Silver, gold? copper? where ~```

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Silver, gold? copper? where ~``` - 3/25/2008 4:57:55 AM

pahunkboy

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Yoddles.

What do you invest in. May I have the link?

How much are you invested? % wise I mean.

If your are bearish on it, WHy??

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RE: Silver, gold? copper? where ~``` - 3/25/2008 6:22:54 AM

aviinterra

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I put in extra 'surprise' money ( gift, extra work pay, etc. ) into gold. I usually first save it up to a larger sum so that I can buy a bar immediately and instead of investing in a ton of little coins. A smaller bar currently goes for 929.00 USD on the open market, 931.00 USD high today. About seven years ago when the dollar was stronger you could buy the same for about 390.00USD, so in a troubled market, gold pays off. I invest rarely in silver, but enough to have 'on hand' in case of the worst case scenario where I would have to chip it off and sell. I don't do the others because they are not worth as much and take up too much room to store ( unless you are willing to shell out the dough for a secured vault ). Copper is a good sell immediately. If you see old copper plumbing in a trash bin, take it out and save it onto a pile out in the yard. When your pile is big enough, drive it to a scrap metal dealer and they give you cash for it- no names, no way to trace the income from it. If you can't save up the money for a bar, then by all means go the way of coins. Just buy from a bullion dealer- not ebay, where you can not be certain of the exact percentages of gold and can be easily cheated. Platinum is just not as good as either silver or gold, and diamonds are overpriced on the retail market and their worth is actually, well, kind of worthless if you try to resell in troubled times. In either case, precious metals are always a good side investment to an already diverse portfolio.

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RE: Silver, gold? copper? where ~``` - 3/25/2008 6:32:11 AM

kittinSol

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quote:

ORIGINAL: aviinterra

diamonds are overpriced on the retail market and their worth is actually, well, kind of worthless if you try to resell in troubled times.

Tiffany's!
Cartier!
Black Starr!
Frost Gorham!
Talk to me Harry Winston.
Tell me all about it!

Diamonds! Diamonds!
I don't mean rhinestones!
But diamonds are a girl's best friend.

Marilyn Monroe

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RE: Silver, gold? copper? where ~``` - 3/25/2008 6:35:20 AM

LaTigresse

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I think I am well diversified............

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My twisted, self deprecating, sense of humour, finds alot to laugh about, in your lack of one!

Just because you are well educated, articulate, and can use big, fancy words, properly........does not mean you are right!

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RE: Silver, gold? copper? where ~``` - 3/25/2008 7:04:14 AM

petdave

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quote:

ORIGINAL: aviinterra
If you see old copper plumbing in a trash bin, take it out and save it onto a pile out in the yard. When your pile is big enough, drive it to a scrap metal dealer and they give you cash for it- no names, no way to trace the income from it.

You could have a hard time finding a scrap dealer who doesn't ask for ID nowadays... too many people looting abandoned houses for the pipes and wiring.

Personally, i'm invested in ammunition, gasoline, and canned food. In troubled times, it's the only way to go.

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RE: Silver, gold? copper? where ~``` - 3/25/2008 7:28:26 AM

aviinterra

Posts: 208
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quote:

You could have a hard time finding a scrap dealer who doesn't ask for ID nowadays... too many people looting abandoned houses for the pipes and wiring.

Actualy, I have never met a scrap dealer who does ask for ID ( aside from pawn shops, but that's different ), perhaps it's a New England thing, but I doubt it. As for looting abandoned houses, that would be a real tough thing to prove even if you are asked for ID. Scrap metal dealers compress their new acquisitions fast, and frankly, how often do you see the police checking the wiring on abandoned property? Not often I bet.
I can agree on the canned food, but as for ammo, and in turn, guns, we can all look to what happened in New Orleans after hurricane Katrina- the govt. came in and disarmed the citizens.

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RE: Silver, gold? copper? where ~``` - 3/25/2008 9:05:17 AM

Termyn8or

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Hunky I got one word for you - silver.

I read a very interesting article on silver not too long ago by someone who sounds like they know what they are talking about. I can get the author's name if you press me for it, but suffice it to say that it is something that I read that seems to make sense, for now.

What the guy is saying is that silver is even better than gold because alot more gold is mined than is needed by industry. The reserves are, if not shrinking, they are certainly not growing. If even they are growing they are not growing enough. Silver has more uses in industry than gold, but gold is hoarded and planted in national reserves, and used in jewelry. Of course silver is used in jewelry as well, but that doesn't change much.

What he says is that they using more of it than they are mining. Don't look for a windfall overnight. But the fact of the matter is they are not going to actively seek more sources until the price goes up, well at least not really actively. Once the price goes up there may be another war. HAHA, the silver wars of 2015.

In fact if that were to happen, you might expect the bottom to drop out then, but look what happened to oil. At a hundred bucks a barrell we gained nothing. If they do find silver without a war the normal market forces should take shape concerning the trading value.

What happened to oil was a fluke. If people weren't sucking the system dry oil would be ten bucks a barrell, WE ARE STEALING IT, it should be free, in fact it is free, to those who control it. They just choose to sell it at a very high price because they literally have us over a barrel.

I bought a couple pounds of silver, we'll see what happens. But I realize that it will be years before any real profit is realized, and that can only happen if the value runs ahead of inflation. With gold you can pretty much break even, but there is plenty of it around.

Let's put it this way, if you bought enough gold back say fifty years ago, to buy a new car, you could sell that gold today for enough to buy a new car. What did you really gain ?

Gold is fine as an inflation hedge, but if you really want to make money you have to get ahead of the curve so to speak. Silver is poised to do just that in the next decade I believe. And you are unlikely to lose in any event, like gold. But with silver you have the actual possibility of real gain.

And I said possibility, speculation is a gamble no matter how you look at it. Before you bet the farm on it do some research. Get back to me and I'll find that guy's name, but right now it is time to go to work.

T

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RE: Silver, gold? copper? where ~``` - 3/25/2008 9:26:59 AM

Real0ne

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yup ditto on the silver, silver here too.

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RE: Silver, gold? copper? where ~``` - 3/25/2008 1:01:12 PM

subfever

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quote:

ORIGINAL: pahunkboy

Yoddles.

What do you invest in. May I have the link?

How much are you invested? % wise I mean.

If your are bearish on it, WHy??

I have approximately 10% of my investment portfolio (does not include my home or personal possessions) in these metals. And of the metals, at recent spot price values, I'm at about 90% silver, 9% gold, and 1% copper.

But as I've posted before, I view the metals more as insurance, as opposed to investments. They will provide a means of barter, in the event that the shit in our monetary system finally hits the fan. I suspect it's not a question of if, but a question of when. I also suspect that it's likely to happen in my lifetime. But even if I'm wrong, my children will have the benefit of this insurance.

< Message edited by subfever -- 3/25/2008 1:05:56 PM >

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