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I've heard people talk about investing in precious metals. Is investing in gold and silver a good idea? If so, how do I get started?
15 Answers
Don’t forget to get information on taxes. I believe precious metals are taxed at 28% regardless of income. The best way is to do it in an IRA (or other "pre-tax" account), not on a taxable account. (I'm no accountant, so best to consult yours J).
I would recommend that you check this website: investopedia.com/articles/investing/071015/should-you-add-metals-your-portfolio.asp
I found some useful information there when I was researching before starting with my own investment.
Silver and gold have been sleeping since 2011. If I were you I’d go for for something like Bitcoin, Litecoin, etc... Go where the money is!
Make sure that you don't put all your eggs in the same basket. Avoid paper gold and gold stocks and go for real physical bullion gold investment.
I insist on a tax-free retirement account rollover, such as a gold IRA rollover.
Thank you guys for the tips. :)
I have found myself in a position where I have some money to invest and I have always wanted to invest in gold bullion has anyone actually invested on here?
Not personally but I have friends who have hence why I said bullion before on here. Â They loved the idea like you do, and as far as I know they are continuing to invest so I think it's working for them!
Really ok thank you for that its really hard to know when your not some sort of top investor person that’s why I like sites like this real advice from real people not trying to get money out of your ledt right and centre
Yes it's nice to get real feedback I agree
I would still go for cyber investment if I were you. Â Gold and Silver are over
Some people like the idea of investing in something tangible though and I totally get that
Yer but not if its not a good idea!
I would rather by something I can hold rather than a lot of hot air!
Just trying to give advice! Â I think you'll find Bitcoin is not a lot of hot air somehow! Â There's even another chat about it on this very forum!
Ok thanks.
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