Your Questions About Invest In Gold And Silver

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Paul asks…

Planning to invest in gold and/or silver.?

I’m new to this. What is the best advice to someone who is new in investing in gold and silver?

Is it advisable to buy gold and silver coins?

financi4 answers:

If you bought gold back in the late 80’s at over $800 it took nearly 20 years to get your money back, forgetting about all the interest you gave up in the meantime. The best time to buy gold is when it’s out of favor, not when it’s near an all-time high. You could have bought it a few years ago for under $400 to buy it now at nearly $1,000 sounds very speculative to me. Better to buy oil or oil stocks in my mind. Something north of 95% of the gold ever mind is still out there. It doesn’t get used up or thrown away. It gets recycled or turned into bullion which stays around forever. Each year more and more gold is mined so the supply is forever growing. Every day we burn millions of barrels of oil, never to be replaced. Oil is harder and harder to find and at some point the world will run out of it. Oil may not be as sexy as gold, but if you want to make money, it’s the way to go.

Joseph asks…

Deterine the merits of investing in gold silver and copper?

10 points for best answer

financi4 answers:

If a company closes, a stock can become a piece of toilet paper while gold, silver, and copper will be useful (so will have some value no matter when) forever.

David asks…

Is now a good time to invest in Gold and Silver?

financi4 answers:

Depends who is president. If you get Ron Paul or Chuck Baldwin, their chances of bringing dollar to gold/ silver standard is huge. On the other hand, if it is Obama or McCain, they might increase inflation. Therefore, it depends. Also, you donno what will happen in the future, but it does looks like the economy is going bad with the dollar falling in value.

Daniel asks…

I want to invest (gold) more aggressively over my allowable earnings. Are there investment loans available?

I am interested in investments like precious metals–silver & gold bullions. Can and will banks use this as colateral against a loan? Any information on the type of investment loans available would be a great start for me.

Thanks

financi4 answers:

Anyone that would loan you money to speculate in anything would have to be a moron!
If you already own such things, some institutions would use them as colatteral, but usually at 50% or less of current market value.

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