Investing in the stock market scares some people. Fortunately, there’s an alternative to the black box of Wall Street and that’s commodities. Of the commodities, there’s energy, metals, agriculture, meat & livestock, and consumer. Today we’re going to talk about metals – specifically silver and gold.
According to Money Metals Exchange, if you bought $100 worth of gold in 1971, it would be worth over $3,040 today. If you had bought silver in 1971, it would be worth over $1,200 today.
That amount of gold would by two 60″ LED Smart HDTV’s, six plane tickets to the Bahamas, and pay your annual electricity bill twice.
That amount of silver would pay for a weekend vacation for four, groceries for two people for four months, and three new SLR cameras.
The dollar is depreciating and holding physical metals instead of cash seems to be a great way to go to protect your money. It’s still not understood why the dollar is devaluating, but keeping your money in a timeless commodity is a great way to keep you and your family financially secure.
One hundred dollars in 1971 only retains about 17% of it’s former value, which illustrates the need for smart investing more than ever.
Read on in the infographic below.