If you have a longer time horizon, here are your money making opportunities, says Jim Cramer.
Comments
@be1still
Possibly relevant?
From today's Reuters:
Bullion tumbled more than 4 percent in heavy trade, briefly falling below $1,060 an ounce as escalating sovereign debt fears in Europe prompted investors to bid up the dollar and unload riskier assets.
The logic of your idea is not in question.
Basic risk management:
If you need the money don't risk it.
You should know that your gut feeling and enthusiasm don't matter. Of course you do know that already. Evaluate risk not only in terms of the asset, in this case precious metals, but also the third parties that will be involved. Are you buying coins to hide under your mattress? I am just saying that is is natural for you to assess risk as zero, and you will be wrong.
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The reason your idea will not work, is that the market is rigged in ways unimaginable to most healthy minds. Anyone that advises a young person, hell..., ANY person, to invest in the market is irresponsible. The few ways to survive the market, aside from luck, all include losing money as part of the learning curve. How much money? Probably just enuf to fcuk you up. The perfect storm is one that is waiting for borrowed money to be risked. My advice? Don't do it. Don't do it. Don't do it.
@be1still
Cramer boasted that he did just that when he was visiting a US university campus. If you have a similar plan, I suggest you get a different plan, unless you are pursuing a career in the entertainment/ investment business, and don't care about your real education. Clever isn't necessarily smart.
Of course taking out a student loan and using that cash for investing/trading instead of tuition would allow greater leverage.