My new plan.....

SilverDJ's comments and advice is good.

Everything that one can invest their money into has it's own set of risks....this includes physical precious metals and penny stocks.

In 30 years, silver may be seen as valuable and important to people as an 8-track tape player. Technology and new inventions could potentially replace the industrial use of silver altogether. Silver is NOT money today and likely will never again function as money. Where would that leave someone who invested their cash into blobs of silver? They'd be on hurt street for sure.


But everyone is entitled to take their own risks with their own money.




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mmissinglink said:
In 30 years, silver may be seen as valuable and important to people as an 8-track tape player. Technology and new inventions could potentially replace the industrial use of silver altogether. Silver is NOT money today and likely will never again function as money. Where would that leave someone who invested their cash into blobs of silver? They'd be on hurt street for sure.
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That is indeed a non-zero risk.
Gold is by far the lowest risk solution in this aspect I think.
If I had money I had to leave in a time capsule for my kids in 30 years time, it would be put into gold.
 
If you have a look at the percentage returns, year on year, on the page that the graph links at the top of this page goes to, PMs don't do bad compared to the standard super fund. The downslope isnt too good, but except for a couple of years, the annual returns haven't been bad. Those who are very dismissive of PMs as an investment should have a look at those numbers carefully.
 
The Crow said:
If you have a look at the percentage returns, year on year, on the page that the graph links at the top of this page goes to, PMs don't do bad compared to the standard super fund. The downslope isnt too good, but except for a couple of years, the annual returns haven't been bad. Those who are very dismissive of PMs as an investment should have a look at those numbers carefully.
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Remember though that PM's do not pay dividends and therefore don't have compounded growth, which if you are talking 20-30 years is real big deal.
 
Noxx said:
Don't buy penny stocks. At your age don't buy stocks at all. Even seasoned buyers get taken way to much and sucked in and chewed up. Your emotions will run high and you'll make bad decisions until all your money is gone. Seriously don't do it. Some day when you have more money you can throw away you can start learning slowly until you get the hang of it. Maybe if you really want to get in on something buy some beaten up oil stocks and hang on for like very long term.

At your age though, being so young and having a ton of time left in your life you just want to be building wealth. Normally if interest rates weren't so low that would include just throwing it in a high yield savings account. And keep adding to it and watching it grow. But interest rates are horrid these days. And since you're on precious metals forum, don't have enough money to diversify anyway, and have decades to hold and build up wealth, I'd say just stick to buying silver.. Wish I did at your age.

Your silver will be something you shouldn't touch or sell for decades. Geez even in 30 years you'll only be 43. Imagine silver in 30 years and how much harder to get and rare it will be. Will be insanely expensive. And you'll get to hold it and admire it in the mean time. Maybe sell some to buy a house or something. Starting so soon by the time you get out of college you'll be so far ahead of anyone else it won't be funny.
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What about creating this account: https://www.abcbullion.com.au/gold-saver/gold-saver-features ?
At least you do get some exposure to Gold compares to just investing in Term deposit.
 
buy gold miners. quality ones. asx top 5. read a lot first.
once you have some of those, read a lot more. buy some top 10.
spread the money across several, don't go all in on one.
look at some shares that have gone to zero. quite a lot of companies go belly up. keep this in mind.
keep some cash aside.
turn some cash into physical.
don't buy speculative stock.
don't be afraid to take a partial profit (let good trades run) or cut losses totally..
 
nsw2206 said:
buy gold miners. quality ones. asx top 5. read a lot first.
once you have some of those, read a lot more. buy some top 10.
spread the money across several, don't go all in on one.
look at some shares that have gone to zero. quite a lot of companies go belly up. keep this in mind.
keep some cash aside.
turn some cash into physical.
don't buy speculative stock.
don't be afraid to take a partial profit (let good trades run) or cut losses totally..
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Hi NSW 2206,

Would you be able to share which top 5 miners that you are holding ?
Does S2R.AX included ?

I'm trying to find some other alternatives since this subscription http://pro.portphillippublishing.com.au/s9gttgoldlaunch/WGTTS904/ too expensive AUD $1499 annually.
 
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