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Gold to Silver ratio?? WTHeck is best???
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<p>[QUOTE="John King, post: 2438767, member: 78398"]The only secure financial asset is a bank account FDIC or a treasury bill or note. Stocks are not secure. Bonds are secure in the sense that if they are government bonds you get the money back at the end of the term. Gold or silver is about the most insecure asset I can imagine. You have to pay a commission to buy and sell it. You have to store it securely. The prices swing wildly. Real Estate is not a secure investment except after 30 years of payments you have a rent free place to live. 2007-9 showed that housing prices can crash and what's worse if most of us buy them on margin. You put down 10% or 20% and you can lose it all if you can't pay your mortgage. </p><p> Starting at age 25 and putting 10-15% of your income into stock market has worked for those who sit tight until 65 and then take it in increments as in an annuity perhaps. Almost nobody does this because when you are 25 you have other fish to fry and retirement seems a dream. I think if you bought gold and silver the way you might buy stocks that could work for you, but the spikes are more extreme.</p><p> Pensions used to be secure but now most companies don't even offer them and SSA age will probably be raised to age 75 in the future. You just have to pray that a rich relative dies and leaves you some money or a great coin collection.[/QUOTE]</p><p><br /></p>
[QUOTE="John King, post: 2438767, member: 78398"]The only secure financial asset is a bank account FDIC or a treasury bill or note. Stocks are not secure. Bonds are secure in the sense that if they are government bonds you get the money back at the end of the term. Gold or silver is about the most insecure asset I can imagine. You have to pay a commission to buy and sell it. You have to store it securely. The prices swing wildly. Real Estate is not a secure investment except after 30 years of payments you have a rent free place to live. 2007-9 showed that housing prices can crash and what's worse if most of us buy them on margin. You put down 10% or 20% and you can lose it all if you can't pay your mortgage. Starting at age 25 and putting 10-15% of your income into stock market has worked for those who sit tight until 65 and then take it in increments as in an annuity perhaps. Almost nobody does this because when you are 25 you have other fish to fry and retirement seems a dream. I think if you bought gold and silver the way you might buy stocks that could work for you, but the spikes are more extreme. Pensions used to be secure but now most companies don't even offer them and SSA age will probably be raised to age 75 in the future. You just have to pray that a rich relative dies and leaves you some money or a great coin collection.[/QUOTE]
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Gold to Silver ratio?? WTHeck is best???
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