Care to explain? Or is that the best response you can come up with?Originally Posted by TroyMcClure
LOL that's dumb.
Remember, you will be paying capital gains taxes on your "investments" since the brokerages report that information to the IRS.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: this_feature_currently_requires_accessing_site_using_safari
Care to explain? Or is that the best response you can come up with?Originally Posted by TroyMcClure
LOL that's dumb.
Care to explain? Or is that the best response you can come up with?Originally Posted by TroyMcClure
LOL that's dumb.
Originally Posted by TroyMcClure
You'll never get market value. In all honesty, this is very much a herd mentality. This is Niketalk, I doubt TOO MANY people have sound investment advice. Silver might be a decent bet, but you aren't going to make any real coin (lol) if you are looking for a get rich quick scheme. The time to invest was two years ago.
Originally Posted by TroyMcClure
You'll never get market value. In all honesty, this is very much a herd mentality. This is Niketalk, I doubt TOO MANY people have sound investment advice. Silver might be a decent bet, but you aren't going to make any real coin (lol) if you are looking for a get rich quick scheme. The time to invest was two years ago.
Yea, actual bullion. It's funny that I had just typed that message and a guy on CNN was just talking about how people should stay in stocks right now.Originally Posted by Mojodmonky1
@cguy610
i came into this thread late and didnt read the earlier pages.
so when yall are talkin about investing in silver or other PM's, are you talking about stockpiling actual bullion as opposed to buying PM backed securities of some sorts?
Yea, actual bullion. It's funny that I had just typed that message and a guy on CNN was just talking about how people should stay in stocks right now.Originally Posted by Mojodmonky1
@cguy610
i came into this thread late and didnt read the earlier pages.
so when yall are talkin about investing in silver or other PM's, are you talking about stockpiling actual bullion as opposed to buying PM backed securities of some sorts?
Originally Posted by TroyMcClure
Seriously if you have the actual physical metals, how do you sell them at market value? Where?
and, for those with an investment what is your exit strategy? I have bad credit I can't even make a Scottstrade account, but I have a good amount of money in the bank now and my credit will be fine soon. Looking to make investments by the new year.
Originally Posted by TroyMcClure
Seriously if you have the actual physical metals, how do you sell them at market value? Where?
and, for those with an investment what is your exit strategy? I have bad credit I can't even make a Scottstrade account, but I have a good amount of money in the bank now and my credit will be fine soon. Looking to make investments by the new year.
Originally Posted by cguy610
Yea, actual bullion. It's funny that I had just typed that message and a guy on CNN was just talking about how people should stay in stocks right now.Originally Posted by Mojodmonky1
@cguy610
i came into this thread late and didnt read the earlier pages.
so when yall are talkin about investing in silver or other PM's, are you talking about stockpiling actual bullion as opposed to buying PM backed securities of some sorts?
Originally Posted by cguy610
Yea, actual bullion. It's funny that I had just typed that message and a guy on CNN was just talking about how people should stay in stocks right now.Originally Posted by Mojodmonky1
@cguy610
i came into this thread late and didnt read the earlier pages.
so when yall are talkin about investing in silver or other PM's, are you talking about stockpiling actual bullion as opposed to buying PM backed securities of some sorts?
I want to preface by saying that I am fairly ignorant when it comes to this stuff, so any insight will help.Originally Posted by cguy610
You don't buy PM's to "get rich". You buy PM's to protect your purchasing power.
Sound investment advice? Like financial advisors that are telling people to stay invested in stocks right now even though we are heading for a recession?
Tell me what has had better returns over the past 10 years? The stock market or pm's.
They are already talking about QE3.
I want to preface by saying that I am fairly ignorant when it comes to this stuff, so any insight will help.Originally Posted by cguy610
You don't buy PM's to "get rich". You buy PM's to protect your purchasing power.
Sound investment advice? Like financial advisors that are telling people to stay invested in stocks right now even though we are heading for a recession?
Tell me what has had better returns over the past 10 years? The stock market or pm's.
They are already talking about QE3.
Originally Posted by Mojodmonky1
I want to preface by saying that I am fairly ignorant when it comes to this stuff, so any insight will help.Originally Posted by cguy610
You don't buy PM's to "get rich". You buy PM's to protect your purchasing power.
Sound investment advice? Like financial advisors that are telling people to stay invested in stocks right now even though we are heading for a recession?
Tell me what has had better returns over the past 10 years? The stock market or pm's.
They are already talking about QE3.
^^ is my goal. I'm not trying to make a killing (although that would be nice) I am just trying to protect my purchasing power.
I've been trying to build up a decent savings cushion of about $50K to get me through a "worst case scenario" like if either my wife or I got laid off, unemployment ran out, and we had not found other employment yet. The problem is, I dont want that cash cushion to effectively be whittled away due to growing inflation or currency devaluation. I would like to keep it in something fairly liquid so I can easily convert to money to pay bills or what not if I ran into a "worst case scenario".
My concern about stockpiling bullion is the liability of being robbed. Even though I live in a relatively safe area, I don't know if I would be fully comfortable knowing that I have a small stack of PM's stashed away in some safe thats in my closet. I would rather have peace of mind if that bullion could be stored and insured by a 3rd party, even if that means there is some overhead/fees involved.
Am I being too paranoid or short sighted?
Originally Posted by Mojodmonky1
I want to preface by saying that I am fairly ignorant when it comes to this stuff, so any insight will help.Originally Posted by cguy610
You don't buy PM's to "get rich". You buy PM's to protect your purchasing power.
Sound investment advice? Like financial advisors that are telling people to stay invested in stocks right now even though we are heading for a recession?
Tell me what has had better returns over the past 10 years? The stock market or pm's.
They are already talking about QE3.
^^ is my goal. I'm not trying to make a killing (although that would be nice) I am just trying to protect my purchasing power.
I've been trying to build up a decent savings cushion of about $50K to get me through a "worst case scenario" like if either my wife or I got laid off, unemployment ran out, and we had not found other employment yet. The problem is, I dont want that cash cushion to effectively be whittled away due to growing inflation or currency devaluation. I would like to keep it in something fairly liquid so I can easily convert to money to pay bills or what not if I ran into a "worst case scenario".
My concern about stockpiling bullion is the liability of being robbed. Even though I live in a relatively safe area, I don't know if I would be fully comfortable knowing that I have a small stack of PM's stashed away in some safe thats in my closet. I would rather have peace of mind if that bullion could be stored and insured by a 3rd party, even if that means there is some overhead/fees involved.
Am I being too paranoid or short sighted?
Originally Posted by cguy610
^ why gold and not platinum?