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 Replies: 59 / Views: 8,232 |
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Pillar of the Community
United States
1409 Posts |
J_H_S - I think we all have those stories about what we wish we'd have bought, especially in the market. I did buy Ford as soon as they didn't take bailout money, I bought 100 shares (not much) at $3.86 a share. I sold recently at $13.22 a share. One of the few investments I've had in the past 5 years that paid off. My 2004 home purchase sure hasn't.....lol. As for silver and gold. I have a few gold coins, nothing major. I sell nearly as much silver as I buy, but mostly sell off Kennedy halves while buying older silver coins that also have high numismatic value and help complete my collections. (SLQ's, Walkers, Barbers) I think silver will remain in the 16-20 dollar range for another year or so, ranging up and down before finally busting through $20 for good where it may reach $25 in 18-24 months. That is purely my .02, and I have about as much credibility in this arena as the bum outside the liquor store, so take it with a grain of salt. But its how I'm approaching it. |
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Pillar of the Community
United States
2661 Posts |
I would rather put my money in my favorite dividend fund which is currently paying a very healthy 20.88% dividend yield. No percentage above spot to buy it and no percentage below spot to sell it. It has been my observations that you have to pay at least 10% over spot to buy precious metals and when you go to sell you get 10-15% below spot. So it would seem that you have to realize at least a 40% gain in spot price to make any real money unless you are buying by the metric ton.
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Pillar of the Community
United States
3294 Posts |
See, I think you can do better if you look around. I can buy 90% from my coin shop at spot and sell to him at .9x spot, but if I go to another store in a different town, maybe I could sell at spot and buy a 1.1x spot? That way, by buying at one and selling at the other, there is not a huge bump to get over to make $.
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Pillar of the Community
United States
926 Posts |
Tim: What fund are you in paying a 21% dividend? That's amazing.
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Pillar of the Community
Australia
3831 Posts |
I honestly hate articles that don't mention about mine expansion, not just elaborating about how strong demand is, thus making it not worthwhile reading. I repeat, NOT worthwhile reading. You need to have a better picture of both supply and demand: http://www.infomine.com/ |
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Pillar of the Community
United States
2335 Posts |
Quote:
I would rather put my money in my favorite dividend fund which is currently paying a very healthy 20.88% dividend yield I really hope you will inform all of us about this fund.....I've got plenty of investments that aren't making anywhere near that & I could really use the money. |
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Pillar of the Community
 United States
2424 Posts |
i honestly do not think there are any. any that do not require an extreme amount of RISK... and the article was stating that historical facts that gold has been getting 20-30% annually I believe it was? correct me if I'm wrong
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Pillar of the Community
United States
6326 Posts |
I like to just sit on the porch and eat corn ! .........  .........................  ..................
Edited by eaglefoot
05/13/2010 10:19 am
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Pillar of the Community
United States
2661 Posts |
RPT, I PMed you with the info.
Edited by Tim Stroud
05/12/2010 5:27 pm
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Pillar of the Community
United States
2335 Posts |
Quote:
i honestly do not think there are any. any that do not require an extreme amount of RISK... and the article was stating that historical facts that gold has been getting 20-30% annually I believe it was? correct me if I'm wrong I'm not sure what the article was claiming & I'm not going back to re-read it. I do know that gold has not been getting 20-30% annually over any extended period of time. It has done well over the last few years; go back more than 3-4 years & the return is in the low single digits. I'm also doubtful that there is a fund getting 20% annual dividends, but if one exists I definitely want to check it out. |
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New Member
United Kingdom
23 Posts |
As a long term investment, I have never lost money in Gold and Silver... but I reckon if I was a short termer, I would always be cursing not waiting, or waiting too long.
Also, I buy things I like the look of... so I tend to want to keep it anyway, regardless.
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Pillar of the Community
United States
2734 Posts |
Even if gold and silver 'crash', they don't go down to nothing.
Simple equation = $5/oz. silver > nothing
Just ask anyone who invested with Bernie Madoff...
...Abacus...Old GM stock...Enron...etc...
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Valued Member
United States
442 Posts |
No one realy knows and if they did someone would make that change too,when the political data is right ! imo cash is kingyou can always outsource your purchase's   |
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Valued Member
United States
323 Posts |
I think it is a good investment
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Rest in Peace
United States
9104 Posts |
Reasonable article, except for Quote:
Since silver is 1/2 the weight, a similar sized silver coin, gold plated, would be about 1/4 of the weight of a gold coin!
Of course, it would be half the weight. |
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Replies: 59 / Views: 8,232 |
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Posted 05/11/2010 4:16 pm
