What to buy ?

canned bread and dried meat and veggies! but seriously...you should do research not just randomly buy based on what someone on a on-line forum has to say...

 

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Don't buy anything until you're 'not' confused. And even most of the pros are confused.

And as far as the guru part ... be careful. I've been investing since 1987. I've read close to 300 books on investing and economics (and consider at least 250 of those 'a waste'). I spent a year day trading. I read various sources daily and look for interviews of people I respect. And after all that there is exactly 'one' person who I always take into consideration - Jim Rogers. Why? Because he's consistently been right over a long period of time ... in the medium- and long-term.

 

Thanks for the info

 

Thanks to all for the input.I'm 65 and want to spread things out a little and this IRA is not that important.

 

IF you can hold out, don't collect SS until you're 70. You'll thank me later.

 

i would invest in some livestock, you never know when you will need to trade 2 chickens and a goat for something.

 

Add bullets and some seeds to grow some food too to that list. If things go really bad, those that don't know how to hunt or grow their own food are the ones who aren't gonna survive. These precious metals will be worthless if that's how it ends up becoming. Luckily for me, I know how to do both, most of my veggies I eat come from my garden. And if that day never comes, well, I can say I enjoyed some fresh food while saving money to buy more coins for the collection.

 

It never ceases to amaze me what can be found on the internet!!

 

In that case, and given that you asked about coins and not investing in general, I'd recommend buying bullion gold coins. Silver is pretty volatile in comparison and it could easily lose 50% of it's value in 24 months. There will be the usual squawking here about such statement but silver has already made these kinds of shifts in the last 3 years and nobody here can tell you that it won't happen again. You want stability and wealth preservation and that means gold and only gold.

Depending upon your exit strategy and how you might want to use these to fund retirement, I'd recommend AGEs and Krugerrands. In a pinch they are accepted anywhere that deals in coins and you will get close to spot for them. Best of all, they can be liquidated without anyone knowing anything about anything.

 

Personally, I pay the US Mint premium and buy the First Spouse gold coin series. The mintages are VERY low, giving them some nice upside numismatic potential. The platinum series is quite nice, also. If I absolutely need money at some point, they're available. However, I intend to pass my collection along with hopes that it stay intact for many years to come. A complete First Spouse collection will really be a nice collectible in a couple of hundred years from now (for somebody). :cheers:

 

You cashed in..your choice. Now, you seek an investment item. I say GOOD for you. Before-- you contributed your money to someone you likely didn't know and in theory said "go play the market with my money". Well of course, there are those who will say that paying the commissions and tax breaks are worth it and your funds are SO safe. However, There are also many people who by using their talent and 65 years of knowledge that can and do manage their investments better than any Wall Street college kid could dream about. I know several who have made a lot of money with their cashed in funds. I suppose some don’t and are the type who need to pay all the third hands for managing and investing their money. But there are many exceptions. I know a young woman who in 2009—against all the family advice took her SAFE 12K money from a managed fund and has made a fortune. So, good luck being the boss of your own investing. Coins and especially Gold would be my choice