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Smartest thing to do with 5-10k dollars?

I seek the wisdom of the great multitude of intelligent people that pass through this sacred place.

I'm a 20 year-old college student who has saved up 10k dollars over the past 5 years of working as a lifeguard. What is the smartest way to invest 5-10k to make some more money in the short term? I'm loathe to let it languish in a savings account and I would like to have some cushion money when I leave college to pay for loans and what not.

I appreciate any and all advice!

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Get out of paper into physical gold and silver.

Do not be caught in ANY assets with a counter party. Safety is paramount at the present time. Physical precious metals are best. Portable and easily tradable. Silver looks to be the most promising for longer term gains but is more volatile. Nevertheless it is the better bet in my opinion if you are willing to hold. It is trading at a reasonable level at the moment and could shortly begin a new leg up.

Arabian Money is looking for $50 silver by September. Max Keiser and Hugo Price are advising Greece to introduce a silver drachma.

Cash is inadvisable if you are thinking of maintaining purchasing power in the medium to long term. Paper currencies will eventually lose all their value and become museum artefacts unless they are redeemable for precious metals.

"Jesus answered them: 'Truly, truly, I say to you, everyone who commits sin is a slave to sin. The slave does not remain in the house forever; the son remains forever. So if the Son sets you free, you will be free indeed.'" (John 8:34-36)

Luxury items?

Precious metals, firearms, and ammunition are definitely good choices; but in a SHTF situation, perhaps having a few "luxury items", such as alcohol, cigarettes, chewing tobacco, etc., would be beneficial? If not for your own use, use them to trade or barter with others looking to fulfill their guilty pleasures even in a catastrophic scenario? Just a thought

"We're going to take the government out of your bedroom, your bloodstream, your brain, your bladder, your business, your billfold, your back pockets, your bingo halls and your Internet bulletin boards." -Gatewood Galbraith


I was just thinking about stocking up on beer. Not just as a luxury item though. Beer is very good for you. I'm not that big on grains in my diet, but I do think that beer puts them in a very appropriate form. Beer has good calories too, which are very beneficial in crisis/shortage situations. Entire societies have sustained themselves through times without access to palatable water with beer. Thats true, I saw it in this awesome documentary How Beer Saved the World:

Learn from history people.

i'm also going to stock up on

i'm also going to stock up on house hold cleaning supplies used to make meth! Haha, just kidding... I stocked up on that shit long ago!

You will need it 5 years from now?

Buy silver and make sure you hold it.

That's what I would do and am doing.



I try to change people every day. Do You?

I believe

silver is one of the easiest metals to manipulate in the market place. High risk

a nod's as good as a wink to a blind bat

while this is true

and yes, silver and gold are massively manipulated and price-suppressed at the moment, you don't buy silver and gold as an investment to "make money" per se. You buy them becuase they ARE money (as opposed to currency, which is those fiat paper dollars that are becoming more worthless each day).

You buy gold and silver to have a nice stack of actual money that will have value in the future no matter what, and preserve your wealth over time, vs sticking that fiat into a bank or other vehicle, most of which are actually LOSING money at this point with the actual rates of inflation and all worked in.

Maybe you don't go all in and put 100% into silver or gold, but buying up a few ounces to will in the long term provide you MUCH more "saving" capability than a bank account paying no interest (and actually losing value as the Fed prints and prices go up and the dollar is debased further).

Buying up longer term prep supplies (storable foodstuffs, medicine, capability to produce your own ) over time is also a smart investment. Buying up tools you can use to leverage whatever useful skills you have also is a smart investment in yourself.

I know

Silver is a well proven and safe way to store value.


I try to change people every day. Do You?

I dont want to get into a cat fight

but there was someone in the 90's that single handedly exploited the silver market by buying up all the silver and sitting on it causing a shortage. I wish I could find the article. I'd trust gold over silver.. The current manipulations are giving us a chance to get in there.. Gas should be about $8/gal right now, but because every other country is doing so bad it is easily manipulated before the election. Next summer it will be around 8/gal.. I'll reference back with "i told you so" :P

a nod's as good as a wink to a blind bat

im in a similar position...

