Question: Gold and Silver Investors (ONLY)..... a good advice for a young college student?
1) what is your plan on those ? What are you going to do with them while stacking up and keeping them ?
2) How do you set a plan for buying them? and selling ? them ?
3) I think it is WAY too late to buy them since everyone is not talking about it. if a stock tip or other financial tip comes from your doctor, dentist or coworker, it is far too late for it to be a good deal. it means that the tip has been passed around long enough from insiders to brokers to customers to customers friends that it is very old news.
Answer:
"Investors ONLY" ? How about those of us who do not invest in Gold or Silver and know the reasons why? The idea is to NOT ask the choir to sing to you. Your number 3. was a good start. The "way too late" business is generally referred to as not trying to jump on, or off, a train that has left the station and moving on down the line. Just stay out of gold or silver. I'll give you just one reason below. But there are many.
When you buy gold or silver you pay a premium of 10% to 25% above its current value. When you sell gold or silver you get hit with a discount of 10% to 25% below its current value. The exact percentage depends on who you buy from, who you sell to and the quantity involved. So just by deciding to buy and sell gold or silver you get hit with an automatic loss of 20% to 50% off the base.
Don't jump in the water and then ask others how to swim.
1) Buying physical metals is for amateurs (who speak loudly about it on the Internet). They are mostly stupid kids. If you are going to invest in metals you need to be aware of the nasty tax situation of owning physical metals - you don't have an income now but someday you will. Physical metals are deeply tax disadvantaged. Beyond that - you get killed on transactions costs. Real investors invest in metals through futures contracts and ETF's. You should learn about those (and I will bet my life you know nothing about them). Your idea that paper claims on precious metals are not worth anything is very silly. I have traded literally trillions of dollars of paper claims and never had a problem (yes I know you have great expertise because you bought a few hundred dollars worth of bullion from apmex. noob)
2) "them?" is not a question. I buy and sell them based on much deeper knowledge of the priccing of these things than you will ever have since you now know nothing but think you know everything. That is a combination that gets noobs in finance destroyed and you are going to be slaughtered. I have read hundreds of books, earned dozens of certifications and degrees, traded everything, and I am less sure of what I know than you are.
3) Who cares what you think? There are no "insiders" in precious metals as there is no inside news in precious metals. They are simply priced based on maco factors and a good deal of technicals.