I always shied away from precious metals as an investment vehicle, too much up and down. But I am invested in medical ETF's as I worked in that industry for 38 years, and everyone gets sick, so I've always done well. Having retired 3 years ago, and no longer making contributions, just sitting on it, I have made $12,000.00. Three months is not bad but don't jump off the wagon if it starts to move around. You don't have that big an investment yet to get a panic attack.
Nice Tommy. I don't actually wan't to use this as an investment. The graph is showing my current value that my items are going for and not just the melt. I have thought about stocks, I just don't seem to think that I have enough assets to actually do something worthwhile. Of course, that might be because of my limited knowledge on stock markets. I agree on "not to panic and jump off the wagon". I'm more or less in this for the long haul. It's just a ton of fun stacking silver, and hopefully some more gold in the future. I recently got my first gold eagle. Even though its only the 1/10th version, I still love it. It's an awesome piece.
Congrats on the gold piece. I'm also stacking some silver of different countries one ounce versions of our Silver Eagle. British Brittania, Austrian Philharmonic, Canada. I do this with my ebay sales so I don't touch my "reserves". Old fashioned conservative with my outlays. But I started small also. It started with picking up the Wall Street Journal at work every day and I taught myself. I started out with 5% taken out of my pay each week and eventually got up to 10%, before taxes, and it took a long time, but I got there eventually. You will too.
I like silver as it is low now , but I also like dividend bearing stocks . Stock investing if you're young is a good way to build wealth , the trick is staying up with inflation which is probably closer to 6-7% than the 3% that is reported .
You are quite correct. The government does not factor in commodities which brings inflation way over the 3% mark.
I like the holdings charts APMEX provides. I don't invest in metals per se, just collect, but they track it anyways, whether I buy from their site or on their Ebay store. Mine is just over 12k. But thats all in collectable coin.
Same here coleguy. I buy many different types of silver coinage. I like to think I have a diversified silver collection. I really really wanted to love the Britannia coins, but the 2014's seem to all be EDITED : Language. Bought 2 horse privys from JM and they both were dissapointing. 1 had deep scratch, and the other tons of finger prints. APMEX seems to be the most reliable and quickest option to date for me.
Are you talking about just using the holdings tool online? If so, yes, I do. I try not to look at it very often. I have a lot of silver buying sins in there that are haunting me. But I do find it very useful. If you're talking about their precious metal storage, then no. Way too expensive to store bullion with them.
Very nice! What kind of silver could you be ashamed of? I'm curious, ha. Also, what platinum did you get? And yes, i mean just the tool. I want to edit my post to clarify that, but it seems I cant.
I bought about 20% of my silver over $30 and even bought 20oz over $40. So I'm battling a high dollar cost average in my silver. I've got it down now, but I'm quite a ways off from break even yet. I've picked up a lot more at better prices in the last six months. I'm buying half ounce platinum eagles right now. That's about what I can swing in a month. I'd like my platinum to be in 10 1/2 oz eagles. It gives enough fractional dimension to it that I can take them and trade them for other metals without having to move 20% of the metal in one move. What's frustrating right now, is that the door is wide open on platinum and I can't make a move on it. January/February is a terrible month for cash flow for me because insurance of all sorts is due for the year right now. The other part is that plat eagles are very hard to come by. When they come in, you gotta pounce on them. I prefer to buy from Provident, but they only get them in for a few hours and then they're sold out for another few weeks.
That's just my opinion, and I'm offering it for free. So consider that... It's cheaper than gold, silver is up a few bucks off it's low (and vulnerable to head right back down). Doesn't seem like there are as many openings in platinum as there are in gold and silver.
There's no good place to buy low near spot platinum. I have 400. Prefer apmex but 1/4 is going way off from spot
