What would you do with $800

Cleveland 2nd term but Harrison is close http://www.numismaticnews.net/article/mint-stats-buyers-happy-with-return-of-10th-oz

 

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PM?


What?


Spend $800 on Private Messages?

 

What to do with $800? Do you have credit cards paid off? Funded a retirement plan? Have a few months salary set aside? If yes to all, I would PERSONALLY buy pm coins that you like. If you are a "collector" of bullion coins rather than just a stacker, you get immediate return in the form of collecting pleasure. Best return overall in my view. "Stack" what you like to "collect".

 

I agree with the above, and I would consider Palladium.

 

If you've already decided that this money is going towards PM, I would buy silver based on the gold to silver ratio being at a three year high.

Gold to silver ratio is the number of ounces of silver that you can buy for the price of one ounce of gold. It's currently at 62.29. In mid 2011, it dipped all the way down to 33. That was the time to buy gold, or at least trade silver for gold. Right now I'm holding gold and buying silver. If the gold to silver ratio goes much higher than it is now, then I'll be trading gold for silver.

 

I would wait

If you like the prices in June you will love it in July

 

I just spent nearly $800 on Silver Wheaton. I hope it wasn't a bad move, but it's done now.

 

Probably almost a months salary aside,,i have already paid into my 401K "10 years" and continue to pay into my 403b "9 years and counting" credit card is almost zero as i just bought some stuff and will be paid in the next few weeks when invoices comes in

 

can you elaborate?

 

Ok. Just checking sir. Way too many people leveraged to the hilt were "getting into" pm when they should have been "getting into" a better financial position first. Just wanted to make sure you were in a good position to worry about buying pm.

 

Sure, in my opinion we have not seen the bottom yet. Markets always seem to overcompensate so I think we still have a bit to go as both Gold and Silver are still trading above cost of production. Couple that with a Dollar that is still strenthening, improving economic conditions, and improving optimism, I would say that the chances of PM's being lower in July are greater than them being higher.

Mike

 

If I were to spend $800 on PM, I would get something I wanted... something very pretty to look at up close and put me in a drooling trance. For today, it would be the 24-hour sale of 2013 Libertad 5-Ounce coin PCGS MS-70 First Strike slabbed for $192 (since I currently have no Libertads and missed a recent 1-ounce Libertad sale). Yeah, I would get $800 worth of that... or maybe adjust quantity to include 2013 Libertad 5-ounce Proof coin in original capsule. Those look stunning!

 

2013 Somali Elephants. APMEX has them for cheap, any quantity. Great semi-numi play.

 

Beautiful looking coin. They recently received a batch and lowered their price to $2.99 over spot any qty. I ordered more over the weekend.

 

Buy a 1/2 ounce burnished APE (American Platinum Eagle). TC

 

A bit off track, but Morgan's..

 

I am on the page you are on. I do appreciate it,,I would like to have at least 6 months salary set aside, I will work on it...Thank you again!!

 

Where can you get Morgans at a good price. i do not expect to get them for melt perhaps a bit higher not $28-30

 

Morgan dollar if cleaned are just melt.silver coin unless there key dates.even cleaned key dates after not to much over melt money unless there a proof or a C C mint.

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Ok, I actually disagree with this, but I fully understand that I am one of the few people who thinks this way, but lets see if I convince anyone anyway. Now convention wisdom and "normal" financial thinking would state you should pay off you credit cards, and get other things in order first. It is logical since if you are paying 18% on you revolving credit, why would you want to try to invest in something that may pay you, lets say 8% if you are successful.

Well, my way of thinking is a bit different. I look at investing as the most important skill set you will ever learn in your life. Like I said, it needs to be learned, it is not something that comes easily or naturally, our school system does a poor job in this area, and parents in most cases are not that helpful either. I think of the "negative early returns" sort of like a tuition. We gladly pay to go to college to learn a skill set, right?

Investing is something that is best learned hands on. When you actually have skin in the game, you will certainly be more focused. It is my opinion that young folks should start as early as possible with small amounts of capital. If you lose some cash, so be it, a lesson well worth it. The earlier you start learning the better, this way as you income increases, and you have larger amounts of capital to put to work, to will have already "paid your tuition" and your chances of success will be much higher. JMHO Any thoughts ???

So to try to tie this in and keep it on topic, even if the OP has other things to "take care of" it still may be wise to think about a way to invest his 8 Benji's