Quote:
Originally Posted by Calais
i'll be that fool a new car is more important to me than a house at the moment im not engaged not going to move out of home anytime soon and i know why getting a house is better than buy a car first but i honestly dont care i'll get the car and when i want to i'll get the house, im an architectural drafter i'll make whatever house i get look good with a garage no problems with the gravel out the front, concrete as far as the eye can see
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Feel free. I'm going to finish building my shell of a house first and probably buy a beater Celica/Impreza until my situation improves.
Quote:
Originally Posted by KadeS
Actually.. if you have 30k, now would be a perfect time to diversify your holdings and investments... Gold.. its a horrible choice. Silver is where its at right now, though if you're looking to invest; you've missed that boat as well. Stocks on the other hand, due to the downrating of the American debt, it is the perfect time to land a couple stocks (see what happens tomorrow, I can almost grantee another drop)
But anyways. Right now, save. If you can.. mooch off your parents as long as possible (more money for cars and a house with a track for a driveway!)
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Silver is the better investment/safe haven by far right now. Gold is way up because of the economy/government. But historically they had a 16:1 ratio for price and Gold is much higher than that. Plus it's easier to use silver as currency than it is to use gold. Silver
dimes are worth almost $3 dollars a piece right now and Silver quarters are $7 a piece. But the time to buy would have been 10 years ago or even just 3-5 years ago. Prices have skyrocketed for both precious metals.
I have heard that some places are accepting silver as currency
. I haven't seen any places that are doing that though.