Where to start?

LoneWolf

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Oct 7, 2010
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I am very interested in putting some of my income tax refund into something of actual worth...not a hell of a lot but enough to get started I have no idea where to start or what to buy or what to look for...someone mind helping the noob? I would appreciate it.
 
I am relatively new to this stuff as well, but been aware and investing outside the dollar for a little over a year. I would say 1 oz silver coins. I was lucky enough to have a great guy who deals with these things just down the road from me with very little markup, but most probably buy off the net. I think my mark up was as little as 3% from spot up to 9-10% depending on what coin I was interested in. A lot of people go for Silver eagles, because they come from the US gov, but I have heard they have a bit of a debt problem on their hands, so not sure how reputable they are.
 
I am very interested in putting some of my income tax refund into something of actual worth...not a hell of a lot but enough to get started I have no idea where to start or what to buy or what to look for...someone mind helping the noob? I would appreciate it.

Go to your local coin shop and buy as much silver as you can(I assume your check is a couple thousand at the most).
 
Not sure where you are now but I would start with paying off debts and they saving up enough money to pay your bills for at least six months but given the economy today a year would be a good idea- something to live off of if you should somehow find yourself out of work. This should be a fairly liquid account- not in investments like stocks or precious metals. After you have this, then you can invest in other things like gold and silver. Just my opinion. I was glad I did this when I found myself out of work for 11 months once.
 
Go to your local coin shop and buy as much silver as you can(I assume your check is a couple thousand at the most).

I am expecting it to be yes. Last time I got 4k back.Any reputable dealers or sites from the internet? Like I said I have never done this and don't want to get screwed.
 
I'm putting my refund to use in building solar panels for my house. PM's are nice, but I think becoming a bit more independent is a better long-term investment at this time.
 
With very little money at your disposal, and since I firmly believe that price inflation is going to continue to accelerate - especially once the banks finally catch their breath and start spraying leveraged untold multiples of QE money that is now stuck in their stinky liquidity trap bowels and intestines - out of their rear-ends and finally into the economy:

One of the best investments you can make is in things of actual worth that you already know that you MUST buy in the future. Things you are already buying now to survive, the prices of which you KNOW will rise. One of those things is FOOD.

By all means, invest some of your money in food storage - a major investment in anything with a shelf life of more than six months. Not just as a disaster survival hedge, but as an actual investment...in yourself. You will be consuming tomorrow's stored goods that were bought at today's prices - and that is money you would have been forced to spend, in much larger amounts, anyway. It will cost more money to buy the same goods tomorrow, which will effectively eat into the value of anything else you invest in now. So stock up today, while it's still cheap relative to tomorrow. On a small individual investment and survival scale, food can be an enormous personal hedge on the currency wealth-siphoning machine.
 
So can anyone ACTUALLY help me get started in this. Or is everyone going to divert me to other things? I just want to spend a little bit of money to get a little bit of silver or gold or some of both. The rest of my refund will go to moving to a new state.
 
So can anyone ACTUALLY help me get started in this. Or is everyone going to divert me to other things? I just want to spend a little bit of money to get a little bit of silver or gold or some of both. The rest of my refund will go to moving to a new state.

cubical already gave you sound advice. Go to a coin shop, know your spot prices in advance, and buy as much as you can. Buyer beware, don't get cheated. You can buy circulated pre-1964 90% silver "junk" coins on ebay - my preferred way to buy - check coinflation.com to know up-to-date values on each.
 
Steven's post right above this one is pretty good, dude.

Food, silver, energy, guns.

Done.

So can anyone ACTUALLY help me get started in this. Or is everyone going to divert me to other things? I just want to spend a little bit of money to get a little bit of silver or gold or some of both. The rest of my refund will go to moving to a new state.
 
1 ammo can:
[1000 silver dimes, 400 silver quarters, 200 silver half dollars, and 20 silver dollars]- junk silver.
[20 silver eagles, 5 $5 gold eagles, and 1 $10 gold eagle]- bullion.

The above is info I extrapolated from a Ron Paul 'hit piece' about a 'survival kit', but I like it, I am making one. FWIW, I am new to 'saving' and precious metals and Ron Paul. Though the more I find out about economics and the fed, the more satisfaction I take everytime I get to order another silver maple or silver eagle....like giving the finger to the fed...print that bitches! {sorry for insulting female cannines everywhere}

http://inflation.us/goldsilversellerreviews.html

I priced things out and I like more rounds and coins of pure silver vs. the 'junk' silver fwiw.
 
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Where do you buy yer stuff from? How do I know what I am buying is legit? Not even sure what coins are going for lol...always see these commercials on fox news etc from dozens of different gold companies trying to sell their gold....who is best to go with who isn't....
 
Where do you buy yer stuff from? How do I know what I am buying is legit? Not even sure what coins are going for lol...always see these commercials on fox news etc from dozens of different gold companies trying to sell their gold....who is best to go with who isn't....

Local coin shop or (shameless referral attempt) look at my sig.
 
Thank you Cubical. How much is the average to pay for say a gold dollar coin? Oh and how come they no longer give those out? I remember getting a few back a few years ago but now they don't give them back as change or anything.
 
I go to meritfinancial and I am lost...I assume the live price is what I would be paying for 1 coin? Pretty expensive! Lol....It looks like Silver prices are still low? Probably go with silver instead of gold and hope silver prices jump in the future.
 
I go to meritfinancial and I am lost...I assume the live price is what I would be paying for 1 coin? Pretty expensive! Lol....It looks like Silver prices are still low? Probably go with silver instead of gold and hope silver prices jump in the future.

Depends on who you ask.

But yes, the live price is what you will pay when you call in to place your order.
 
I go to meritfinancial and I am lost...I assume the live price is what I would be paying for 1 coin? Pretty expensive! Lol....It looks like Silver prices are still low? Probably go with silver instead of gold and hope silver prices jump in the future.

When you are looking at gold coins I would recommend 1oz Krugerrands. As for silver, look at the Canadian Maple Leafs. Both have low premiums and well known and respected all over the world. No point in buying many different kinds of bullion, unless there is a collector side in you.

Shoot me a PM if you want to go with Merit.
 
Looks like the maple leaf ones are 31$ to buy...could probably get 5 or so...to start with...I will go with them come income tax time since you recommend them and plus getting free stuff is awesome lol...I don't see how people can afford to pay so much for gold coins...sheesh...
 
Looks like the maple leaf ones are 31$ to buy...could probably get 5 or so...to start with...I will go with them come income tax time since you recommend them and plus getting free stuff is awesome lol...I don't see how people can afford to pay so much for gold coins...sheesh...

Well if you are only buying 5, you might as well go to your coin shop. I thought you wanted to spend a few thousand. Ordering 5 online is not worth it because you have to pay for shipping. Most places won't even both selling you 5. You will probably pay a little higher premium at a coin shop, but they are much better for small purchases.
 
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