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Investing opinions: Gold? Silver? Platinum?
6-7-2005 | orionblamblam

Posted on 06/08/2005 11:16:31 AM PDT by orionblamblam

Simple enough question: what makes the best investment when buying precious metals? I'm in the market, and want to make sure I don't get overly stiffed. What with interest in fuel cells, I'd hazard that platinum might be good.


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KEYWORDS: gold; investing; platinum; silver
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1 posted on 06/08/2005 11:16:32 AM PDT by orionblamblam
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To: orionblamblam

You can't go wrong with steel - everyone uses it...


2 posted on 06/08/2005 11:17:54 AM PDT by 2banana (My common ground with terrorists - They want to die for Islam, and we want to kill them.)
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To: orionblamblam

Whatever you do, remember that the markups and commissions paid on both buying and selling bullion coins are going to be very high relative to the metal value. Also, the storage of physical metal (i.e. safe boxes) is not free, thus metal futures might be the thing to look at.


3 posted on 06/08/2005 11:26:43 AM PDT by GSlob
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To: orionblamblam

I have one word for you: Plastics.


4 posted on 06/08/2005 11:32:27 AM PDT by Mikey_1962
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To: orionblamblam; Constitution Day; Tijeras_Slim

5 posted on 06/08/2005 11:48:44 AM PDT by martin_fierro (Fingers of Fury™)
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To: orionblamblam

Buy into a mutual fund that specializes in Precious Metals & Mining. They invest in companies that explore for, mine, or make investments in precious metals.


6 posted on 06/08/2005 11:52:57 AM PDT by So Cal Rocket (Proud Member: Internet Pajama Wearers for Truth)
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To: martin_fierro

Fingers of Fury™ and a Mind of Merriment™


7 posted on 06/08/2005 11:58:47 AM PDT by jigsaw (God Bless Our Troops)
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To: orionblamblam
What was that bumper sticker I saw?

AMMO,the CURRENCY of the 21st CENTURY!

8 posted on 06/08/2005 12:00:33 PM PDT by litehaus
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To: jigsaw
I love Fox News, bur they sure have some sillyass commercials.


9 posted on 06/08/2005 12:03:27 PM PDT by martin_fierro (Fingers of Fury™)
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To: martin_fierro

Ann? ANN?


10 posted on 06/08/2005 12:16:18 PM PDT by Constitution Day (Burger-Eating War Monkey)
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To: Constitution Day

You just KNEW this was coming.

11 posted on 06/08/2005 12:19:26 PM PDT by martin_fierro (Fingers of Fury™)
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To: orionblamblam

My fav is copper. Not the metal itself, but mining companies. Phelps is the best for players as far as investment [the price jumps up and down a lot when the price of copper itself moves a little], with Rio Tinto doing not badly.


12 posted on 06/08/2005 12:22:36 PM PDT by RightWhale
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To: 2banana

Steel is the basis of all industrial economy, and it will do for asteroid mining as well. Investing in steel companies is kind of humdrum. It's too basic unless you are operating a mine yourself.


13 posted on 06/08/2005 12:24:15 PM PDT by RightWhale
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To: orionblamblam
Holding an actual commodity is very risky as large companies and large investors have more to do with the future price than actual supply and demand. Speculation in the futures for that commodity and the biggies taking "positions" are the primary movers.

Read up on the Hunt Brothers and the Silver market of the 70s if you want to see how you can get really stuck.

14 posted on 06/08/2005 12:28:07 PM PDT by KC Burke (Men of intemperate minds can never be free....)
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To: martin_fierro

Ha!

It's too bad you couldn't squeeze in Billy Mays with some OxyClean.


15 posted on 06/08/2005 12:29:22 PM PDT by Constitution Day (Burger-Eating War Monkey)
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To: orionblamblam

Guns and Ammo will provide in hard times better than "precious metals" unless you plan on eating the metal.


16 posted on 06/08/2005 12:37:48 PM PDT by ChefKeith (If Diplomacy worked, then we would be sitting here talking.)
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To: orionblamblam

Invest in Tennessee_Bob. That's right - send me a check. You'll have my thanks and undying gratitude - and you can take that to the bank.


17 posted on 06/08/2005 12:46:05 PM PDT by Tennessee_Bob (The Crew Chief's Toolbox: A roll around cabinet full of specialists.)
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To: ChefKeith

> Guns and Ammo will provide in hard times better than "precious metals" unless you plan on eating the metal.


Silver makes dandy bullets. Good for taking out the radioactive werewolves and vampires I expect to encounter after The Fall.


18 posted on 06/08/2005 12:53:08 PM PDT by orionblamblam ("You're the poster boy for what ID would turn out if it were taught in our schools." VadeRetro)
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To: KC Burke

> Read up on the Hunt Brothers and the Silver market of the 70s

I thought those were the goobers who drove the price of gold to $800/ounce?


19 posted on 06/08/2005 12:53:49 PM PDT by orionblamblam ("You're the poster boy for what ID would turn out if it were taught in our schools." VadeRetro)
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To: orionblamblam

Investing in cigarettes and booze hasn't gone wrong for me yet...


20 posted on 06/08/2005 12:57:13 PM PDT by general_re ("Frantic orthodoxy is never rooted in faith, but in doubt." - Reinhold Niebuhr)
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