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Shouldn't I be investing in Gold and Silver since the government is causing so much inflation of the dollar? |
Shouldn't I be investing in Gold and Silver since the government is causing so much inflation of the dollar? yes. but as long as gold rises more than inflation did. y chkk tgt on stockcharts.com Yes, your money is better off in bullion than in the bank. Money will only depreciate (lose buying power) in the bank, whereas it will appreciate when invested in such bullion. Though, remember to diversify (other bullion and/or blue-chip stocks). Gold has never beaten either stocks OR inflation over any significant length of time (5yrs). It is only good as a short term trade. The government isn't neccersaraly causing inflation, inflation is the absolute rise in prices of all goods and services. If your income rises with inflation, no problem. All goods and services is mostly reflected in the stock market, the money has to go and come from somewhere. The best bet is to buy low cost index funds and gold, silver and platinum bullion also. The price of gold has not really increased that much this year but if you are worried about the dollar falling against other currencies it better to buy gold now while you have the current purchasing power of the dollar. Approx $52 gain this year in the price of gold/oz. Approx $260 gain since 1980. No. (But you should invest in EUR and GBP) |
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