Showing posts with label precious metals. Show all posts
Showing posts with label precious metals. Show all posts
Limit In Gold 1800
If I were to want to buy into gold I'd be thinking about leaving a buy at 1800 sitting around now. I would say to shoot to buy for less, and you have a good chance of seeing 1760 or less, but I would hate to miss the run up that looks setup in the short to mid term. I would guess gold goes to 2000 before any real check after bottoming its recent downturn.
Silver vs Gold
Statement:
In short: Silver is a better investment than gold for a number of reasons that end up being unimportant because of the nature of the inflation we face. Silver and gold are both great investments presently, as well as being excellent stores of value. Gold is going to cost more U.S. dollars to purchase in the future. If you want to have more USD in the coming weeks, months, and years, then buy silver now and sell it later. If you want to avoid the value loss associated with holding USD then buy silver and gold. Additionally, if you would like to preserve value in the face of a discredited (no pun intended) collapsing world reserve fiat currency which is causing havoc everywhere silver will do that too!
In short: Silver is a better investment than gold for a number of reasons that end up being unimportant because of the nature of the inflation we face. Silver and gold are both great investments presently, as well as being excellent stores of value. Gold is going to cost more U.S. dollars to purchase in the future. If you want to have more USD in the coming weeks, months, and years, then buy silver now and sell it later. If you want to avoid the value loss associated with holding USD then buy silver and gold. Additionally, if you would like to preserve value in the face of a discredited (no pun intended) collapsing world reserve fiat currency which is causing havoc everywhere silver will do that too!
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