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<p>[QUOTE=&quot;RaceBannon, post: 1153631, member: 25357&quot;]The fact that you are 18 and thinking about investing puts you ahead of 90% of the other 18 year olds out there. If you want to invest in silver, one of the most simple ways to do it is to buy silver rounds or junk silver. I like these two because they don&#039;t carry the premium you pay for some bullion coins like ASEs(American Silver Eagles).&nbsp; Silver bars are another option. You can buy either through APMEX, on line via eBay, or at your local brick and mortar coin shop.</p><p>The smartest way to do it, as some have already suggested, is to buy some every month out of your paycheck. Set aside $100 a month or whatever you can afford and consistently buy whatever amount of silver that dollar amount will purchase. This is called dollar cost averaging. It is a good strategy for investing, because you buy more of the commodity at the dips, when the price is low, and less at the peaks, when the price is high.</p><p>The other piece to this strategy is to stay in the game for the long haul. Here is where your age comes in, since you are young, you have the potential to accrue serious long term gains the longer you hold your commodity. Precious metals are a great hedge against inflation. As the dollar&#039;s value erodes over time, your precious metals will increase in value proportionally.</p><p>This strategy works for other investments as well. You can dollar cost average your way into mutual funds, stocks, bonds or whatever. Even real-estate can be thought of as a dollar cost average proposition, as you pay some principle into your home every month.</p><p>Time is your biggest assett, and it is heavily in your favor as an 18 year old.</p><p>In fact I would recommend you diversify, most financial advisors will tell you that you should have no more than 10-15% of your investment portfolio in precious metals. That percentage is probably a lot higher for most of the people on this forum, as they are familiar with gold and silver. </p><p>If you take the long term view, even at $40/oz, I believe silver is a good investment. </p><p>Either way good luck![/QUOTE]</p><p><br /></p>

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