1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. Hi there Guest! You should join our Minecraft server @ meepcraft.com
  3. We also have a Discord server that you can join @ https://discord.gg/B4shfCZjYx
  4. Purchase a rank upgrade and get it instantly in-game! Cookies Minecraft Discord Upgrade

Silver or Gold Investments?

Discussion in 'Discussion' started by Adam34falcon, Jul 12, 2017.

  1. Adam34falcon

    Adam34falcon Celebrity Meeper

    Offline
    Messages:
    1,845
    Likes Received:
    1,163
    As the title states, I am wondering which metal I should buy for a long term investment. I already invest a couple thousand in the stock market and am going to invest the rest into a precious metal. I just checked the prices and the silver price is around $16 for an ounce and gold is around $1200 something per ounce. Obviously I could get a lot more silver but I don't know which one to get. The reason I am buying precious metals is because I read (I don't know if this is right and it was a while ago) that money inflates 3% each year. Gold and Silver would protect me from that but the prices could change at any moment. I am still *partially* recovering from the stock market "crash" after the election. Also, where could I get these metals? Could I get them at coin dealers and local jewelry places? I am not looking for anything special or a special brand of bars. I just want metals in general.

    Thanks!
    - Adam

    EDIT: Also, please give me a logical answer and please don't say I'm too "young" to invest. I have been investing for a few years (started in 3rd grade and I am going into 7th grade). I have chosen around 7 winning stocks and 3 losers at this time. I forgot to mention, can anyone tell me if renewable energy would be a good investment?

    @Deinen you're a smart person, can you help me out? lol

    EDIT 2: Yes it is real life.

    @KlutchDecals @Courtneyyy ur both oldies help me
     
    Last edited: Jul 12, 2017
  2. boombox123

    boombox123 Celebrity Meeper

    Offline
    Messages:
    390
    Likes Received:
    243
    like.. real life.. ?
     
  3. Adam34falcon

    Adam34falcon Celebrity Meeper

    Offline
    Messages:
    1,845
    Likes Received:
    1,163
    Yes.
     
  4. boombox123

    boombox123 Celebrity Meeper

    Offline
    Messages:
    390
    Likes Received:
    243
    oh okay gl
     
  5. Adam34falcon

    Adam34falcon Celebrity Meeper

    Offline
    Messages:
    1,845
    Likes Received:
    1,163
  6. MeepLord27

    MeepLord27 Popular Meeper

    Offline
    Messages:
    1,039
    Likes Received:
    935
    Why would you think asking people on a minecraft server would be a good idea.
     
    Epicdude141, Lilliya and Peero like this.
  7. Kling

    Kling Break blocks not hearts

    Offline
    Messages:
    2,255
    Likes Received:
    7,615
    How much do you even have to play with?
     
  8. PseudoGod

    PseudoGod Celebrity Meeper

    Offline
    Messages:
    415
    Likes Received:
    990
    Do neither; the stock market is a better choice for your parents to invest in for you :)
     
    00000 likes this.
  9. Natsu

    Natsu Celebrity Meeper

    Offline
    Messages:
    1,984
    Likes Received:
    3,018
    Save for college
     
    MeepLord27 likes this.
  10. ZestyWheathin

    ZestyWheathin Celebrity Meeper

    Offline
    Messages:
    306
    Likes Received:
    235
    woah. not everyday you hear a 12 year old buying stocks and stuff, but I buy silver. i have been buying silver for almost a half year now.
    --- Double Post Merged, Jul 12, 2017, Original Post Date: Jul 12, 2017 ---
    YES INVEST IN RENEWABLE ENERGY but wait a few years.
     
  11. Adam34falcon

    Adam34falcon Celebrity Meeper

    Offline
    Messages:
    1,845
    Likes Received:
    1,163
    I only have around 1k usd left


    lol thanks for the info

    True, I want some high value physical assets tho

    also @Natsu pls

    I decided for now to buy 1 pound of silver and put the rest in gold.
     
  12. SuperDyl

    SuperDyl Popular Meeper

    Offline
    Messages:
    1,016
    Likes Received:
    645
    Alright, all that's left is renewable energy or not. Seeing as renewable energy is improving over time, yes you might want to. You should know that it'll take a while before stocks of renewable energy are worth much.
     
  13. Adam34falcon

    Adam34falcon Celebrity Meeper

    Offline
    Messages:
    1,845
    Likes Received:
    1,163
    Alright thanks for the info, obviously I might change my mind but I plan on joining the army at 17 and then get out at 25 (8 years) then possible make a small business. I am putting all my money into semi-short term investments like gold, silver, etc. I may wait a while to invest in solar.
     
  14. Lilstokes

    Lilstokes Celebrity Meeper

    Offline
    Messages:
    1,304
    Likes Received:
    3,019
  15. Marshy_88

    Marshy_88 Celebrity Meeper

    Offline
    Messages:
    1,714
    Likes Received:
    1,867
    Find a bluechip and stick with it, forget it, and remember one day you either lost or gained a lot of money.

    (1k isn't much for investing in gold and silver, or even stock. Look into maybe a GIC, they can pay out fair amounts.)
     
    Adam34falcon likes this.

Share This Page