View Single Post
Old 12-08-2005, 09:02 AM   #10 (permalink)
xepherys
<3 TFP
 
xepherys's Avatar
 
Location: 17TLH2445607250
Here's the way I see it. And remember, I'm new to this (plan to buy my first bullion in January).

Platinum is a great investment because it's useful. Palladium, specifically, seems to be very useful, has a reasonable spot price and also happens to be beautiful metal. Platinum is about as sure a way as you can invest in precious metals.

Silver is a decent investment. It's cheap, and therefore can easily be purchased as larger (heavier) bullion. It's well-known and has uses. It may not be worth much per pound, but it's also not going away.

Gold is a standards investment. It DOES have industrial uses (many, in fact) aside from being a worldwide commonality for riches and wealth. Also, to hell with the 70s or the 1800s... Gold has been a valuable commodity since the dawn of history. Having gold "come back" as a world currency is almost a silly statement. I understand the premise, but has it ever really NOT been a world currency? Sure, most people don't walk around with a sack of dubloons hanging from their waist these days, but it's still global. Also, it a great investment strictly by weight. If your local economy collapses, every other major economy in the world is STILL going to have a gold market. *shrug*
xepherys is offline  
 

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62