Seems like if one is not investment-diversified yet, this current situation is a wake up call to be.
I have been thinking about putting some money in gold/silver, but have no clue on which are trustworthy resources to look into/purchase.
Bars vs coins? seems coins retain better value
silver is less volatile, but cheaper in good performing markets.
Any insight gentlemen?
Silver is actually a bit more volatile on average, than gold. Coins like the silver eagle have added value in that both the nature of the coin and it's silver content are widely known. And they are in a convenient denomination for trade purposes. This is also why junk silver dimes are preferred by many.
Current prices of silver eagles seem high, given spot price, but the market will settle. Current spot price is affected by the fire sale of those who used it to hedge the commodities markets.
