[MeganC]

Only a fool invests in precious metals. Gold and silver are a hedge and not an investment. You buy gold and silver for the same reasons you buy fire extinguishers, guns, and ammunition.

You buy them because you might need them, not because you plan on selling them someday.

[CodeToad]

“You buy them because you might need them, not because you plan on selling them someday.
“

You sure about that? People make plenty money selling PMs. I did/do.

[Errant]

You're right and I guess he hasn't heard about death and taxes when he makes the statement, "but this, like everything in life, is temporary..."

Also, he's discounting the fact that government spending and currency devaluation will only increase at an ever accelerating rate.

[NormsRevenge]

You buy gold and silver for the same reasons you buy fire extinguishers, guns, and ammunition.

—

I wish my wife was more into the latter and not the former. ;-)

[Wpin]

I own all of what you used as an example...fire extinguishers, guns, and ammo...but I own those for different reasons than I buy precious metals. I make money with precious metals...gold is perhaps one of the safest investments one can make...the consumer demand for gold has out paced the new supply of gold for over a decade..that alone makes it a good investment.

Of course there are times to sell and the re-buy but precious metals are great to invest in...and easy.

[cuban leaf]

I just checked Coinflation.com. Silver’s not getting hammered. It’s still in the $31 range.

I agree though. I’ve bought nothing but junk silver (and a dozen silver eagle proofs I got cheap). I’ve never sold a single coin.

I get them to eventually spend, not sell.