Silver Insurance

by Tom H
(Bakersfield, CA)

I never started buying silver and gold to get rich. As I read somewhere, it is insurance. My mom got me into PM's as she told me the silver and gold they held was the only thing that got them through the depression.

Silver and gold are not the only investments I have. My 401(k)'s are doing great right now. That wasn't the case back in the dark days of 2008-2011. As the economy crumbled and we all prepared for what could have been much worse, it sure was comforting to see the price of gold and silver. I think we were a lot closer to the edge than what we are being told.

Quite frankly, I wouldn't mind it at all if silver dropped a good deal more. I un-retired and my new job is supplying an income that I am able to put a portion of into silver. Oh yes, what's absolutely best is that my favorite coin shop is right across the street from my new office.

I wish it were my wisdom, but it was my mom's that made me invest in monetary insurance. I really hope that my PM's will be a policy that will pass down through the generations and never have to be cashed in.

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