What is your opinion? Do you think people who invest in gold or silver and other precious metals are smarter than the rest of us who invest in pieces of paper, or are they “survivalists, conspiracy theorists and flakes” as the LA Times says? They even talked to the head of financial planning firm Glowacki Group in West Los Angeles, who said “That’s for the guys we don’t want as clients”. Wow, that’s…interesting…that they would actually turn down clients interested in precious metals.
As for me, we do have some silver in our “portfolio” – meaning in my house. 🙂 My grandparents always used to give us half and silver dollars throughout the years, and I am glad I hung on to them because they are actually worth more than their face value now. In fact, Mighty Bargain Hunter just wrote about copper pennies becoming scarce, and I left a comment reminding him about pre-1964 pennies and even modern day nickels, which are worth more than face value as well.
So what are your thoughts? Are people who invest heavily in metals “flakes” or are they onto something? What do you think?