10k side money with hopes of turning it into more.

unfortunately, in this country, in these times, there no telling what the future can bring.

ive taken the majority of my money and invested it into my education. i am now a licensed pilot and can fly my ass outta here if need be =).

the 10k side money ive kept as cash, outside of the banking system.

i think im going to continue to build on my 10k until i can afford a down payment on a house/condo.

im currently paying 1300pm for an apartment and just renting!. i believe when i get around 20-40k ill be able to have a down payment on something (i live in nyc)

all in all YOU ARE YOUR BEST INVESTMENT. everything else is a gamble.


to be fair i have been looking into other investments as well.

i like silver, i like a couple of stocks, but i have yet to commit.

cash is king and when the right thing comes along you have liquid capital to invest.

Exchange some of that for nickels

or silver coinage (pre 1964)

If you are a follower of Dr. Paul you know he's mentioned that a silver dime still buys a gallon of gas. That should explain the history about silver, metals and coinage a bit to you and the worst case scenario is that the coin is worth face value. Additionally you can just exchange your money for nickles (that is right you pay nothing for the exchange). So you have the coinage, much like with the silver, and when the nickel is taken out of the coins the actual nickel coins will be worth more still (hedge fund manager Kyle Bass has done this personally). Presently the nickel is worth more for the metal value than for the monetary value; as well copper pennies are worth more (pre 1981 and half of 1982).

So you could just stash away a couple of thousand in nickel rolls and a bag of silver dimes, quarters and half dollars.

Land is also a good place as many mentioned but that is something that just can't be done instantly and takes research and reliance on lawyers, politicians and you have to pay taxes on it so you'd need a source of income to maintain it. As well it is not something that is liquid; you can't just take your land and sell it tomorrow when you own it.

I am not in favor of the present world markets because they are too manipulated by computers and central planners but if you were to own stock buy some mining companies, energy companies, and tech companies that may pay a dividend (you will have to pay taxes on that just to be clear).

You can also buy guns and bullets. They have been appreciating for a long time and they are often sought after. It's better to have a gun and not need it than to need it and not have it.

Finally buy silver and gold; you may want to buy a couple of ounces of gold in small denominations like 1/4 and 1/2 ounce it is obviously expensive but they will last forever.

History does not long entrust the care of freedom to the weak or the timid.
Dwight D. Eisenhower


were never made of silver so forget nickels.

That is not true

1942 silver nickels when nickel was needed for the war effort.

History does not long entrust the care of freedom to the weak or the timid.
Dwight D. Eisenhower


yeah there are certain small productions but the chance of those are rare and are likely more valuable as collectors items than the silver value. It's rare enough to find a silver quarter that was produced in large quantities.

You are missing the point entirely

So please stop confusing people.

First you said it was never then you say it's about the silver and that wasn't the point at all.

Nickel will be removed from the coins and then the nickels that still contain nickel will be worth more. The are already worth 20% more based on metal content alone.

History does not long entrust the care of freedom to the weak or the timid.
Dwight D. Eisenhower

Don't put all your eggs in one basket.

Don't piss your money away. Stay liquid with cash. Stash some silver 1oz rounds. Buy a good supply of necessities -- they will cost more in the future even if no shortages arise. Keep agile.

My recommendations....

#1: I would say to pay off any debt but I doubt that you have any.

#2: If you want to put it into some sort of tangible investment, I would say buy some land. As mentioned else where in by another daulypaul member, try to buy land that has some sort of natural resource on it (natural spring, drill able well) or something that will work with growing produce on in the future.

#3: If you are going to put that money into the stock market I would only invest in an Index Fund from a company like Vanguard.

#99999: I wouldn't recommend dropping it on black at a casino on the roulette table.

Good luck.

casino war


a nod's as good as a wink to a blind bat

Right now?

