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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You are getting sound advice, make sure to get a little bit of everything.
Junk silver, in an economic collapse, may be the only money you will have to buy goods and services. I bought .50 pieces, quarters and dimes. They may be the only thing you have between you and starvation.
Silver bullion is good to but that is more for larger ticket issues.
Gold bullion is for the big stuff, mortgages, asset purchases. There is a risk of gold confiscation, so mix it up with actual gold coins. A St Gaudens $20 coins are a little more than 1 oz bullion but they have consistent resale value (being collector coins). They are nearly 1 oz in gold.
Hide it, store it a vault (not in a bank), don't tell anyone what you have. It will be hard but keep it to yourself.
A valuable lesson I learned, you tell someone in passing that you got it, when shit hits the fan, they will be on your doorstep to take it away. Tell no one.