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<p>[QUOTE="myownprivy, post: 3443057, member: 84588"]I doubt a 16-year-old would have trouble coming up with $75. In many big cities in the country now that is only 5 hours worth of work. In many other parts of the country, it's only 6-8 hours worth of work. Most teenagers can work that single day after school at a real job, earn money in under the table work, or save up some allowance from parents if they get one. </p><p><br /></p><p>However, we should focus on how that 16-year-old spent his money. I know I made some purchases back then I regret. I'd recommend using that $75 next time to put into high earning savings account or CD, opening your first mutual fund or ETF, or if you insist on buying bullion, going for government-issued coins, not bars. Another good choce is junk silver due to the very low premiums. </p><p><br /></p><p>However, I think you made your silver bullion purchase a good time after the significant decline in price in the last few days.[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 3443057, member: 84588"]I doubt a 16-year-old would have trouble coming up with $75. In many big cities in the country now that is only 5 hours worth of work. In many other parts of the country, it's only 6-8 hours worth of work. Most teenagers can work that single day after school at a real job, earn money in under the table work, or save up some allowance from parents if they get one. However, we should focus on how that 16-year-old spent his money. I know I made some purchases back then I regret. I'd recommend using that $75 next time to put into high earning savings account or CD, opening your first mutual fund or ETF, or if you insist on buying bullion, going for government-issued coins, not bars. Another good choce is junk silver due to the very low premiums. However, I think you made your silver bullion purchase a good time after the significant decline in price in the last few days.[/QUOTE]
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