Tuesday, February 15, 2011

Fields of Gold

I remember the song by Sting, the all-famous "Fields of Gold." When I checked the price of the metals, I was caught back by the prices which were in new field prices. Silver in particular was hovering the $30 per ounce already.

This means that the resistant price of $30 is almost over. The hovering of the price from 27 to 30 represented a good buying opportunity for new time investors. It also means that the world economy is not getting any better and the transfer of wealth is steadily taking place.

I still get blank faces when I tell people that they need to get a few silver for themselves. It is not a liquid investment and so when you buy a few ounces for yourself, try to forget about it and buy more. It is like buying real estate,you buy and wait and not wait to buy.

The average Filipino yuppie is still concerned with the doodads and updated fashion trends that do not increase in value. It is time to be concerned about your financial future and do a little hedging on what personal wealth you have.

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