(Clicking the picture leads to a relevant article)
I actually and honestly made a few metal purchases this year between May and July. Gold was about $1,180-$1,220 an ounce during that time. I also bought silver at like $17 an ounce.
Less than six months later that Gold is now at $1,400 and silver around $27! The frightening part is that the metals aren’t really going up, they only appear that way because the dollar is going down!
I know most of you are aware that there have been some rather shocking developments with our economy in the last several years, and I’m not writing this to tell you to buy into metals (as I’m not an economist nor qualified to give financial advice). You can spend your money how ever you please.
What I do offer however, is a friendly warning: The financial world has gone completely crazy, and if there were ever a crucial time in your life to start learning about the economy, NOW would be that time…
(originally posted 11-9-10)