Anyone buying silver/gold?

I agree that it would be best to have physical possession of it.
I definetly wouldnt buy it on "paper"
If the economy did ever collapse you at least would have the silver in your hands.

 

If you're looking for a return that is similar to the market, there are index funds or various ETF's out there that would allow you to see a return similar to that of the major indices. Than you could use physical gold or silver or an ETF of either as a inflationary hedge, as metals have been trading similar to a currency in more recent yrs. A good hedge to have would also be in a short term bond ETF like VCSH, this is a SHTF kinda hedge, which will retain value in most cases (main reason for it losing value would be if rates rise sharply, a steady increase in rates would still allow the ETF to retain value). A possible aggressive allocation would be something like 70-15-15 respectfully. A less aggressive allocation could be 50-25-25. Again, up to you. If you don't have a financial adviser, it may be a good choice to talk with one. Ensure they are a CFP or CFA, that way they have a fiduciary duty to their clients.

 

Not exactly what you were looking for, there savings bonds that pay 1.5% plus inflation.

It's not a huge return.. But you get the 1.5% interest plus figuring 1.7% inflation rate nets you 3.2%. (Inflation rate recently was as high as 4.1% in 2008) You would have made 5.6% that year.

 

If the economy did collapse I would want as much nonperishable food as I could get the gold and silver would be useless food would be your most valuable currency.

 

my point was that if it ever collapsed and you owned metels on paper thats about all you would own...a piece of paper.

 

You do have a good point though...........
look what you could get for a twinkie now days...

seriously though i do see your point.

 

Sorry I didn't mean to disagree with you I just made a different point. I do agree if you invest in gold or silver have the metal not the paper.

 

How'd we go from RJ investing to a doomsday economy collapse?

 

Didnt mean to . I was just saying I would rather have it on hand than paper and stated the reason.

 

No problem ........I understood what you were saying.

 

I would want it on hand either way as well.

 

That is supposedly one of the biggest selling points to gold investing. If the economy collapsed then gold would be a valued commodity. Like was previously mentioned. Food would be much more valuable.

That's how we got there.:D

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Thanks everyone so far for the thoughts. If anyone else has more thoughts/suggestions I'd love to hear about it.