Investing in precious metals 101

So how exactly would investing in precious metals help me in the long run?

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  • Wed, Dec 19, 2012 - 01:36pm

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    nasn7985

    nasn7985

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    So how exactly would investing in precious metals help me in the long run?

Helo everyone!  I was wondering how would investing is a precious metal like gold or silver help me in the following senario:  lets say today I bought $40k worth of silver ($33/ounce).  A year from today Silver hits $100/ounce, now my investmentn yielded $121,212.  My question is, why should i be very excited at this point, wouldn't everything else cost more as well?  My guess is the only benefit is that I don't actually make money, but simply not lose money either.  For the sake of the argument, if the silver hit $1500 instead and now  my money is almost $1,800,000!!  Should I be excited because now I have almost $2 mil or because my  money is keeping up with the skyrocket price of everything ese, the most basic necessities of life if you would?  You take would be much appreciated! 

 

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