1811 Capped Bust Half Dollar

1811 Capped Bust Half Dollar

Thursday, December 26, 2013

Silver and Gold year end thoughts

It`s been a tough year for Silver and Gold. The high for Silver was $ 32.49 to the "now" near low. Some say the price has been manipulated and probably has been. QE has been good for the stock market but not precious metals however keep this in mind. Our National Debt keeps rising and sooner or later will backfire with the stock market. In these times I reflect back to the 60`s when the smart money was collecting 90 % silver coins. Ahh, would we like to go back and save those now! Today it may be easy to be negative with precious metals but there is all the more reason to be diversified. 20 years from now we could be saying the same thing as we do now compared to the 60`s. Back then we could have collected 10 ounce silver bars for $ 30.00, now they cost $ 200.00. The same could hold true for the future. If Silver and Gold rebound then those 10 ounce bars and coins etc. could cost twice as much with much less chance of losing a bundle like what can happen with individual stocks. Companies can falter and are more susceptible to great losses and are much more reliant on government policies. Another point I would like to mention as before, freeze dried foods which last 25 to 30 years is another investment one should keep in mind. Famines do happen and when they do food prices could rocket sky high. So for 2014 hold your heads high and I wish the best of year for you in the coming year.

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