Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Silver! I turned on Fox News, and what do I see? A company who pushed for gold a few years ago is now hawking silver at the gullible masses. Yep, that's right. Silver is the new gold now, now that gold shows an overall decline from the high in 2011. Gold has lost $500 of it's value per ounce since then, and the trend shows decline. No wonder silver is now the hot new commodity being pushed onto the gullible masses.
I think holding some precious metals is smart. PM's have maintained their value for centuries...can't say that about any fiat currency (they typically collapse). The US dollar has been fiat since 1971.
Depending on your tolerance for risk, both seem like good investments.
An investment that lost $500 of it's value in 3 years, and is not showing signs of an upsurge, is a good investment?
Quote:
Originally Posted by aplcr0331
You watch Fox News? What were you saying about gullible masses?
What, so, somebody who isn't right wing is not supposed to watch Fox? Sorry, missed the memo that you need a club membership in order to be allowed to watch CNN, MSNBC, or FOX.
Quote:
Originally Posted by T-310
I will continue to buy gold since the dollar is backed up by promises from a serial liar.
That's your prerogative.
Quote:
Originally Posted by pknopp
Stock market at record highs.....Liberals and Democrats promoting Wall Street and banks over main street.
At least there we have a smidgen of facts.
Fed continues to dial back QE, which is a sign that the foundation of the economy is more stable than many on the right would have said. The predicted hyperinflation never happened, unemployment is down, including the U6 rate.
An investment that lost $500 of it's value in 3 years, and is not showing signs of an upsurge, is a good investment?
I view PM's as more of a solid, safe "store of value", than an investment. I think many people feel the same.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
