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<p>[QUOTE=&quot;medoraman, post: 1669533, member: 26302&quot;]OP, the biggest thing I can say is life will happen to you. Probably very quickly. You are engaged, I assume you will get married and probably have some kids. You know how much formula and diapers cost? Out of pocket delivery costs? Car breaks down?</p><p><br /></p><p>While I applaud you wishing to work towards your future, something like PM is troublesome because you pay a premium to purchase it, even if the market does not go down by the time you sell you take a pretty good hit.</p><p><br /></p><p>To me, the road to wealth is staying out of debt. After any credit card balance is paid off, I would put this money aside for an emergency/house down payment fund. I know returns suck now, but you always know you can get access to this money when you need it, and not have to lose some selling something to someone else. I have been there when silver was plunging, and trust me when that is happening you lose more than just the market price, since dealers sometimes pay even lower in such a situation.</p><p><br /></p><p>Now, for your hobby, if you have $50 a month to spend on a hobby, then I don&#039;t care what you buy. If seeing piles of silver make you happy, then feel free.</p><p><br /></p><p>Once you get more above water financially, own a home, money in 403b, and some money in a savings account for emergencies, then investing in PM is a WONDERFUL idea. I really do think everyone should have 10% of their wealth in it. I am just saying you are not there, and I foresee you really NEEDING this money you wish to build up very shortly. Because of that fact, the shorter term NEED of this money, I would not advise buying PM, stocks, or any other longer term investment with it.</p><p><br /></p><p>Just my opinion.[/QUOTE]</p><p><br /></p>

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