First time gold/silver investment adviceSubmitted by Lukapaka on Mon, 02/11/2013 - 16:05
Fresh out of college, working the first full time gig I could find. Wages are mediocre at best, but the hours are there so I'm not complaining. I'm able to save about 100 dollars a week, and right now my intentions are to transfer those savings into a solid product once I have a good amount saved up. Before I commit to any purchases, I'm turning to you guys to offer me some general low-amount investment advice on precious metals. For the sake of discussion, please assume I'm working with about $2,000 and that I am about to enter my first purchase agreement.
A few questions I have are:
1) Gold or silver? Would silver be better for barter, and gold for savings?
2) Only 1oz or more denominations, or get whatever I can as I go along?
3) What are some good ways to find a seller? Shop local, or direct from mints?
4) What are good ways to verify the product you are being sold?
Any advice will help me. I am very noob at this :P Thanks DP!