What To Do With $1400 Stimulus; Stocks, Gold, Silver, Bitcoin, Guns, Golf Clubs, Robot Lawn Mowers?

Many Americans have already received their $1400 government stimulus checks and it appears the vast majority of people are saving at least a portion of it, which is a pretty wise move, considering 40% of Americans can't come up with $500 in an emergency.

There's been lots of talk about what to do with that newfound cash, so Money Daily set about to find the neat things one could buy with the $1400.

Getting the obvious out of the way, $1400 will not purchase a single ounce of gold (around $1700, currently), though, from the looks of things, the central bankers want to make $1400 possible through their endless price bashing on the COMEX.

It will not buy much Bitcoin (around $59,000), though even having 0.02372881 of a bitcoin would put you close to the worldwide average.

Silver, the most undervalued asset on the planet, is currently selling for around $24.30 on the COMEX, but that's a 1000-ounce bar price. If one could acquire silver at that price, $1400 would net just over 57 ounces, a pretty good haul. The reality is that one would more than likely be buying from an online dealer. One of the best around is Scottsdale Mint, and their 10-ounce "Stacker" at roughly $310-320 per piece (depending on payment method) would be a solid choice if one wishes to wait 3-4 weeks for delivery. It's the same at most other online precious metal retailers.

Your $1400 would net you four of those beauties, with some money to spare. Those not wihing to wait could go to eBay, where prices are higher, but delivery is quicker. 10-ounce bars are going for around $330-350, so one might be able to pick up four and have them right away. Bidding is fierce, however. The silver shortage is for real. Money Daily's proprietary Single Ounce Silver Market Price Benchmark came in Sunday at $41.77, so buying single ounce pieces is likely to cost more per ounce.

How about stocks?

$1400 can get you less than three shares of Netflix (NFLX, $513.95), just two shares of Tesla (TSLA, $611.29), or 11 shares of Apple (AAPL, $121.39). If you dream of owning some of Alphabet, parent of Google, you're out of luck (GOOG, $2,055.95). You'll have to settle for five or six shares of Microsoft (MSFT, $235.24).

Getting beyond the investment mode, there are thousands of everyday items for around $1000. Here are a few lists, especially if you're in the gift-giving mode:

Gifts for around $1000
More gifts for around $1000
Even more gifts for around $1000

These run the gamut. Among the ideas are robot vacuum cleaners, headphones, TVs, computers, drones, security systems, full body massage chairs, coffee machines, chronograph watches, vintage sneakers, bikes, necklaces, boots, golf clubs, electric fireplaces, telescopes, digital picture frames, robotic lawn mowers, and much more. Some are more practical than others, but unless one really doesn't need $1000 extra cash, these seem more like splurge items than anything else.

For the money, fixing up the house could be a solid way to go. Adding some nicer features to a kitchen or bathroom goes a long way toward self-satisfaction while improving the resale value of a home.

Others will opt for hunting gear, guns, ammo, and the like. If binge-watching is your thing, a nice TV and a decent couch can easily be found for under $1400.

That amount of money can certainly buy lots of canned goods and other "prepper" items. A water purifier might be handy in a SHTF situation.

While no answer is correct, what to do with $1400 conjures up all kinds of ideas, some more practical, skeptical, or ethical than others.

With more than enough money being printed routinely by the Federal Reserve and Joe Biden talking about the "next" stimulus, this question is more than likely to pop up again soon.

At the Close, Monday, March 29, 2021:
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