hedge your position with gold and silver.
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
• 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.
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.
• 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.
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
• 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 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!
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.