I'd like to learn from you if so. Anyone have info to share? Where are you buying, advice/tips for people that are new to buying silver/gold?
You can also invest in the silver and/or gold ETF's if you dont want to mess with the physical commodity.
Truth be told I can't afford to buy gold right now, unless I'd take out a lump sum from savings (not worth it). I am however trying to use a little of my personal "fun" money each month for an ounce or two of silver of some kind. Wish I'd hopped on the gold wagon when in highschool like my grandfather told me to...man looks like a genius now.
Golds high right now but silver still has some room to grow. What do I know I listened to a "so called expert" 12 years ago and he told me to stay away from gold it doesn't move. Back then $465.00 an OZ. Now in the $1700.00 and oz.
I have a decent amount of silver, in the form of old US currency that I purchased while in High School. I looked into purchasing some troy ounce .999 bars but never got around to doing it.
I agree with dave but if someone has all their investments/finances in order, it might not be a bad gamble to take. Put a few thousand in gold and see what happens. But only if it is extra play money. It should not be counted on as an investment. Sent from my SAMSUNG-SGH-I317 using Tapatalk 2
I agree with PTs article....why would you buy something at an all time high....that goes against just about every rule of investing...to each his own I guess Sent from my SAMSUNG-SGH-I727 using Tapatalk 2
I have heard you can roll over some of your 401K or IRA into actual gold. But haven't looked into it.
If you have someone that manages your money, you'd be better off seeing how gold could be used to hedge your exposure to the market. The time to make bank on gold is kinda over. However, many investors are still fairly bullish on it. Now if you're thinking doomsday prepper type of stuff (I work on a trading floor and people call daily to buy gold for this purpose), some physical silver might not be bad to have, but bullets and guns would be better haha.
OK, so here are my thoughts.......I'd love to hear some feedback from someone that isn't trying to sell me something. Right now I'd like to start putting some $$$ into something I can tap into should I decide to retire early, or if I wanted to access the $$$ to pursue a business venture. Something fairly liquid, that is pretty safe but will provide a decent return. Without disclosing too much, I'm already in a good place with 401k and IRA's, I want to focus on things I can liquidate before retirement age as I see fit. I was thinking about putting some $$$ into silver with the current administration firing up the printing presses. It's really liquid and I can tap into it whenever I want and when the market prices dictate that I should. I'd also like to start putting $$$ into something I could liquidate in the future should I decide I want to tap into the $$$ to pursue a business venture. Liquid, return, and safety are my priorities in that order. Any thoughts on alternatives to silver or is silver a good thing to invest in knowing this?
When considering to buy silver, are you going to be dealing with a brokerage house, or a mom and pop shop? I only ask because if you go with a brokerage, they are generally more competitive when purchasing the silver back. Also if you chose to go through a broker, you can elect to take physical delivery of the metal, or to keep it at a depository where you pay an annual fee based on your qty and market value of silver. I'd say if your investment horizon is in excess 7-10 yrs, if could be a good option, but only you can make that decision.
What if investment horizon is more like 3-7 years? Alternative ideas? I was considering buying 10oz bars from the likes of www.apmex.com and selling to wherever the prices were best when it was time to unload. I'd prefer to actually take physical delivery of them. Any other thoughts you have I'd love to hear more.
