Metalstorm45 wrote:

- quote -

Asset accounts track a single thing or category of things. I have an
asset account for each of our cars, our house, and for the tools owned
by my handyman business. Once a year or so I enter transactions to
increase or decrease the value of these accounts based on the bluebook
value of the cars or the tax appraisal of the house. These are the only
transactions you can enter.

Investment accounts track securities, like stocks and bonds. They allow
you to record all the stock-type transactions, like dividends, splits,
buys, and sells.

In your case, I recommend the asset account. Every time you make a
purchase, record it as a transfer from your checking account to the
asset account. Periodically check the value of silver on the market,
then add an Increase or Decrease transaction to make the total value of
the account match reality. If you sell something, create a transfer
from the asset account to your checking account.

--
Steve Bell
New Life Home Improvement
Arlington, TX

I have recently begun to purchase a little silver (both "junk" silver coins &
silver bars) and gold (coins & bars) for my personal inventory (not futures;
hard metal). I am wondering how they should be categorized in MS Money
Premium. Should they be placed in an Asset account or should I create an
Ivestment account in which to place my purchases? I'm accumulating the
metals for long term holding, not to trade in and out of. Any advice would
be appreciated.
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