I have saved half a million dollars of cash sitting at a ING direct. What is the best way to invest my money?

Question

I am a 35 of years old male has been working since I was 17 and saved this money. What is the best way to invest or have my money working for me?

Answer 1

Precious metals, specifically numismatic coins and gold-backed IRAs, seem to be the best hedge against inflation there is.

Profits from the sale of collectible gold coins do not have to be reported to the IRS. Profits from currency coins, such as the South African Krugerrand and the Canadian Maple Leaf, must be reported, however.

Energy stocks are a good way to get in on the ground floor with renewable energy sources. I would also look into stock of Japanese car manufacturers and other overseas investments.