How I invest on a budget part 2

Me explaining a little bit about my situation and detailing how I am investing in my financial future, even though I barely have 2 nickels to rub together. If I can do it, anyone can, lack of funds is not an excuse.

continued

Category:

Autos & Vehicles

Tags:

• financial
• future
• outlook
• budget
• investing
• commodities
• assets
• silver
• copper
• nickel
• market
• trading
• slv
• pslv
• spot
• price
• x.715
• broke
• no
• money
• bullion
• bars
• .999
• fine
• junk
• coins
• 90%
• mercury
• dime

[dkooys]

Congrats on the kid. And you didn't get into silver too late. My uncle is a wealthy stock broker and he started investing in silver 15 years ago when it was $4.00 an ounce. He still tells me and my brother that even at $35.00 an ounce its a steal if your going long turn investment. Who did you buy your bars from?

[Nnells421]

@dkooys I actually ordered them from gainesvillecoins. There are also a few LCS in my area that have reasonable prices.

[123finnbrayden]

but when you say about copper coins, 24 dollar return.. Who would you sell them to? Surely your local shop/dealer will undercut the current market value?

[Nnells421]

@123finnbrayden It's not a return I can realize right now. Hell I might never be able to realize that return legally. But 10-20-30 years from now, if the no melt ban is lifted on pennies and nickels, I will have plenty of people interested in paying me a premium for them.... And what do you think spot price of copper and nickle will be when that day comes? Probably safe to assume higher than it is today.

[JezebelDecibel]

You have not made a loss, you traded legal counterfeit fiat currency for a real tangible storage of savings ( 999 fine silver). This will pay off for you in the future & it's a smart move, including you storing pennies & nickels. I wish you & your girlfriend all the best with the birth of your child. Take care & keep stacking :)

[veritasfiles]

This is a way to preserve purchasing power. If you understand what is likely to happen to our money in the future, then you really shouldn't worry about losses. Trust me, for each ounce of silver you purchase, you are recovering purchasing power that your money should have had but has been lost to inflation over the last 100 years. $2 from 1960 buys about what $40 buys today. That kind of inflation is likely to take place over a 1 or 2 year period in the future instead of it taking 50 years.

[UponInfinity]

You made the right decision. Not as risky as you think. Industrial demand is at an all-time high, couple that with the fact the world's fiat currencies are collapsing. It the perfect storm for silver.

[719michele]

Good job, you cant go wrong buying silver in todays world of uncertainties! I buy every week no matter what the price is, this way ill adverage in and dont have to worry about the ebb and flow of price action that is very manipulated in the metals market particularly in silver! I have a freind that always gets nervous when price action drops and calls me asking '' should I sell ?'' I ask him are things getting better? Is unemployment under 5%? Is our deficit decliening? Then NO!

[evilanton]

@Nnells421 Don't worry about it...same thing with my family I look up to my grandfather more than anyone....but he's only known working and realestate. He doesn't understand currency VS Tangible Assets/Precious Metals.

Keep at it!

[ndrthrdr1]

You don't lose money when the price goes down unless you sell while it's low. Buy on the dips. That's right now! Don't sell until it's way up.

I buy a little at a time as I can afford it.

[superhawkn]

I demand more for my canadian coins over spot just got $5 over each