Investing In Gold/Silver

myob

13 years ago

My wife would send me through the roof if I ever did that.

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SEODude 13 years ago

Originally Posted by myob

My wife would send me through the roof if I ever did that.

Thank god i'm 18 haha , I dont tell my Girlfriend that i do it.

Most teens waste they're money but i try to put atleast 10% of it on gold and silver. So when i need money i can cash it in.

Physical value
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- myob 13 years ago
  
  Cash is much easier to stash. How do you hide gold and silver bricks? Or if you need quick cash, who do you sell the bricks to? The WF?
  
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  Cool Hand Luke 13 years ago
  
  Originally Posted by myob
  
  Cash is much easier to stash. How do you hide gold and silver bricks? Or if you need quick cash, who do you sell the bricks to? The WF?
  
  :rolleyes:
  
  The discussion is about INVESTING, not hiding your assets.
  
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  myob 13 years ago
  
  I've been buying precious metal mining stocks for years. Sure beats schlepping them bricks.
  
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  SEODude 13 years ago
  
  Originally Posted by myob
  
  I've been buying precious metal mining stocks for years. Sure beats schlepping them bricks.
  
  Its better to have them in hand
  
  Your trading platform/company could go bust and leave you high and dry (Unlikely but could happen)
  
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  SEODude 13 years ago
  
  Originally Posted by myob
  
  Cash is much easier to stash. How do you hide gold and silver bricks? Or if you need quick cash, who do you sell the bricks to? The WF?
  
  Not going to lie here. I have my gold under my floor boards in a bolted and fireproof safe. And my silver is in an Electronic triple bolt safe also fireproof.
  
  And i can just put it on ebay
  
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  SeanyG 13 years ago
  
  Originally Posted by myob
  
  Cash is much easier to stash. How do you hide gold and silver bricks? Or if you need quick cash, who do you sell the bricks to? The WF?
  
  You buy coins. A lot easier to move.
  
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  SEODude 13 years ago
  
  Originally Posted by SeanyG
  
  You buy coins. A lot easier to move.
  
  Yeah true. I dont have 1KG bars like he thinks haha.
  
  I have mostly 1oz Bars and coins and also some collector coins (Art coins)
  
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  hikerguy777 13 years ago
  
  I always wonder about this buy and hold physical gold and silver thing. Why? Because when the crap hits the fan the things people are going to want are water, guns, and food. Look at when Katrina hit New Orleans - people wanted water, food, and guns - probably not in that order.
  
  I am holding some silver ETF (no physical) and some other non-US commodity stocks since I believe the USD has a very short lifespan and hyperinflation is coming our way. Of course, I could be wrong but until I see the debt situation changing here I'm not changing this strategy.
  
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  hikerguy777 13 years ago
  
  Oh, one more thing. I read a great book on this (I don't have enough posts yet to link) - go to Amazon and search for "The Modern Survival Manual: Surviving the Economic Collapse"
  
  Great read.
  
  Thanks
  
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  Emilyp 13 years ago
  
  I invested and then had to take out shortly after, not really caring so much as it was a long term investment. Unlucky for me silver doubled within a few short months after I took out. I definitely need to get back in there.
  
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- John Broberg 13 years ago
  
  Originally Posted by Delux
  
  Thank god i'm 18 haha , I dont tell my Girlfriend that i do it.
  
  If you're 18, then ignore all the opinions. Just hold onto it until you're 60. All these guys who talk about market corrections, analysis, and who's taking what position will be dead. Then, you'll sell it at a profit because you focused long-term. Gold hasn't failed in the last 5000 years or so. I think it's a safe bet.
  
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Steve Faber 13 years ago

Originally Posted by myob

My wife would send me through the roof if I ever did that.

I bet she'd be singing a different tune if you'd started doing it about 5 years ago.
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kellyburdes

13 years ago

Investing in Gold/Silver right now is a little bit like investing in Real Estate in 2005 or tech stocks in 2000. Can they continue to go up? Sure, and there probably is still some upside in them...but typically when the entire world starts to jump in, the smart money starts to get out..and your starting to see that now. Soro's just sold over $1billion in gold in the last few weeks, and several other top hedge fund managers are also reducing exposure there a lot.

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GlobalTrader

13 years ago

Originally Posted by kellyburdes

Investing in Gold/Silver right now is a little bit like investing in Real Estate in 2005 or tech stocks in 2000. Can they continue to go up? Sure, and there probably is still some upside in them...but typically when the entire world starts to jump in, the smart money starts to get out..and your starting to see that now. Soro's just sold over $1billion in gold in the last few weeks, and several other top hedge fund managers are also reducing exposure there a lot.

