Do you own gold or silver as an investment? Why, and why not?
August 12, 2010 by
Filed under Silver Investment FAQ
Best explanation for why you own gold will get the Best Answer.
I only learned about gold/silver as an investment in 2005, and had started accumulating physical bullion little by little, as well as buying gold/silver mining shares. My investments have only recently started showing significant gains (i.e., double-digit).
The simplest answer may not be the best, but I have gold futures right now because the price of gold is going up, and that is reason enough.
gold is best, coz china is secretly converting all its dollar reserves in to Gold…so its going to go up & the opposite is going to happen to the dollar.
I have held South African Gold stocks for over 30 years. The reason was they used to pay the best dividends, now they don’t.
I started buying physical Gold & Silver as an untaxed long term storage of wealth about 1996. At first it didn’t do much but I kept accumulating, suddenly around 2001 it started to appreciate and my initial investments have almost tripled in dollar value.
I opened an off shore Gold holding account here:
http://www.goldmoney.com/en/sitemap.html
…In Aug. of 2001.
Again my original investment has almost tripled in dollar value, since that time.
This site also has a way to transfer ownership of Gold & Silver to holding account members.
It is a little complicated but worth the research, in my opinion.
Why do I own Gold?
Because I believe it’s still the worlds currency of choice, in the long term.
Thanks for the question.
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Dentist put it into my teeth years ago.
30% in gold mining shares.
I agree with EZ Traders & beesting,i own gold here!