I have been looking around the internet and seen people selling - Titanium, Brass, German Silver and Nickel Bullion Bars. Are these worth investing in or are they really worthless?
Well im looking to make my first investment soon, thats why I looked at these they are cheaper. Or should I keep my money for the more precious ones?
I think the precious metals are best for a store of wealth and use as future currency, particularly gold and silver. If you have an excess of money, platinum, paladiaum, and rhodium could retain some value in the aftermath of a major economic meltdown. Other metals I think would best be stored as construction materials and finished items, witch takes a lot of storage space. Copper tubing/pipe/fittings; sheet & dimension steel; steel pipe; nuts/bolts/screws; welding & brazing rods; and other similar materials. Just my opinion on the subject.
I think that I will just hold out and get precious metal as I dont have a lot of storage space right now.
Well, if we're talking about an economic meltdown I'm not sure that gold and silver will retain the full value. Of course they will retain value better than cash, that goes without saying. Some diversification might be helpful though. If you have the capacity to invest in base metals, you could put yourself in a position to supply local industries in the case of a global collapse. One likely scenario is that rising oil costs hit such a level that it no longer is economical to import from far away places like China. This is all speculation of course, but for the same reason we should all keep a few months supply of food stocked, it may make sense to invest in being prepared economically as well.
No doubt about that. The real question is what do we need to prepare for, and how do we go about doing the preparations. Some of the stuff I've heard of people doing is just laughable, but on the other hand I am sure there are a lot of simple and inexpensive things I could be doing that I haven't thought of yet.
There are loads of things I could do to prepare for the future, especially with the new baby money is hard to come by more than ever.
Luckily there is more to prepping than just stocking away gold and silver. IMO, water is going to be one of the most valuable resources in the future. If you can find a way of storing drinkable water on your property, those guys with sacks full of gold and silver might be willing to do your bidding when it comes to the choice between a pocket full of gold and dying of thirst.
Unfortunatly im renting at the minute since im only 21 and mortgages are like pixie dust but when I can get a deposit together i would look at getting water storage space installed.
Ah, very well. That seems to be more of a When 'Stuff' Hits the Fan type scenario. Good idea I think though.
Rhodium is an interesting metal to invest for anyone who is interested in exotic metals (i.e for those who think metals like Gold, Silver, Platinum and Palladium are too boring for them). Rhodium sponge can be bought from Kitco (10 Oz going for $ 20,850 now). Rhodium bullion coins are also available from a number of outlets. For those who want to invest in ETFs, Rhodium ETFs are also available.
Personally, I feel that they are worthless, however some people think differently. I only purchase silver and gold. I even stay away from platinum because I don't see the value going up as much. Some people may collect other types of metal just because of the collector's value.
I'll run for the Gold and Silver. Apart from the fact that people were fully aware of its quality, you'll have bigger and better chances of selling these materials at high costs...
