posted on Sep, 16 2017 @ 02:14 PM
I'm wondering if there's anyone out there who might have some advice in precious metals/investing.
Let's say I have a store of extra silver/gold/other precious metals that I want to use to actively invest and grow my wealth. I'm just thinking
about if there is a way to utilize something with a physical store of wealth as a way to enter into other investment positions. In the stock market,
you can invest US dollars. What about in real life, the tangible stuff?
In particular, I have a lot of silver I don't really care about (like a 1/2 troy pound Mark Mcgwire coin that is .999 silver and 1 of 1,500 made).
It's a beautiful piece, but I could care less about Mark McGwire and would much rather have some Mexican Libertads or Canadian Maples. I've
developed a taste for certain types of rounds/bars and have a lot of other silver I would rather use to take some risks and try to make a profit, or
to exchange it for something I would like instead. Any ideas?
I know usually people buy precious metals as a hedge against inflation and for long term savings. But I'm wondering if I've overlooked a possible
way to leverage the physical that I have already accumulated to make additional gains.
Other than liquidating my positions and using US dollars to invest in things like the stock market, real estate, start up companies, etc., how could I
use my physical metal as an economic engine to create more wealth? Any thoughts would be appreciated! Thank you all.
Your friend, FamCore