I have $5000 that I made over a few years that I would like to invest in gold or other metals- as a long term, stable and steadily rising investment. Any advice on where to start or if this is even a good idea in the first place? If anybody has any reommendations, books, articles etc- it would be g…

You could buy gold/silver coins. pre-1965 U.S. quarters (silver), U.S. eagles/South African Kuggerands/Canadian Maple Leaves (Gold). Atm, personally, I only have some old silver coins; and I think the most common advice I’ve heard is to buy coins. You could also always just…buy anything that has go…

Buy some silver and some gold. Silver’s a little more risky, but has more headroom to grow. Might as well buy some .308 or 30-06 rounds as well, even if you don’t plan on shooting them. Their value will rise as well. Or some booze, smokes, or anything else whose value will rise when our current econ…

First, you need to read everything you can get your hands on about gold as money, inflation, nature of money and banking and so on. mises.org is a limitless resource for this. Start here . Next, you need to get out of cash as quickly as you can. I think gold has tested its lows and I think we will n…

From best to worst: Gold coins, meaning American eagles, canadian maple leafs, south african krugerands. Find a reputable coin shop that will sell you with as little tax, paperwork, and comission over spot price as possible. Shop around. For silver, pre 1965 dollars, half dollars, quarters, and di…

Step [1] : if possible divide your $5000 into 2 “piles” consisting of : [1] money you cannot under any circumstances, afford to lose… and [2] money you can afford to lose [you should be so lucky!]. If that is not possible because you have no money that you can afford to lose, then just be honest…

onebornfree. My understanding is that owning dollars is like being in a car headed toward a cliff. You are correctly pointing out the dangers of jumping out of the car, and how best to do it, but neglecting the danger of staying in the car. If we had sound money and a gvt that isnt printing and bo…

First you need to understand that trading in your dollars for precious metals is usually not an investment. It is simply saving. See here . Next, check out these threads: Looking for a good Finance textbook! I’d like to use Austrian Economic analysis to become an evil speculator. Begining an adul…

Not the best analogy, but it will do in a pinch. Assuming you are in the car, how do you know for certain that it will reach the cliff within your own lifetime? How do you know for certain that it won’t just slow down to a crawl, maybe stop, or reverse, or even “do a “U-ie”” , or even just drive p…

how do you know for certain…how do you know for certain…how do you know for certain…absolutely no guarentees… I don’t. But how do you know for certain the opposite? What are your guarentees that the dollar will retain its value? Since neither side has certainty or guarentee on its side, let us l…

Smiling Dave, where have I ever, in these forums, claimed that I could guarantee that the $US will “retain its value”? . I think you might be confusing me with another poster. My ongoing theme here, as always, has been that the economic future is entirely unknowable, which means that just like gol…

Question on gold/precious metal investment for college students

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John_James December 21, 2011, 7:36pm 19

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