“Money Man vs The Closer” plus 1 more
“Money Man vs The Closer” plus 1 more | ![]() |
Posted: 21 Feb 2012 04:05 AM PST If you’ve searched financial websites you’ve probably noticed a lot of them tout the services of professionals who specialize in “wealth management”. I don’t know about you but at the moment I’m not particularly concerned with ”wealth management”. I’m more concerned about “poverty management”. At some point I’d like to be concerned with “middle income” management. I need Money Man is designed to bring a blue collar approach to money management, or perhaps more accurately, financial survival. He will help various families through issues faced by people trying to get by in these tough economic times. One minefield families have to face on occasion is buying a car. In the initial installment of Money Man, Money Man will come to the rescue of a family that is car shopping. This can be a traumatic experience as the family will face such budgetary enemies as “The Closer”, “The Finance Guy” and “The Switcher”. Hopefully you’ll enjoy Money Man as he helps the Walton family. As the Waltons’ will discover the pressure exerted at a car dealership can be nearly that exerted at “Time Share Mountain”.
|
The Downsides to Physically Investing in Precious Metals Posted: 21 Feb 2012 03:55 AM PST The recent spikes in gold prices, and prognostications of doom for the global economy, have many investors considering the benefits of turning to precious metals as an investment. Throughout human history, precious metals (notably gold and silver) have been used for exchange, and they are thought to be of objective and tangible value. In a world where fiat currencies change in value without much reference to “backing” or the “market,” there are those that believe that true value can be found in precious metals. While there are ways to invest in precious metals through stocks and funds, there has been an interest recently in physical metals. How Can You Invest in Physical Metals?The most obvious way to invest in gold, silver, platinum and other precious metals is to actually get your hands on the metals. Gold and silver, especially, can be bought in coin form, in order to make it easy to transport and store. You can hoard coins, and hope they rise in value. It is also possible to buy bars, wafers and other forms of physical metals. You can also invest in what are called “certificate” metals. Instead of receiving the physical metal physically, it is stored somewhere else for you, and you are issued a certificate that indicates how much of the metal you own. In some cases, you are merely told how much of the metal you own, while in others you actually receive a listing of the serial numbers corresponding to the bars that are considered yours. It is also possible to use GoldMoney and Bullion Vault to invest in electronic gold and other metals. Realize, too, that there are metals ETFs that are considered “ownership” in physical metals. However, many die-hard physical metals investors are a little uncomfortable with this concept. Downsides to Investing in Metals PhysicallyMore on InvestingThe upside to physically investing in metals is that you actually have something tangible — that you can touch — to show for your investment. And, if you believe that our current monetary system is on the verge of collapse, you will have the advantage in owning something that many believe possesses intrinsic value. Even if the system doesn’t completely collapse, physical metals can act as a hedge against future inflation, and increase in value. Realize, though, that there are downsides to investing in physical metals. As you weigh the pros and the cons of investing in precious metals, consider these drawbacks:
Bottom LineAdding some physical metals to your portfolio might not be a bad thing. It adds diversity and a measure of security to your holdings. However, you do need to carefully weigh the pros and cons associated with investing in physical metals. |
You are subscribed to email updates from Financial Highway To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
Google Inc., 20 West Kinzie, Chicago IL USA 60610 |
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home