Silver about to pass $40/oz!

[lartinos]

Bro I dont think they are saying the you buying silver is retarded. Its your basis for buying the silver, doomsday scenario. Add that to the fact that your basically disregarding the 100s of thousands of people that have successfully played and continue to play the money markets on a daily basis. These people have become wealthy, created nice sums of retirement money, and steady income from investing. You cannot deny the fact that investing in stocks/bonds in the long term etc will yield a decent ROI. The chances of this doomsday are slim anytime soon, but obviously thats not out of the question.

I will say you do have is an investment that at worst you will always break even, and I cannot argue that. Good way to save some money forsure, not quite as liquid as dollar bills.

Ya, he is not in a position to be hoarding anything but money and diapers at this point. 21 year olds without an education or a career and a child need to not think like successful people who can invest their years of earnings, on the contrary he needs to just do the basics.

 

[jokerswild]

Thats ultimately the point, dont touch it until you retire.

Not everybody plans on retiring at 60, I myself plan on being retired at 50, and with self discipline the same goals can be reached and reached sooner without being in a generic 401K fund......

 

[SPEKTOR-AAA]

Your absolutely right, I was stating a fact since you mentioned penalties. Just saying regardless ANY SAVINGS YOU DO the idea is to not touch it.

Obv not everyones plan is to retire at the same age, same month haha. Most of our plans is to retire at some point, no?

 

[jackangel]

glad, pretty sure no one here is hating on silver, and no one thinks buying it is necessarily a bad idea. however, they think it's a bad idea for you.

 

[jokerswild]

Your absolutely right, I was stating a fact since you mentioned penalties. Just saying regardless ANY SAVINGS YOU DO the idea is to not touch it.

Obv not everyones plan is to retire at the same age, same month haha. Most of our plans is to retire at some point, no?

Cool we agree for the most part, but liquidity is important, things change and they change fast sometimes, even your nest egg should be liquid and available if that time comes early......

 

[the.gladiator1987]

Well, I have $1250 in savings in the past 6 weeks that I NEVER could have done using another form of savings. Plus silver is almost just as liquid as cash. Post it on ebay for a 24 hr auction, get paid via paypal, BAM I got money on my paypal debit card. Plus silver will gain 25% in 9 months

I do want to diversify. I wanna get an ira maybe, and a money market account, maybe

 

[SPEKTOR-AAA]

Cool we agree for the most part, but liquidity is important, things change and they change fast sometimes, even your nest egg should be liquid and available if that time comes early......

Diversification

 

[jokerswild]

glad, pretty sure no one here is hating on silver, and no one thinks buying it is necessarily a bad idea. however, they think it's a bad idea for you.

Investing earlier IF afforadable is never a bad idea, have any of you ever heard of the rule of 72?

 

[SPEKTOR-AAA]

Investing earlier IF afforadable is never a bad idea, have any of you ever heard of the rule of 72?

The Rule of 72 is extremely simplified. Just saying

Nice little tool though

 

[jokerswild]

Diversification

I do, Guns, Silver, Gold and Oil, the first 3 being a physical investment............