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With the economy the way it is, would you invest your savings in gold or silver bricks/ignots? I read yesterday that in the US investors who are selling off are dropping their cash into banks for safekeeping. One of the banks stated that it was going to charge a fee (0.13%) for "holding" money.

I read where silver is going to be in demand in the future as it is used/and will be used in so many products. It certainly has moved up in value and the trend predicts a continuing upward move.

What would you do?

Been watching Oprah BB?

Buy cheap farm land and at least you'll be able to grow food and have somewhere to live when it all goes to pot.

You can't eat Gold.

Cheers,
Shafique

Gold is nearing a plateau. So I wouldn't invest in Gold (bricks or ETS's) Now if you wanna invest there are numerous stocks available at superb valuations.
Can't say much about silver. But if you wanna buy then take a look at the ETF's.

benwj wrote:Been watching Oprah BB?

Nooooo...............but I gather you have. When it comes to such issues, doing proper research is my choice.

-- Mon Aug 08, 2011 2:07 pm --

shafique wrote:Buy cheap farm land and at least you'll be able to grow food and have somewhere to live when it all goes to pot.

You can't eat Gold.

Cheers,
Shafique

Cheap farm land and pot!!! Now there's a thought. I don't know about buying the farm Shaf, how about I buy a house with a nice back yard and call it a farm and then apply for agricultural subsidy? Seems to have worked well for alot of people in the US. Then again, the US may have cut that program too so they can send the money to some goat farmer in some poverty stricken country where the US financial aid doesn't trickle down.

Demand on silver is increasing rapidly!

Silver is offering much a better entry valuation (today $39 ish but with scope to hit $55) but if you have cash - I would wait 2 weeks then start buying some US stocks and sit on them for a year or 2 (Microsoft - WasteManagement - Verizon) to name but a few, current uncertainties will fade and companies with healthy balancesheets and fast markets will recover quickly, really depends on what you are after - fast returns & high risk or steady growth and low(er) risk.