Long Position on Silver and Gold?

Government taxation is the biggest enemy of our retirement plans and our biggest unknown.

My distrust of the government knows no bounds, as government continues to slide left we'll see more parallels with socialist history.

In total agreement. I plan to invest and make as much money as possible until then.

Quote:

---

Originally Posted by Irving

In total agreement. I plan to invest and make as much money as possible until then.

---

Sounds like a good plan.

Silver is up on 18 right now, gold is up a little. Futures are flat, VIX is down 4 points from this morning, currencies are flat.

These episodes of panic are fun to watch, I'd like to see a few more countries break out of the EU.

Green across the board except for the VIX - http://finviz.com/futures.ashx

Quote:

---

Originally Posted by Irving

That I'm not nearly as concerned about. Most likely is taxing post tax accounts, but like I said, I've become wildly optimistic in that I am the one that controls my destiny and will be able to negotiate my future regardless of the circumstances, ideal or not. That said, I plan to make money while possible, rather than short myself holding precious metals in anticipation of an event that may never come. I wouldn't tell someone else not to hold precious metals, but I'm after taking full advantage of current opportunities.

---

Im sure this has been said before, silver & gold are not investments they are a way to preserve you're wealth.

Quote:

---

Originally Posted by roberth

Silver is up on 18 right now, gold is up a little. Futures are flat, VIX is down 4 points from this morning, currencies are flat.

These episodes of panic are fun to watch, I'd like to see a few more countries break out of the EU.

---

And XIV is up 5%: https://www.google.com/finance?q=xiv...mON8e9igKP1aho

:D


ETA:

Quote:

---

Originally Posted by beast556

Im sure this has been said before, silver & gold are not investments they are a way to preserve you're wealth.

---

It only preserves your wealth if someone else believes it has value. In times of crisis, I doubt anyone will be begging for gold or silver on the streets or shooting each other to get gold and silver for their families. After the crisis, perhaps... but that also means that you have to survive the crisis for your gold and silver to be worth anything.

Quote:

---

Originally Posted by beast556

Im sure this has been said before, silver & gold are not investments they are a way to preserve you're wealth.

---

It is the way you treat it but like any commodity it can also be traded.

Since this thread has added general investments is any trading company better than another i.e. Scott trade? Considering opening an account.

Quote:

---

Originally Posted by beast556

Im sure this has been said before, silver & gold are not investments they are a way to preserve you're wealth.

---

That is a common saying. I don't really have wealth, so investing in precious metals would be the same as keeping cash in my mattress.

Quote:

---

Originally Posted by Wulf202

It is the way you treat it but like any commodity it can also be traded.

Since this thread has added general investments is any trading company better than another i.e. Scott trade? Considering opening an account.

---

A lot of early retirement guys recommend the Vanguard Total Stock Market index fund. Do a quick search for JL Collins Stock Series and he does a great job of explaining that particular angle of investing. Not everyone (Honey Badger) agrees with that thought though.