I read the book you're referring to. I was under the impression that buying precious metals is a fun way to get involved with saving money, though there are more profitable ways to save money. Buying precious metals is a fun and motivating way to begin saving money because you can see your jar filing up, but you'll want to find more profitable things to invest in as you become proficient at saving money.
Kelly from PA
"Success is neither magical nor mysterious. Success is the natural consequence of consistently applying basic fundamentals." ~Jim Rohn
I read a new book yesterday called The 5 Lessons a Millionaire Taught Me by Richard Paul Evans. In the book, lesson three talks about always saving some of your money for yourself and different ways that you might go about doing that. In one section the author suggests purchasing .999 pure one-ounce silver rounds which could later be sold to recover money spent as well as extra.
I'm curious to know if anyone does this. Do you make purchases of gold or silver for investment intentions? Have you ever later sold these pieces for a profit? If you do collect metals, where do you store them?
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