Friday, August 27, 2010

Silver and Gold

Wait.. don't change your channel. This is not Gospel hour on BET. Sit back, relax as i give you a different kind of sermon. You don't have to give an offering, actually, this advice will help put money your pocket!

What's there to say about gold coins, or investing in a rich commodity such as gold or silver that has not already been said? Thing is, even though pundits continue to preach the gospel about how important it is to invest in gold, consumers/investors still prefer to take their chances in the currency and stock markets. Not to say that these aren't lucrative avenues. However, has anyone heard of a little something called a recession? The fact remains that whenever a country is doing poorly economically, commodities such as gold do well.

Gold will never face inflatory challenges because ... well, its gold. You can't go out and just make more gold, it's mined in caves. It's a precious commodity. The fed cannot go and print more gold to bail out a company or boost the economy. Why not? It's gold. Therefore, if you have gold, you have something a lot of people do not have. And you have a store of value that more often than not increases in value as time goes on (Unlike cash).

People, lets get with it. Be smart, buy gold coins.

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