Читать книгу Investing in Gold & Silver For Dummies - Paul Mladjenovic, Paul Mladjenovic, Ted Sudol - Страница 25

The classical, economic definition of saving is “income that has not been spent,” but the modern definition is “money set aside in a savings account (regardless of the interest rate) for a ‘rainy day’ or emergency.” Everyone should have a savings account with money that is safe and accessible just in case you encounter an unexpected interruption in your cash flow. In fact, you should have at least three months’ worth of gross living expenses sitting blandly in a savings account or money market fund.

Although precious metals in the right venue is appropriate for most people, including savers, you need to have cash savings in addition to your precious metals investments. A good example of an appropriate venue in precious metals for savers is buying physical gold and/or silver bullion coins as a long-term holding (see Chapter 9).