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<p>[QUOTE=&quot;maksimfa, post: 527879, member: 17157&quot;]Even though by law i am prohibited against providing advice online, I can add a few general notes as the previous poster hit it on the head about setting priorities straight.</p><p><br /></p><p>Before investing in anything, stocks, bonds, gold, silver, cars....</p><p><br /></p><p>build a solid financial base.</p><p><br /></p><p>1. Establish a minimum cash reserve.&nbsp; $1k for a rainy day.</p><p>2. Pay off all debt, not including mortgage, but anything such as car notes, credit cards, etc. These debts carry a high adjustable rate typically and no prudent advisor will promise you 20% returns.</p><p>3. Build up your cash reserve to 3 to 6 months if you are still working.&nbsp; 1 year if you are retired.&nbsp; By months I mean commited fixed and discretionary expenses.</p><p>4. Make sure you are financially protected in case you lose your job, or get hurt and cannot work.&nbsp; Also in case of unforseen death.&nbsp; Family must be protected. God forbid you pass away, dont leave instruction, spouse sells off your gold coins for 20% going rate and takes the 90% silver half dollars to a coinstar at the grocery store.</p><p><br /></p><p>Make sure there is money in case of death, ie insurance, and do leave instruction, ie wills and trusts.</p><p><br /></p><p>After that is done... by all means invest, speculate.[/QUOTE]</p><p><br /></p>

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