In regards to your Soros reference, I just read this today in an investment newsletter I subscribe to:

Soros Fund Management sold 99% of its holdings of the GLD ETF during the first quarter, 4.67 million shares in all. Whatever. We think it's more significant that John Paulson is holding onto his much-larger position -- 31.5 million shares.

31.5 million shares is roughly 6-7 times what Soros liquidated.

Pre-65 dimes, quarters and half dollars are a good resource and small denomination that are easier to sell then silver bars. Trouble is, not many people are selling them right now. I watched one Ebay seller go from 10 ID's mostly selling this coinage since 2008 go down to one ID because no one is selling. Gold and silver have a long, long way to go, they are the only REAL money.

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SeanyG

13 years ago

Originally Posted by kellyburdes

Investing in Gold/Silver right now is a little bit like investing in Real Estate in 2005 or tech stocks in 2000. Can they continue to go up? Sure, and there probably is still some upside in them...but typically when the entire world starts to jump in, the smart money starts to get out..and your starting to see that now. Soro's just sold over $1billion in gold in the last few weeks, and several other top hedge fund managers are also reducing exposure there a lot.

Bingo... The people that do this professionally are reducing"exposure"... in other words they're reducing their risk.

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ZhaoAnXin

13 years ago

Originally Posted by kellyburdes

Investing in Gold/Silver right now is a little bit like investing in Real Estate in 2005 or tech stocks in 2000. Can they continue to go up? Sure, and there probably is still some upside in them...but typically when the entire world starts to jump in, the smart money starts to get out..and your starting to see that now. Soro's just sold over $1billion in gold in the last few weeks, and several other top hedge fund managers are also reducing exposure there a lot.

This.

Most people get upset if you tell them this, because they think that they are the ones who have some "special" secret knowledge by buying metal commodities.

The truth is smart people are making a run on real estate right now while it's at rock bottom prices.

Once they get as much as they can, they will break the metals bubble and launch a new bubble on real estate.

This is the cycle.

They ran a housing/stock bubble that everybody jumped on like lemmings and bought up the metals themselves.

Then they drove the housing/stock market into the ground and bubbled metal (which they had).

Sell the metals high, buy the real estate low.

Soon they'll burst the metals bubble and drive up real estate and/or stocks. Then buy back the metals at a low price, and sell the land at a high price.

Profit up, profit down.

This is what the so-called "economic cycle" is really about. Smart people with a plan using the greed and fear of people not in know to consistently profit.

I wouldn't buy metals unless I thought I could accurately predict the height of the bubble and cash out early enough.

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Cool Hand Luke

13 years ago

This belongs in "Off-Topic" where there is already a thread about this topic.

For the record, I started buying gold in '06 when a buddy of mine in the finance sector told me to do so and as I watched it steadily increase. Has been a NICE investment, to say the least.

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SEODude

13 years ago

YouTube - Buy Silver?

Watch that. He's 100% Right

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SeanyG

13 years ago

Originally Posted by Delux

As you all may know Gold and silver is going up in price and its expected to go through the roof by the End of 2011.

This is one of the scariest statements I've ever seen on the WF!

What are you basing that on? Don't make assumptions!

In the long run commodities with value like Gold and Silver will go up as the US dollar falls and other major currencies collapse. No question...

I'm not bearish on commodities... but your assumption that gold is expected to go up more.

That being said, Gold and especially Silver have had one of their biggest runs ever this year. Silver is in dangerous territory of being overbought. When a commodity has been over bought (the price has been driven up by short term demand) there is always a correction (downturn).

If you buy now you face buying at the peak before the correction... which means that you'll be stuck in the stock for a longer period of time waiting for the price to rally just so you can break even.

All the guys that I know in the markets are getting out of silver and other commodities for the short term. Too much downside risk. But thats how this game works. The insiders were buying gold and silver 2 years ago and now they're selling just as "Joe Public" is hearing about it and considering buying.

Be weary and do your own due diligence. Don't make an assumption that something will go up just because it has been for a while. Thats when people get burned the worst because thats when there is a lot of downside risk!

Good luck!

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Mike McAleer

13 years ago

Screw that. Invest in Domain Names.

Read Ricksblog.com, MorganLinton.com, ElliotsBlog.com and the some of the ones in their blogrolls especially ricks!

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simonbuzz

Banned 13 years ago

i have invested 6000$ in gold and already seeing some profit....and now i am going to join another company..

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Andyhenry

13 years ago

Originally Posted by Delux

As you all may know Gold and silver is going up in price and its expected to go through the roof by the End of 2011.

Is anyone on WF investing in Gold or Silver Bullion (Physical) ?

