I'm not the best at searching, so I can use your help. My husband passed away mid-January (covid) and left modest wealth in savings, deferred comp and life insurance. I've been meeting with various investment people - none of whom impressed me. My primary concern is protecting it for my adult son. I know the old saw about crypto and gold, but I don't know enough about either to feel confident that they're a good choice. So I'm wondering what Q has to say
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Precious metals are good to preserve Capital, and during times of crisis - war or famines or... - may rise some and look like profits. And long term precious metals do show increases obviously. Silver is under-valued at present too, it can legitimately be worth more , probably.
If you do decide on investing in some metals be sure you take physical possession of the metals and store them in your safes. Do not accept mere certificates for your purchases, there are not enough metals already mined and in circulation to cover all the certificates being the point. You can buy bulk metal, not refined into coins say, usually cheaper than you can buy the coins. 99.9 percent pure silver is the same metal in a coin or not, you pat for the minting of the coin hoping it will increase kin value, so ponder how you wish to purchase it too.
I wouldn't invest it all in metals, but some amount to preserve Capital is a hedge against money script floating up and down, gold has never been worth 'nothing' for instance. Precious metals are very 'safe' in that it may not grow much short term but it will not dissolve into nothing.
Personally I would not invest in crypto but plenty of people have gotten in and out with yuge profits, be careful there.
I like small market investments or startups with promise, tech was good for a long time for instance. Another example, Trump's entry into media with Truth social has tripled my investment in DWAC by over 300% the last few months. You always have to be careful tho, invest only what you are willing to lose or gamble with. There are no sure bets.
'Q' mentioned a time or two that certain areas would be ob;iterated, like twitters and facebook. 'Q' mentioned big pharma enough to make me think that is gonna be redesigned too, tho with the fake plague business big pharma is still putting up profits- that won't last.
'Q' also mentioned investing in 'your' community, in business closer to home, smaller in scope. And traditional societal infrastructures, farms, ranches, transportation and such.
Restaurants are good investments usually, we are a Society that likes to eat out. Real estate is good but careful with renting these days, better to flip the properties I think. But if you want long term Capital preservation real estate would work, but check taxes before you buy, might have to buy land far from your own State.
Sorry for your loss, God Bless and good luck.
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What a great reply. Knowledge I also need. Saving.
Can confirm: I like to eat out🐸