Ok this part is the easiest part. What i have been doing lately. From 2 years ago i was blindly buying gold. Why? Simply because of the fact my brother was doing so, i did not know what i was buying. I was just acquiring gold bullion or gold coins. He is known for his economic sense so i felt its time to jump onto the bandwagon.
Gold then was around 780-800 USdollars an ounce. 1 Troy oz is 31.1 grams.
Gold then was 25-26 dollars a gram.
Some of the Gold holdings i possess. I invest/collect in only pure .999 gold. I won't touch jewelery.
Today Gold is worth around 1371 US dollars an ounce. Or 43-45 US dollars a gram. My investment has grown by around 73-76%. Now tell me a bank that would give that amount of interest, hell if you can find a bank that gives 5-10% of your deposit without it being a fixed deposit or requiring you to dump in hundreds of thousands to the millions, then your a hero!
Oh yes gold has risks, but it is a smart calculated risk that i feel will win in the long term, if you are more daring with the proper education, you can try the stock market, you might be able to make more short-term gains there, well that is if you know what you are doing.
lets talk about Silver
Ah the poor man's gold. Still a great store of intrinsic value. Great fundamentals. I started pouring in some money into silver, not alot because i was a skeptic, i am still a little skeptical of silver in regards to the potential of gold, but i am bullish about silver compared to the economy. But despite my reservations, investing into silver i did!
A portion of my Silver Holdings. I dived into silver about a year back when it around 11-15 dollars an ounce. Today it is around 28-30 dollars an ounce. I made at least a 87 % profit from my initial investment, calculating more accurately, i believe it could reach up to 100%. And that is within one year. Better performance then gold. But i still prefer Gold (The stuff of dreams, greed and legends)
How does this relate to you?
Well simply put, i feel its better that you manage your spare cash carefully, if you are a guru in the stock market, so be it, if you believe in mutual funds that give u a miserly amount of profit (plus the fact you do not know the details about how your money is being managed) then good for you. If you love the smell of cash or just the sight of a fat wallet then omg, i have nothing to say. But if you want to take things into your own hands, and secure your money and possibly even make a handsome sum from an impending crisis that i feel is coming. Time to enter into Commodities. (Commodities is just a term for gold, silver, wheat, oil, soya beans. etc)
If you are thinking, Gold will fall eventually right? Then ill tell you this, the rich are buying gold by the tons, with their money, do you think they will allow gold to fall? Besides the economy today is violating the fundamentals. Its almost an economic war where we are the victims.
http://www.straitstimes.com/BreakingNews/Money/Story/STIStory_586785.html
If you are interested in acquiring more information for free. Please contact me at fsqsean@yahoo.com
or drop me a fb message.
My credentials? Simple, i've made a shitload of money. Nuff said.
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