Just got a shitty construction job that pays $14 Can an hour, 12 hour days with overtime, guaranteed 5 days a week. I was thinking about putting my money in silver once I pay off my 5k debt.
What does /biz/ think about silver, or investing in metals in general.
I was also thinking about investing in lithium / companys that make portable batteries now that pkm Go is taking off.
What say ye /biz/
>>1388523
i woudnt go all precious metals. try to go for roi's
What's overtime, anything over 40 hours a week?
>>1388523
Silver and gold are solid investment. They can't go bankrupt, unlike stocks and other companies, so they are safe as general savings. However, the problem is to find a trustable seller who doesn't want to buy/sell it for outrageous prices below/over spot.
Also, do your homework, track the value of silver for a while before acquiring it. Right now is hovering around the $20, but usually it was around the $16-$17 range. This price increase was nice for those who already own some, but for someone trying to acquire their first ounces, is too expensive, because is unlikely silver will hold this price for too long, IMO. Quite probably it will drop back to $17 or $18, so I would advice to wait for a while beforing purchasing any silver.
Also, there's a bunch of retard /biz/raelis who will tell you about silver being only good for apocalypse scenarios, being a retarded idea and some other shit. Pay no attention. Silver and gold have been around for next to all the humanity history, and both have industrial applications, with silver leading the way with all this electronic revolution.