Re: gold and silver
[Re: pcr2]
#6655923
11/02/19 11:56 PM
11/02/19 11:56 PM
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Joined: Jan 2007
Posts: 3,960 Northern Nevada
Bob
trapper
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trapper
Joined: Jan 2007
Posts: 3,960
Northern Nevada
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Gold and silver are a terrible way to preserve wealth. If you look at historic numbers over the long term you’d be better off investing money in almost any other investment vehicle.
"I have two guns, one for each of ya."
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Re: gold and silver
[Re: Bob]
#6655956
11/03/19 02:01 AM
11/03/19 02:01 AM
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Joined: Nov 2008
Posts: 4,548 Cleveland IL
muddyriverdogz
trapper
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trapper
Joined: Nov 2008
Posts: 4,548
Cleveland IL
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Gold and silver are a terrible way to preserve wealth. If you look at historic numbers over the long term you’d be better off investing money in almost any other investment vehicle. We will see about that in the next economic downturn. The real one.
You only live once, so get over it!
Tactics may change but the goal remains the same.
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Re: gold and silver
[Re: beeman]
#6656112
11/03/19 09:46 AM
11/03/19 09:46 AM
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Joined: Nov 2007
Posts: 898 N. W. MISSOURI
TRAPPER-ED
trapper
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trapper
Joined: Nov 2007
Posts: 898
N. W. MISSOURI
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I have question for those that invest in gold and silver.
Do you buy physical gold and silver or etf's, stocks, or mutual funds etc?
PHYSICAL ,you can hold it in your hand , just have a good gun safe to put it in.
50 + years of trapping & some fur buying and i still know nothing.
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Re: gold and silver
[Re: pcr2]
#6656192
11/03/19 11:41 AM
11/03/19 11:41 AM
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Joined: Dec 2006
Posts: 8,243 NWWA/AZ
Vinke
trapper
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trapper
Joined: Dec 2006
Posts: 8,243
NWWA/AZ
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You can take $9,999.00 of face value gold coins in or out of the country without having to declare it.
Slightly used Shoes 4 sale……………
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Re: gold and silver
[Re: beeman]
#6656219
11/03/19 12:29 PM
11/03/19 12:29 PM
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Joined: Nov 2008
Posts: 4,548 Cleveland IL
muddyriverdogz
trapper
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trapper
Joined: Nov 2008
Posts: 4,548
Cleveland IL
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I have question for those that invest in gold and silver.
Do you buy physical gold and silver or etf's, stocks, or mutual funds etc?
If you don't hold it you don't own it. If we had an economic melt down you would find out real fast that all the paper metal's do not exist. It says right in the fine print you can never take possession. Why do you think that is ?
Last edited by muddyriverdogz; 11/03/19 12:30 PM.
You only live once, so get over it!
Tactics may change but the goal remains the same.
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Re: gold and silver
[Re: beeman]
#6656337
11/03/19 03:50 PM
11/03/19 03:50 PM
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Joined: Nov 2008
Posts: 4,548 Cleveland IL
muddyriverdogz
trapper
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trapper
Joined: Nov 2008
Posts: 4,548
Cleveland IL
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My next question. If you invest in physical gold and silver how do you make any money when you buy at retail and when you redeem you sell at wholesale?
What kind of physical gold and silver do you buy? Coins or bullion? You buy as close to spot as you can get it. Buy the dips.
You only live once, so get over it!
Tactics may change but the goal remains the same.
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Re: gold and silver
[Re: pcr2]
#6656466
11/03/19 06:59 PM
11/03/19 06:59 PM
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Joined: Dec 2006
Posts: 8,243 NWWA/AZ
Vinke
trapper
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trapper
Joined: Dec 2006
Posts: 8,243
NWWA/AZ
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Coins Junk or 40 percent is a no brainer if you are holding
Slightly used Shoes 4 sale……………
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Re: gold and silver
[Re: pcr2]
#6656473
11/03/19 07:04 PM
11/03/19 07:04 PM
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Joined: Dec 2006
Posts: 8,243 NWWA/AZ
Vinke
trapper
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trapper
Joined: Dec 2006
Posts: 8,243
NWWA/AZ
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I use the kitco app on my phone and buy from a dealer that charges less
Slightly used Shoes 4 sale……………
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Re: gold and silver
[Re: pcr2]
#6656495
11/03/19 07:23 PM
11/03/19 07:23 PM
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Joined: Dec 2006
Posts: 8,243 NWWA/AZ
Vinke
trapper
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trapper
Joined: Dec 2006
Posts: 8,243
NWWA/AZ
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What I like is Silver or gold is harder to spend than a safe full of cash Imuse or I need that buys take time
Slightly used Shoes 4 sale……………
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Re: gold and silver
[Re: Vinke]
#6656548
11/03/19 08:14 PM
11/03/19 08:14 PM
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Joined: May 2010
Posts: 10,421 mn north of blakely
Steven 49er
trapper
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trapper
Joined: May 2010
Posts: 10,421
mn north of blakely
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Coins Junk or 40 percent is a no brainer if you are holding I try to avoid the 40 percent unless it's a smokin deal and even then I try to flip it right away. .999 Silver takes up enough room as it is 40 percent silver takes up 2.5 times the room. Gold is the ultimate end goal IMHO. If and when it goes back to 40 or so to 1 ratio it's time for the silver to go.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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