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A Crisis is Only One Reason to Buy Gold and Silver

tinman6000 Wrote: Nov 05, 2012 10:10 PM
Let's say you were a US Marine on Iwo Jima or Okinawa with the prospect of invading Japan in a few months. Would you want your president to be concerned with freedom in Poland or would you rather have the Red Army pin down several million Japanese soldiers in the Far East? Who knew if the A-bombs would work as well as they did. We could have dropped some, and the Japanese could say, "Is that all you got." Let's not forget that Nazi Germany did not surrender until a Soviet T-34 was on top of Hitler's bunker in Berlin. If you were alive in 1944, who would you have thought were the bigger fanatics, the Germans or the Japanese?

When considering the purchase of gold and silver it’s important to understand why you’re buying it, because that will influence what you purchase. The most typical reasons people consider buying gold and silver fall into three basic categories.

- Business uses: As a hedge against inflation and counter-weight to cash investments such as bonds and money market funds.

- As a crisis currency:  So when things finally collapse you have something to trade for supplies. 

- As an investment: This would be mainly collectible coins with numismatic value. 

To help choose between those...

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