by exbingoaddict » Mon Jun 25, 2012 6:57 pm
It’s a hard question to answer without knowing your financial situation and your objectives. Those are the blanks you need to fill in first.
Believe you mentioned you no high interest debt. That’s a great start. You want rid of that first and foremost. Next step is always having cash (on hand and in banks) to ride out future storms. How long could you pay the bills without an income, 3 months is nice, 6 months is good. Or what if you have to plunk down for a big expense? A car transmission will go bad when it may hurt you the most.
Next, what do you have asset wise on your ledger? You don’t want to be too overloaded in one area. Then, what is your objective? Do you want to short term trade on silver or gold or do you want to buy and forgot about it? What is your exit plan or do you just plan to hoard?
Also, never limit your options. There’s nothing wrong with equity (stock), real estate, and other investments. They are not popular topics with all real cents but there is more to wealth then metal. Always, always, always do your homework. And don’t think you have to buy (or sell) all at once.