- Oct 10, 2013
- Reaction score
- South East US
I can’t agree more with the comment about AFTER all your other needs are met then it’s good to have precious metals as an investment. I hear people talking about buying things while they have credit card debt. If you have credit card debt then you can’t afford to buy anything.....I would not recommend selling any gold or silver at this time, unless your only purpose in owning precious metals is for an investment. Then treat gold as you would your stock investments; buy low and sell high.
My strategy is to hold my gold/silver and precious stones until there's a real crisis. If I don't need it then it will go to my kids and grand kids.
As I've said before; one should only buy gold/silver after their other needs are met. If a person is out of debt, I'd recommend holding about 20% in gold and silver as part of ones investment portfolio.