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re: Just dumped some cash and bought gold, good or bad?
Posted on 8/15/14 at 6:54 pm to JoeMoTiger
Posted on 8/15/14 at 6:54 pm to JoeMoTiger
JoeMo
In my opinion metals are still priced a bit high and take somewhat of a beating historically as interest rates rise. That being said having a portion of your portfolio in metals aint a bad idea as the government is trying to devalue the dollar and metals can be somewhat of a hedge. I am not as sophisticated as some on this board but buy a few bars of silver monthly and gold coins on occasion. It is nice to invest in somthing tangible you can hold in your hand.
In my opinion metals are still priced a bit high and take somewhat of a beating historically as interest rates rise. That being said having a portion of your portfolio in metals aint a bad idea as the government is trying to devalue the dollar and metals can be somewhat of a hedge. I am not as sophisticated as some on this board but buy a few bars of silver monthly and gold coins on occasion. It is nice to invest in somthing tangible you can hold in your hand.
Posted on 8/16/14 at 11:23 am to cave canem
quote:
JoeMo In my opinion metals are still priced a bit high and take somewhat of a beating historically as interest rates rise. That being said having a portion of your portfolio in metals aint a bad idea as the government is trying to devalue the dollar and metals can be somewhat of a hedge. I am not as sophisticated as some on this board but buy a few bars of silver monthly and gold coins on occasion. It is nice to invest in somthing tangible you can hold in your hand.
And I like to lay mine out in the floor and roll around in it like Scrooge McDuck. Can't do that with stocks.
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