Id bet short on JP Morgan, and grab a bear ETF on commodities. Might want some physical gold if you are looking at long term.. You could also collect it all in dollar bills and save it for when you will need it as fuel to heat your home in the winter. (aka burn it)

a nod's as good as a wink to a blind bat


Guns, bullets and lots and lotsa dope. Thats is about the only thing that will be worth money soon. Also the government will just come and take your gold and silver. But they will also come and take your dope, but thats what you got guns for correct? Also like someone said you could leave the country, but there is no gaurantee it will better there than here during the collapse and rebuild. You wouldn't want to be in Africa, Europe or Asia when s**t hits the fan. They think we will save them with bailouts. LOL

If you don't like my guns and dope idea then just stock up on guns, and non parishable food items. Even food outdated in a can will still be edible. It might not taste as hot, but it will do. Also you have freeze dried as someone. said. You are fool though for putting your worthless FRN in the stock market. That is like handing them over. You could buy some gold outside of the usual means like pawn shops and things. You don't want anything with paper work attached because that is how the governemt will get it. Through registrations, which all gold and silver sales have paper trails. Unless you do them in the black. Otherwise don't hold onto that money long won't be worth much in about 30 seconds. LOLOLOL

"But you must remember, my fellow-citizens, that eternal vigilance by the people is the price of liberty, and that you must pay the price if you wish to secure the blessing." - Andrew Jackson

Rule #1: Don't take

Rule #1: Don't take investment advice from libertarian forum. You will hear "buy gold, silver, buy a bunker, and shut yourself off from the world!"

Here are some recommended books:

The Intelligent Investor by Benjamin Graham
A Random Walk Down Wall Street by Burton G. Malkiel
The Warren Buffett Way by Robert G. Hagstrom
Common Stocks and Uncommon Profits and Other Writings by Phillip A. Fisher
How to Make Money in Stocks by William O'Neil
The Bogleheads' Guide to Investing by Larimore, Lindauer, LeBoeuf

I didn't say that

At all. I said buy dope and guns.

"But you must remember, my fellow-citizens, that eternal vigilance by the people is the price of liberty, and that you must pay the price if you wish to secure the blessing." - Andrew Jackson

Buy precious metals

Buy precious metals like gold and silver before the US dollar collapses.

1) Read "Rich Dad Poor Dad"

1) Read "Rich Dad Poor Dad" It's low level, but it's basics you need. Probably can be summed in 1 page.

2) Start investing. Invest in many things, to see what type of investing is suited for you. Invest with real money, or fake money as practice. But treat it as real, not a game. Try some stocks, try commodities, try bonds.

3) Understand speculating vs. investing. Speculating means you are guessing the price with go up/down. Investing means you are buying something because you believe it is worth more. You are judging the underlying value, which might be based on projections of future earnings. Speculating you are guessing the price. Understand that difference. And don't speculate/gamble.

4) Understand the true cost of something, so everything can be compared. Computer for $300 vs coffee for $5. If the computer lasts 5 years, multiply by two to get the per 10 years or $600. $5 coffee, 350x/y times ten years is $17,500. If you make a decision to buy $5 coffee every day, you are making a $17,500 decision. Treat it that way.

5) Learn the arithmetic of interest. Run models on excel. Understand the power of compounding interest.

6) Understand risk. How to measure it. Don't bet the farm. Don't over diversify. Invest in products/businesses/countries that you understand, rather than investing a little everywhere.

7) Don't follow the herd. Think for yourself. Read the annual reports. Crunch the numbers. Make your own assumptions. Ignore price targets and media expert. Gain wisdom from the greats, such as libertarian Jim Rodgers, but don't follow their investments without your own analysis.

You are always invested in something, like it or not. If it's USD or your house, or your car and more clothes. Don't think because your money is in a bank, that your aren't invested.

Go, it will all make sense soon enough. Start.

You could buy a few

Canadian Dollars (++ good resource based economy, lots of natural resources, net exporter)(--socialized banking system, over regulated, over taxed)

Preparation through education is less costly than learning through tragedy

There's a lot you can do with

There's a lot you can do with $10,000. I'll tell you what I did with the money I had saved up at the time.