I've got a good few Oz's now

Discuss

There are a few Warriors in Silver. I wrote a book about investing in silver last year and have had several warriors tell me that they've made a nice profit based on buying when I first told them about it (silver was around $18 at the time). I've also had even more tell me "why the hell didn't I listen when you told me about this".

I personally am not interested in short term drops in price (that's just "silver on sale" as far as I'm concerned) and still think it has a long way up to go.

Andy

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Steve Faber

13 years ago

I did this post on silver investing on one of my blogs over 3 years ago. I only wish I had followed my own advice.
Debt Free- Silver Investing ? Treated as Gold's Poor Stepchild?

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mokondo

13 years ago

Hi everyone,
I am a noob in IM, but I used to trade (not invest, since my money is limited) gold bars for 5 years in my country, Indonesia. I just want to share a little bit. Gold has always been a good "long term" investment for thousand of years around the world. For your simple proof, just check kitco.com.
For example : U$ 300 per ounce in Jan 2000, and now U$ 1500 in Jan 2011.
So in USD, the increase of gold value (against USD paper money) is 500 % over a period of 10 years, which means 50 % per year. And you don't need to work to achieve it !

That's why the rich will "definitely" becomes richer, and the rest becomes poorer!

The key is "long term" which means at least you have to keep it 1 year.

DO NOT get fooled by Soros and other investor "Gurus". The only reason they sell some of their gold now because "at this moment" they have some golden opportunities to "swallow" some companies or assets that are "cheaply for sale". By doing that, they can even profit 100 % a year

Compared to real estate, you to have consider one important aspect. It is not quick and easy to sell it at any moment, if you want a fair price.

As for gold bars (99,99 % purity, LBMA certificate) it is VERY easy, ALL OVER THE WORLD. So you can buy it in one country, and sell it anywhere else.

In Indonesia it is even possible to buy gold bars in 1 gram ! Check here :
Logam Mulia - Precious Metal Refinery

Well, if you need more information, you could just thanks me for this post and PM

PS : I am not an affiliate of any those companies mentioned above.

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terrencewan

13 years ago

I am investing in gold,
and the company pay me
divdends for the shares
that i got, easy money.
Email me : support@moneyinboxwealth.com
to get more information.

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mokondo

13 years ago

I forgot to mention these :
1. ONLY buy gold bars with 99,99% (24 K) purity. You can sell it ANYWHERE in the world.
2. Keep the gold bars yourself (or you could rent a safe deposit box in any safe country)
3. DO NOT buy ETFs (or any GOLD related PAPER), Gold Coins or Gold Jeweleries for investment. Unless you are crazily desperate need to lose your investment (money laundry?).
4.You can trust NO body to hold your gold for you (ex: ETF or other schemes), the same way as you can not trust all the stocks or bonds in the market. They can go broke (a country can also go broke, ex:Greek), and you will lose ALL of your investment. or, you will be scammed altogether.
5. The premiums on Gold coins and Jeweleries are ALL too high (6 - 30 %) compared to the price of pure gold. Moreover, it is not easy to get fair price when you want sell them. You are better off to become jeweleries trader

And last, save the majority of your investment in gold bars, because ANY currency in the world depreciates over time. Remember how much you can get anything for U$ 100, 15 years ago? How about NOW?

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Money on the Side

13 years ago

I recently joined a wholesale bullion club where I can buy wholesale....cheapest prices out there. I keep some and sell some. Making great money right now.

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dsworks 13 years ago

To invest in physical gold, I like the 1oz American Gold Eagle coins. Just a pocket full of them would be worth $20k or more. They can be traded for cash easily since they are widely recognized. Also, since there is a bit of alloy mixed in, it is more durable than the pure bars.
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- rts2271 13 years ago
  
  I use Apmex. I turn all my savings into Gold and Silver. I dont trust banks and savings account interest rates suck.
  
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celente

13 years ago

I have put half my savings into silver and gold.

I just recently bought a big bullion of copper too.

While I belive this is not going to be good in the short term, it will be good for the long term...when the economy goes down the tube again. Yes! and this will happen. Metals always do well when the economy is in the toilet. Just sayin

any more big dips and i will be buying a ton more!! Happy investing!!

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smoor2012

13 years ago

Hello
How is everybody doing here? I am somewhat new to posting replies. I am reading all the posts and trying to learn a few things. Mostly right now I wanted to say hello. I am interested in silver myself and trying to learn some of the ins and outs here.

Thanks
Scott

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rondo

13 years ago

I always hear people talking about buying physical gold and silver as a good safe investment, an inflation hedge etc. Makes sense.
But I never hear people talking about how to SELL it.

So once you have it, how do you sell it? Where do you sell it? What if you have to offload it quickly?

Andrew