AllVols
Use Caution
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- Nov 19, 2003
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So I just found this tread because I typically avoid the Politics forums. I started buying silver back in 2016 at around $13 or $14 a coin, not counting spot. I wish I had bought more, but thinking about still buying more now. What are your thoughts about buying now? I have been using Kitco.com, do you know of a better site or way to buy PM?
Any of it income producing?
Yea, I have some duplex properties that I purchased and rent out. Low end stuff, but the margins are pretty high. Paid 40k now worth about 110k. Rent at $900I view them as a whole not individually.
As a whole yes they are and have been since about 4 years after first starting.
I don’t know if now is a good time to start though due to the market.
I got in around 2009 when the Columbus market tanked and I bought for pennies on the dollar from people with no doc/interest only loans who foreclosed. I stopped adding recently to my portfolio as nothing feels right and I think there is a collapse coming in the next 5 years.
To be more precise, I bought 210k homes for 65k, that are now valued at 248k. I rent the homes out I bought for 65k for 1,200 a month. Took 5 years to get my cash investment back and then all was profit. I now buy that same house at 248k and rent it for 1,200 and I am 20 years in the hole before turning a profit. Yes I have an asset but the liquidity is nil. So for now, I am in a holding pattern.
Yea, I have some duplex properties that I purchased and rent out. Low end stuff, but the margins are pretty high. Paid 40k now worth about 110k. Rent at $900
I’ve been looking to buy more for a few years now, but the prices are crazy right now and I won’t overpay. Just have my RE capital sitting in income producing securities until this market cools off.
The demand for tungsten came out of twitter and chat service Telegram. Crypto traders and other tungsten enthusiasts prompted a major run on tungsten supplies in recent weeks, with some paying $400 apiece for 2-inch cubes weighing around 5 lbs, and others paying $3,000 for the 4-inch version, which is about as heavy as "a low-horsepower outboard motor", according to WSJ.
Midwest Tungsten, a producer of the cubes, has seen its inventories hammered by the demand for the cube.
Even NFTs of the metal cubes have sold out.
Stacking the wrong metal...
"We Like The Cube" - Thousands Of Crypto Traders Are Paying Top Dollar For Tungsten | ZeroHedge
I guess you can sell your gold plated tungsten bars now...
I’m quoting a 7 month old comment so the joke is on me I guess. But buying gold isn’t foolish and it is as close to a guaranteed positive return in the investment market as you can get. We still haven’t even begun to feel the effects of inflation and deprecation of the dollar. I wish I could afford to buy Gold in bulk.If you want to make money you'll invest in stocks and/or crypto. If you want to have a hobby you'll do this metal stuff.
Devil's advocate: Will we really see hyperinflation if they decide to usher in digital currency?I’m quoting a 7 month old comment so the joke is on me I guess. But buying gold isn’t foolish and it is as close to a guaranteed positive return in the investment market as you can get. We still haven’t even begun to feel the effects of inflation and deprecation of the dollar. I wish I could afford to buy Gold in bulk.
Oh my bad. Well I’m not really sure what I’d say about that scenario. Are you positing a situation where the U.S officially sanctions a competing currency, or a situation where a competing currency eventually usurps the dollar organically?Don't misunderstand what I'm saying. I agree with stacking. I'm just throwing out a scenario where these guys make some attempt to avoid all of these dollars and try to changeover to CBDCs?
Neither. I'm saying they just flip a switch and say that paper notes are null and void, you have to use the new digital Fed coin. They will even reprice bank and retirement accts to the new digital currency.Oh my bad. Well I’m not really sure what I’d say about that scenario. Are you positing a situation where the U.S officially sanctions a competing currency, or a situation where a competing currency eventually usurps the dollar organically?
Would our debt and outstanding bonds etc still be honored? Anyway yeah it is plausible that they’d pull a FDR and outlaw gold ownership if they went down that routeNeither. I'm saying they just flip a switch and say that paper notes are null and void, you have to use the new digital Fed coin. They will even reprice bank and retirement accts to the new digital currency.
