Why why why?

I

Iluvnumbers

Member
Having some free time this afternoon I thought I might ask peoples biggest reason to be involved in the precious metals market. Would appreciate some simple answers.

1. Investor
2. Hedging/insurance
3.Trader
4.Gambler
5.Don't know
6. Other

Will be interesting to see at this most uncertain time in the market place to see which group comes out on top!

Cheers
 
Iluvnumbers said:
Having some free time this afternoon I thought I might ask peoples biggest reason to be involved in the precious metals market. Would appreciate some simple answers.

1. Investor
2. Hedging/insurance
3.Trader
4.Gambler
5.Don't know
6. Other

Will be interesting to see at this most uncertain time in the market place to see which group comes out on top!

Cheers
Click to expand...

:)

http://forums.silverstackers.com/topic-26481-what-type-are-you.html
 
1. Investor

Although hedging/insurance plays apart in my thinking, basically I anticipate making a capital gain beyond any fiat inflationary adjustment. That's my punt anyway. So if I had to pick one it would be /1 Investor
 
for me 1-4 are all the same as in all 4 you realise there is a risk but youre hoping to avoid it. So all 1-4 are gamblers i guess
 
If you've seen The Lord of the Rings, and the fight between the 2 Gollum's brother in The Fellowship of the Ring,
ther you have the answer to your question.

Henrik "laughing out loud"
 
Firstly, investment. One makes a purchase in the belief that the metal can be sold at a higher price in the future.
Secondly, monetary status. Gold and silver have always been the ideal medium of exchange. Ask yourself why you would accept a US $100 note (worth about four cents) over an equal-value amount of gold or silver. Gold and silver are also constitutional money in the US and Australia.
Thirdly, a safe haven. Would you prefer paper assets or physical assets in times of uncertainty?
Fourthly, a store of value. In 1926 a new Model T Ford cost $350, the same price as 17 ounces of gold. Today, 17 ounces of gold will still buy you a new car. $350 will buy you a nice push bike today. Which would you rather keep under your mattress?
 
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