Originally Posted by Advocate
Agreed. Gold is not the solution. It was interesting watching people horde gold paying ridiculous prices only to then freak out as they watched the price of gold plummet. if the U.S. currency fails, we will have much larger problems. I would rather have provisions including an abundant supply of sought after ammunition.
Those people should not be investing at all, theres no sure thing. With PM's if you can't handle a loss, you sell past a certain threshold, rebuy later and sell when things move up a bit.
That's why I moved a bit into collector coins, I managed to pick up the odd coins at spot or slightly over when I can then sit on them for a while and sell them with the premium later.
I've seen a lot of people get burned by gold purchases because they didn't do their home work.