Gold and silver are commodities, not investments. Yes, you can speculate in commodities and make money, but most people do not.
If you had bought gold in 2012 and sold it today, you would have lost about a quarter of your investment. Care to know how much the S&P 500 returned during that same period?
Some folks buy gold as an inflation hedge, but it's a pretty unreliable hedge as the example above shows. Other folks buy gold as a hedge against uncertainty; gold tends to rise when there is uncertainty and/or volatility in the markets or economy.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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