More Precious Metal for Fred and Sally

Sally and I are adding to our Gold and Silver investments, little by little. Every month I try to better our position if just a little, as much as I can afford, as a habit. Sally amazed me by investing in Gold for the first time. I have been investing in Silver mostly.

Brother Mike seems to think we’re buying at the top of the market. He’s ‘bearish’ on precious metals because he sees deflation coming. He says all the money printing isn’t making it pasts the bank vaults so it won’t have a real effect on money circulation.

I just can’t agree. I’m no expert economist but when I see both the US and the EU printing and bailing out left and right it makes sense to hold something of real value. I’m to the point where I don’t even want to save money, aside for the money for buying our own home someday.

There’s basically no interest being paid right now on savings and the EU is showing no restraint in printing money so we can expect our Euros to go down in value.

I am happy although to see the euro dropping against the dollars and other currencies. This makes my Internet earnings in dollars worth more and my online products and services cheaper.