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Gold & Silver investments, should you?

We have seen gold reach new highs these past few weeks (over $1,050/ounce) and silver is pushing $18 an ounce. The question is simple, should anyone invest in gold and silver?

From my point of view, there are still economic woes to be faced. The residential real estate market may be close to bottom, but, in my opinion, a number of things could start another downward spiral. The Commercial real estate market is now going through much the same difficulties that the residential side suffered last year.

I read that we need to create 150,000 jobs per month just to stay even with new people coming out of schools and colleges. Instead, we are losing on average 500,000 jobs each month. The employment issue is still not resolved and just like with home values, we may reach bottom but neither home values nor new jobs will come back soon.

Perhaps a small portion of everyone’s portfolio should include some silver and gold. Both are readily available and can be stored in a safety deposit box. Depending upon who you talk to, Gold may reach $1,500 to $2,000 and ounce and silver between $25 and $30 an ounce. If that happens withing the next two years, the return will be good.

Just like any other investment, you should do research and satisfy yourself as to the value of investing in silver or gold. Perhaps 3 to 5% of a portfolio is a good safeguard against a falling dollar. Washington is still spending moneyh it doesn’t have and tax increases are on the horizon.

Cash is still king, but perhaps silver and gold should be a consideration.

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“Wealth comes to those who make things happen not to those who let things happen.”

Have a great  day!

2 Comments

  1. Rod Dennis on October 14, 2009 at 2:53 pm

    My understand that holding gold in bulk is not a wise investment. When selling gold that has been in the hands of a consumer, the authenticity of the gold must be tested which is costly. Having the gold or silver held by an organization is a better situation while holding gold stock may even be better.

  2. Nick Petra on October 19, 2009 at 2:18 am

    Rod:

    I know people who have been buying  both gold land silver for years.They have never had any problem.  silver and gold is bought primarily  in bullion form from the US mint, or from  reputable dealers. A safety deposit box is a great place to hold your money and for some, the peace of mind of having in a place with access, is important.

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