3 metals shining brighter than gold

The yellow metal has produced huge returns, but these white metals could post bigger percentage gains going forward.

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54Comments
Mar 11, 2012 9:33AM
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  I bought a little gold in the early 80's when it was still reasonable. Now I've invested in survival food and equipment. Freeze dried with a 25 year shelf life, mre's, water storage, generators, ect. If the economy collapses the supermarket shelves will be empty in a few weeks. Y'all can eat your precious metal while my family and neighbors eat a tasty meal. If nothing happens, we'll still be eating a tasty meal.

  I would suggest anybody living in a big city when the economy collapses to invest in a "soon to be precious metal".... copper jacketed lead. Can't y'all just imagine those gangs running around taking everything you have ? Us ignorant old hillbillies don't worry too much about that scenario. We have this weird code we live by most city folks would find very strange. We take care of  each other.

Mar 11, 2012 8:48AM
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as usual to find out the 3 shinier metals,I have to follow a F'ing net tree ,after clicking on the story I want to read. What is the matter with these people,if I click a story on the front page,THAT MEANS I WANT TO READ THAT STORY. f it

 this is worse than a phone tree at the bank

Mar 12, 2012 9:01PM
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When the economy collapes,I would be willing to bet that amunition will do the talking and trading.
Mar 13, 2012 12:06AM
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Precious metal holdings are worthless as a investment except as a hedge against inflation or deflation.  Acting on publically served up advice from people whom you do not know is almost always a bad idea.  What we need is a government commitment to balancing the budget,  and a President who is controlling spending.  One who keeps his word or at least is consistant in what he says instead of playing the fool.
Mar 13, 2012 3:41PM
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Get real people.  If the economy collapses and food and clean water become scarce, all the gold in the world will not help you when anarchy reins.  The one thing that will help you survive is a gun and the training required to use it effectively.  A gun can be used to hunt game, protect what is yours, defend your life and the life of your family, but plan ahead just like you would for any disaster (ie. earhtquake, flood, tornado,etc.).  Stock up on esentials----includi​ng ammo.  Rest assured, there are those who will try and take away what you have.  Invest in guns and ,if you have not done so, attend a firearms training course.  Want to survive?----Be prepared and invest wisely.  No prosperous economy last forever.
Mar 13, 2012 1:24AM
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Bring back the homestead act ! Land with water and good soil is real gold !
Mar 13, 2012 7:26PM
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If we had a currency backed by precious metals , rather than the confetti we have now., it would stop the government from spending more money than they have been given by the taxpayers.

 They would be unable to create more worthless dollars for their profligate spending.

Our politicians do not have the will power to stop the excess spending that is gradually destroying the life savings of HONEST people. The governemnt does this by sliding in the back door like a thief and reduces  the value of  money thus reducing honest people to poverty.

Wake up people! The only people who have financial security are the ones on a government check!

Mar 13, 2012 4:13AM
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The article said: "... whereas gold has no real 'use.'"  While I can't argue that gold isn't relatively useless compared to palladium, even gold has some applications where it is pretty much the best material to use.  Unfortunately people keep forming it into bars and storing it vaults, so the price is much higher than it would be.  I work for a company that makes components that are a quarter of the smart phones and a lot of the other consumer electronics.  We just spent a lot of money and effort to switch our production to use copper instead of gold because it was getting so expensive.  For this use, gold is better than copper, and since it takes very small quantities of either metal, gold is worth the price unless the price is insane.  Our company does not use leading edge technology, so a lot of other companies paved the way to using copper with even more research money than it cost us.  So keep in mind that every time you buy an electronic gadget, you're paying more than you would have if people weren't "investing" in gold.

 

Since palladium has many real uses, as it gets bid to unreasonable levels by people looking for way to protect their wealth, there will be even more significant economic impact on all of us.  Some people who "invested" will gain a lot (at least the ones who cash out first will make a lot) while everyone else is a little less well off.  The rising price will encourage industries to find other materials to use instead of palladium, reducing the real value.  I worry that when the baby boomer generation gets serious about retiring, we'll have some pretty good inflation and may have a lot of savings wiped out.  Many will be congratulating themselves on having this precious metal hedge, but when a large number attempt to cash out their gold and other precious metals there will be a little problem.  The prices will fall.  Few new investors will want to buy it as it tumbles, and industry will not use a significant portion of it.  My company is unlikely to switch back to gold even if it gets cheap, since now that we've invested in the equipment to use copper, gold would probably have to be almost as cheap as copper to make it worthwhile to switch back.  I expect a similar thing to happen with other precious metals and other industries.

Mar 12, 2012 10:59PM
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Good luck, people. If there truly is a collapse, you better begin to learn the 'secrets' of my ancestors. If not, you're going to be just like many of the settlements that perished, trying to take this land.

 

I have a good investment in precious metals, but all the gold and silver in the world will not feed you, or teach you to survive. in a 'primitive' land.

