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 greatly appreciated. I am new to this forum so sorry if this post is not allowed in this thread. Thanks in advance.
Thanks for the ideas. On a similar note, I have a good amount of bulk food stored away actually. A great idea is for a 55 gal drum of coconut oil which can be purchased on Mountain Rose Herbs and you can basically live off that stuff. I will look into that other stuff though.
Exactly- this is a scary but also an exciting prospect. Nobody really knows. The Fed and all the other govt sanctioned global banks around the world can theoretically putt off a collapse of fiat currency for a long time to come.
Woops- I tried to respond directly to certain people's posts but I dont think it worked. Anyways- thanks so much for the insightful advice from everybody- this seems like a really great community of very intelligent and knowledgeable people and I'm grateful that I came across it.
I am 23 y/o and will be applying to medical school next year and luckily I dont have to worry about paying for most of the tuition. I am just worried since most of my parents' and grandparents' investments and savings are in traditional stock portfolios, mutual funds, bonds and bank accounts. Thus, I felt it would be smart to invest whatever money I have in gold as a reliable savings mechanism in times of economic uncertainty and to possibly increase its value if hyperinflation ensues within the next decade or so. Its a small amount and probably wont mean much in the scheme of things- but I might as well take whatever risk is involved and in the process learn more about finances, savings and investment in the process.
Thanks for your replies!
Happy to have you!
Be sure to check out:
Check out survivalblog.com which is the most read preparedness site. Here is a quick-start guide:
http://www.survivalblog.com/newbies.html