Your money will always devalue if you just put it in the safe. If you invest in precious metals, it will always inflate with inflation. The more money the Federal Reserve prints, the more your gold and silver will be worth.
What you do is find a local dealers...a quick Google search will help you find them. You may have to drive to your nearest big City. Once you found them, look up the price of whatever metal you want to buy, and then make sure he is selling it at that price, plus his fee.
You can also go through online retailer's. Again, a quick Google search will lead you to reputable sources.
Thanks for the info. That sounds like a really good idea. Now I have some dumb questions I hope youbdont mind.
1.) How do I know the Gold/Silver is pure? I dont know anything about metals and it would be really easy to sell me any shiny rock as a precious metal.
2.) Where do you put your Gold/Silver after you buy it? Do you just keep it in a safe? What if you have to move or go over seas?
If you want to get into the stock market, it is best to talk to a financial institution like Edward Jones or Fidelity.
Im just a nobody with no job and 5k in savings. Do I just go in there and then what? Can you even trust anybody not to screw you over?
I dont know, investing seems like a neccesity to secure your retirement but at the same time it feels like gambling with snakes :(
Your money will always devalue if you just put it in the safe. If you invest in precious metals, it will always inflate with inflation. The more money the Federal Reserve prints, the more your gold and silver will be worth.
What you do is find a local dealers...a quick Google search will help you find them. You may have to drive to your nearest big City. Once you found them, look up the price of whatever metal you want to buy, and then make sure he is selling it at that price, plus his fee.
You can also go through online retailer's. Again, a quick Google search will lead you to reputable sources.
Happy investing.
Thanks for the info. That sounds like a really good idea. Now I have some dumb questions I hope youbdont mind.
1.) How do I know the Gold/Silver is pure? I dont know anything about metals and it would be really easy to sell me any shiny rock as a precious metal.
2.) Where do you put your Gold/Silver after you buy it? Do you just keep it in a safe? What if you have to move or go over seas?
Thanks for the Info
You can also buy coins from the US Treasury.
https://catalog.usmint.gov/bureau-of-engraving-and-printing/
Only buy from reputable sources. Or you can buy Graded coins (more expensive, but also opens you up to another market for buyers)
Also, keep it in your safe.