Do you buy Precious Metals because you don't know how to invest?

Discussion in 'Bullion Investing' started by myownprivy, Mar 6, 2019.

  1. myownprivy

    myownprivy Well-Known Member

    Blah blah blah blah
     
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  3. Santinidollar

    Santinidollar Supporter! Supporter

    You aren’t the most tactful devil I know, but I totally agree with you.
     
  4. green18

    green18 Sweet on Commemorative Coins Supporter

    Blah, Blah, Blah........

    1:38 into the song.

     
    myownprivy likes this.
  5. LA_Geezer

    LA_Geezer Well-Known Member

    The OP is either arrogant as the devil or a troll. Why feed his need for responses?
     
  6. SLACKACTION

    SLACKACTION UNION REPRESENTATIVE

    There is allot of fake weed out there doesn't weigh out to an 28 grams... so you better run it all by here so I can test it and affirm the quality.. and grade it... for a small fee
     
  7. -jeffB

    -jeffB Greshams LEO Supporter

    Now, how would a guy named "SLACKACTION" know anything about that? :angelic:
     
    SLACKACTION likes this.
  8. Cheech9712

    Cheech9712 Every thing is a guess

    Own a home. But yes to all the rest. If i had some money i would try all the above. Now it's just read, learn and dream
     
  9. Cheech9712

    Cheech9712 Every thing is a guess

    Isn't AG. gold
     
  10. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Ag is silver. Au is gold
     
    Legomaster1 likes this.
  11. Legomaster1

    Legomaster1 Cointalk Patron

    I abbreviated silver with it’s elemental symbol (Ag).
     
  12. Legomaster1

    Legomaster1 Cointalk Patron

    I completely agree. Many members offered opinions and explanations, but, OP’s whole tone was arrogant and it seemed that he wanted to mock others for making the investment choices they do. In his whole post, I was anticipating a sales pitch towards the end.
     
    Randy Abercrombie likes this.
  13. Don P

    Don P Active Member

    You really don't need to know "how" to invest, more so the discipline to invest and "save" money in any form.

    To be a great market investor, you really don't need any sense of the market, or follow the market. They make retirement date (target date) funds you can put your money in until the date you retire....done!

    For myself, I buy bullion only if I see I can get a good deal on something and possibly make more money. Numismatics on the other hand is a hobby that I enjoy which I partially look at as an investment.
     
  14. myownprivy

    myownprivy Well-Known Member

    Let me try to make my point less condescending and more simple: learning how the market works, or how to start a business, or how to own a home requires a certain level of knowledge. Many will accumulate this knowledge from family growing up. Buying something and hoping it gains value is something anyone can do. There is no barrier to entry for buying Beanie Babies, Bobble heads or silver, on the other hand.
    My post was more out of concern than arrogance. Are you buying precious metals because you think they are an investment? Are they your investment because you never really learned how the market works, or how home ownership works, or the benefits of owning your business?

    If this is the case, slow your PM buying, please, and seek some advice from a financial planner.

    There are a lot of blue collar folks without any money in the market who buy 10oz of silver every paycheck instead of putting money into the market (or even a CD). This is not going to turn out well for you...
     
  15. bchimself

    bchimself New Member

    I built my home on land i own. I invest in a portfolio with dividend blue chips and etfs, diversified by sector. I have gold and silver coins and jewelry. I have a steady salary with heathcare and retirement. My family regularly invests in community businesses. That good enough?
     
    Clawcoins likes this.
  16. Richard Metcalf

    Richard Metcalf New Member

    I'm not sure about all that. With the right knowledge a person can grow a modest investment vehicle over time even with a one coin a month budget. Although I can only boast a 12% gain excluding my palladium ( Which has a 200% bump) in 7 years. I can access it at any time. Gold for me is only a store of wealth.and not really a great investment tool. Give me graded rare coins at less than whole sale and I'll jump on it if the price insures a profit out the gate.
     
  17. imrich

    imrich Supporter! Supporter

    You've done a great job!! But you probably should really get yourself a copy of an ORNY ADAMS presentation to top it off.

    JMHO
     
  18. Kentucky

    Kentucky Supporter! Supporter

    Actually it is his thread (OP), he just likes to stir the pot.
     
  19. whopper64

    whopper64 New Member

    Glad to see many responses about bullion and coin purchases for pleasure/history rather than investment. My coin collections are just that - pleasure and preservation of history which I will then pass on to my grown children. This does not apply to the truly rare coins that do consistently and historically trend upwards in value. But those are few and far between, and are basically out of reach of 99% of coin collectors to begin with. So, if you are an avid coin collector, enjoy your collections but don't be confused with their value as an investment!
     
  20. Kentucky

    Kentucky Supporter! Supporter

  21. Kentucky

    Kentucky Supporter! Supporter

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