“Precious metals are lousy investments.”
Really? I bought silver at 9.65 or so and gold at a bit above 250. Seems I did well in my investments since I have also sold silver at 21 and gold at 1300, plus bought more as prices went down. I’ll be buying more, too.
Good job. I started buying silver at 5.60 and I feel good about that. Not sure how I feel about the silver I got for 22.25.
Gold that I got for 320.00 is nice, and I'm still ahead of the game with the last gold for 730.00. It looks good on paper, but I sure don't want to sell now. Why? Because one day, and I don't know when, I may need some gold and silver to get me out of a jam that greenbacks might not get me out of. As in, dollars that are worthless, or nearly so. I might need some gas for the furnace when it's 20 degrees out, and the guy doesn't have a big enough wheelbarrow to carry the dollars away, but 20 or 30 ounces of silver makes him very happy. That's the value in PM's for me.
YMMV.