I don't know if I am being an ostrich of I seem to know quite a few people who truly believe this is Armageddon or I should stock up on guns and stop using a bank and so on and so on. I am 45 years old have not found steady work in over a year. I pretty much get by as a handyman so obviously I don't have a lot of money. My question is this, I have around 3000 dollars. Is this enough to invest in gold and how does one increase this investment on a small budget?
Welcome to CT. Sorry to hear about your work situation, though you sound like you have skills to survive, tough as it may be. This is not armageddon and there's no need for sticking ones head in the ground. I agree with dwhiz's advice and while you have the time on your hands to learn about investing, do that until you have the necessary cash cushion and other money saved up to begin buying various investments, not just metals. The time you spend learning about investing now will be worth a lot more than a risky loss of $3000 right off the bat. Again, welcome to CT, there's some good chat around here about investing ideas, lots of learners and plenty of people with good life experience to share. Regards.
hi you have not enough money and not good postion.but you must be self confidence.if you afraid to loss your money you will lose it.go to a broker and open a account for trade gold.your 3ooo $ will not change your life but trade can do it:thumb:
Hi VinKim, welcome to CoinTalk! Stick around and learn what you can here; there is a lot of good information for you. After a while, you may feel more confident in making your decision(s) of what to do re: investing etc.. Take your time and learn what you can. Hang on to your $ for the moment (in my opinion), so that your future decisions will be proactive instead of reactive! Invest some time reading as much as you can here, looking at current and past threads/posts. Good luck. Lucy
Seriously, gold closed at $1680.30 on Weds., and you have enough for about 1 and 3/4 oz. investment. Why not invest that $3k into getting a good job or something?
If I keep giving out this advice there'll be none left for me...but ROLL SEARCH with that 3 grand. Yesterday I got 2 boxes of halves (cost $1000), the first one had nothing good in it, the second one had 22-40% and 2- 90%. That 12$ could sell for $125 on ebay if you put it up in digestable 4-5 coin lots. Took me about an hour and a half to find the coins. If you have extra time on your hands you could really have some production. Now, not all days are so good, some days you would be skunked- that's why you need a steady job, but I don't think I know of any other investment where you can make 10-20x quickly. You have to treat roll searching like a hobby, a well paying hobby that will eventually fill your coffers. Now disregard this advice so I have more silver in mine.
Walk into the closest casino and put it all down on black. I'm J.K. I don't know your age, but I'd put that money into improving on my trade, or going to a trade school. If or when the economy collapses, a man with a trade will maintain his demand. If your 3k is disposable income look into a Roth IRA. It falls under non taxable income.
Really feel for you. It took me almost two years and I had to change fields. The money has to be kept as a cushion for the time you might need it. Speculating on metals is dangerous, even for those who think they know what they are doing. If you want to do something with it with no risk, lightrain was right, find a bank you can buy rolls of halves at and search for silver. If you find some, you make a few bucks, if you don't you still have the money. Good luck in nay case.
