With the US and world recession slowly creeping up on us, lots of sneaky investment opportunities come looming. Some are legit, some are not. We recently got back our money on some land banking plan which we decided was a scam. So careful discernment is very important.

Things to be careful of are: limited time offers, aggressive salespersons, too good to be true offers, and opps you have not Googled to research.

As always I advise to hold on to your hard-earned money, pay off your loans and buy blue chips when the stock market is down.

One thing I've not thoroughly looked into is buying gold and silver. With the price of gold and silver going through the roof, it is something worth researching on.

Here you buy them from pawn shops but I'd have to look into buying them from brokers - don't trust the smooth young things in banks not that they can get me to part with my money to pay for their expensive new cars.

Technorati: smart finances, recession, global recession, financial scams, gold, silver