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Borrow money to buy silver?

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

Please Note: These articles are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.
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Re: Borrow money to buy silver?

Postby galenrog » Tue Mar 27, 2012 10:45 pm

Debt is servitude. It only serves the creditor. Avoid debt. Better, in my opinion, to put off bullion purchases, pay off debt, then purchase silver with the increased positive cash flow.
Mine Gold, Buy Silver. It Fills the Safe Faster.
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Re: Borrow money to buy silver?

Postby Engineer » Tue Mar 27, 2012 10:50 pm

galenrog wrote:Debt is servitude. It only serves the creditor. Avoid debt. Better, in my opinion, to put off bullion purchases, pay off debt, then purchase silver with the increased positive cash flow.


+1
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Re: Borrow money to buy silver?

Postby Thogey » Tue Mar 27, 2012 10:51 pm

galenrog wrote:Debt is servitude. It only serves the creditor. Avoid debt. Better, in my opinion, to put off bullion purchases, pay off debt, then purchase silver with the increased positive cash flow.

+1

Besides the SBA will not guarantee a loan to speculate on silver. Mortarman would have to put up a business plan for a coin shop or something like that. The SBA would also probably want a personal guarantee and a huge down payment.

Now here comes the business debt debate.
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