08-12-2008, 09:49 PM
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Hummer Guru
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Join Date: Dec 2005
Location: In a FREE U.S.A. where Marxism, Socialism & Communism is not allowed !
Posts: 5,485
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Re: INFLATION, will buying Gold or Silver be a good idea...
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Originally Posted by rck0025
I haven't read any of the responses, so I apologize if this is redundant. Gold has been doing very well for a very long time. However, there appears to be an inverse relationship between (the U.S.) value of the dollar and the price of gold. As the dollar has been strengthening recently, I would steer clear from Gold.
I agree that inflation is horrible right now, and the investment decision short term is seriously constrained. But I tell you what, send me your money and I promise to buy lots of cool things with it. That should increase consumption and help our GDP.
p.s. Playing the FOREX market is an option if you haven't already considered it.
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IMO the ONLY was to invest/buy/sell GOLD, Silver & Platinium is to take PHYSICAL POSSESSION of the product...All are down in value now, I feel gold and platinium can possibly drop a lot more so I'm unsure but silver is the ace in the hole...it may or may not drop some but I will be buying (already) and will continue at least to the $20 range...(when I say buy I mean bullion/silver coin) {not numanistic coins}... (buying on paper is to risky: stocks etc)
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