Shouldn't I be investing in GOLD and SILVER since the government is causing so much inflation of the dollar?
Answer:
no, because those dollars are already intended for something/government projects. but even me is also wondering where the dollars gone... i think corruption has to explain this phenomenon anyway how could you invest gold or even silver if our country is still plunged to its lowes level.
hiyawwwwwwwwooooo..
which government are you talking about? With the exception of energy prices, most prices are actually fairly stable. largely due to cheaper prices on imports.
Those two things are about as much of a dumb investment as is a new car , the majority of actual gold ,and silver prices are far lower than the 40-60% retail mark up . Just invest it in a IRA , or mutual fund. leave credit cards out of your life 100% , and then you should be fine . Until we have universal health care , then everything is going to cost double , not just every tax you pay , the income tax will be more than double what is is today , a KIA will cost you 50 or 60,000.00 , and a half a mil on a new home, You think inflation is something now , just wait until Obama , or Hillary take the wheel , then we will be in for a wild ride . Or have you not seen how much more it costs you when a politician declares something as "progress" or " for the people" it is outrageous. I just hide my money at home , I live off two weeks pay , and save the rest , I actually done pretty well too , and there is no trace or paper trail I have to account for either . two years left on my house , no credit cards , no car payments , I am good to go for a while .
Temporarily it is better to invest in short term fixed instrument.
The only ones who think precious metals are a good investment are the people who have precious metals to sell.
Precious metals haven't kept up with the rate of inflation. Silver was selling for $5 an ounce 30 yrs. ago. $10 an ounce today. Compare that with the cost of oil, or mutual funds over the same period.
The demand for most precious metals is for jewelry and electronics manufacturing. This means the price of most precious metals fluctuates with the rest of the economy. When things are booming and consumers are buying jewelry and electronics the price is up, when the economy slows down, people stop buying jewelry and electronics, the price of precious metals drop.
If a depression ever hits, a case of beans would be worth more than gold or silver. You can eat the beans and stay alive, but no one will have the money to buy the gold or silver from you.
No, buy stocks. Check out the 50 or 100 year charts of those metals compared to stocks, they underperform by a lot. Stocks compound about 10% a year while gold and silver maybe 5%
The answers post by the user, for information only, FunQA.com does not guarantee the right.
More Questions and Answers: