hedge your position with gold and silver.

@iwrite (5040)
Singapore
February 28, 2011 1:28am CST
Inflation has cause the prices to rise, the world troubles in the middle east and north Africa are cause price to rise and storm, flood, earthquake and other natural disasters are cause the storage of supply and prices to go up. The value of your money would be going up and up, I found from my research that the best way to hedge yourself with this position would be buying gold and silver. If you have some spare cash, do not put in the bank, put it into physical gold and silver.
3 people like this
13 responses
@celticeagle (122953)
• Boise, Idaho
1 Mar 11
Yes, gold and silver has always been a very good way to save for inflation and for the silver years ahead. It has gotten awfully expensive and I could never afford to get any, plus, I would probably have to take it right back out to live on so it doesn't work for me. It is great for people who have two salaries coming in and might be able to afford such a venture.
@iwrite (5040)
• Singapore
1 Mar 11
The point is that you need to start somewhere, to invest and get out of the cycle, else you would be there thinking what could have happened. I started to invest, a small amount no doubt but it is a start.
1 person likes this
@celticeagle (122953)
• Boise, Idaho
1 Mar 11
I have done so in the past. I just find it very hard to now days. Impossible infact.
1 person likes this
@iwrite (5040)
• Singapore
3 Mar 11
Well if you are comfortable with it at the moment, anyway by the way thanks for leaving the comment, hope you can come back soon.
1 person likes this
@jennyze (7045)
• Indonesia
28 Feb 11
That's true. There is a financial adviser in my company and he has urged me to buy more and ore gold as in the end gold will value better than money in the banks. In only 3 years time gold value increased to 400%. It tells something, surely.
1 person likes this
@iwrite (5040)
• Singapore
28 Feb 11
in the pass 10 year it has increase by 400% so he is expecting it to grow by 400% in 3 years time, now it is time to get more and more gold.
@jennyze (7045)
• Indonesia
1 Mar 11
Yes, he predicted that by 2015, it will grow another 400%. But really, I cannot afford to buy more at today's price.
1 person likes this
@iwrite (5040)
• Singapore
1 Mar 11
Well you should look at silver then, I think Robert did mentioned about being good and cheap still but still have room to go up.
@jennyze (7045)
• Indonesia
3 Mar 11
Thank you, I would remember that. Good luck with the site and buy more gold, please...
1 person likes this
@iwrite (5040)
• Singapore
3 Mar 11
Thanks jennyze Well my bonus is coming in next month, and I would be putting whatever I have minus expenses. I am hoping to have returns of about 40% each year for 3 years.
@jennyze (7045)
• Indonesia
3 Mar 11
I meant to comment on the existing box, somehow I made another box here. I did not get my bonus this year, sales did not reach target, so I would be happy just hearing from you that you succeed in buying more...
1 person likes this
@iwrite (5040)
• Singapore
4 Mar 11
I guess it is ok. And people have been telling us the economy is getting better, I think we ought to let the people how bad the people on the ground floor are really feeling. I would be successful, mark my words.
@sharic19 (70)
• United States
1 Mar 11
Yeah. You're right!
1 person likes this
@iwrite (5040)
• Singapore
2 Mar 11
I have done some research sharic19, I hope my deduction is correct too, I am putting money into the market.
• United States
2 Mar 11
Yeah. Good Luck iwrite.
1 person likes this
@iwrite (5040)
• Singapore
3 Mar 11
Well I guess more of hard work rather than luck would earn more money.
@mythociate (16265)
• Oklahoma City, Oklahoma
21 Apr 11
I agree. Money is NOTHING BUT 'THE POWER TO BUY' (NOT the power to sell, which lies in the hands of the producer). So if you HAVE money that you are not USING (or SAVING for a SPECIFIC use), you are wasting everyone's energy! I think silver is a better investment---more useful, maybe more durable.
