$952 and Rising: Invest In Gold Now! »
Posted By WikiMap 9 months, 1 week ago in NewsIt only takes a quick look at the paper, or flipping on the radio to TV to figure out that we’re in some economic dark times. With the housing meltdown, massive unemployment, and bailouts of all kinds it’s no secret that we have seen better days. With the worse economy since the Great Depression, stocks have suffered horribly. The S&P 500 was down 35% in 2008 and has seen another 15% drop in 2009 so far. With investors seeing their returns vanish and their principle disappear a lot of people are investing in gold to stay off the ill effects of the economy.
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epiphannyy9 months, 1 week ago
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I've been buying gold and silver rounds for decades. They are a great investment and easy to liquidate if times get tight, but they aren't so easy to spend that you squander them. I've cashed a few in over the years and it always pains me to do, unlike pulling money out of a ready teller. The incentive to save them is much greater. But after the Great Depression, my grandfather always said that the only true value is in precious metals and gems. Now that we're in another huge economic crisis, his words are proving correct. While everything else is losing value, gold is going up and up and up. It makes those rounds I bought years ago for $35 look REAL good to me now that they're more than 25 times the value I paid for them.
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