Other Stuff I Bought To Protect My Precious Metals

I also bought a gun and an alarm system for my house. I also bought security cameras. Yea, I made some money so I was able to. But remember I started out investing small in penny stocks. The trick was to pay attention to the details, know the markets I was trading in and make calculated moves to increase my profits and net worth. 

So I bought this huge massive safe and put all the metals I had in it. Only I knew the combination and had the fingerprints to open it. I had about 300 ounces of gold, 200 ounces of silver and a hundred ounces of platinum. My safe was balling hard. It was a great feeling. 

I still have all those metals and I plan on keeping them for a while. I don’t need the liquid money to live off of, since I still have my day job. But this is my retirement fund and nest egg. I know that I am playing a risky game having so much money tied up in precious metals, but I got a good deal from whole direct metals and it was a great bargain. 

And you know what, if the markets move down, well that’s ok; at least I know in the long run everything will be ok. Even if the economy collapses, the commodities are what will be worth something, not stocks, bonds, paper currency or anything else. It’s all about the commodities. Don’t get it twisted. It’s ALL about the commodities.

 
But I digress.

Buying Wholesale Direct Metals

So I started buying metals like gold, silver, platinum, etc. I loved it. But I didn’t actually have the possession of the metals. I bought them through a broker and they were stored at another location. Needless to say, I didn’t like this at all. So eventually I decided to pull all my money and just buy the metals direct. 

I wish at first I found a place with wholesale metals at wholesale prices. It would’ve been so much easier for me to buy them and store them this way. But unfortunately, that wasn’t the case. I started out small, buying a few ounces of these metals here and there. I would store them all in my safety deposit box at the bank. Each week I would buy something small and store it at the bank. 

Eventually I was able to amass a pretty large collection of precious metals. I was buying from retailers at ridiculously high prices, but was still able to turn a profit as soon as gold and silver skyrocketed. So I banked the money and decided to go big and not go home. I looked for wholesale suppliers of precious metals.  And I found a great few of them.

So I started to buy bigger chunks of metal. I’d buy a few dozen ounces of this metal or that metal. And I couldn’t store it at the bank anymore, so I decided to buy a safe. It was a huge mammoth of a safe, but at least I knew that my metals would be safe. 
 

How I Started Trading Stuff

I started out in stocks. Penny stocks were so easy to trade and didn’t require a ton of capital to make some money. It was so fun and addicting. Investing money in stocks is almost like gambling. It’s got the same feeling. I wouldn’t be surprised if they did brain studies on investors and gamblers and they found a very similar type of brain activity. It is an addiction based on profit and loss. I love it – lol.

But after a while I wanted to up the ante so I started investing in currencies. Foreign exchange markets are really tough cookies to crack, but man can you make a TON of money investing in these markets. You just have to buy a certain type of currency and then sell it once it’s at a higher rate as compared to another type of currency. You do this continuously until you’re able to cash out big! 

I love investing. It’s such a great field to be in. I don’t even know how or why I decided to start investing, but I remember the day I started. I bought a penny stock at $0.43 per share (1000 shares) and sold it for $0.76 per share. That’s a total profit of $300+ in the matter of days. And I didn’t even have to do a ton of work. And if you’re lucky you can even score big if a penny stock starts to move up and up and up to the double digits. It’s amazing, but it’s very rare.

After a few months of doing that I started to trade foreign exchange with similar results. It was a great feeling. I was making lots of money in the investment game. But then I made a stupid mistake. I placed bets on pure emotional attachment to stocks and currencies. I totally failed miserably. The stocks and currencies plummeted and I was left biting my hands. It was gut-wrenching. 

Luckily I didn’t lose ALL of my money. I still had some money left. But this time I decided to go into a more stable market with more long term success and value. I decided to purchase commodities - precious metals to be exact. Precious metals are a great thing to invest your money in. They are beautiful, but also valued very much. They are a store of value, because of the demand they create in the world.

Mistake In Investing Directly In Metals

Don’t make the mistake of doing this emotionally. There are some great stories that end in tragedy and heartbreak (as well as broke-ness) from people who invested their money emotionally. Take all of the emotion out of it. This isn’t a game you want to play when under a hot head or heavy heart. You need to use your mind to invest properly. You have to really understand and analyze things with a special attention to detail. You need to really be on your game.

When I first got into investing, I didn’t know where to begin. I played games and bought and sold stocks based on “gut feeling.” And although sometimes and some people are able to take advantage of that “gut feeling.” It’s not always the best indicator of success in any financial market. You really need to differentiate between a gut feeling based on fact and data and analysis, and a gut feeling based on emotional attachment to a particular type of investment. 

Don’t make the same mistakes I did when I first started out selling bonds, and trading stocks. I was a fool-hearted moron who lost a lot of money. But having said that, my early days as an investment trader were full of life lessons I’ve carried with me throughout my entire amateur career as an investor in financial markets around the globe. I learned a lot of things that I still use today. 

And who’s to say that I wasn’t meant to go through all those losses just so I could get to the point I’m at today with investing my money. I learned a  lot of different things and I was able to pick up some tricks along the way to. 

Investing in Commodities and Precious Metals (And Other Things)

Investing can really be seen as an art form. Whether you’re investing in precious metals or you’re trying to play the mutual funds game, or even if you want to buy and sell stocks – investing really has an art to it. You have to see and learn and know things the other guys don’t. You have to be able to predict trends. And sometimes you even just have to get lucky.

There’s no point in trying to invest if you can’t really dedicate some time into researching your targets. You have to actually bunker down and learn about the investments you’re planning on making. You have to know their history, who the major players are, what they’re trying to do, why they’re trying to do it, how likely they are to succeed, economic conditions and so much more. There’s a lot to know.

That’s why investing and day trading part time (with another full time job) is such a hard thing to do. You really want to eventually make this investing your full time job. You don’t want to just do it here and there like a hobby if you want to make any real money from it. And by real money, I’m talking six-plus figures. And that’s not even where the big boys play. The big boys play with stakes in the seven/eight-plus figure range.

That’s where the real fun happens. But you still have to know your stuff and be very careful. At that level, the slightest misstep could mean that you’re done for. And it’s really hard to recover from such devastating blows to your portfolio. But then again, even if you’re buying and selling stocks, bonds, metals and currency at a low level, a slight miscalculation or foolish move led by emotion can be devastating to your entire life and livelihood.

Learn more about precious metals here.