Silver Investing: My Mom's Three Requirements
by Tom Haslebacher
When my wife gave birth to our son, I called my mom with the news. My mom is of Scottish lineage and the blood runs strong in her. No beating around the bush with her. After her congratulations, she told me I needed three things. First, I needed a good will. Second, I needed good life insurance. Third, I needed gold and silver in my portfolio. She told me that during the depression (her family had a farm in West Virginia) they had plenty to eat, but no way to pay taxes as there was little money. Gold was expensive, but she told me that her family's stash of silver helped them survive.
So I went out and got the will and insurance and found a good coin shop here in Bakersfield, CA. That was about 23 years ago and since then I have been taking a little from each paycheck for a couple of silver rounds (bullion). Essentially, it is dollar cost averaging. If you look at the last year, I haven't done all that well, but I really haven't lost anything either. If you look at the last 23 years, I have done very well.
Silver is not a get rich quick scheme, it is a way to insure all the other avenues that I have in my portfolio. It certainly does better than any CD out there.
Thank you, mom!