Ideas On Investing $1,500 In Pms?

I'd recommend gold. If you're close enough to make a trip to Carson City, Northern Nevada Coins is a good place to window shop everything from bullion to very high end territorial pieces. The old mint is across the street, and Virginia City's a half hour away.

www.brokencc.com

I think GLD is an ETF and I think it is a good one. That is one good way to invest in PM's. I just love the actual PM, but there is the storage cost etc. You don't want to have thousands of dollars worth of PM in your house even if you have a safe. People do home invasions just to get PM's. There are many decent stocks with dividends of well over 3%. I know because I have about 20 of them. I have taken capital gains just off some index funds in the last few years as I try to diversity into REITS, Annuities, common and preferred stock. A lot of investing depends on your age. I sincerely say this, but any of you can be millionaires if you put away 15% of your pay into stocks starting at age 25 and keep it up until you are 65. It does not take brains. I did it, and all I knew was to dollar cost average and just hang in there. I know some of you guys already know this and you are right. Gamble when you are young and then get more conservative as you approach retirement age. When the market crashes again just hang in there. Don't get scared and sell. Keep buying stocks and all the other type financial vehicles and you will be able to live off your dividends one day. It actually works. It is the American dream and all the odds are stacked in your favor the more money you have.

The thing is that if you want to make money in PM you must buy consistently and that means you must stack up the PM's for many years. I was stacking silver in 2001, but quite in 2004. I sold off my inventory and then 2011 comes along and price of silver triples. If I had been stacking silver all along I could have sold for a nice profit. I do think that gold or any other PM's are good as insurance. I think gold and silver coins and items are usually beautiful and worth collecting on their own, but when inflation goes hyper or markets crash you can make money.

I have about ten sets of coins and I keep them in a deposit box. It costs me $300 a year to store just these sets. Now if I still had all that sterling silver I would have needed a safe. I don't know any more about PM than anyone else, but since I have been investing for 40 years I know something about that.

Don't invest in PMs. Buy the physical because you need the physical.

I asked my former Financial Advisor about this years ago and he told not to buy precious metals ETF's... He told me if I wanted silver or gold to go out and buy the actual metals...

As fistfulladirt pointed out, "Paper is only good on paper"...

The OP... My advice would be to open a IRA and invest that money elsewhere as the ROI would be far greater than you would ever get in buying PM's... If financially your doing great and have the extra funds to spend than I would recommend 1 oz silver coins (ASE's, Maple Leaf's, etc) and 1/10 gold coins (AGE's, Maple Leaf's) as they are easier to move if you needed or wanted to...

buy what you like.....buy from members here as from time to time there is some nice stuff for sale. For me personally, I would do a mix of stuff, some bullion and 90% silver and some fractional gold.