Beyond Gold & Silver

[kfellmy]

I was reading an article about a guy who invests in silver and gold. When he cashes out he gets the money in the currency that is rising faster than the dollar. So when he cashes out of the currency he makes even more money. I had never thought of this. Currently I get the silver (i don't do much gold) and sell the silver on ebay.

Just an idea for all the gold and silver guys in here.

[Acein8ter]

I've got 520oz of silver now... Will sit on it for a few years. (American Eagles)

[kimchi]

He is still hoping that the price of gold will continue to increase and the dollar will weaken.

I happen to agree with him, but it's no foolproof plan.

It sound like you physically buy silver and take delivery? What advantage do you have over buying silver futures? You need to insure it, deliver it, store it etc...

[gonebroke2]

Why would he want to cash out and put the money in another currency rising more than the dollar when Gold and Silver are rising faster than all currencies?

[gull]

Gold and silver are rising faster than all currencies???? Please back up what you say.

[gonebroke2]

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Gold and silver are rising faster than all currencies???? Please back up what you say.

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Go to kitco.com for all the charts you need. For the past 5 years, Gold is up 122% vs the USD, 63% vs Swiss Francs, 46% vs EUROS, 61% vs Canadian Dollars, 63% vs Pounds, etc.

[ahnuld]

currencies dont "rise" relative to each other long term. Currencies are a zero sum game.

And its not hard to predict which currency will rise or fall, but you will be making less interest on investments in appreciating currecy according to the international fisher effect.

[RiverDancer]

The price of Gold and the value of the dollar are extremely inversely correlated. The only time both should consistantly rise or fall in tandem is in times of great inflation or deflation. So, it is actually pretty fool-proof if you pick the right direction. That's the hardest part, of course.

[ahnuld]

"investing" in the dollar or gold long term is silly.

[Acein8ter]

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"investing" in the dollar or gold long term is silly.

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You could have purchased gold in 2001 for around $270 and Oz. Right now its at $694 and Oz. Not a bad return over 6 years.