In a nutshell,i am saving 4 a house the banks are paying crap 4 CD/saving accounts & i dont want 2 leave my $$$ in dollar form just sitting around (i dont trust the dollar!)so i was thinking of just increasing the gold/silver that ive been buying (4 long term hold) and then sale it when i want 2 buy the house.Yes i know it can go down,but here is my question. Which is better 4 SHORT TERM investion and why? gold or silver? Also ive been told that as of JAN 1/11 that selling $600 or more of PM will get you red flaged and tax form to fill out to make sure uncle sam gets his share? Any and all help would be appreciated,but please remember NO saving accounts,cd,stock market gold and silver only.
most likely neither. How long do you have until you are planning on buying? Silver and gold seem to be some of the most unstable investments you could pick.
If you must buy something I would say numismatic silver might be best. There is some downside protection.
Methinks someone will be renting for a long time. When investments are made under the pressure of needing a profit, they rarely work out.
I'm not sure gold or silver would be your best bet for a short term gain. Maybe mining stocks? I'd reserch those though. And it may not be a short term investment.
Let me clear afew things up first,One the house i live in is paid off now! second i am looking at 18/36 monthes before i buy another house. Lastly where would you gentileman put your money for that amount of time? If not PM then where and why? I am just trying to learn here? Thanku
