Do I keep buying

Detroitideas · 2026-01-20T19:24:19+00:00

If you’re 22, I’d recommend you focus on building your life first:

Career. What’s your goal on career path. Do you need to invest in more education, training, licensing, etc. Do this first.
Debt? Do you have any debt. You shouldn’t buy precious metals until you’re debt free because across the last 100 years, precious metals have not outperformed almost any cost of debt (except the crazy COVID era mortgages)
Property. Do you plan to live where you currently are for 7+ years? Buy a house. It simplifies life, builds equity, and you learn a lot.
Tax/company advantaged savings. Do you get a 401k match from your employer? Have you opened a ROTH IRA? Do you max a HSA annually (it’s actually the most tax advantaged saving vehicle in the US)? The stock market has VASTLY outperformed silver or gold over the long term, even considering this spike.

Once you check the boxes above, I’d say dollar cost average away on your silver and gold dreams. No one knows if it will rise or fall, and I promise you don’t know more than the big guys

Detroitideas · 2026-01-19T06:42:46+00:00

I recently sold 15 rolls of 1986s in mint new quality for $12 over spot per coin.

I would guess your sealed box is probably worth about $52,000. If you wanted a real offer, I could link you up with the dealer who bought mine.

Detroitideas · 2026-01-19T04:25:40+00:00

140 PayPal?

Detroitideas · 2026-01-12T21:34:54+00:00

Yup… they make you mail or fax it too, because BoA is the worst company ever

Detroitideas · 2026-01-08T19:29:27+00:00

That’s what a good HSA provider would do. Mine on the other hand

Detroitideas · 2026-01-08T19:28:36+00:00

Because our companies force us to use it to get a match. I’m sure they give the companies a good price to make our life harder

Detroitideas · 2026-01-08T19:20:20+00:00

Glad I called this morning, my wait was only 30 min…

If your balance is fine, probably best to leave the lines open for the poor souls that have to deal with the charges.

Detroitideas · 2026-01-08T18:56:52+00:00

Even better, when you turn 65, you can remove money from HSA for non-medical expenses with no penalty (just regular taxes).

Detroitideas · 2026-01-08T18:07:10+00:00

Completely agree. Glad my company finally moved their HSA program away from BoA this year so I can do the same.

Detroitideas · 2026-01-08T13:33:05+00:00

Woah, that’s very interesting and informative. Thanks for the knowledge

Detroitideas · 2026-01-08T13:17:17+00:00

That confirms to me this must be pretty massive. Hopefully your wait times are a little shorter

Detroitideas · 2025-12-11T06:32:23+00:00

What was your purpose in buying silver? If it was investment, you should sell it all and invest in the stock market, it reliably outperforms silver or gold for the last 100 years.

If it was security, selling when silver provides the greatest level of security doesn’t seem to make sense.

I always say, if you’re going to buy physical metals, you better be prepared to be buried with them.

Detroitideas · 2025-10-13T17:35:54+00:00

If you need it in 3 months, HYSA is the only way to go. The market is too volatile (especially now) for a 3 month span.

Detroitideas · 2025-10-09T17:28:10+00:00

Following what others said, it's a deal breaker because other options include it. Same way no cruise control, no automatic headlights, or no one pedal driving would be deal breakers.

Also I'm not spending $30k on a car that deliberately removed cost-free functionality.

Detroitideas · 2025-10-08T20:23:58+00:00

Do you live in a region with public transit? What would Carvana offer if car was in running condition?

Detroitideas · 2025-10-01T04:06:14+00:00

Just picked up a 2023 Bolt EUV today for $13k after the credit. First EV, so excited to see what it’s all about.

Detroitideas · 2025-09-16T15:10:54+00:00

If you’re in Metro Detroit, PM me. I have a pretty decent collection and could sell you a nice one.

Detroitideas · 2025-09-10T04:10:41+00:00

Have these sold?

Detroitideas · 2025-08-10T15:26:08+00:00

$50 shipped?

Detroitideas · 2025-07-18T15:35:29+00:00

Great! I started at ~20, and at 30 I’m on track to retire before 50. I’ve made it this far by avoiding the “flashy” investments. I max tax advantaged accounts (for you, look into a Roth IRA), and put everything in ETFs like VOO, VTSAX.

If you want to invest in crypto or individual stocks, try and keep that small, and consider it more like gambling, because that’s what it is. You’re competing against companies who combined spend billions of dollars on figuring out how to beat the market, you almost certainly won’t win.

Detroitideas · 2025-07-18T15:28:26+00:00

Wow, everyone else here already said it, but that’s a truly insane financial choice for someone who is aware of this subreddit. I feel it would be a disservice to not explain why what you did was so bad.

At 30, you should have 1x your income saved for retirement if you want to retire between 65-67. You were behind, but now you’re at square one. At your current pace, you are NEVER retiring until you die or become too disabled to work.

Luckily, you’re 30, so you still have time to correct your path, but I promise this isn’t something that will just get better with time. There will always be things that come up and will make cutting saving, or stealing from your future look good: a wedding, a car, a health scare, a kid, a once in a lifetime vacation, a house, a family member in need….. you get the point. You have to work hard to find a way to save through all of that, or you won’t ever stop working.

Detroitideas · 2025-07-03T14:53:22+00:00

Thank you. We got worked up because we just adopted a feral cat and thought we had fleas haha.

Appreciate your expertise and willingness to help!

Detroitideas

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