Guarenteed 10% Interested Anually Or Silver?

I would take the 10% and thanks for serving our country.

My Financial Advisor that I spoke to today, says Nationwide also offered a guaranteed of 10% interest per year for 10 years.

So, if you put in $100K in year one, you get at least $200 after 10 years guaranteed, and if the market crashes, you're still good for that amount. And if you play it well, it can go above what you put in.

I agree that the 10% is a heck of a deal. Compare that to a 1 yr T-bill that only pays 0.22%, short term investment grade bonds at about 1.5%, and stocks over the long term at about 8-10%. Diversification is a good strategy and the amount that you would put into each option would depend on criteria like your risk tolerance, other assets you own, goals, etc. If it were me, I would put some money into that program.

Well, if nothing else, we've proven that investment advice obtained here is worth exactly what you've paid for it.

BTW, I figure your $750 is dead on, given the max that can accrue interest and quarterly compounding. You can even achieve an effective rate a bit higher than that 10% since deposits on the 10th or before accrue interest from the beginning of the month. No tax advantages to your program. I believe the 28% collectible rate is still in effect for PMs. Good luck. Stay safe.

When I was in the Marines we had a similar thing, We called it a 'J allotment'.

But yea 10% up to 10k.

A few guys I knew did it and put the full 10K. I wish I had done it.

At todays average prices $10,000 will get you (with out premiums) about 250 ounces at $40.00/ounce.

silver would have to rise to $43.00/ounce to equal $10,750.

So if you think silver is going to go up more than $3 in the next 9 months, then silver may be the better bet.

But thats if you wanna put it all on black.

Be smart, you know what you should do. You hear it here all the time.

Diversify.

If it were me, right now, knowing what I know. I would do;

$5,000 in to that fund at a guaranteed 10% return.
$1,650 (once ounce worth) in to Gold
And the rest into Silver, as much as I could get ounce wise with as few premiums as possible. (90% most likely)

I say one ounce of gold because I dont expect it to do much, but given the state of the economy and global perception of the Fiat dollar, who knows, and if gold spikes to $2,000/ounce by early next year, youll have at least gotten something for it.

Since these investments are known as "short positions" you want to make them in ways that if one fails (silver) another can cover the loss (10% return fund) and the others that do well are your guaranteed positive return.





tl;dr

Diversify. 50% into promised return, split the rest on the maybes.

I like the idea of hedging this bet with a combo of the guaranteed 10%, which is very hard to find these days, and some silver. Yes, silver may go up or it may not. No guarantee with the silver. If it goes up more than 10%, then it pays off in this context. If not, then you still have the portion of your money in the 10% guaranteed fund.



Yes, people are using silver for an investment vehicle but it also has a number of industrial uses as well. World demand for silver is in the area of 800 million ounces per year and it is rising. World silver production is in the area of 650 million ounces and it is rising slower than the demand. The difference is being made up via recycling of old jewelry, flatware, and other silver items.

Electrical devices, medical applications, and solar energy systems use quite a lot of silver. High resolution non-digital photography does as well. Although consumers have accepted digital cameras in a big way, the military and professional photographers, who need the highest degree of photographic detail and accurate color reproduction, have not.

Thanks for your service, and God bless