Gold and Silver Investment in 2013
Here is some interesting information about gold and silver investment in 2013. Both gold and silver lost about 30% of their value in 2013. At first look this may sound like we are having a great financial recovery, but I am not sure that this would be a true statement.
Silver dropped from about $32 to about $20 in 2013 and Gold didn’t hold up much better. I think they are talking about printing $75 billion in US Dollars to this year. If this is true it looks like precious metal values should not be as low as they are today.
2014 Gold and Silver Investment Ideas
Most people seem to have the idea that you need to be all in or all out when it comes to gold and silver investment. I don’t agree with this because you need to keep an open mind when it comes to precious metals or any other investment opportunity. Even if precious metals are good insurance against inflation it doesn’t mean much if the whole game is rigged.
I think the silver market is being manipulated so that the price of silver is artificially low. But that could work to your advantage if you have cash or other assets you can convert into gold and silver.
Gold and Silver IRA
Gold and Silver have become very popular in the last few years as people seem to be distancing themselves from the dollar. The Euro is not doing any better than the Dollar when you get right down to it. And when you factor in all the turmoil in the Middle East and around the world, you can see why precious metals are growing in popularity.
There is no doubt that investing in gold and silver is a popular idea now, but you may want to think about how you go about making the investment. Precious metals are an financial assets but they trade in multiples of 100 times the underlying physical. What this is saying is that when you buy gold and silver on paper the the same gold has been sold to 100 people. So who will end up with the gold and silver bars if the economy really goes under. The only thing you will end up with is a receipt for your metal that was suppose to be in storage. Buying physical gold and silver and storing it in a bank or other institutional depository is almost as bad.
Take Possession of your Gold and Silver Investment
You can actually take possession of gold and silver in your IRA and store it however you see fit. Here is a video that explains more about it.
Take a look at the CheckBook IRA Website to decide if this gold and silver investment information is something you would be interested in.