By Axel Merk – Re-Blogged From http://www.Silver-Phoenix500.com
The other day, I was asked what my investment advice for a 65-year old would be? My reply: “Go to the gym and watch your expenses.” To create wealth and/or preserve it for a future generation, all too often do we lose sight of the big picture. Let me explain.
Most of us invest because we pursue long-term goals, even if the means of achieving them differ greatly. This long-term goal tends to be saving for retirement; for those who can, it might extend to save for a future generation; or, for institutional investors, there might be an infinite investment horizon.