76sanger
Well-Known Member
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- Apr 1, 2020
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Is it time to start sitting on cash? How much percentage wise to leave in the bank?
Glad I got my gold at 350 a coin.
Kinda rough buying into it now, but its been good for me.
I'm gold and cash. With the cash, I keep it in a term deposit at my credit union. Credit unions here give better interest. 2.59% and are 100% insured.
Currently my lease is up end of Feb. Deciding on either buying a house or getting another short term lease. Real estate here is still going up, but condo/townhouse sales are down with rents. The low end of the market usually goes first. So I'll likely get another six month lease. Different house then I'm at.
True, but the dollar is worth less as well, so who knows the real value now.
Insured.
One held view is that the price of gold factors in inflation.
Not sure, but its one theory.
They insure the deposits like all banks. But unlike a regular bank, deposits are insured for whatever you had in the account. Regular banks here insure up to $250k, if you have more in the account, its lost if the bank goes under. I see my term deposits as very safe investments.
Insurance is ONLY as Good as the Insurer. IMO
Total Trust is very Difficult to Aquire.
177 airRight now precious metals like copper and lead connected to shiny brass!
all these metals when connected together have more than doubled in price!
These connected metals come is different sizes
380
9mm
40
45
357
556x45
762x39
762x51
are some of the more popular sizes
177 air
556
223
38
9mm
357
22
17hmr
30.06
40
45
22-250
25auto
45/70
all went up in smoke when the boat sank
They insure the deposits like all banks. But unlike a regular bank, deposits are insured for whatever you had in the account. Regular banks here insure up to $250k, if you have more in the account, its lost if the bank goes under. I see my term deposits as very safe investments.
It’s a biggyJust for your 411 you opened my blind eyes about the 45/70. That is a kick ass round!
I need to dump my 30/30 and get a mans rifle!
LoL
biggy roundJust for your 411 you opened my blind eyes about the 45/70. That is a kick ass round!
I need to dump my 30/30 and get a mans rifle!
LoL
Yeah, holding physical gold is generally seen as a way to preserve value, a hedge against inflation
Some things that's aren't sexy, but are solid investment values, would be copper and coal.
Copper is needed for electronics and pretty much anything electrical, and demand will only go up.
Coal is cheap because climate change...but coal isn't just burned for fuel. Its needed for the production of tons of shit, including electronics and carbon fiber (it's where the carbon comes from...coal is carbon)
I like the silver EaglesGold and silver. I like U.S. half dollars. You can get a box of 1000 half dollars for $500. They will have order them at your bank.
Unless your family is freezing to deathSure - silver, platinum, palladium,...
Thing is when you move out of precious metals to commodities like copper, and coal what happens is the volume you need as a hedge becomes prohibitive to handle and store. 10 gold coins fit in a few inches of space and is worth 20K.
If you heat you house with coal buying another ton or 2 makes sense. Trying to use coal as a bargaining commodity is really tough.
UD
Unless your family is freezing to death
It’s a biggy
There used to be an Orange account with ING. 3 months, 3% and its insuredI'm gold and cash. With the cash, I keep it in a term deposit at my credit union. Credit unions here give better interest. 2.59% and are 100% insured.
Currently my lease is up end of Feb. Deciding on either buying a house or getting another short term lease. Real estate here is still going up, but condo/townhouse sales are down with rents. The low end of the market usually goes first. So I'll likely get another six month lease. Different house then I'm at.
Borrow as much money as you can at 2.5% and buy value/blue chip stocks paying 2% or more dividends with 75% of it. The rest sprinkle it around with precious metals and collectibles.
No but I was talking to a guy on 45/90sEver see Marlins game guide for 45-70?
Where do you guys recommend buying the gold & silver from?
No but I was talking to a guy on 45/90s
Any recommendations for shops in the San Diego or so cal area
Sure - silver, platinum, palladium,...
Thing is when you move out of precious metals to commodities like copper, and coal what happens is the volume you need as a hedge becomes prohibitive to handle and store. 10 gold coins fit in a few inches of space and is worth 20K.
If you heat you house with coal buying another ton or 2 makes sense. Trying to use coal as a bargaining commodity is really tough.
UD
LOL the coal/copper thing was a separate thought as a good investment play. Not a suggestion to amass physical stores of each [emoji4]
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This seems like the most obvious solution and I agree with it. But as I sit here (after throwing $100,000 in the stock market that I had sitting in cash in my Roth IRA back in March) scratching my head watching that money turn into $150,000. I paid off my home back in 2018 and the only debt that I have is my vacation home. With that being said, it takes every bit of restraint in not selling at least $50,000 and paying off my vacation home and finally being completely debt free...
Where do you guys recommend buying the gold & silver from?
I'm a partner in Midas Gold Group. www.midasgoldgroup.com Happy to answer any questions you may have about buying/owning/holding precious metals.
Insurance is ONLY as Good as the Insurer. IMO
Total Trust is very Difficult to Aquire.
Its called the FDIC here. Your deposits are insured as well provided you are under the thresholds.
IMO, You did NOT read and understand my statement.
I understood that you must keep all your money under your mattress.