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<p>[QUOTE="ewomack, post: 8446139, member: 15588"]Gold and silver work great as <i>part</i> of a diversified portfolio of investments. Get the usual stocks, bonds, funds, etc., and then add gold silver, platinum, palladium in whatever quantities make sense. To really learn what investment in PMs is like, buy some gold and then try to sell it. You might have a great experience and make money. But you might get offered far less money than you would expect. The whole process is not straightforward and it involves similar risks to any other investment. To hedge against loss, don't put your money all into one thing. Diversify and spread investments out over various items. That way your overall value will maintain some stability over time as one thing loses value and others gain value, etc. And sometimes everything will lose value. And sometimes everything will gain value. The only guarantee is that values will fluctuate.</p><p><br /></p><p>But the most important maxim of investment remains: don't ask the barber if you need a haircut. This simple advice will save a lot of pain and loss.[/QUOTE]</p><p><br /></p>
[QUOTE="ewomack, post: 8446139, member: 15588"]Gold and silver work great as [I]part[/I] of a diversified portfolio of investments. Get the usual stocks, bonds, funds, etc., and then add gold silver, platinum, palladium in whatever quantities make sense. To really learn what investment in PMs is like, buy some gold and then try to sell it. You might have a great experience and make money. But you might get offered far less money than you would expect. The whole process is not straightforward and it involves similar risks to any other investment. To hedge against loss, don't put your money all into one thing. Diversify and spread investments out over various items. That way your overall value will maintain some stability over time as one thing loses value and others gain value, etc. And sometimes everything will lose value. And sometimes everything will gain value. The only guarantee is that values will fluctuate. But the most important maxim of investment remains: don't ask the barber if you need a haircut. This simple advice will save a lot of pain and loss.[/QUOTE]
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