Recently I wrote an article blog responding to a question that a reader of the ITM Trading website left in response to an article they had read.The question asked was about when to buy gold and silver. The question was short and simply phrased but it opened up a whole Pandora’s box of answers when you applied the simple question to today’s complex society.

Just so you see the question exactly as I did (there is no context to be applied here) here it is:

Jeff Wrote In Wanted To Know If He Should Pay Debt Or Buy Gold And Silver.

To summarize what turned out to be a somewhat long but philosophical look into answering the short question here was my response. Separate long and short-term debt, focus on paying off the short-term debt, and realize that if you are already saving through an IRA or 401(k), you are simply purchasing more debt, and may want to consider re-purposing those funds to buy gold and silver.

Also touched on, was the possibility that since it is easy to buy gold and silver at these current prices, budgeting a few dollars to buy gold and silver coins rather than make impulse purchases such as new TVs and purses would be beneficial to a financial situation in both the short and long-term.

If You Own One One These, You Can Re-Budget And Buy Gold And Silver.

I also took care in that article blog to state that ITM Trading is a company that specializes in delivering physical gold bars and gold coins, as well as physical silver bars and silver coins, and rare American gold coins directly to you.

ITM Trading is not an accounting or legal service. ITM Trading can, however, offer professional answers to questions regarding investing in gold and silver. If you have questions that you want answers to before you buy gold and silver, please call ITM Trading directly.

That being said, there were other ideas that I have seen proven in real practical life
situations that helped people decrease their debts and increase the amount of funds they had available to buy gold and silver. Those I can share with you as a matter of financial practicality without crossing over into the realm of financial advice.

This Simple Machine Could Be Just The Key You Need To Begin To Buy Gold And Silver.

Know What You Owe Before You Buy Gold And Silver.

Often times people in debt don’t even know how much debt they have incurred. If this is the case, then the first thing you need to do is a financial reckoning to find out exactly what type of situation you are in. If this sounds like you, and you practice the “I don’t owe if I don’t know it” form of bookkeeping, then perhaps you need to find yourself as bookkeeper.

In any event, listing your debts and the interest rates associated with them is a first step to paying them off and being able to put more funds aside to buy gold and silver.

If you find your financial situation to be untenable, then you should seek professional counsel in this area.

ITM Trading does not suggest that you buy gold and silver we short-term money.
If you buy gold and silver, you should buy gold and silver with money that is correctly designated for long-term growth and stability.

$500 Is All You Need To Begin Buy Gold And Silver At ITMTrading.com.

Though ITMTrading.com has a low minimum purchase of $500, ITM Trading does not recommend that you buy gold and silver in small amounts for short-term profits, the low minimum purchase amount exist simply to make it easy to buy gold and silver in small amounts to add to your long-term precious metals portfolio.

Once You Know What You Owe, You Are Closer To Being Able To Buy Gold And Silver.

If you know what you owe and you can deal with it, then it is time to start owing less. Simplistic mathematics will tell you based on amount owed and interest rate accruing which debt is costing you the most to hold.

Pay off or at least attempt to refinance any high-interest debt first and as soon as possible, and scratch one debt off of your list. If you are really serious about paying off your debts you should have a mental list and know exactly how many debts you have, and make it a point to not add any new debts.

Eliminate High Rate Credit Cards And Use Those Funds To Buy Gold And Silver.

With this frame of mind, it is easier to say no to the 0% Home Depot card, or no payments on a 50 inch TV for six months, and you will find that debt decreases instead of increases, and then there is more money to buy gold and silver.

Fix What You Can Fix, And Then Buy Gold And Silver.

In addition to paying your bills every month or as they come due, and doing your best to reduce the total number of bills that come to every month and their associated totals, you should be looking for ways to reduce a bill capable of being reduced.

Commit yourself to choosing one bill every month, and finding a way to reduce it. For instance you may want to start the first month with your cable bill. Chances are pretty good that if you’ve been with your cable company for a while and you call them and ask for a discount or if you might be able to save money with a different subscription package, that some financial gains can be made here.

You May Be Able To Save A Few Dollars On Utility Bills And Use Those Funds To Buy Gold And Silver.

Even if you are only able to save $20 a month, that is $240 a year, and right now that will buy a 10 ounce silver bar and some American Silver Eagles.

Next month, you may want to try optimizing your car insurance and/or home insurance. Sometimes those savings can allow you to buy gold and silver as well.Another place to look for more money to buy gold and silver with is in your utility bills. Sometimes a close perusal of your water bill will show you a leak that simply equates to money running out of your household finances that could be used to buy gold and silver. Especially if that leak were to be in your pool, and your pool fills automatically, or if you have broken sprinkler lines or heads that go undetected.

A Broken Sprinkler Is Money Leaking Out Of Your Household Budget That Could Be Used To Buy Gold And Silver.

In any event focusing on an individual bill every month, rather than just paying them when they come due and not caring how many come due, will go a long way to redirecting some of your earnings to buy gold and silver.

If you believe you are in a financial situation that would benefit if you were to buy gold and silver, and you have questions that you want answered before you buy gold and silver, please call a precious metals specialist at 1.800.OWN.GOLD.