superhero
Predaceous Stink Bug
My parents asked me to manage part of their retirement account last summer. I put about 90% in bonds, munis and blue-chips. It's returned a modest 6% since that time, not great, but much better than the 0.15% they were getting in CDs.
I've earmarked the rest for PMs, and will be buying when the opportunity presents itself. Question is whether to buy physical or SLV, GLD.
I'm leaning towards paper because:
1) It's not my money, and my parents could want it back any day.
2) Paper is more liquid - I don't have enough cash to buy whatever amounts if it was physical.
Thoughts? My parents are very conservative when it comes to money and investments. They put their money in CDs for the last 20 years, losing any money is not an option.
I've earmarked the rest for PMs, and will be buying when the opportunity presents itself. Question is whether to buy physical or SLV, GLD.
I'm leaning towards paper because:
1) It's not my money, and my parents could want it back any day.
2) Paper is more liquid - I don't have enough cash to buy whatever amounts if it was physical.
Thoughts? My parents are very conservative when it comes to money and investments. They put their money in CDs for the last 20 years, losing any money is not an option.