very nice of you to do that!
Cheers
Good article here. Nice to know and thank you for sharing!
Hi Nicregl,
Thanks for the feedback on the HUb, greatly appreciated.
Cheers
Exactly what I've been saying for about a year and a half. One need only look to the Germany of the '20's to early '30's to recognize how vital gold, silver and gemstones (diamonds) might be worth in this uncertain future.
Germany pulled us ALL out of that Depression in a way we might want to remember right about now. The parallels are STRIKING!!
I agree completely and I've written several op/eds on this topic for a client. There's no better hedge and gold has historically held its value when everything else tanked. I voted this up and shared it.
Hi Donna,
Well you are one smart lady. Gold and silver have both down well since the US government has started it's inflation rampage.
I appreciate the positive feedback.
Have a great evening.
Cheers
Hi 34th,
Would agree with most of what you have stated.
As they say, "Great minds think alike"!
Have a great night.
Cheers
Hi John
Thank you for sharing this valuable information.
Voted up and awesome.
Cheers!
thumbs up here. really found this important and thanks for sharing
Hi Rednickle,
Thanks for the compliment.
Very rarely does the FED show it's hand so blatantly.
More inflation coming to your stores soon.
Cheers
Hi Sue,
Since you were smart to have no mortgage, the local coin shop is a good place to buy gold and silver coins, eh?
Support your local economy, but gold and silver at your local coin shops!
Thanks Sue.
Cheers
Claptona: Silver can be an excellent choice, in jewelry and in asset build-up.
Thank you for such a cogent presentation, voted up, etc.,
Derdriu
Hi Derdriu,
Thanks for you compliment and the vote up, greatly appreciated.
Rarely does the FED show it's hand so blatantly. Silver I think will offer the best return vs. gold.
To your continued success!
Cheers
Thanks for the great info. Bookmarked for further consideration.
Hi Gypsy,
Like most things, it won't go straight up.
But, rarely does the FED show it's hand - they did this when they announced the easing of currency swaps. This means they will do whatever it takes to get liquidity into the market.
More liquidity, more cash, more goes into commodities and the value of currencies go down.
Thanks for the bookmark - that is good for the Hub.
Cheers
not to be out of the loop but when did you write this and why only buy until silver hits $40?
Hello Eye,
I wrote it the day the FED announced they were lowering the costs on currency swaps for foreign banks, around Nov. 29, 2011
Good question on the $40.00 - I think I need to change that - $50 is around the all time high of silver. Silver is more manipulated than gold. In the long run, silver should hit $70+ per ounce.
With gold reaching all time highs, I probably should change that silver price.
Cheers
thanks - I think silver is a better extremely long time investment; I appreciate the info, I don't watch the news anymore
Wise choice, eye.
What ever happened to journalism in the main stream media?
Guess they became more concerned with their advertisers than reporting the news.
Cheers
I think it is not a good idea to buy gold or silver, it would be better to buy farmland.
Hi Nexstop,
As an investment, gold and silver would offer a better return than farmland.
On the other hand, if one really wants to produce foods, it would be wise to buy farmland in certain areas of the world - though percentage wise - gold and silver will offer a better short term gain.
Thanks for voicing your opinion, greatly appreciated.
Cheers
I don't think that gold or silver offer a better return because food prices rise much faster. Follow people like George Soros or some Chinese investors who buy farmland.
Hi Nextstop,
That is why they still make chocolate and vanilla ice cream - offers choices to people.
George Soros likes farmland, governments are increasing their gold reserves, and Jimmy Rogers is long gold.
To each his own - no one has to take my advice.
I appreciate your opinion, and wish you safe travels.
Cheers
Please be careful about your advice. We aer not in depression yet.
I bought high and had to sell low. Does not work for all.
Hi Laura,
The end game is not over yet.
Problem's with the US inflating and Europe inflating - gold and silver go up.
Nothing ever goes straight up - always ups and downs.
Thanks for sharing your opinion.
Cheers
Good investments in economically troubled times. And they can be attractive in jewelry form.
Hi Alocsin,
Thanks for sharing your opinion.
Greatly appreciated!
Have a great weekend!
Cheers,
John
rochelj Level 2 Commenter 5 months ago
Gold and silver should naturally be a good backup in case money loses it's value.