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Old 10-01-2011, 07:00 AM
bbcard1 bbcard1 is offline
T0dd M@rcum
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Join Date: Jul 2009
Location: Roanoke, VA
Posts: 3,332
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I usually get $100 travel reimbursement every couple of weeks. For the last couple of months, I have been buying a silver round each time...sometimes it costs 30, sometimes it's 40, maybe some day it will be 20 or 50. I just don't worry about it. I particularlly like the Australian coins. I do think, for the average person, holding 5 to 10% of their savings in precious metals or other hard assets (some would say stones, but I think that is nuts) is probably sensible. Physical, not paper, of course.

Over the past year, I bought a little gold and haven't done bad or great....bought at $1500...saw it go over $2000 briefly, then back to $1600. I think Platinum may be a decent play (at parity with gold but much rarer), silver is fun but will always be volatile. I would not be shocked to see $100 or $15 silver.

If CDs were still paying 6% of if the stock market was not an absolute crap shoot, I would have probably never even thought about metal...and still don't in a significant way. .

OTOH, if I was that smart, I'd be rich by now.
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