In 1991, I enrolled in a money course led by one of my mentors Sue. At that time, she suggested to us that we begin to buy gold bars and store them in our homes.
At that time, very very few people were discussing this topic… mainly because the internet was not very functional, there was no Youtube and most people were finding out about investing in gold and silver through books here and there and by visionaries who could see with near 100% psychic clarity a future to come.
At that time, and for most of my life up to that point and for a while, I had always had financial troubles and so my focus was always more about survival than it was about investing.
Years later, in fact last year, I began to purchase a bit of silver. I had completely forgotten her message and through a friend heard about it the vale of investing in Silver and Gold.
I purchased the first silver at that time at about $17.00 per ounce (which represents a silver coin). Well, wouldn’t you know, today I checked and it has increased in value by about 66% !!! It is now worth over $30.00. So I have nearly doubled my investment within a year.
Let’s look at this for a moment to consider this and understand how this relates to you… You likely personally invest in RRSPs, RESPs, retirement funds, mutual funds, bonds, and you likely know of others who do the same. Let say that you made 14% this past year on even just one of those investments over the year. Using the same numbers as the silver at $17.00. If you had a mutual fund valued at $17.00, with an increase of 14%, you would have made $2.38 (14%, by-the-way, is a very, very good return in a market where many can lose money on their investments but most average about 5-8%).
So looking at these numbers imagine what you would have made if you took even just 10% of your current investments that are in stocks or that you contribute to RRSPs and had invested them in silver.
The numbers we are using are very small as there are some individuals and even large companies investing in silver and gold who are purchasing quantities of 10,000 ounces or 1,000,000 ounces of silver. Imagine if you invested $10,000.00 in silver last year – today it would be worth $16,600.00. You would now have an additional $6,660.00 in one year. For those who purchased gold, well it has increased even further.
I mention this because if you and I had invested way back when my mentor suggested we should and continued each year… well, let’s just say, we would be e-mailing and reading this blog from golden castles somewhere 😉
In case you would like to learn more about silver and gold, check out the following links:
http://www.youtube.com/watch?v=CTBXc8z3vDw&feature=related
http://www.youtube.com/watch?v=LUMOhC2a_hU&feature=related
http://goldbasics.blogspot.com/search/label/Silver
http://www.youtube.com/watch?v=Jd886W7MGuo
Further, and four more important points I have found in nearly all of my research on silver and gold…
1. Silver, now worth about $25.00, some say may one day outprice gold which is now at a little over $1400.00 per ounce! – because it used in more items around the planet.
2. Silver, because it is easier to purchase for the majority of people – a silver coin is $25.00 where a gold coin is $1400.00 – is the easier purchase in many cases.
3. Buying in coins may be more advantageous than buying in wafers or bars. If the world does shift over the next 2-3 years in interesting ways and our dollars are worth nothing, metal COINS will be easier to use to make purchases and to trade than bars.
4. Do not store your coins/metals at a bank. Find a safe place in your home or purchase a safe to keep them their. Who knows what can happen if crisis breaks out and banks are not open or close temporarily!
I hope this has been helpful. Do write below and add your thoughts or questions on this topic and if you have experience with investing in gold and silver also be sure post – your positive and helpful comments are always welcome!