By 2009 (second year of college), I had roughly $20,000 saved up. I used $10,000 of it to buy gold and silver (gold at $946 per ounce and silver at $14 per ounce, to this day, I still remember the price). I placed $6,000 of it in a foreign exchange brokerage account (with www.forex.com) and invested in a variety of things there (precious metals, currencies). The other $4,000 I put in the stock market. I took out subsidized loans the first two years I was in college, and used them to make more investments. The last two years of college, they took away my subsidized loans because my parents sold their house and it made their income shoot up into a higher bracket (my mother remarried so they had one too many houses). Even then, I took out the loans, which had a 6.8% interest rate (the interest rate is much lower now for Stafford loans because of something Obama did). I think the interest rate is 3.4% now. In any case, I took those loans out as well and invested more in precious metals. Just this year, I sold some of the precious metals in my foreign exchange brokerage account and repaid all of my unsubsidized loans (there was about $15,000 of them). Sometime last year, I took all of the money out of the stock market and purchased more physical silver with it, and placed some of that money in my foreign brokerage account. I now use OANDA, I would highly recommend them.

I still have about $15,000 of subsidized loans that I am deferring while I am in graduate school. I am pursuing a graduate degree in engineering, so I do not anticipate having any difficulties finding a job when I get out (I had several internships).

In any case, I suppose the points I am trying to make are as follows:

1. How much risk are you willing to tolerate? Are you majoring in something that you will be able to find a good job in once you graduate? Do you plan on going to graduate school?

2. If you are willing to tolerate a decent amount of risk, you could do something similar to what I did. I took out loans from the government (about $15,000 subsidized and about $15,000 unsubsidized) and used most of that money to purchase precious metals while prices were low. Since the government was subsidizing interest for those loans (and even for the loans that weren't), all precious metals had to do by the time I was graduate was go up in price year over year by the percentage interest that the government was charging me (all loans taken together, it was about 3.4%). Of course, we all know which way precious metals prices were going in 2009, 2010, and 2011, so that strategy worked very handsomely for me. I used the money I was making at my research position that I had for three years, as well as scholarships, to pay for my education at the time. All in all, I estimate that I basically received my education half off due to the investments I made while enrolled (and I am still enrolled).

3. If you are willing to tolerate a bit more risk, you can use leverage in your foreign exchange brokerage account to trade those things I listed above (currencies, precious metals). I did this with a very minimal amount of leverage (never above 2:1), and it magnified my returns quite handily.

4. I would not recommend investing with Peter Schiff. In my opinion, his track record is pretty poor. Although he was pretty spot on about what would happen to the US economy, he has been pretty darn wrong about what would happen to foreign stocks in the past couple of years. Anybody who listened to him for the past several years would have made very small returns, or even negative returns. Take, for example, his China fund: http://www.google.com/finance?q=EPHCX

The performance just isn't very good. He can get you in touch with people at the Perth Mint though (minimum purchase was $10,000 when I bought).

5. Buying and holding generally doesn't work. I'm not saying you need to time the market, but you should have some general idea about which way it is going to go. I would not recommend investing all of your money at once. For example, if you had bought silver all at once before the market crash in 2008/2009, you would have missed out on a great buying opportunity. This is why having a foreign exchange brokerage account is advantageous, you can invest 'all' of your money in the beginning, then if prices decline a lot, you can invest 'more' money (i.e., take on leverage). You should always be sure to have extra money on the side though, and to use this money when you deem the time is right (e.g., big price dip in silver equals opportunity for buying more).

6. Never invest money that you can't afford to lose.

Invest in food

1) Buy freeze dried food with a shelf life of 20-30 years (not MRE's). You can now buy every food group with long shelf life in a freeze dried state. Food tastes great and it will always go up in value. Provides a great investment, great food security and an option to sell later at a premium, or consume yourself when your resources are low

2) Become a distributor for freeze dried food, the market is huge and growing, the market is ready and can provide recurring income for year to come. The products are getting better and better and export markets are also opening up. (Just got to keep the Chinese out)

When, or if money looses much of it's value your food wont.

Contact me for more information

Preparation through education is less costly than learning through tragedy

Buy the book "Rich Dad Poor

Buy the book "Rich Dad Poor Dad". After you read it you'll know what to do.

Buy a plane ticket out of the

Buy a plane ticket out of the U.S., you're young so go explore the world, there are far more opportunities for someone your age in Asia, South America or Africa.

The U.S. is on the slow road to nowhere..