don’t put all your eggs in one basket. put maybe 15-20% of your eggs in this basket. Krugerands are better than sovereigns. Gold eagles are slightly better than sovereigns to some people. 10 silver eagles are probably better than a single 10 ounce bullion bars. Be aware of the tax policy of your state before you buy. Here in Ohio, we pay state sales taxes on metal purchases. If I drive over to Michigan, I don’t. That can really affect the value of your investment. Prices seem pretty low right now because the market is looking good. They could go lower. Then again, something crazy could happen and metals could skyrocket. Bottom line, don’t get into metals thinking you can get out in 6 months having made a huge profit. That could happen but chances are it won’t. get into metals for the long term and think of it as an insurance policy against disaster and inflation. anticipate fluctuations. The government’federal reserve is very much anti-metals btw.
>>Be aware of the tax policy of your state before you buy. <<
Yikes! It never occurred to me I could be taxed on this! Thanks, I think I might owe you 8.5% (of course that is a Karma debt)
>> Bottom line, don’t get into metals thinking you can get out in 6 months having made a huge profit. <<
I always invest in the long-term. I am planning on a 20 year horizon and mostly to keep my wealth away from a Cyprus/Brussels/coming soon to the entire EU then the US flat-out confiscation/redistribution.