Considering Some Investment Buys In Silver - Page 3

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Author	Replies: 36 / Views: 5,708	Page: of 3

sheeptotherescue Valued Member United States 154 Posts	Posted 09/28/2013 2:04 pm Just my Two Cents, but you should consider the reason and timeline for your investment. PM, especially gold, are where people go when other investments are too dicey, with the exception of the recent gold bubble of course. I'm young as well, and my plan is to buy an S&P500 ETF. Silver doesn't have a huge yield AFAIK. PMs are more popular with SHTF-ers. IMO, if things really go wrong, no one is going to care if you have shiny hunks of metal. They're going to be more concerned about food, shelter and safety than some irrelevant and useless bar of gold. Try making change for an oz of gold too! The only real use I can see is hurling them at people! If you really want to invest, consider blue chip stocks, bonds (I'd wait getting anything except maybe PMs till after the Congress is done with it's latest hissy fit crisis though), or other investments that have the length of time that you're saving up for. Things that you have to park your money away for 10 years (like Treasury bills or CDs or things like that) will reward you more than more liquid assets like PMs. Report this Post to the Staff
yup7676 Pillar of the Community United States 3789 Posts	Posted 09/28/2013 3:01 pm Sheep really has the best answer, investment wise you should look beyond silver. I like his idea of putting money into the SPY and getting the divys over time, that is going to grow exponentially over time and much faster than silver. Report this Post to the Staff
sheeptotherescue Valued Member United States 154 Posts	Posted 09/28/2013 6:14 pm She actually! =-) Nina and I are both young(ish) coin collectors who also happen to be ladies =-) But thank you for the vote of confidence! And for introducing me to the word 'divys'. It's like skivvies, but money! Report this Post to the Staff
denco7 Pillar of the Community United States 2543 Posts	Posted 09/30/2013 11:43 am Wow ....... hijacked thread again ....... A young kid ( sorry Nina if that is an offensive term, I would looove to be called a 22yr old kid again )who makes a nominal amount of money as a nanny, wants to buy a a little silver and once again the thread is hijacked into 3 page debate about paper silver vs shiny silver, proof vs non-proof, future value of precious metals vs food water and shelter. Again, my idea ? Go to Royal or U.S.Coin or Southwest Bullion down on Westhiemer, pay spot plus a couple bucks for some Eagles, Pandas or Libertads. Put them away ( except to stare at them on occasion ) and who knows you might actually hit on a one or two future years that have low mintages and develop numismatic value. At the very least this could happen in 50 years or so. Report this Post to the Staff
yup7676 Pillar of the Community United States 3789 Posts	Posted 09/30/2013 12:25 pm @Sheep ohhhhhh I am sorry, had no clue :/ Well, in anycase you are right on the money regarding putting money to work in the stock market first as far as investments versus buying silver. and yes, stay away from bullion for now, its a money pit at this stage. Report this Post to the Staff
Jenger Valued Member United States 239 Posts	Posted 09/30/2013 12:33 pm Im 24, I've been buying alot of ASE recently. I am a few away from having a tube of 2013's. I started with getting two oz rounds from each country, but then realized that I was paying alot more than id like to for premiums. That's when I started mainly going for maples and ASE's. My goal was to get a "tube" of each, overtime. I realized that was a pretty tough goal for me and the market is very weary so I cut that in half to a tube of ASE's. While along the way I purchased alittle bit of gold and a few generic silver rounds, I even have a 10oz bar. My point being is that I just purchase whatever I can, whatever really interests me, whatever I feel like could be quick liquid just in case I would ever need to sell it. I tried to be consistent, but its tough not being quite "set up" yet and not making big bucks. Just do alittle overtime, and it will add up that's for sure. Don't think you'll ever be lucky enough to buy at the bottom and ride the train to the top. Report this Post to the Staff
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