Hey I’m a 19 year old that’s just getting started in life. I’d like to get advice from you guys on gold and silver. I have no idea what I’m doing :/
I’d really like to know which one I should buy and why. I’d also like to know any other advice.
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Google search local coin shops in your area. Go there and tell them you want to buy gold/silver bullion coins like American Silver Eagle or American Gold Eagle. Silver Eagles are running about $25 bucks right now. Gold's are about 1800-ish. These coins are priced based on the Bullion price which fluctuates daily. That's the safest way to invest in gold/silver. You can also ask for "junk silver" which are older silver coins that contain 80% silver. Newer coins contain none.
What do I do with them after that? Like when we go on the bimetallism standard, what do I do?
Idk how this works
Buy silver. Your going to sit on it for at least 40 years. Its insurance against inflation or other calamities. It will at least hold its value not lose value like paper.