Benjamin Franklin once said that a penny saved is a penny earned, but if the pennies are older, they can be worth more. At current copper prices, the melt value of older pennies is well over two cents, and you don't even need to melt them down to extract that extra value.
Gold was out when the seventies ended, but the loss of confidence in paper money has sent it soaring once more. Investors who missed the metal's recent rise should not despair: There's still plenty time to get in on the action. Here's how.
With gold trading at around $1,600 an ounce, this most precious of metals seems to many like a smart investment. And if you have a television, you've doubtless seen ads encouraging you to buy physical gold. But think twice: Owning bullion can be more trouble than it's worth, and alternatives exist.
Shares of silver are up 40% this year, compared to just over 20% for gold. But a statement from the Commodity Futures Trading Commission on Tuesday could rattle prices and investors considering adding silver to their portfolios.
Gold prices reached a record $1,308.90 an ounce Tuesday after earlier price declines and continued low interest rates spurred investors to buy bullion. Gold, which earlier had its biggest intraday decrease in more than two months, reached a record high for the eighth time in two weeks.
With the price of gold now at a three-month low, is investing in the precious metal a smart move? While gold has been a stellar investment over the past decade, James Altucher says you can do better. In this short and frank video, he discusses silver, gold and stocks and tells you where he sees upside potential.
