Investor question

[Stalker]

Jayden got a decent amount of money for her birthday/Christmas. I'd like to do something with it other than put it in the bank and gain interest. My father in law recommended buying silver and sitting on it for a few years. What's everyone know a out silver? It seems to have gained well in the last year but I know nothing outside of that.

Sent from my SAMSUNG-SGH-I777 using Tapatalk

 

[holset35]

Gold is on it way up right now.

 

[ShadowRuleZ]

Everyone's going to have an opinion, but past performance is not an indicator of future performance. I'd start with figuring out what your goal for the money is - if it's school or retirement, there are tax advantaged methods for those.

 

[kovacs32]

buy stock in catalytic converters.

 

[wrath]

529 plan.

 

[robvas]

Gold is on it way up right now.

Because it took a huge hit lately. But if it goes back up to say, 1900 over the next few years, that won't be much of a gain. More to be had in other places but it's not easy to do. Takes time and knowledge to do it.

 

[boosted gt]

i'd put it in a decent stock that pays a dividend. old silver coins would be cool to have down the road too

 

[braxx]

Silver is fairly low right now. At around $29 an OZ. Has been in mid $40's this year.

 

[ASRoff]

Vanguard.com has a good dividend mutual fund that has a very low maintance fee of .15

 

[Detroit Gearbox]

Silver is fairly low right now. At around $29 an OZ. Has been in mid $40's this year.

That what I was thinking....while metals hold their value, buying when the price is high is not very prudent.
The question is how long? How many years?
If it was long term I think I would be looking at realestate. Its never going to be this low again...(I hope)