Originally Posted by Winn R
Mike -- I use one of the financial adviser firms and several years back they laughed at me for "investing" in ammo and Krugerrands.
Had a meeting Wed of last week and watched them eat their words. Only problem was it was my money they were only getting 2.8% return on!!
I know they're over $600 for a one oz coin but it's the standard of the world. If everything else goes; that will remain.
True, I just kick myself in the butt at times for not investing in precious metals when they cost less. I remember when silver was $6-$7/oz and now it is over $12/oz. and when gold was less than $400/oz and it is now around $600 or more an oz.
I wonder though if the pre-1964 90% silver coins are a good way to go for those that can't afford others. I had a buddy of mine offer to sell or trade me a bunch of peace and morgan dollars. But he is holding on to them for the time being.
"To show you how radical I am, I want carjackers dead. I want rapists dead. I want burglars dead. I want child molesters dead. I want the bad guys dead. No court case. No parole. No early release. I want 'em dead. Get a gun and when they attack you, shoot 'em."
Ted Nugent - speaking at the NRA convention April 17, 2005