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Hello and good day I am seeking to know if I can direct my invest monies to metals?

Nov 17, 2014 by JOHN from Alexandria, VA in  |  Flag
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2 votes

Don't bet your whole portfolio on metals. Use metals as an addition to your overall diversification strategy.

Comment   |  Flag   |  Nov 17, 2014 from Canton, GA

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John Essigman Level 17

John

I am in agreement with William Tucker and John Myers… Be careful, seek professional guidance, and don’t bet it all on metals. If you are sensing that you will not have sufficient savings for a comfortable retirement then start changing things now as there are no shortcuts. Reduce your expenses, increase you income, adjust your retirement goals, and save more…

Comment   |  Flag   |  Nov 17, 2014 from Cleveland, GA

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There are a number of mutual funds that specialize in gold and special metals...here's a link to a U.S News and World Report article: http://money.usnews.com/funds/mutual-funds/rankings/equity-precious-metals and here is a list of metals and mining exchange traded funds from which you can choose: http://etfdb.com/type/sector/materials/metals--mining/ Be careful however, these funds can be quite volatile and past performance is no guarantee of future results. You might want to seek some professional guidance in choosing.

3 Comments   |  Flag   |  Nov 17, 2014 from Fort Washington, PA
JOHN

Yes I know. I am just way behind in retirement and am thinking as world demand for metals are not going to go down that metals might be my best vehicle

Flag |  Nov 17, 2014 near Alexandria, VA
Colin

Metals are NOT your "best vehicle" to catch up. Metals can be a part of a diversified portfolio to get you to where you want to be. The diversified portfolio is your "best vehicle". Betting solely on metals based on an assumption that "demand for metals are not going to go down", just ask anyone who decided to invest alot in oil because "we will always need oil"...they've lost their shirt. Earn more, spend less, save more, diversify your savings as John, William, and John R. state.

Flag |  Nov 17, 2014 near Oak Creek, WI
Ryan Anthony Hughes

In fact, the world demand for metals and other commodities have already done down. Japan has entered into recession territory along with many European countries. Emerging market countries have also slowed down. The demand for metals (and other commodities and goods) has slowed down, driving commodity prices down. While the U.S. continues to do well, the stronger dollar has certainly not helped these prices rebound. Be very wary. As the other professionals on this page have already stated or alluded to, diversify your assets. There is no such thing as a quick fix, especially in finance.

Flag |  Nov 17, 2014 near San Diego, CA

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Tunc Tanin Level 10

While the demand for metals could possibly go up or remain where it is, the world is no where close to running out of anything anytime soon. 30 years ago world was expected to run out of oil in about 30 years according to popular press. Well now 30 years later we probably have 100 year supply left based on reserves. I would not be suprised if the reserve amount left keeps going up. Most of this is due technology. You would expect the price of any metal to rise as the reserves go down, however, technology keeps improving the amount of use from each precious metal comes down there is less spoliage in production, alternative methods of mixing metals with plastic has taken place. Also the technology to extract the metals keeps getting better as in the case of oil. We may have better technology one day to dig deeper into earth using robots replacing human mine workers. Robots don't need oxygen and go down much deeper. Don't count on the earth running out of any metals any time soon. We may be also mine other planets using robots.

Comment   |  Flag   |  Nov 17, 2014 from Somerville, MA

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