Where exactly do you go to buy gold/silver? Is there a reason you wouldn’t just buy one or the other? How do you cash it out if you need to pay expenses?
Granted I don’t think I have enough savings to be pulling out of my bank account and stockpiling gold & silver. I’ve got enough for expenses but basically hardly any savings at the end of the month. Going through my quarter life crisis right now so to speak.
Both Gold and Silver prices have been heavily manipulated, but silver is more manipulated based on the historical silver/gold ratio. For this reason, many people focus on silver for the higher potential upside moves.
IMO, the focus should be on weight rather than numismatic value. IOW, a pretty coin melts to the same puddle as a generic silver round. I buy the cheapest stuff for my desired weight.
A 'monstor box' is a standard quantity of 500 ounces and is a reasonable goal for many people. If within your means, this would be a reasonable goal as you stack. You can make purchases on-line 10 or 20 ounces at a time.
While some prefer purchasing from LCS (local coin shops), others like me have preferred on-line purchases shipped by US Mail.
Many good sources. I've received good results from apmex.com but there are many excellent suppliers.
APMEX has the best selection options but if you’re buying for weight like you said check out sdbullion.com. They may not have every option in every weight but they are hands down the cheapest by weight.
Gold is being pushed down to a 3mo low. I feel on purpose due to the BRICS gathering coming up next week. Silver is hanging on though. It’s time to watch the Gold/Silver ratio. Silver is still more attractive 82/1 gold to silver but the gap is closing. I don’t think it get there but If it gets close to 50/1 it’s time to switch to gold.
I have 4 major gold/silver exchanges near me not counting pawn shops, etc. You can buy online or local. Pinehurst coins is my favorite online.
In your case id focus on getting out of debt so you can have money to set aside. If you can't afford $28 bucks for an ounce of silver you got bigger problems.
Also bank account is another issue. You should have money in SPAXX earning 4.9% in Fidelity, then transfer online to your bank to pay bills. In a bank you are technically losing 2.8% in inflation leaving it there or take that money and pay down debts since interest rates at ATH.
I actually don’t have debt, it’s just that my expenses are high and my pay is low. I can’t afford to move right now either. I’m locked into my lease at the moment, so unless an employer will help me relocate, I’m stuck. As for the pay, for the employers around here that pay well, I’m either unqualified or otherwise they didn’t proceed with my application.
I’m having a lot of self conflict over my career choice. I feel like where I’m at is almost my only path at this point. I have relatives who are pretty high up in a certain bank that I helped me rewrite my resume and I forwarded it to them and they said they knew some people, so if that works out I, ironically, might go into banking.
Sorry. Ya apartment leases right now really screwing people. I dunno about banking sector. My local banks are closing and cutting staff. You could always move to a nice red state with a lot of jobs. Other option night temp job.
I live in Ohio but in one of the few blue counties. I had to move here last year because of reasons. I’d love to move back to my hometown but it’s way too expensive, even more so than where I live now, and it’s in a pretty red county. Lot of people there are old money. Moving in with family isn’t an option. My mom and stepdad were forced to leave their rental and while they bought a house it’s in the middle of nowhere. I lived with my grandparents for a time and I don’t think they’d mind that much but I can’t continue to be a burden on them. They’re already having troubles as it is. And even if I did move, there’s still the problem of finding work, and the only decent paying jobs there are nurses, doctors, therapists, etc. Stuff I’m nowhere near qualified to do.
Where exactly do you go to buy gold/silver? Is there a reason you wouldn’t just buy one or the other? How do you cash it out if you need to pay expenses?
Granted I don’t think I have enough savings to be pulling out of my bank account and stockpiling gold & silver. I’ve got enough for expenses but basically hardly any savings at the end of the month. Going through my quarter life crisis right now so to speak.
Both Gold and Silver prices have been heavily manipulated, but silver is more manipulated based on the historical silver/gold ratio. For this reason, many people focus on silver for the higher potential upside moves. IMO, the focus should be on weight rather than numismatic value. IOW, a pretty coin melts to the same puddle as a generic silver round. I buy the cheapest stuff for my desired weight. A 'monstor box' is a standard quantity of 500 ounces and is a reasonable goal for many people. If within your means, this would be a reasonable goal as you stack. You can make purchases on-line 10 or 20 ounces at a time.
While some prefer purchasing from LCS (local coin shops), others like me have preferred on-line purchases shipped by US Mail. Many good sources. I've received good results from apmex.com but there are many excellent suppliers.
APMEX has the best selection options but if you’re buying for weight like you said check out sdbullion.com. They may not have every option in every weight but they are hands down the cheapest by weight.
Gold is being pushed down to a 3mo low. I feel on purpose due to the BRICS gathering coming up next week. Silver is hanging on though. It’s time to watch the Gold/Silver ratio. Silver is still more attractive 82/1 gold to silver but the gap is closing. I don’t think it get there but If it gets close to 50/1 it’s time to switch to gold.
I have 4 major gold/silver exchanges near me not counting pawn shops, etc. You can buy online or local. Pinehurst coins is my favorite online.
In your case id focus on getting out of debt so you can have money to set aside. If you can't afford $28 bucks for an ounce of silver you got bigger problems.
Also bank account is another issue. You should have money in SPAXX earning 4.9% in Fidelity, then transfer online to your bank to pay bills. In a bank you are technically losing 2.8% in inflation leaving it there or take that money and pay down debts since interest rates at ATH.
I actually don’t have debt, it’s just that my expenses are high and my pay is low. I can’t afford to move right now either. I’m locked into my lease at the moment, so unless an employer will help me relocate, I’m stuck. As for the pay, for the employers around here that pay well, I’m either unqualified or otherwise they didn’t proceed with my application.
I’m having a lot of self conflict over my career choice. I feel like where I’m at is almost my only path at this point. I have relatives who are pretty high up in a certain bank that I helped me rewrite my resume and I forwarded it to them and they said they knew some people, so if that works out I, ironically, might go into banking.
Sorry. Ya apartment leases right now really screwing people. I dunno about banking sector. My local banks are closing and cutting staff. You could always move to a nice red state with a lot of jobs. Other option night temp job.
I live in Ohio but in one of the few blue counties. I had to move here last year because of reasons. I’d love to move back to my hometown but it’s way too expensive, even more so than where I live now, and it’s in a pretty red county. Lot of people there are old money. Moving in with family isn’t an option. My mom and stepdad were forced to leave their rental and while they bought a house it’s in the middle of nowhere. I lived with my grandparents for a time and I don’t think they’d mind that much but I can’t continue to be a burden on them. They’re already having troubles as it is. And even if I did move, there’s still the problem of finding work, and the only decent paying jobs there are nurses, doctors, therapists, etc. Stuff I’m nowhere near qualified to do.