Investment time has come...

so Jim, how long of a buying duration would you advise? I have decided I am going to invest about 4 k total. It is money I would have not normally had, so I see it as an opportunity!!! I am not concerned with trying to flip it, but if the opportunity comes to where I could make a big return, and still actually keep some of my physical investment I would. The 4 k in investment will still leave plenty to put in a crappy not even a percent drawing savings acct at my local bank, or if any of you have suggestions as to a safer short term investment where my money is accessible in case of an emergency, my ears and thoughts are open !!! Chime in at will
Thanks,
Rocky

 

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My retirement portfolio looks pretty healthy right now. I have been with this company going on 5 years, and before that, I worked at a major Concrete supplier for 11 years, and never touched any of it there. My election percentage has always been 10, and I just rolled the 11 years worth from the previous employer to my current employer. I dont want to have to rely on that though. I want to make the money independently with the money I have. ( I want to use my money to make money) thoughts?

 

Well, I'm no expert, but I would think that at todays prices for PM's that although it makes your money "safe" based on metal instead of paper, unless you are expecting the US money to be completely devalued, that putting money into PMs to "make money" is not the smartest choice. PM's could drop and then where would you be? If they raise in value, are they going to do it enough to make it worthwhile to have and outpace other ways of investing.

Some people have said that if you want to make money with an investment, it should be in something like Real Estate, and not coins or bullion. Of course, you could get lucky and get in to the right thing at the right time.

 

if your going to go to silver generics work fine. I have never had a problem selling them over the years for a good price. you get more OZs for the money so you get more $$ down the road. I have a bunch of ASEs but I have done the math ( and sold silver) and generics work fine.

 

APMEX is one of the most expensive dealers out there. I would check out Tulving since they specialize in bulk purchases for near spot price.

 

The lots @ Tulving are too big? 1000 dollars face value....

 

This probably won't come out right, but I'll give it a shot:

The old saying is to buy low and sell high. Right now, gold and silver have been in a bull market for a decade. The stock market is still about where it was in 1998. This should make people stop and think about which investment is likely to be low and which is likely to be high. The past decade and perhaps the next couple of years were/are the time to own the metals. But the time will come, perhaps much sooner than most expect, when the stock market will outperform gold by a wide margin for a decade or more. So you may want to consider an index fund or actively managed stock mutual fund as an alternative to owning gold if your goal is profit maximization. If you already own a lot of stocks, then maybe the added diversification of gold makes some sense. Only you can make that determination.

 

I think it came out perfectly, but it is like wearing a Charger's jersey to a Raiders game. The crowd will soon be all over you.

Asia isn't treating PM well this morning.

 

If I'm going to "invest"...it's in the stock market. PMs are a non-dividend producing speculation (imo).

However, I'll invest in PMs if there's a numismatic upside. For instance, the year before last I won my fantasy golf league and had $3000 to invest. Everyone I know thought I was crazy, but I had an opportunity to buy an unopened box of eighty (80) 1962 mint sets @$22/set ($1760). That was an outrageous price at the time, but not now. Even if the price if silver drops I'm not worried. In 20 years that box will provide a nice return. It will be one of the last sources of truly unsearched 1962 coins available. That's much better than simple bullion (imho).