Q: Are these good investments for a teenager?
I just have a few questions to ask
So my plans are to buy $ 300 Australian dollars to US DOLLARS and when the dollar goes up I will sell them. Then I will invest in silver or gold. I know e risks of both investing.
So my questions are)
1) when I buy US dollars can I physically hold onto them and sell them when It goes up at a currency exchange place? Will they give me cash when I trade it in?
2)are their any other currencies to invest in other than the US dollar?
3) where do I buy silver or gold from and where do I trade it in?
4) are their any other investments that you recommend?
I am under 18 so I can?t buy shares.
Thanks
Answer:
1 ? yes, yes
2 ? plenty of other currencies, almost all currencies trade the world
3 ? Google it, plenty of resources are available
4 ? IT, e energy
Beware young investor, as trades cost money and that cost may eliminate your gains.
posts you may find of interest:
- FAQ: Gold and silver have become great investments this past decade. Have you invested in any? ? goldsenze.com
- Q&A: Are gold/silver good investments NOW? ? goldsenze.com
- FAQ: Gold Investments ? Is this a good time to buy Canadian Gold Leaf? ? goldsenze
- FAQ: Are gold and silver good investments at this time?
- Bernardo Cardoso Gold Investments
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Source: http://www.goldsenze.com/qa-are-these-good-investments-for-a-teenager-goldsenze-com/
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