Is investing in gold or silver a wise investment in this age of uncertainty?
September 8, 2009 by
Filed under gold investment
Hi all, Any good advice on gold investment vs other investment ? How about investing in Gold certificate, gold savings account or buy gold bullion coins. What the difference & Which is a better choice ? Is investing in silver a good choice now as the price is very low compare with gold. I will never trust in Unit trusts as 100% of my investment has gone the drain, so now trying to DIY. Hope to hear from any guru 
Plenty of uncertainty around. I live in the USA, and despair at the clearly inflationary policies. As such, I think that gold and silver will hold value during times of inflation far better than cash, stocks, or bonds.
The problem with certificates and savings accounts is that if things really go wrong, you are holding a piece of paper. There are downsides to owning physical gold, too, but I feel those are more addressable.
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Hold onto that gold and silver because they should go up even more
Precious metals are a wise investment as they generally hold their value through the years. Gold tends to do better when the economy is doing worse. As the poster above me said, holding certificates is riskier than holding the actual metal. I think it depends mostly on where you will be keeping the metals. If you have a lot of space silver might be a good option, if you don’t, then maybe platinum or rhodium would be best. Weigh your options, and decide carefully where you will be investing.
If you hold physical gold at all, might I suggest certified rare gold coins. That way, it’s not just the fact they are gold, the rarity helps preserve your investment.