Positive economic signs dot the horizon, but there’s reason to believe that this planet will never see another period of economic expansion like the 1990s.
Counting on the stock market for your future is increasingly risky these days.
Market volatility drives consumers to safer investments, including precious metals. If General Motors goes out-of-business, your stock is worthless. But gold is still gold, and it has an intrinsic value.
Being a professor, I cannot afford gold. The current up-to-the-moment spot price on gold is $1,130.10 per ounce.
Ouch.
The spot price for silver is $18.25 per ounce at this moment. That I can afford. Hence, this silver eagle and this Buffalo nickle-inspired round represent my initial investment. These “generic” one ounce .999 silver rounds were purchased for $1.50 and $2 above spot. If I can cull together $1,000, it’s sales tax free in Texas!
Check out silver spot prices at Kitco.
I'm a cognitive scientist and communication scholar who manages a psychophysiology lab at Texas Tech. I teach courses about the cognitive processing of media messages and research methods.
{ 2 comments… read them below or add one }
your photo for the day just made me think of all those annoying infomercials on gold…
and I am investing like Homer Simpson did…in pumpkins
Simon´s last blog ..Day 6
Simon, that’s exactly why you see those ads. Places such as cashforgold dot com are buying for pennies on the dollar. It’s a great business model (for them). If you had the spare cash, it would be a great idea for you to buy it, too, and melt it down.
Since we don’t have the cash for that, however, they get rich off of excess gold lying around.