Should i buy silver bars, coins or skip silver and go for gold?
PRECIOUS METALS
2.5% net worth in silver, 3.5% in gold. Go for the lowest premiums
i actually got 75% of my networth in precious metals, it's not much but around 176g gold and 145 silver coins (11.6g each).
i still have cash laying around so i thought it would be better to add some more to my stash.
25 oz of silver coins
1 oz of gold coins
Multiply at your on discretion.
Keep in mind that silver can become heavy.
Damn that's a lot of gold for your account of money. I'd concentrate on other ways to build up wealth honestly even though I love the way metals feel.
If you're a wagie, are you maxing your employer's match to your 401k? If not do that first, If you're a student do Acorns since the fee is waived for students. Even if not a student it's a quick, easy, and pretty good way to get some exposure to the stock market.
A little bit of Bitcoin is a good bet is well.
Have an emergency fund as well.
Metals probably aren't going to give you a ridiculous return despite some YouTube/Reddit stackers saying silver is going to $200 an ounce (probably not happening too far ahead of inflation). I look at my metals as a somewhat liquid savings that I don't want to ever liquidate.
no wtff is wrong with you dont buy this snake oil
if silver had any "value" youd be able to sell it back to whomever you bought it from at same price. It's like buying a new car, the moment you own it goes down 30%.
it loses it's value in dollars sure, but i still have the physical asset.
I also want to know. What are the best places to buy gold or silver for that matter?
Enjoy buying my silver at the highest price when the economy collapses.
Precious metals are a scam with horrible liquidity.
When you finally want to cash out, your broker will know your under duress and low-ball the shit out of you.
Literally better to buy Lego sets or fine alcohols as a store of value.