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<p>[QUOTE="Blue Angel, post: 623832, member: 14976"]Seem to encounter quite a few newer, younger folks these days on the web asking a lot of questions about buying coins/bullion. In my opinion, one should sit down and think about what you are trying to achieve by purchasing these items. Are you a collector? Are you an investor? Are you trying to make money quickly? Are you trying to make money long term? Are you trying to preserve wealth?</p><p> </p><p>I personally am in the precious metals for the long term......and I have "strong hands".....I am not interested in selling. I am into preserving my wealth. I buy silver bullion, primarily Silver Eagles, Libertads, and 90% silver. Every now and then I will treat myself to a nice Morgan dollar or a Brittania.....I really like the Liberty Walking half dollars and pick those up when the price is right. And I love the proof Eagles and silver mint sets....those are for the grandkids.</p><p> </p><p>The thing is, I buy silver every pay period. I usually spend $150-$200 every two weeks on Ag. That is my "401K plan" (how much have you lost in the last 12 months on your 401K?)...Sometimes I buy from my local dealer, sometimes I buy from folks I meet thru forums on the web. I never buy from Ebay....that is just my personal preference.....The key thing to me is that I "just keep on buying". I don't really worry about spot prices because I think it is irrelevant. The price of silver is exactly WHAT THE MARKET WILL BEAR.....If it is too high at one place, pass on the deal and keep looking. If someone has their silver priced too high, they will probably not sell it as fast as someone more reasonably priced. </p><p> </p><p>I think the good plan is to just keep buying even if it is an ounce or two every payday....It is all about the "dollar cost average"....a topic for another time.</p><p> </p><p>Blue Angel[/QUOTE]</p><p><br /></p>
[QUOTE="Blue Angel, post: 623832, member: 14976"]Seem to encounter quite a few newer, younger folks these days on the web asking a lot of questions about buying coins/bullion. In my opinion, one should sit down and think about what you are trying to achieve by purchasing these items. Are you a collector? Are you an investor? Are you trying to make money quickly? Are you trying to make money long term? Are you trying to preserve wealth? I personally am in the precious metals for the long term......and I have "strong hands".....I am not interested in selling. I am into preserving my wealth. I buy silver bullion, primarily Silver Eagles, Libertads, and 90% silver. Every now and then I will treat myself to a nice Morgan dollar or a Brittania.....I really like the Liberty Walking half dollars and pick those up when the price is right. And I love the proof Eagles and silver mint sets....those are for the grandkids. The thing is, I buy silver every pay period. I usually spend $150-$200 every two weeks on Ag. That is my "401K plan" (how much have you lost in the last 12 months on your 401K?)...Sometimes I buy from my local dealer, sometimes I buy from folks I meet thru forums on the web. I never buy from Ebay....that is just my personal preference.....The key thing to me is that I "just keep on buying". I don't really worry about spot prices because I think it is irrelevant. The price of silver is exactly WHAT THE MARKET WILL BEAR.....If it is too high at one place, pass on the deal and keep looking. If someone has their silver priced too high, they will probably not sell it as fast as someone more reasonably priced. I think the good plan is to just keep buying even if it is an ounce or two every payday....It is all about the "dollar cost average"....a topic for another time. Blue Angel[/QUOTE]
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