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<p>[QUOTE=&quot;troyheights, post: 327420, member: 11271&quot;]Two key questions you need to answer before investing money are how long do I want to lock into the investment for, and how much risk am I willing to take.</p><p><br /></p><p>Given the amount of money you want to invest I infer that you probably don&#039;t want it tied up for years and that if the $1400 became $700 14 months from now, it would be painful.</p><p><br /></p><p>For a variety of reasons I do not think that investing in coins would be right for you.&nbsp; Here is one:</p><p>Coins have a fairly high transaction cost.&nbsp; If you buy $1400 in coins at fair market value and then want to sell them the next day you may only get $1200 (millage may vary) for them.&nbsp; This means that the market price for your coins needs to climb to over $1600 to get back the $1400 you started with.</p><p><br /></p><p>Your best bet would pay off any debts you have.&nbsp; Or being debt free to put the money in a CD or a money market fund if you needed quick access to it.&nbsp; If you want to go long term, set up and IRA.&nbsp; Do so by 4/15/08 you may be able to take a deduction on your 2007 taxes.&nbsp; There are a lot of institutions that will happily set up and IRA for you.&nbsp; I like Vanguard, as they have a wide assortment of indexed mutual funds, their total market fund being a good choice.[/QUOTE]</p><p><br /></p>

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