Investing in Gold and Silver for Dummies

I am 20 years old and hold investments in physical gold and silver as well as gold and silver mining stocks. I have made a good amount on my investments and am 100% confident in the further gains in precious metals along with many others. With all the recent hype on gold, many people are looking to make an investment but are unsure where to start.

Whats the Hype All About?

This is much to complex of a discussion to fit in a blog. I have included some resources that may help you understand why I and hundreds of other people have been and continue to be 100% confident in gold and silver as an investment.

Recommended Reading

• End the Fed by Ron Paul
• What has Government Done to Our Money by Murray Rothbard

Videos and Youtube Channels

• http://www.youtube.com/watch?v=1FiaUpeJxcA (Watch this and part 2/ I recommend this 1st)
• http://www.youtube.com/watch?v=eb1n1X0Oqdw&feature=pyv&ad=5414294194&kw=US%20dollar (some exageration in here)
• http://www.youtube.com/user/schiffreport?blend=1&ob=4 (running for senator in Connecticut)

Physical Precious Metals

When first investing in precious metals I suggest first getting some actual physical metal first. One main purpose of purchasing precious metals is to protect oneself against financial turmoil. If one only owns promises to gold and silver, and there happens to be financial turmoil, you may have difficulty obtaining what is owed to you. Therefore, if you don't own any physical metal you miss a key advantage to investing in metals.

Where do I go to Buy?
There is a number of reputable websites you can purchase from:

Apmex.com (What I use)
Bulliondirect.com
Perthmint.com
Monex.com
Ebay.com
many more


These sites can deliver the metals directly to you (What I do and Recommend), and/or some can store the metal for you.

Storage?
If you choose to have your precious metal delivered, you can store your metal in a safe, get a safety deposit box at a bank, or hide it in secure locations on your property.

Coins vs Bullion?
I own both and would recommend the same to others. You will pay a premium on coins when you purchase them, but one must remember that when you sell them the purchaser will pay a premium back to you.

Gold/ Silver Stocks

How do I Buy Stock?
Firstly if you do not have a brokerage account, it is simple to open one online. I use tradeking.com, but there are a variety of good options (scottrade, tdameratrade, etc). Opening an online account with an online discount broker is cheap and simple.

What Gold and Silver Stock Options are There?
There a couple of options when looking to buy stock in gold or silver. Many choose to buy gold and silver etfs (GLD, UGL, SLV, etc). Personally I like to buy stock in companies that mine gold and silver (NEM, AUY, HL, etc).

How do I Choose a Company to buy Stock in?
If you don't have any investment experience and are unsure of how to choose a company, use fool.com. This site has investors rank how they feel stocks will do. The better people are at picking stocks the more their pick affects the stocks rank. I've found the rankings to be fairly good.

If  you have more in depth questions please don't hesitate to ask.