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Every Thing Else Board
Investing in Gold or Silver
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<blockquote data-quote="moses388" data-source="post: 1735884" data-attributes="member: 27368"><p>Safety deposit box is a good option. Some cases the annual fee can be deducted from your taxes. </p><p></p><p></p><p>Depends on Dad's age. A person's age determines how much risk they should allow with their investments. Market investments have higher risk than CDs, Bonds, Notes, or precious metals.</p><p></p><p></p><p>I haven't heard that before. Many places will buy gold. Antique dealers, coin shops, gold dealers, or pawn shops to name a few. When selling you will be bartering. Do a little research and know what your stuff is worth. Some of the places mentioned would also sell you gold or silver. </p><p></p><p>Spot prices are the current market prices for precious metals formed into bars and bricks. Spot prices do not directly correlate to prices of collector coins such as <a href="https://catalog.usmint.gov/coins/coin-programs/american-buffalo-coins/" target="_blank">American Buffalo coins</a> or <a href="https://catalog.usmint.gov/coins/coin-programs/american-eagle-coins/" target="_blank">American Eagle coins.</a> Multiple factors affect the valuation of collector coins: </p><p> -metal content</p><p> -mintage quantity</p><p> -grade or quality</p><p> -mint location (Philadelphia, San Francisco, Denver, West Point)</p></blockquote><p></p>
[QUOTE="moses388, post: 1735884, member: 27368"] Safety deposit box is a good option. Some cases the annual fee can be deducted from your taxes. Depends on Dad's age. A person's age determines how much risk they should allow with their investments. Market investments have higher risk than CDs, Bonds, Notes, or precious metals. I haven't heard that before. Many places will buy gold. Antique dealers, coin shops, gold dealers, or pawn shops to name a few. When selling you will be bartering. Do a little research and know what your stuff is worth. Some of the places mentioned would also sell you gold or silver. Spot prices are the current market prices for precious metals formed into bars and bricks. Spot prices do not directly correlate to prices of collector coins such as [URL='https://catalog.usmint.gov/coins/coin-programs/american-buffalo-coins/']American Buffalo coins[/URL] or [URL='https://catalog.usmint.gov/coins/coin-programs/american-eagle-coins/']American Eagle coins.[/URL] Multiple factors affect the valuation of collector coins: -metal content -mintage quantity -grade or quality -mint location (Philadelphia, San Francisco, Denver, West Point) [/QUOTE]
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