Investing in Precious Metals
Armchair often gets asked about investing in precious metals such as gold or silver. Investing may not be the right word here. As Warren Buffet will gladly tell you, gold pays no interest nor dividends to you. Metals are more of a traditional store of value, a hedge against inflation, or a good way to prepare for the inevitable Zombie Apocalypse. Buying precious metals is not something a lazy, relaxed, armchair investor should do. Please go back to Be Rich as well as How to Invest . That being said, for more sophisticated investors who have already accumulated a good nest egg of wealth, it certainly doesn’t hurt to put part of your portfolio (say 5 percent) into precious metals for the reasons stated above. Avoid mutual funds and ETFs that deal in gold and silver. They’re just paper. Some are of dubious intent and may or may not be backed by the full amount of physical product. That won’t help you when the Zombie Apocalypse hits and you’re bartering for guns and ammo . If you’r