SilverDJ's comments and advice is good. Everything that one can invest their money into has it's own set of risks....this includes physical precious metals and penny stocks. In 30 years, silver may be seen as valuable and important to people as an 8-track tape player. Technology and new inventions could potentially replace the industrial use of silver altogether. Silver is NOT money today and likely will never again function as money. Where would that leave someone who invested their cash into blobs of silver? They'd be on hurt street for sure. But everyone is entitled to take their own risks with their own money. .
That is indeed a non-zero risk. Gold is by far the lowest risk solution in this aspect I think. If I had money I had to leave in a time capsule for my kids in 30 years time, it would be put into gold.
If you have a look at the percentage returns, year on year, on the page that the graph links at the top of this page goes to, PMs don't do bad compared to the standard super fund. The downslope isnt too good, but except for a couple of years, the annual returns haven't been bad. Those who are very dismissive of PMs as an investment should have a look at those numbers carefully.
Remember though that PM's do not pay dividends and therefore don't have compounded growth, which if you are talking 20-30 years is real big deal.
What about creating this account: https://www.abcbullion.com.au/gold-saver/gold-saver-features ? At least you do get some exposure to Gold compares to just investing in Term deposit.
buy gold miners. quality ones. asx top 5. read a lot first. once you have some of those, read a lot more. buy some top 10. spread the money across several, don't go all in on one. look at some shares that have gone to zero. quite a lot of companies go belly up. keep this in mind. keep some cash aside. turn some cash into physical. don't buy speculative stock. don't be afraid to take a partial profit (let good trades run) or cut losses totally..
Hi NSW 2206, Would you be able to share which top 5 miners that you are holding ? Does S2R.AX included ? I'm trying to find some other alternatives since this subscription http://pro.portphillippublishing.com.au/s9gttgoldlaunch/WGTTS904/ too expensive AUD $1499 annually.
