Physical Gold and Silver investment ?

[evander87]

No portfolio to speak of. And I live in Vegas, so if I wanted to shit away money I live about 8 minutes from the strip.

Not a quick buck, but not necessarily long term either. Security more thn anything

Why not start building a portfolio? Invest in mutual funds. Great way to start out and you're diversifying right off the bat.

[JJ78]

Why not start building a portfolio? Invest in mutual funds. Great way to start out and you're diversifying right off the bat.

I just feel that the market has hit its peak, and is due for a correction. Of course I do not know what Im talkin about.

I was a series 7 trader at a daytrading firm back in '99 @ 19. and I remember the bubble bursting back then.

I feel that these highs in the market at this time are bs. The economy is in the toilets, but the market is the highest in history? not much supporting it.

I'm probably gonna buy some Gold and Silver and see what happens in the next 3 months to the market. I just want to do the right thing for the grandma.

[Knockout_Power]

I'm probably gonna buy some Gold and Silver and see what happens in the next 3 months to the market. I just want to do the right thing for the grandma.

its good for 2 things...

1) if you watch the markets frequently, its a good way to make money
2) holding gold (not so much silver) is always good when things fall out.

If you do trading for money with gold, dont get too greedy. A good rule is buy when it gets between 1450-1500 and sell as soon as it hit 1775 again. Yes it will go lower, and yes it will go higher, but these are safe number to play in. Nothing wrong with making 300/oz if you hold a good amount (50-100). If you can do this even once a year, you're making an extra 5 digits. Not too shabby. Good rainy day fund