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 Replies: 14 / Views: 2,416 |
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Pillar of the Community
United States
964 Posts |
Wanting some opinions
Should I buy those. Or gold?
Just curious what you would do in my situation.
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Pillar of the Community
United States
5825 Posts |
What's your aim for such a purchase?
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Valued Member
United States
282 Posts |
If your goal is to make an investment in bullion, there are easier, much more liquid ways of doing that. There are several ETFs available that, although they may have tracking errors, do offer instant liquidity and no storage issues. Or you can just buy bars of silver or gold at a minimal premium to spot.
If you are making a numismatic investment I will defer to the experts here.
Edited by syeb
06/22/2016 2:49 pm
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Pillar of the Community
United States
3789 Posts |
I say use that money to buy on the way up in increments, and put most of that money towards buying gold and then a less part into silver.
Too bad you weren't starting to buy on the way up in February or a little bit before then.
For now, I would use only a quarter of that money to buy PMs and wait until September to start buying, that is if gold and silver are still rising.
I agree too, there are many other better financial instruments to use then buying all that metal, then again you didnt saw how/where yo would store all that,,, which I mean you might have that already planned out.
In any case, you have my blessing to be buying PMs lol jk.. no really you are good to buy, just dont make your entire purchase all at once.
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Pillar of the Community
United States
1119 Posts |
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Bedrock of the Community
United States
10982 Posts |
Since you're talking $50k I'd spend at least half of it on gold. I'd buy 20ozs of gold and spend the balance on silver. 1 ounce BU American Gold Eagles can be purchased at a nominal premium to melt and you should have no problem finding 20 for $26k. On the silver you might want to wait for a dip to $15 or $16 which is likely sometime this summer. Check this site for pricing: http://www.goldprice.com/silver-american-eaglesEFTs are an option also as mentioned above. This is strictly my opinion and as always YMMV. |
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Pillar of the Community
Canada
5241 Posts |
It would be easier to store 20 oz of gold than a couple of monster boxes.
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Valued Member
United States
56 Posts |
Easier to store and easier to sell when the time comes, I think.
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Valued Member
United States
477 Posts |
just buy rounds or better buy a nice fixer upper house for 50k if you don't have one yet
Edited by greenprint
06/22/2016 9:15 pm
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Pillar of the Community
 United States
964 Posts |
All great suggestions. I'll think on it and let you know what I do
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Rest in Peace
United States
2668 Posts |
Vegas, baby!  |
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Pillar of the Community
Norway
1358 Posts |
If you want to fill a treasure chest with real silver coins, then this would be great. Just keep some small change to buy a pirate flag and matching outfit and you're set. If your intention is to buy silver as investment, then I think it's more convenient to wait a bit until silver prices drop a bit (which, according to most experts around shouldn't be long now as we were just on year high and it's gone down a bit since), and invest in bullion bars instead as they're usually closer to spot than coins.
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Pillar of the Community
United States
4333 Posts |
Just one word.
Plastics.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
1068 Posts |
IMO. I would stay away from ETF's... I asked my FA about purchasing them years ago and he told me if you want gold or silver then go buy it so at least you would have something to show for it... But ETF's is just buying it on paper and you never really "own" it...
Me personally, I would buy gold with it as it would be easier to store it and to sell it later if you wanted too...
Good Luck!
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Pillar of the Community
Canada
3692 Posts |
Why do you need so much silver?
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Replies: 14 / Views: 2,416 |
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Posted 06/22/2016 2:48 pm
