Question For Bob
What do you think about buying options in gold, silver and other precious metals?
Dear Sarah Weissbard,
Options provide terrific leverage and the opportunity to make great profits, but because the odds are against option buyers (three out of every four expire, worthless) I do not encourage purchasing options in precious metals. Instead, I prefer to hold gold and silver in my possession for use as a hedge against inflation and when the economy collapses and gold and silver is used for barter. The only exception is the Perth Mint. The Perth Mint is located in Australia. It is a 100-year-old mint owned by the government of Western Australia. In the Perth Mint Certificate Program bullion can be purchased at the mint’s spot market ask price with no markup. There is a service fee and administrative fee, but storage is free. Safety is assured because the metals remain on site and cannot be lent out.
Bob Livingston is an ultra-conservative American who has been writing a newsletter since 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.
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