@iwrite (5040)
• Singapore
30 Apr 11
The issues for us in Asia it might be easy to buy silver but to sell it might not be so easy, the perception of gold is still the best way to hedge on your money.
@kun2349 (23464)
• Singapore
9 Mar 11
haha yeah, i agree!! Best way to get mroe money in these time and day, would be buying of gold and silver.. haha =D It's useless to have our money in the banks, letting the banks buying bonds, or whatever useless sheets of paper, yet end up lossing everything.. haha =D I would feel safer with my money being tied up with gold and silver because their prices are on the rise right now
@iwrite (5040)
• Singapore
30 Apr 11
Good for you, tell me if you want to profit more from your gold. cheers.
1 person likes this
@JenInTN (27547)
• United States
2 Mar 11
I know that gold went up a couple of years ago quite a bit. People that had "gold stashes" really hit the jackpot. People sometimes focus on interest but the fact is that the bank just uses your money for its own purposes. They pay the interest..and its there..but it is different to invest in things that rise in value. Will gold be as important in a year? I don't know but it sure seems to be rising in value as of now. Do you think its like a stock?
1 person likes this
@iwrite (5040)
• Singapore
2 Mar 11
JenInTN Well I have done some research, I think it would still go up.
@drannhh (15235)
• United States
1 Mar 11
I personally think the economy is too volatile right now to trade in precious metals, but I did buy some when gold was around $300 an ounce and sold it before it broke $1000.
1 person likes this
@iwrite (5040)
• Singapore
1 Mar 11
Well you took a good run, however it is really too high at the moment I am not so sure. We are all entitled to our opinion.
@Sanitary (3969)
• Singapore
1 Mar 11
Yes, i agree with u too. I have thought about it too, but gold prices are really too high now. It's not worth it to throw our money into it, with little profit over the years. I would go for silver instead because it's cheaper, and there's a much bigger room for more profits in shorter time. I might start with silver coins, but i would be tempted with gold because they look so beautiful!
1 person likes this
@iwrite (5040)
• Singapore
1 Mar 11
Sanitary Is it too high now? or is it still worth the effort to look into it. well you might want to see what is my deduction.
1 person likes this
@rettadou (58)
• China
1 Mar 11
but if the flood is coming,what should i can do with my gold?
1 person likes this
@iwrite (5040)
• Singapore
1 Mar 11
rettadou Now that is creative, however if you think of investment there is a risk. If you have a lot of gold you can put in a vault.
• United States
28 Feb 11
Yes i agree the Gold is a good investment at this time, It has gone up 400 % in the past few years i remember then it was 300 a oz and now it is like 1,300 . also a roth ira is a good place for your extra money as well.
1 person likes this
@iwrite (5040)
• Singapore
1 Mar 11
Totally agree, I still think there is still room to go upward. so instead of puting your spare cash into the bank, buy some gold.
@sumanadep (1229)
• India
28 Feb 11
Buying gold is a safe way of investment and is sure to get you some profit in future.. I agree with you. .. If you have some extra cash buying gold is worth it.
1 person likes this
@iwrite (5040)
• Singapore
1 Mar 11
Well the point it would hedge against inflation which is very high at the moment. Plus when things goes bad, people would still recognize gold as it has value. I rather put the cash into gold than into the bank.
@nangisha (3504)
• Indonesia
28 Feb 11
We had great inflation last years by increased price of rice and chili and its because crop failure in few area. As always when demand higher than supply its always happen. But now every thing already back to normal and we got the reasonable price again. I always think 24K gold always great investment but its will require safe deposit box because its not safe to put at home. Its mean extra charge. Any way its will require to saving the money before I can buying gold.
1 person likes this
@iwrite (5040)
• Singapore
28 Feb 11
I am not too sure about this 24k, but it is 99.9 gold that is worth all the value. if you can get the certification from LBMA as the are recognised worldwide. The value of money seems to be sliding and therefore it is wise to keep gold.