by Know Common Cents » Fri May 20, 2011 3:33 pm
It's gold's turn for the next couple of months. While gold is above $1500/oz again, it'll still be a slow climb up to the next $100 increment. Many silver investors are now disenchanted with the white metal. A couple of my neighbors are actually irritated at me that I even suggested it as an investment opportunity since the big drop. They say that since it dropped so much, that'll continue and they could easily lose an easy 30% of their investment even at these levels. I reminded them there are no guarantees on anything, but it has intrinsic value. Not good enough for them.
They each have bought gold. Gold has an advantage with it's portability factor. Average Joe or Josephine Sixpack could easily carry $100k in 1 oz gold American Eagles. An equivalent amount in silver would take as my Dad used to say "two men and a boy" to carry it all. 2500 silver Eagles would indeed have some heft.
"I don't know what I'm doin' but I'm sure havin' fun" Herman Munster
I've recently adopted the Groucho Marx philosophy for dealing with politics and other life challenges, "Whatever it is, I'm against it!" (Horse Feathers 1932)