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.
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.
Blue collar... I am 73 years old. A Grandpa. So I will tell you my story about gold and silver as I would tell my grandson today. Remember, advice is worth every penny you pay for it. I grew up in the 70's when gold and silver went CRAZY. There was inflation at the time. Raises I was getting were on the order of 15% a year for several years. Gas shortages and lines to fill up your vehicle. I remember talking to my peers at the time who had mining shares. They were selling shares at 300% profit or more and buying boats and cars and such. It was quite and education at the time. It has never, ever, repeated that performance in my life. I lost a lot of money in mining shares. But!! I started buying gold coins whenever I could afford it. One here, one there. Always when prices were up!! I got gold fever and bought high. Don't do that. If you want to invest in gold, buy a gold coin from a reputable dealer when you have extra money to spend and gold takes a shit. It is not an investment. It is insurance to be put away and never sold unless you really really need the money. That said, I was buying gold at 500 dollars and ounce. (could have been 300 if I wasn't dumb) But over time I amassed a considerable amount of coins which I have in a safe deposit box. Also, I started saving silver coins which were in circulation at the time. Again, putting them away for later. They are called Junk Silver for some reason. Again, you can buy any amount you want from a coin dealer and put them away. If Biden and the communists destroy the currency it may happen again but don't get carried away. Stack coins when you have extra money or can sacrifice a little for your future. You are not going to get rich quick on precious metals but they might some day save your ass.
Junk silver because they are only 90% silver.
Money for when money is not money.