new car, silver, or dent in college loan?

[Seraphim]

I think that's a good idea - keep paying the monthly payment on the student loans. Getting a car when you have a perfectily functional one, would have been a bad idea. So would paying off a low interest fixed rate loan.

With the silver you either keep it for the long haul to help you retire on, or flip it for cash to pay off debts when the metals hit a "top" of sorts or you need the cash.

Good call.

Thank you all for your valuable input. I have made a decion. I'm going to purchase more silver. I believe the pos will rise signifegalintly in the next few years. I will continue to pay off my Stanford loan paying the monthly minimum until silver gets to 50 frns, then I'll focus on my loan.

Edit: I'm a bad speller.

 

[2young2vote]

Question!

Are you going to buy silver in large sizes like Kilo bars and 50oz bars, or are you going to buy many small 1-5 oz bars and coins, or a mix? I am in a similar situation to you and I am not sure what to do. If I buy 30+ 1oz bars or coins then I can sell a few of them off to a local dealer if I need some cash, but I will be paying more for them. If I buy a Kilo or 50oz bar then it is all or nothing and I will end up holding onto it for many years. What are you planning on doing?

 

[Seraphim]

Pure value liquidity playing long term trends, 10-100 OZ bars (Silver).

As a function of money and commercial exchange - silver coins/rounds (1oz) and junk silver (90% US coins, pre 1965).

But that does not mean all are good options

Question!

Are you going to buy silver in large sizes like Kilo bars and 50oz bars, or are you going to buy many small 1-5 oz bars and coins, or a mix? I am in a similar situation to you and I am not sure what to do. If I buy 30+ 1oz bars or coins then I can sell a few of them off to a local dealer if I need some cash, but I will be paying more for them. If I buy a Kilo or 50oz bar then it is all or nothing and I will end up holding onto it for many years. What are you planning on doing?

 

[Hunter Gatherer]

Question!

Are you going to buy silver in large sizes like Kilo bars and 50oz bars, or are you going to buy many small 1-5 oz bars and coins, or a mix? I am in a similar situation to you and I am not sure what to do. If I buy 30+ 1oz bars or coins then I can sell a few of them off to a local dealer if I need some cash, but I will be paying more for them. If I buy a Kilo or 50oz bar then it is all or nothing and I will end up holding onto it for many years. What are you planning on doing?

This quistion has crossed my mind several times. I'm not a fan of small bars, not sure why, I just like coins better. Kilo would be the smallest bar I would buy unless I came across a great deal with the 1, 5, 10 oz bars.

I do plan on holding silver for the long haul and would like to have some 100 oz bars. Pan American 100 oz bar is one of my faveroits. 1 kilo kookabarra's and lunar coins from Australia have also caught my eye.

I just don't want to be holding a kilo or higher during a currency crisis. 100 one oz coins is a lot easier to barter with then one 100 oz bar. So I'm going to build a good size stack of coins. Once I feel I have a large enough stack of coins to get me through a currency crisis I will start buying the big bars.

Then again, who the hell knows what we will barter with if there is a crisis. Less then 2% of the population have silver or gold. All I can do is research and lean from history.

History has taught me that gold and silver have been used as currency for many different economies over thousands of years. I hope that trend continues and is the reason why I stack.

 

[GreenBulldog]

I got into a car accedent two weeks ago and will be getting about 3,000 frn. I could do a couple of things;

1. Put a down payment on a truck that I really want. Toyota Tacoma.

2. I could put the money into silver.

3. I have around 15k to pay off on my student loan, I could put a dent into that.

My car still runs fine the hood is just dented really bad. It's drivable. I have a good job in the medical field. I'm an orthopedic tech, I put casts on broken limbs. Fun job but I get paid less then 20frns an hour.

I'm leaning towards the silver, what would you do and why. If you have any other options please suggest them.

PS. car runs but I'm having trany problems I hope it gets me through two more years.

Pay off student loans? Why would you want to do that with current inflation? The more you pay in the future, the more you're paying with worthless money. Haven't Bernake taught you anything?

Car=depreciating asset. However, same thing as above: pay it off in the future with worthless money.

Personally, I'd go with silver.

BTW, I have a car with tranny problems too. I too, hope it'll last 2 more years. If we had an economy running on sound money, I'd my money to buy a different car or fix it instead of buying silvers