Well, let me back up, because you mentioned competing currency. My hypothetical situation wouldn't necessarily involve a competing currency, but more like a parallel currency. They could have a domestic digital dollar for us here and maintain a separate dollar for international trade. So they would basically be able to steal from the people here in order to maintain trade and still try to keep things afloat. All of the accounts, bonds and debts of the citizens would be repriced in the digital dollar and all external accounting would remain essentially the same.Would our debt and outstanding bonds etc still be honored? Anyway yeah it is plausible that they’d pull a FDR and outlaw gold ownership if they went down that route
Speaking of stacking “metal” - how does ammo hold up adjusted for inflation over time?I know copper prices are really high right now and even scrap steel is running around a dime a pound (normally runs around the nickel mark or so) along with other non-rare earth metals staying up there.
Even without hoarding the "precious metals" other metals are running good enough that one should be thinking twice before throwing out anything electronic or metal. Scrap it, sell it and take the profit while the getting is good.
Speaking of stacking “metal” - how does ammo hold up adjusted for inflation over time?
Does it hold its value? Appreciate, Depreciate?
I see. That is very plausible. Sort of reminds me of FDR forcing people to sell their gold at a fixed price then raising the price of said Gold once all of it has been confiscated. In the scenario you are describing I think it’s probable that Government would crack down on the trade of precious metals to ensure the survival of their new currency. China sort of operates like the way you hypothesized, the deal domestically with their extremely depreciated currency but conduct international commerce with the dollar.Well, let me back up, because you mentioned competing currency. My hypothetical situation wouldn't necessarily involve a competing currency, but more like a parallel currency. They could have a domestic digital dollar for us here and maintain a separate dollar for international trade. So they would basically be able to steal from the people here in order to maintain trade and still try to keep things afloat. All of the accounts, bonds and debts of the citizens would be repriced in the digital dollar and all external accounting would remain essentially the same.
Paper currency fluctuates in value yet people manage to price items. I actually find many on line vendors give as much as 20% discount for using bitcoin.I consider them to be much akin to so many stocks who's value are based on absolutely nothing. I do not believe those who pull the strings behind the scenes will allow non state cryptos to ever become usable currency on a wide scale. I also do not believe that they are as hack proof as most do. It will only take on nation sponsor hacker to disrupt the block chain tech. Will it happen at present? Not sure. I am skeptical that they will be allowd to become a pool filled with fiat dollars or other currencies beyond the influence of the EU, China or even the US if they really choose not to allow it.
In addition, in the event of a catastrophic event that robs us of power for an extended period, cryptos or other digitally stored currencies (term used loosely ) would be useless.
Another problem with the premise that some have regarding especially bitcoin,,,,, how could values be placed on items for sale or purchase based off of an ever changing cryto value?
Residential real estate prices are insane here. I will continue to invest here because there is no more land available. I only have two houses. One is a rental that my daughter lives in and I lose lots of money every month. I could rent it for 2500/month, but instead I rent it to her and she pays me $1,400, but i pay all the bills, electric, water, yard care, trash, internet etc. I lose money hand over fist on the deal, but she's going to college so...I view them as a whole not individually.
As a whole yes they are and have been since about 4 years after first starting.
I don’t know if now is a good time to start though due to the market.
I got in around 2009 when the Columbus market tanked and I bought for pennies on the dollar from people with no doc/interest only loans who foreclosed. I stopped adding recently to my portfolio as nothing feels right and I think there is a collapse coming in the next 5 years.
To be more precise, I bought 210k homes for 65k, that are now valued at 248k. I rent the homes out I bought for 65k for 1,200 a month. Took 5 years to get my cash investment back and then all was profit. I now buy that same house at 248k and rent it for 1,200 and I am 20 years in the hole before turning a profit. Yes I have an asset but the liquidity is nil. So for now, I am in a holding pattern.
Two years ago I bought about 140 ounces of physical silver, average around $16 an ounce. Sold all but 20 ounces at $27 last year.
Still have the 20 ounces.
Also I go in and out of SLV and IAU etf. Usually buy on 2 day downswing and get out if 5 % return .