You are viewing a single comment's thread from:
RE: Graded (slabbed) GOLD coins versus generic bullion
I am new to buying gold. I have two reasons for buying. 1.) I like it , its cool 2.) I want to have protection against a 2008 scenario.. What are your thoughts on reason #2
Precious metals investing is like an insurance policy. You will never get a 'market' type of return on investment, you hopefully never have to use it and it is all ways good to have. So yes, gold and silver are a great way to protect yourself from a 2008 type of even. PMs will not get you rich (unless your piles are high and deep) they will provide a hedge against the oncoming financial straits.