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<p>[QUOTE="andrew289, post: 292767, member: 6463"]Depending on how old you are, you must realize that a S&P 500 index fund over the remainder of your lifetime will get you better returns as an investment than buying bullion ever will. So if you are looking for an investment .. that is the way to go. If you think it's cool to have a tool box full of gold and silver coins in the hall closet that you can take out and play pirates of the carribean with ...then you not talking investment but a toy with good resale value.</p><p> </p><p>As always, you should consult with a finanncial advisor. Most will tell you to buy gold stocks and not risk taking possesion of the hard asset...but you won't listen because what's the fun in that? You want to hold it in your hands.</p><p> </p><p>First determine what your monthly budget is and make a purchase every month. Dollar cost averaging is your friend. That's where you buy monthly, no matter what the market price is. Keep good records because you will need to pay taxes on your profits when you decide to sell. </p><p> </p><p>Here is my reccomendation. In January buy a roll of 08 ASE. They will cost you about $380 or so a roll. Put it away. Buy a roll every January. Maybe two, if you can afford it. Why January? because you get them fresh from the green monster boxes, and unsearched. If 10 years from now, you decide to slab them you chances are better to get 69s and 70s buy buying a roll when they hit the streets.</p><p> </p><p>After that, depending on your budget, buy a roll off silver dimes, or quarters or a pound of junk silver every month. Alternate between silver and gold. Buy a half ounce eagle if your budget is around $450 a month. Just make your purchase each month and have fun. By the end of next year you will have a nice little pile for your efforts.[/QUOTE]</p><p><br /></p>
[QUOTE="andrew289, post: 292767, member: 6463"]Depending on how old you are, you must realize that a S&P 500 index fund over the remainder of your lifetime will get you better returns as an investment than buying bullion ever will. So if you are looking for an investment .. that is the way to go. If you think it's cool to have a tool box full of gold and silver coins in the hall closet that you can take out and play pirates of the carribean with ...then you not talking investment but a toy with good resale value. As always, you should consult with a finanncial advisor. Most will tell you to buy gold stocks and not risk taking possesion of the hard asset...but you won't listen because what's the fun in that? You want to hold it in your hands. First determine what your monthly budget is and make a purchase every month. Dollar cost averaging is your friend. That's where you buy monthly, no matter what the market price is. Keep good records because you will need to pay taxes on your profits when you decide to sell. Here is my reccomendation. In January buy a roll of 08 ASE. They will cost you about $380 or so a roll. Put it away. Buy a roll every January. Maybe two, if you can afford it. Why January? because you get them fresh from the green monster boxes, and unsearched. If 10 years from now, you decide to slab them you chances are better to get 69s and 70s buy buying a roll when they hit the streets. After that, depending on your budget, buy a roll off silver dimes, or quarters or a pound of junk silver every month. Alternate between silver and gold. Buy a half ounce eagle if your budget is around $450 a month. Just make your purchase each month and have fun. By the end of next year you will have a nice little pile for your efforts.[/QUOTE]
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