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Originally Posted by piratej 21  To Andrew: Im only 22 and thanks to college I don't really have any savings. Thankfully I have no credit card or other debts to worry about.
I frequent a PM forum regularly and on both that site and this one gold seems to be pretty hyped. Maybe I'm just getting caught up in all the excitement. I'll just keep saving a little from every paycheck and just maybe if I have enough money by the end of the year I'll get a 1/2 oz eagle or something. |
I think that makes sound sense. Over time, you will acquire enough PM to become I viable part of your portfolio but that's the benefit of dollar cost averaging and the effect of time. You should look up Rick Edelman, he is a is/was a Georgetown professor and finnacial advisor who's best known for his book The Truth About Money. It's great information as you start out on not only your working career but your financial career as well.
http://www.ricedelman.com/
I started out buying 1 American Gold Eagle every year and as my income increased, I was able to get 2-3 per year and so on. In 20 years you will look back and discover that you have generated a nice solid foundation.
