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Tuesday, August 02, 2011
Keep Your Eye on Gold and Silver
My advice to investors is to keep your eye on gold and silver prices for market reactions to the recent US debt deal. The US economy remains in a freefall, and many investors are still very worried given the extended macroeconomic uncertainties in the US.
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2 comments:
After making this post this morning, I watched as stock prices dropped by over 2% and precious metals climbed by 2% at the close -- I suppose the market's reaction to the US debt "deal" is now in, and the reaction is very negative...
If you never get robbed, you never have to worry about hiding your coins well. Gold is an exciting topic and it's ok to talk about it in general. However, there are a lot of people out there who want your money. Keep quiet about your gold bullion coins and you will not have to worry as much. Start telling your friends and word will spread that you have a gold hoard. This only invites trouble. As a closing thought, life is all about diversifying away risk. In your general gold storage strategy, think about how you want to diversify.
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