Guerilla Educators

Silver Update

Good Lord!  Silver is trading over $25.60/oz on this day, November 4, 2010.  Five years ago, silver sold for just over $7.00/oz.  My firm belief still stands that young adults and educators should diversify some of their assets into metals.  Even at $25, silver is still relatively affordable and over the last 5,000 years precious metals have always had worth.  The volatility of global markets, the tenuous condition of the American economy, and uncertainty about the viability of public pensions all make metals a play worth thinking about.     

Precious Metals

 

Gold broke the magical $1,000 barrier and has established a firm foundation at that plateau.  Still a good time to hedge some funds to precious metals as a bulwark against stock volatility.  Five years ago, gold traded at around $400.  This morning it stood above $1,050.  This is a nice perk to have advanced 2 1/2 times over in that time period, but the real reason to diversify some resources into precious metals is as a bulwark against the value of the dollar and market fluctuations.  Silver has done even better, outperforming gold over 5 years by advancing about 2 3/4 times its value in that time.  Remember, these personal opinions and $4.08 will get you a nice cup of coffee.

Gold

Last week, gold hit $1,000/oz and has basically stayed above that magic number ever since. WOW!  I'd be happy to share whatever insights I may have to anyone who wants to diversify some assets into precious metals. I think numismatic gold is the play.