Gold and silver continue to be a smart play. As the monster of inflation lurks, gold and silver prices remain poised for a big jump. There is an old saying in gold and commodities, sell in May and walk away. But looking at current spot prices, which are down today, they have remained steady. Now does this mean the price will remain steady, no, of course it could.
So what does this mean? Take advantage and use the lower prices to pick up gold and silver bullion, specifically American Gold and Silver Eagles. Admittedly, I have not purchased either recently and the last time I checked the US Mint was not minting Gold Eagles. So the availability may be limited, but looking at a few sites such as APMEX
Gold Eagles can be purchased.
Personally, I love the Silver and Gold Eagle, mostly because their value is found in the bullion of the precious metal, over the trendy collectible coins. The price is set by the price of gold or silver. Yes, a gold coin from 1689 is a wonderful piece of history but it does hold a bullion value. The problem lies in the fact that collectible coins are trendy, which can artificially inflate the price and eventually burst.
I enjoy the safety of the Eagles, paying a lower price, but still getting the value of gold and silver. Use the Gold and Silver Eagles as the foundation and build from there.
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