Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
I WANT TO BUY SOME GOLD but I AM A LITTLE SCARED
>
Reply to Thread
Message:
<p>[QUOTE="TheMont, post: 2490480, member: 80121"]Opinions are cheap and everyone has one. I really don't think a coin forum is a good place to go to for advice on what to do with $8,000. If you read the different posts, you'll see what I'm talking about, everyone has a different suggestion. The accepted advice is put 20% of your investment money into physical gold (take physical possession of the gold) and then diversify the rest.</p><p><br /></p><p>Diversify into what? I don't think I'm competent enough to advise you what to do with the remaining $6,400. What would I do? Speaking as a layman and not a licensed financial planner, I'd put some money into Treasury notes, some into energy stocks, and some into a retirement fund such as an IRA or Roth.</p><p><br /></p><p>By the way, I'm retired and this is what I have done and it worked for me. I also had a 401K from work that did well. Will this work for you? Don't know, and I really don't think anyone really knows. I do know I bought silver at $5 an ounce and gold at $450, so for me it has appreciated well. Will it continue to appreciate? That's the elephant in the room.[/QUOTE]</p><p><br /></p>
[QUOTE="TheMont, post: 2490480, member: 80121"]Opinions are cheap and everyone has one. I really don't think a coin forum is a good place to go to for advice on what to do with $8,000. If you read the different posts, you'll see what I'm talking about, everyone has a different suggestion. The accepted advice is put 20% of your investment money into physical gold (take physical possession of the gold) and then diversify the rest. Diversify into what? I don't think I'm competent enough to advise you what to do with the remaining $6,400. What would I do? Speaking as a layman and not a licensed financial planner, I'd put some money into Treasury notes, some into energy stocks, and some into a retirement fund such as an IRA or Roth. By the way, I'm retired and this is what I have done and it worked for me. I also had a 401K from work that did well. Will this work for you? Don't know, and I really don't think anyone really knows. I do know I bought silver at $5 an ounce and gold at $450, so for me it has appreciated well. Will it continue to appreciate? That's the elephant in the room.[/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
>
I WANT TO BUY SOME GOLD but I AM A LITTLE SCARED
>
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...