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<p>[QUOTE="buddy16cat, post: 1480689, member: 37356"]I did read an article about investing in precious metals and things you should know. Although the short term markets are highly manipulated but large investment firms and even governments, precious metals still make a good long term investment since the price over the long term rises. It is always better to have the physical metals since if the markets ever crash, those pieces of paper will do you no good. The are a good hedge against inflation since their buying power remains the same. No matter what time period it happened to be, an ounce of gold will buy you a fine suit. I was in a PM shop buying coins around Memorial Day and they said a lot of people were selling to raise money for trips. Doesn't that affect prices as well? How do PMs do during the Summer months typically?[/QUOTE]</p><p><br /></p>
[QUOTE="buddy16cat, post: 1480689, member: 37356"]I did read an article about investing in precious metals and things you should know. Although the short term markets are highly manipulated but large investment firms and even governments, precious metals still make a good long term investment since the price over the long term rises. It is always better to have the physical metals since if the markets ever crash, those pieces of paper will do you no good. The are a good hedge against inflation since their buying power remains the same. No matter what time period it happened to be, an ounce of gold will buy you a fine suit. I was in a PM shop buying coins around Memorial Day and they said a lot of people were selling to raise money for trips. Doesn't that affect prices as well? How do PMs do during the Summer months typically?[/QUOTE]
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