Investing in gold and silver.

[Jangalomph]

After burying a time capsule with a 5 troy ounce Silver bar in it, that i plan to unearth on 10/10/2011, I got the idea of investing in gold and silver. I bought the silver for about 55 dollars which is now worth about 100 dollars. And i have 3 gold bullion coins that are 1/4th troy ounce 1/6th troy ounce and 1/8th troy ounce.. Pretty sure that's the weight. Which in turn is probably over 200 dollars noting that one gram is worth 33 dollars as of the official gold market. One troy ounce is worth about $1100. I know that that can change over a period of time and drop even to $500 dollars. What i'm asking is.. If you play smart could you gather quite a bit of money/ wealth from buying gold and silver?

I have the bottom 3. Not the biggest.


Off topic.. just the way the look is freaking awesome.

[Megadude]

I think so. Precious metals, especially gold, are one of the things that seem to do ok in all economical climates. Generally these things will go constantly go up in price, and are seen to be quite good stable investments.


(I just had to retype about 10 words in the post. Damn this not-being-able-to-type-when-drunk syndrome).

[Stubby]

Naw, once this current resession ends the prices will go down. Invest when the stock market is hot, sell when the stock market is cool.

[Sathor]

Gold and silver are great to have value for emergency situations. You have to wait for a good time to buy the stuff. If you want to "earn" money, you have to sell again to have profit, buy more when the prize drops again. The usual stuff. But you can also distrust the current situation of banks etc. Gold and silver will NEVER drop as much in value as other things can, especially gold. So, with perhaps 500 g of gold (about 10,000 dollars currently, if I am not mistaken), you would have a nice back up.

[Jangalomph]

Well thats kinda my reason i collect coins etc. Not just for the gold and silver, But coins are flat out awesome! Also they hold hundreds, and thousands of dollars in value, and its just a small piece of metal. So i've got a back up plan. But i need more of it

[Dionysos]

Naw, once this current resession ends the prices will go down. Invest when the stock market is hot, sell when the stock market is cool.

This recession will never really end.

In light of this, you can't do much wrong with gold/silver/platinum etc, just hold on to it long enough if the prize should go down temporarily. Thing is to find a buyer once the shit *really* hits the fan.

[Meathead]

What if you keep it in the ground longer? does it not become more expensive yet pass it down to your kids kid

[Zipfinator]

What if you keep it in the ground longer? does it not become more expensive yet pass it down to your kids kid

NECROBUMPER!!! THIS IS LIKE THE 8TH TIME!!!

[Dionysos]

What if you keep it in the ground longer? does it not become more expensive yet pass it down to your kids kid

NECROBUMPER!!! THIS IS LIKE THE 8TH TIME!!!

Multitude is not the only flavour these bumps come in.

*looks for treasure*