Today I want to talk about precious metals, and why they're going to be playing a major role in the coming months and years. If you do a search online for precious metals history (gold, silver, platinum, et al) you'll get all sorts of results explaining the history of precious metals, why they are a sound investment, etc, etc.
One series I highly recommend watching is Mike Maloney's Hidden Secrets of Money. There are 7 episodes currently, each about 30 minutes, the first one you can watch here:
What few people actually explain are the straight forward fundamentals, in other words, why precious metals might be a good choice to be a part of an investment strategy and how to incorporate them into one.
COMPONENTS OF A STRATEGY
In what I've seen done, strategies involving precious metals are setup in 3 major parts:
- Enter / Purchase Strategy
- Holding Period Strategy
- Exit / Sell Strategy
What do these means? What are some examples? I'll explain these in my next posts! Stay tuned!