How much gold and silver do you purchase and how often ?

D

Deano3

New Member
Hi i am new to this and already had a lot of questions answered just wondering how often you purchase gold and silver and in what quantitys ?

also what percentage of gold to silver ? more gold or more silver

thanks Dean

i have 1 250g silver bar from baird and co
and awaiting 8 x 1oz bars and i have 1 apmex coin
 
No offense intended, but honestly, this is a very naive question. You don't ask pm investors things like this. I'm guessing that you're quite young, because obviously there's alot more about human nature you need to learn. As I say, no offense intended, just telling it how it is.
 
Hi
People invest as much as they think necessary in PM's depending on their budget.Some a lot,some not much at all.
Depends on how they judge the present Economic circumstances.We are all different.
Looks like you've made a good start.

Golds safer . Silver has more potential profit and more potential loss.
Buy as much as you can.
Good luck.
 
Deano3 think of it as asking someone how much money they bring into their home and how often they do it :)

Not many would answer you, truthfully that is.
 
Buy something every month, just use this formula and you will do fine (Income - Expenses = Silver)

Currently hold 0% Gold and 100% Silver

You want to base the ratio of Gold to Silver holdings on the chance you need to liquidate. If your 100% sure you will not need to liquidate anything for at least 5 years then go more Silver as it's more likely to out perform Gold. If there is a chance you may need to liquidate something within the next 5 years then keep that component in Gold as it's less volatile and will hold it's value better if commodities dip in the short term. If you know you will need to sell out completely within 5 years then go mostly Gold.
 
What does that have to do with investing no more than 5-10% of savings into pm's?
 
You need to diversify and a common percentage investors aim for is 5% to 10% of total savings in metals. There should be the rest in others things too. On this forum many, myself included, have a lot more than 10% in metals!

Basically don't put all your eggs in one basket is all they are saying.

In terms of how much, well 5% to 10%. But there can be several strategies as to how you save, and that is up to you.

I buy loose ounces with spare change if there is any at payday, and I also have a set allowance, which is a percentage of what I can save, that I set aside each payday. That keeps me averaing into the price, and keeps me in the habit of saving. Everyone is different, as their lives are different.
 
Pay yourself first.... save often and early.... all these savings ditty's.
If you put it in metal then it is harder to spend on other things and you are less likely to whittle it away.
 
mmm....shiney! said:
geewiz said:
Thor122 said:
Not put more than 5 to 10% of your total savings in pms.
Click to expand...

Why not?
Click to expand...

Well if you'd bought USD with your Argentino pesos 12 months ago instead gold, you'd be making a killing now.
Click to expand...

In all the world gold and silver up and down in uss. (only make the currency conversion to know the value in your currency)
 
Warren Buffett is widely quoted as saying : "Diversification is protection against ignorance." I'll admit, that sounds pretty negative. But what I believe he meant, however, is that you diversify when you are not sufficiently confident to bet on which asset (or asset class) will do well and which will do poorly.
 
Spode said:
You need to diversify and a common percentage investors aim for is 5% to 10% of total savings in metals. There should be the rest in others things too. On this forum many, myself included, have a lot more than 10% in metals!

Basically don't put all your eggs in one basket is all they are saying.

In terms of how much, well 5% to 10%. But there can be several strategies as to how you save, and that is up to you.

I buy loose ounces with spare change if there is any at payday, and I also have a set allowance, which is a percentage of what I can save, that I set aside each payday. That keeps me averaing into the price, and keeps me in the habit of saving. Everyone is different, as their lives are different.
Click to expand...

Lands, stocks, cash, business, and a lot more.
Gold and silver not up and down in price the flat is up and down.
You need others asets with cash flows to live if you lost your job or retire?.
Read father poor father rich. nice book with a good financial lection.
 
Thor122 said:
mmm....shiney! said:
geewiz said:
Why not?
Click to expand...

Well if you'd bought USD with your Argentino pesos 12 months ago instead gold, you'd be making a killing now.
Click to expand...

In all the world gold and silver up and down in uss. (only make the currency conversion to know the value in your currency)
Click to expand...

That is true Thor I agree. My initial comment was "tongue in cheek", like this: :P :)
 
mmm....shiney! said:
Thor122 said:
mmm....shiney! said:
Well if you'd bought USD with your Argentino pesos 12 months ago instead gold, you'd be making a killing now.
Click to expand...

In all the world gold and silver up and down in uss. (only make the currency conversion to know the value in your currency)
Click to expand...

That is true Thor I agree. My initial comment was "tongue in cheek", like this: :P :)
Click to expand...

Not problem. But in argentina all the savings for the wise people are in uss.
In the last 30 years we lost 13 ceros in the pesos currency.
;-)
 
For a newbie don't spend more than you can afford taking into account that your stack might drop and you don't want to be put in a fire sale position.

Also, it is not how much necessarily that you buy, it is also what it costs you.
 
firsts i didnt mean any offence i was just asking if most ppl only buy a ounce or 2 a month like i plan to or if ppl save and buy in bulk every couple month etc and if you dont want to answer the question DONT ANSWER dont bother putting a comment at all.

thanks photonware i agree i still save money in savings but trying to now allocate some of my funds to PMs

thanks Dean
 
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