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An ounce of silver a week or 5 grains of gold

illinifan912illinifan912 Posts: 1,462 ✭
in Precious Metals
I have low funds to invest in metals (am a college student) which one would be a good investment for a year or 2?

edited the title

Comments

  • BigRickBigRick Posts: 1,334
    An ounce of silver would probably have a lower bid/ask spread. No?
    My Sets
  • USMC_6115USMC_6115 Posts: 3,005 ✭✭✭✭✭
    Same here... I have been picking up a Peace Dollor, Morgan Doller, or Engelhard Bar (depending what my dealer has on hand) every week for a while now...
    It is still stacking no matter how small IMO..!
  • KonaheadKonahead Posts: 1,476 ✭✭✭
    Silver is a good start, but you should be looking more long term.
    PEACE! This is the first day of the rest of your life.

    Fred, Las Vegas, NV
  • JulioJulio Posts: 2,501 ✭
    Gold is overbought right now I'm looking for it to go to $1760.00. Silver is range bound. I would just stick the cash back and then buy when Gold hits $1760.00.Take care. jws
    image
  • gecko109gecko109 Posts: 8,231 ✭
    First of all, the 2 amounts do not even equate. 5 grains of gold is currently worth about $19, and an oz of silver is $41.

    Secondly, you will not find gold in 5 grain increments from recognized refiners/makers. So I wouldnt touch those "ebay 5 grain bars" with a 10 foot pole.

    On a limited budget of $40 a week, you are probably best off with buying once every 3 months. That will give you about $500 to play with. Thats about 12 oz of silver or 1/4 oz of gold. You could alternate between the 2 every quarter for diversification.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    If your still in college , I say take that $$ & enjoy yourself. The cold hard world will slap you in the face soon enoughimage
    Avid collector of GSA's.
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    College, if you gotta stack I'd do an oz of silver every other week, and $40 worth of pizza and beer every other week.
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭
    An ASE once a week or a 1/10 oz AGE once a month would be a worthy goal if your budget allows. After a few years you'll be surprised by how much you've accumulated. The important thing is to keep out of debt as much as possible and to keep stacking.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    You also need to familiarize yourself with the different weight scales... troy oz, avoirdupois oz, grains, grams & kilosimage
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • RedTigerRedTiger Posts: 5,608 ✭


    << <i>If your still in college , I say take that $$ & enjoy yourself. The cold hard world will slap you in the face soon enoughimage >>



    Two votes for that. Get out and meet the ladies (or guys if you are female). Social experiences will be worth far more than any small stack of gold or silver, and probably get you farther in life as well, both in terms of happiness and future financial success. No one wants to date or marry Scrooge junior. Enjoy life. If you want to start a small stack use maybe 20% of that money, spend the rest on entertainment, trips, dates, cars; the proverbial wine, women and song.



    Investment blog: gold, stocks and more
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Starting to stack right now with the Metals bumping off of all time highs could prove to be a road of misery imo. Some think this is just the beginning of a mega-run. ok, that's fine, have an opinion as I have mine, but realistically speaking it's not a good time to just start into this.
    The obvious other side, is you have good intentions and you have to start sometime. I just would wait for a major dip (at least 30%) if I were young and starting out in this. In the meantime, just don't spend as much on the college life with the intention of that cash is being saved for Metals...at some point.
    all, of course, jmho.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • nibannynibanny Posts: 2,761 ✭
    You have received a bunch of good advices here!
    Try to combine them all. Have fun, enjoy the college experience and, if you can, buy a little PM every week/month (I would go with gold).
    I regret not having started sooner...though, I had so much fun when I was 20 years old!
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • morgantypemorgantype Posts: 456
    I concur with enjoying yourself.

    Focus on making great friends and great memories, investing in a well lived life, and strong friends is a very wise investment.
    Many buy and sell transactions. Let's talk!
  • illinifan912illinifan912 Posts: 1,462 ✭
    thanks guys for the advice, im enjoying myself in college but want to start investing for the future.
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭


    << <i>thanks guys for the advice, im enjoying myself in college but want to start investing for the future. >>



    Do like I did, find a spouse with a masters+ degree, ha!
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