sepisllib
Cresco, Iowa
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It is nearing the time that we must downsize our lifestyle a bit. Mostly because of the trials of upkeep as wife can no longer take care of the normal housecleaning and etc, and I am approaching limits of caring for maintenance also.
However, that said, I am increasingly nervous of taking the ole "Dollar" and just sticking it into the savings account and was wondering if anyone else out there has "considered" doing what I am considering ---- and that is to take at least a portion of the proceeds in silver or gold (not those paper certificates either) but the real stuff.
Open for any and all thoughts
God Bless
Bill
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Wife - Judy
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accsys
Green Cove Springs, FL
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IMHO precious metals are very risky investments. We are much too old to have time for the risks to level out. In additon, metals are at all time highs right now and the odds are they will move lower. If it were me I would be getting into the stock market as there is still a lot of room to move to the upside. In other words, stocks are on sale, metal isn't. If you insist on investing in metals, do not take actual possession of the metal, buy mutual funds that give you the same exposure.
John & Doris
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SRT
Head of the Lakes, MN
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One thought is to get something that can be converted to cash easily if you're really serious about selling. Another thought is to rent out your current house using a rental agency to handle maintenance, collecting rent, etc.. You could then live in a condo.
My last thought ( ) is that I wish I had bought gold back when it was $200 an ounce.
SRT
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coolbreeze01
Redding, Ca
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Something to keep in mind, Gold shines and Fools Gold glitters 
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Doug4.7
Hartselle, AL, USA
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I find it much easier to buy food with dollars than gold.
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cpd520
Arizona
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I would be afraid that gold is at an artificially high price now due to the fear and speculation currently in the market.
HERE is a link to a page with historic gold prices. Scroll to the bottom of the page and check the 1975-2011 button.
Good luck with whatever you decide.
Jack and Nina
Launch date for our full-timing adventure - June 30, 2013
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msmith1199
Central, CA
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I remember a lot of people investing in real estate in 2006 because "the prices can only go up!" A savings account is probably the safest place to put your money. The only way you'll lose money in a savings account is if inflation exceeds the interest payment, and you can bet that will happen.
Something else to consider if you don't need the cash out of your house right now, is turn it into a rental and get a good property management company to manage it for you. That way you get to profit if real estate prices ever go up, and you get a monthly income from the rent payment, and you may have some tax write-offs with depreciation.
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StanleyandIris
Louisiana
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Sell it and wait for gold to go down, then buy. Or sell and spend it all - which would be much more fun than worrying about gold prices or a collapsing economy.
Iris
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doublenot7
Clear Lake, Texas
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Sure the gold price is enticing now but I feel it is too risky at this point and will adjust downward sharply. Then again what do I know, I passed on gold at $300 an ounce.
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Hgarnerno1
Tyler, Texas USA
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Far be it for me to advise anyone on investments. That said, I bought Silver when it was $19.00 and gold when it was $800. I now wish I had bought more at these prices. I also wish I had sold when silver reached 49 for a day or so. If I were in your situation, I would buy metals (I have the actual metal), but not in the amount that a drastic drop would wipe me out. I have read many articles that the experts believe gold will reach 2000 by the years end. Only time will tell. Good luck with whatever you do.
Howard, USN Ret
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