Investing in precious metals 101

Re: Silver & Gold is about to Explode! Bank Holiday …

Home Forums DISCUSS Current News & Events Silver & Gold is about to Explode! Bank Holiday warnings….. Re: Silver & Gold is about to Explode! Bank Holiday …

  • Sat, Jul 25, 2009 - 09:09am

    #18
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1613

    count placeholder

    Re: Silver & Gold is about to Explode! Bank Holiday …

Harvey, as for the mutual fund "yes" if it’s invested in nothing but foriegn exchange/currency it will increase in value.  The one aspect that I don’t like about mutual funds or any other investment engine of that type is that you have no control of the spreads at which they are being sold.  Yes, you can indicate what price you want to buy and sell but it’s no guarantee that it will occur in that manner.  I also don’t like giving my money to a fund in which they are making money by loaning it out to someone else at interest.  But again, that’s my personal problem.haha

As for the foreign currency, "yes" I took posession.  You can go online to your bank and buy the currency and pick it up at your local branch with no fee.  If your bank can’t do it, BofA will on their website.  http://www.bankofamerica.com/foreigncurrency/

Hope this helps.