Mar 13, 2012 4:40AM
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Gold being valued higher than platinum is foolish. Either platinum is going to jump higher or gold is going to crash hard. Lead of course will be worth more in the long term if we keep electing politicians like Obama.
Mar 11, 2012 10:43AM
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Its a shame to think our monetary system is a total farce, but its a fact. In the next couple of years we will witness a collapse of the American dollar which will eclipse the great depression our grandfathers survived . Our thieving leaders will rush to their print shops and simply print more greenbacks, this so called "band aid" will surely come back and bite us all in the ****! When this happens ,nothing will be sweeter than a big sack of coins!
Mar 12, 2012 8:33PM
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If the economy collapses "An Eagle" you better not let anyone know you have either gold or silver unless you are prepared ro die for it. Because someone who is destitute and armed is going to try to take it away from you. A collapsed economy is going to resemble that Mel Gibson movie, "The Road Warrior"!

Precious metals are only a safe haven, so long as there is paper money. To understand what might happen if paper money becomes worthless in the future, we need only look to the past. To a time when there was no paper money. Only gold, silver and precious gems. Specifically the 1500's, 1600's and maybe a bit of the 1700's! Spanish galleons were carrying great wealth in precious metals from South America to Europe. They were preyed upon by pirates from many nations. England had the best "pirates". Which is why they have the so called "Crown Jewels". Where do you think they came from?

A future paper currency collapse, will resemble what took place at sea centuries ago, only this time it will happen on land. The affluent will be the targets and the "pirates" will be the 99%.

 

Good luck folks!

Mar 12, 2012 2:26PM
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For all you people that are saying water is more valuable.  1.  I have never seen a 1700 dollar bottle of water.  2. I flush my toilet with water.  3.  the same exact amount of water is on the planet as there was 100 million years ago.  4.  it is the planets most abundant resource. 5.  There are dozens of technologies that can inexpensively purify water (guess what, 90% of your bottled water is purified or distilled potable tap water, its not from a natural spring). 6.  you can purify water by boiling it.  List goes on and on and I'm not that bored to continue this.
Mar 12, 2012 8:57PM
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If the economy were as good as we are being led to believe, then precious metals wouldn't be selling at record highs. Hoarding is a reaction to fear. So, other than chewing gum and spit, what is holding the stock market together?

 

It simply doesn't smell right.Martini glass

 

 

Mar 13, 2012 1:50PM
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Tomj14: Explain. Not disagreeing, I just want to see your explanation.
Hopefully we'll never have to find out. What good will gold do you when there's no food or water? Do you think the people with food and water are going to trade it for gold? What will they do with that gold then? Trade it to someone wealthier for more food and water? How will you be able to trade it to these people? If the economy collapses, everything stops. No stock market, no postal system, nothing. You'll have to trade face to face, and there are plenty of people a whole lot meaner than either of us who will be willing to kill you to take it. It's not going to work that way. I'll avoid that situation altogether. I can hunt, fish, and grow vegetables. I don't need your gold, but you will need my food.
"What worked in the past" when our societies were on the rise is not going to work when they fall. It will be chaos, and the false idol of gold and money will be meaningless.
Or maybe I'm wrong, but I'm not going to chance it. I'll rely on myself, not shiny rocks.

Mar 12, 2012 10:48PM
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The smart Bomb that will destroy our rebounding  economy is Americas OIL PRICES we need to regulate the Price Of a Barrel of OIL if we do not do this our economy is doomed to do a reversibility and head back to high numbers in the unemployment line and the loss of good jobs  the transportation of goods would escalate causing a disruption on the economy as a whole the higher the prices to transport the spiraling down slope will take hold of  all of us financially. Our Government needs intervention immediately we must isolate and regulate the price of OIL the oil companies are making staggering profits let us utilize this diverse opportunity to control our resources and make this a better place to live and work and play. Let us rebuild American trust by rebuilding America .  
Mar 12, 2012 8:31PM
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Precious metals will be good in the long term if our currency collapses, but don't buy it at stupid prices. It only goes up because more people buy it. In the event of a natural disaster or the apocolypse, water and food will be most valuable in the short term. It might cost an ounce of gold for a gallon of water because nobody is going to care about a shiny metal when there is a limited amount of something they require to live.

Mar 11, 2012 9:43PM
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There is one thing more precious than any metal or oil. Clean drinking water. Find an artesian spring and bottle it.

 

You can't do anything with gold. Can't eat it. Certainly can't eat any metal or oil. As the earth's population swells in the next 25 years, clean drinking water will become the most precious commodity on the planet. Try living without it!

 

Oh! by the way! I have mined gold for almost 45 years. Gotten wealthy off it! But every gold mining operation I've ever seen, pollutes water. Mine included!!

Mar 11, 2012 2:29PM
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Buying gold or any other precious metal usually involves some very hefty commissions.  One meets these same commissions on the way 'out,' when the metal is being sold. Unless there's been an appreciable increase in par value between buying and selling one could lose one's shirt.

 

Anyone know how to minimize these commissions?  Please let us know.

Mar 11, 2012 7:38AM
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My guess is there's more gold in Sweet Dick Willy's teeth than there is in Fort Knox.
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