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/biz/ - Business & Finance

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57339638 No.57339638 [Reply] [Original]

So I'm kinda a small time investor. I got a little spreadsheet with the s&p100 (minus gambling and tobacco companies) that tells me what stocks to buy. I basically buy blue chip only and I'm in it for the long haul. I'm 20 years old but got around 25k holed up in a TDAmeritrade account.

Now I'm thinking of diversifying a little. Y'know stocks can be volatile. I don't like bonds because they're kinda lame I guess. Yeah I get 4% interest ok cool I'm not super into it. But you know what isn't lame? Commodities. I'm a wisconsin man so my mind went to corn and such but no, no I'm a true American patriot. I need me some bullion and such. Y'know like Knorr.

I look at the prices of gold. Like $80 a gram and like 2k for an ounce. Ouch! I got $1000 ish to put in my portfolio since I just got paid today but I'm not sure what to do. Buy half an ounce of gold? Or should I buy silver? Silver is a lot cheaper, so I can amass much more of it. But gold is just iconic and frankly where am I gonna put all that silver haha.

What do y'all think? Should I go whole hog on silver and drop like 1000-1200 on it getting 2.5# of silver? Or should I just wait another week to get a 1oz bar of gold. Surely bigger is better and I should buy silver, no?

(I already am kinda set on silver so someone please confirm my bias so I can externally justify it)

>> No.57339692

>>57339638
if the current gold/oz-silver/oz ratio doesnt convince you then nothing will

>> No.57339714

>>57339692
I must buy silver :DD

(or maybe just like go 60/40 silver/gold or something more reasonable like that :3)

>> No.57339908
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57339908

>>57339638
Have you tried pulling up the price charts and zooming out all the way?

>> No.57340773

Just buy enough precious metals to hedge against currency fluctuations when investing in foreign equities.

Because eventually money is just a tool enable productive activities like what equities do.

>> No.57340821

>>57339638
Something to be privy to is the mark up on each.

Anything under 10% is acceptable and normal. However a lot of times Silver is marked up higher than gold. You may be paying less per oz but you're paying a higher mark up to make less of a return.

Also if you live in burger land and care about not going to prison for tax fraud, research and understand how physical god is taxed. Physical gold is subject to "collectibles", even if its industrial shot.

Lastly this is my opinion and others may disagree but don't buy into the "collector coin" bullshit, you're banking your investment on someones subjective view of "art". Just buy the most reasonably priced option, sometimes it's industrial shot, sometimes its bars, sometimes its rounds, sometimes its stamped coins.

The calculator is your friend here.

>> No.57340828

>>57339638
Silver now. Play the ratio and convert to gold later.