Sonnie’s Porch

I just heard over radio that fuel prices increased again @ 12:00 noon today by Php 1.00 or $.02 per liter. Add to the fact that rice price has not yet stabilized, and Thailand intend to convince the other rice producing ASEAN member nations to form a rice cartel patterned after OPEC who dictates the prices of fuel.

With these, it is only prudent to explore other means to earn. Investing our hard earned money in business or CDs is common, but have you heard substantial earnings when you buy silver or gold?

According to Global Financial Data, since the beginning of 2002, US dollars held in 3-month US Treasury Bills have yielded less than 3% per year. Considering that the inflation rate over this same period of time has averaged more than 3% annually (Source: US CPI), the cash accumulated had less buying power in January 2007 than it did five years earlier. Over this same period of time, the gold price in US dollars increased by 130% – an average gain of 26% per year, and silver price in US dollars increased by 183% – an average gain of 36% per year.

How do we buy silver or gold?

There is one provider based in Jersey that may be worth looking at, GoldMoney. Founded by gold industry leaders who understand gold’s usefulness as a financial asset and value its worldwide role as money. Investors and shareholders of GoldMoney include two publicly traded gold mining companies, DRDGOLD (South Africa) and IAMGOLD (Canada). According to their website, GoldMoney provides thousands of customers with a useful, secure and affordable way to buy and hold gold and silver.

How they claim to grow your money?

Do you find this investment scheme attractive? If you have the means, are you going to buy silver or gold?