I've started buying about $50 a week in silver buillion and I'm thinking into buying a little bit of gold each week as well.
I've done some research on precious metal investing but was curious if any investorfags had some advice on this. Am I just spinning my wheels or will this pay off after 15-20 years?
semi liquid assets are good but ETFs will always keep the price close to inflation. The value of shiny rocks will never be based on scarcity.
William Howard
Don't fall for "collectible" silver. Keep your eyes on silver spot prices regularly and don't pay too much over. If bullion is "cheap" it may be too good to be true. NEVER BUY FROM EBAY or anywhere you can't verify the seller. ALWAYS use payment services which offer G&S coverage. Good luck stacking!
Angel Rogers
Always buy official bullion precious metals and never "collectible" shit.
Isaac Ward
>this
Stay away from ebay and Amazon. The Chinese are counterfeiting that shit so good these days, it's even slipping past some of the coinshop dealers.
Jose Phillips
Silver is cheap. If you're buying gold make sure it's legitimate.
Grayson Baker
Always handle your metals before you buy
Austin Adams
i think that $50/wk is a little much. itll never be worth it to have spent that money, in any future scenario short of a total collapse where you dont die and then still play everything right to become rich enough to justify spending weekly on such an investment. ive been thinking about gold, and my thoughts are that once that money goes into gold, its gone "forever", or no longer moving, for a long time so its best to cycle the money so much before having to spend it on (other) metals. such as by saving money shorter-term, dividing it, paying to hold that money and buying it in bigger amounts (sums) less frequently, such as twice a year or so. if you can put that money into investments (not "muh stocks" etc) but things you can use or pay money to be doing, then the money is being lost, to have made back that money you can spend - this 50 $ - before you lock it away for a long time. and paying money to lose it, so youre spending $70 to keep the $50 you put into gold, to have spent $20 of that 50 youre losing forever
ive also been interested in "rose gold", which i think is a good buy. i know people will disagree and call it a bad investment. i dont know if theyre right about it yet but that inpure gold is worth a look at because the other metals are (just) straight-up better than gold. more useful. plus, you still have gold
it wont pay off in 15-20 years and even so its too much hassle imo
just for something more concrete: pete lynch said you can put money into 3 or 4 stocks and only one of them needs to go up. he says you will fail a lot. that 1 stock will make up for the other, lost ones however i have no opinion on that
If you're buying silver look out for the premiums. They're high right now so watch out. If you're buying online shop around at all the major dealers (SD bullion, JM bullion, Monument Metals are good options) and look for sales. If you're buying locally see what the dealer at your local coin shop moves the most of. If you need to liquidate he'll be one of your fastest sales so pay attention to what he says.
If you really want advice I suggest saving your money and buying gold instead (or at least in addition to silver). The premiums even on smaller coins are much lower.
Ayden Wright
>50 $ >70 $ >paying $20 or had/have spent that, from the 50 $ and this $50 investment then, is $20. thats a lot easier to "pay off". you could probably sell some gold and be OK with that - i would go lower than $ 20/50 of gold spent. maybe 10% lower. but you see?
Julian Cooper
Never pay more than market price for any metal
Asher Richardson
I've purchased plenty of PM bullion in the past, not so much as an "investment" in hopes that it'll skyrocket someday, because it probably won't. I bought it in case of a possible apocalyptic global-wide collapse in the future. Then, the "world currency" will automatically just default back to precious metals again, like it has for 5,000 years now.
Unlikely to be worth it at such small amounts but could help you hedge against inflation a bit. You'd be better off putting that money into futures if you can figure out how the market might swing
Eli Bennett
i also have a quarter, but im not american. a president on this side, eagle on the other the USA currency shall prevail
I wouldn't trust anyone on this website with my monetary values op
John King
All of your reasons for buying gold are multiplied with silver so why even bother with gold? I hate to be ignorant.
Bentley Stewart
OP should buy nft monkey butt hole pictures instead
Andrew Jenkins
you should buy the 2P coins to troll the government
Ian Jones
You sound like you want a nut blown in your mouth
Adrian Young
Why silver and not an etf or something? As I understand it youre just protecting a bit of money from inflation, but it wont be making gains
Benjamin Mitchell
Thanks guys, a lot of really valuable insights here. I appreciate the help b/ros.
Brody Reed
I'm an old man and I don't trust that etf shit.
Grayson Miller
buy old books it doesnt matter how, its just that you should do this. you could/should get them from schools, for bulk books bought (i would easily spend 50 $/wk on books). thats charity-tier, and you can have the best things you can accomplish by purchasing gold, doing this, by buying the books as a cost for the old books, to trade to schools to upgrade. a small, community college, you could buy their x range (such as their section on history), to take their old history books
then once they burn the books, you open up a bookstore
i wouldnt go for the printing metal. maybe i would. you dont know
Dominic Hill
you could also scan the books at a library to sell via onlyfans to college kids for a portion of that portion of their college/uni costs youll never have to pay for it in your life, because the costs of the books first would be too high to ever warrant the profit. but it does give you money back
David Allen
history books, biology, science, bibles, psychology; scan them do you see where im going, user!?
Eli Wright
You're thinking of "NFT". ETF's are exchange-traded funds. I don't trust NFT's either.