Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Buying gold
>
Reply to Thread
Message:
<p>[QUOTE="myownprivy, post: 3395746, member: 84588"]Silver is poor man's gold. Copper is a homeless person's silver. </p><p><br /></p><p>There's nothing wrong with silver or copper, but once you get serious about putting away 5-10% of your money into PMs, you won't be able to do it with silver. If you have anything close to middle income or higher, it will be near impossible for you to easily store that much in silver. </p><p><br /></p><p>Average household income in the US is $75,000. 5% of that is $3750 that you could be putting in metals. That's a couple ounces of gold or 200-some ounces of silver. </p><p><br /></p><p>After just 5 years of doing it, what will be easier to store: 10 ounces of gold or over 1,000 ounces of silver? </p><p><br /></p><p>So, please, don't advise the young man to buy silver. Silver is a poor investment strategy on its own. Maybe buy mostly gold and a little silver as well. But focus on gold as being the primary PM you use. But of course, if you're a teenager and just starting to save money, put it into the market with a mutual fund or ETF. You'll do much better.[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 3395746, member: 84588"]Silver is poor man's gold. Copper is a homeless person's silver. There's nothing wrong with silver or copper, but once you get serious about putting away 5-10% of your money into PMs, you won't be able to do it with silver. If you have anything close to middle income or higher, it will be near impossible for you to easily store that much in silver. Average household income in the US is $75,000. 5% of that is $3750 that you could be putting in metals. That's a couple ounces of gold or 200-some ounces of silver. After just 5 years of doing it, what will be easier to store: 10 ounces of gold or over 1,000 ounces of silver? So, please, don't advise the young man to buy silver. Silver is a poor investment strategy on its own. Maybe buy mostly gold and a little silver as well. But focus on gold as being the primary PM you use. But of course, if you're a teenager and just starting to save money, put it into the market with a mutual fund or ETF. You'll do much better.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Buying gold
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...